Kirkland Advises GTCR on Acquisition of Cloudbreak Health
Kirkland & Ellis is advising private equity firm GTCR on the proposed $180 million acquisition of Cloudbreak Health, LLC, a leading provider of tech-enabled, healthcare-focused language interpretation services. The definitive agreement was announced on November 16, 2023. Cloudbreak is being carved out of UpHealth Inc (NYSE: UPH). The deal is expected to close in the first quarter of 2024 following customary regulatory and stockholder approvals and closing conditions. Cloudbreak’s core offering is Martti™ (My Accessible Real-Time Trusted Interpreter), a HIPAA-compliant Video Remote Interpretation solution that connects patients with interpreters in over 250 languages across its network of more than 1,000 interpreters.
Read the transaction press release
The Kirkland team is being led by corporate partners Dan Guerin and Neil Vohra and restructuring partners Ross Kwasteniet and Chris Koenig and includes corporate associates Ben Vizvary, Jack Silverman and Dan O’Dea, with support from corporate partners Rachael Coffey, Sanford Perl and Michael Weed; restructuring associate Aaron Metviner; technology & IP transactions partners Aaron Lorber and Bernadette Coppola; capital markets partners Bob Goedert and Kevin Frank; debt finance partner Tom Dobleman and associate Tasha Serafin; and tax partners Michael Carew and Polina Liberman.
