Lander & Rogers has acted in another acquisition made by Medibank in the in-home care sector.
The national firm advised the health insurance giant acquire Home Support Services (HSS), one of the country’s leading in-home care providers. The vendor was advised by HWL Ebsworth.
ASX-listed Medibank said in its annual report that the acquisition cost approximately $70m in cash.
Lander & Rogers, which also acted for Medibank when it acquired HealthStrong in 2017, said that the vendor underwent a major restructure prior to completion, which complicated the deal by bringing up several legal issues and necessitating negotiation of more transactional documents. The firm provided a full service offering, including on due diligence, transactional documents, and completion, it said.
Corporate partner Jackie Solakovski, who led the Lander & Rogers team, said that the strategic acquisition was made by Medibank in an important area of growth. Solakovski was supported by senior associate Jessica Ryde and lawyer Joshua Butler in the corporate team.
The real estate and projects practice fielded partner Lisa Gaddie and senior associate Nuala Same. Lander & Roger’s workplace relations and safety team on the deal included partner Daniel Proietto, senior associate Christian Mooney, and lawyer Lynden Albiston.
Medibank’s financial and tax advisers were 333 Capital and KPMG, respectively. Deloitte also advised the vendor.