Castlight Health And Vera Whole Health To Combine To Pioneer And Scale Value-Based Care In Commercial Market

Reuters
2022.01.05 13:53
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Jan 5 (Reuters) - Castlight Health Inc:

Jan 5 (Reuters) - Castlight Health Inc (CSLT.N) :

  • CASTLIGHT HEALTH AND VERA WHOLE HEALTH TO COMBINE TO PIONEER AND SCALE VALUE-BASED CARE IN COMMERCIAL MARKET

  • CASTLIGHT HEALTH INC - TRANSACTION IS VALUED AT EQUITY VALUE OF ABOUT $370 MILLION

  • CASTLIGHT HEALTH INC - TRANSACTION WILL BE STRUCTURED AS ALL CASH TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF CASTLIGHT

  • CASTLIGHT HEALTH - VERA TO COMMENCE TENDER OFFER TO ACQUIRE ALL SHARES OF CO’S CLASS A, CLASS B COMMON STOCK FOR $2.05 IN CASH PER SHARE

  • CASTLIGHT HEALTH INC - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY CO’S BOARD

  • CASTLIGHT HEALTH INC - CLAYTON, DUBILIER & RICE FUNDS, VERA’S MAJORITY EQUITY HOLDER, HAVE COMMITTED TO INVEST UP TO $338 MILLION TO SUPPORT COMBINATION

  • CASTLIGHT HEALTH INC - ANTHEM, INC., LONG-TIME STRATEGIC CUSTOMER OF CO, TO MAKE INVESTMENT IN COMBINED CO

  • CASTLIGHT HEALTH - UPON COMPLETION, CO TO BECOME PRIVATELY HELD CO, SHARES OF CO’S CLASS B COMMON STOCK WILL NO LONGER BE LISTED ON ANY PUBLIC MARKET

  • CASTLIGHT HEALTH INC - FORMER AETNA CHAIRMAN AND CEO RON WILLIAMS TO BE CHAIRMAN OF COMBINED CO

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