Conmed Healthcare Management, Inc. (Conmed) and Correct Care Solutions, LLC (CCS) announced on August 29 that the tender offer by CCS for Conmed shares for $3.95 per share in cash has been completed. The two companies announced the definitive agreement on July 16, 2012. The deal represents an equity value of approximately $59 million. A cash tender offer commenced around July 30, 2012. Conmed is a leading full service provider of correctional facility healthcare services to juvenile and adult county detention centers. CCS is a national provider of medical, mental health, care management and medical technology services to municipal, county, state and federal jail and correctional facilities serving both adult and juvenile populations.
The Kramer Levin team that worked on the deal for Conmed consisted of Corporate partner James A. Grayer and Corporate associates Carly Vella and Michael Hill, and Employee Benefits associate Carissa R. Trast.