Vera and Castlight have based these forward-looking statements on current expectations and projections about future events and trends that they believe may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs of Vera and Castlight. These words are intended to identify forward-looking statements. In some cases, forward-looking statements may be identified by terminology such as "believe," "may," "will," "should", "predict", "goal", "strategy", "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," "expect," "seek" and similar expressions and variations thereof. This press release contains "forward-looking statements" relating to the acquisition of Castlight by Vera. The Firm has offices in New York and London.Ĭautionary Notice Regarding Forward-Looking Statements Since inception, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of more than $175 billion. The Firm's core industries for investment are healthcare, consumer/retail, technology/business services, and industrials. Castlight partners with Fortune 500 companies and health plans to transform employee and member benefits into one comprehensive health and wellbeing experience to deliver better health outcomes and maximize returns on healthcare investments.Ĭlayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. As a leader in healthcare navigation, we provide a world-class digital platform with a team of clinical and benefits experts to help members easily connect and engage with the right programs and care, at the right time. The Vera model is uniquely designed to help people achieve optimum social, psychological, and physical well-being - an outcome that's neither probable nor affordable within the current sick-care system.Ĭastlight is on a mission to make it as easy as humanly possible for people to navigate the healthcare system and live happier, healthier, more productive lives. Vera is the only care model with the capability to deliver whole system health to a diverse patient population from a single care center. Vera Whole Health is leading the critical shift to value-based care across the United States. Kirkland & Ellis LLP served as legal advisor to Vera. William Blair served as exclusive financial advisor to Castlight, and Fenwick & West LLP served as legal advisor to Castlight. With the completion of the acquisition, Castlight's stock will cease trading on the New York Stock Exchange and Castlight will no longer be listed on any public market. Funds advised by Clayton, Dubilier & Rice, LLC ("CD&R") are the majority equity holders of Vera. ("Castlight") at a price of $2.05 per share, net to the seller, in cash, without interest and subject to any required tax withholdings. ("Vera") announced today that it has successfully completed its previously announced acquisition of Castlight Health, Inc. 17, 2022 /PRNewswire/ - Vera Whole Health, Inc.
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