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News Jan 09, 2014

Shearman & Sterling Advises Symphony Technology Group Portfolio Company Evidera in Acquisition of Archimedes

Shearman & Sterling advised Evidera, Inc., a portfolio company of Symphony Technology Group, in its acquisition of Archimedes, Inc., a wholly owned subsidiary of Kaiser Permanente. The terms of the transaction were not disclosed.

Archimedes is a San Francisco-based healthcare modeling company. Evidera is a leading provider of evidence-based solutions for the healthcare industry. Symphony Technology Group is a technology and services-focused private equity firm. Kaiser Permanente, founded in 1945, is one of the nation’s largest not-for-profit health plans, serving 9.1 million members, with headquarters in Oakland, Calif.

The Shearman & Sterling team included partners Steve Camahort (San Francisco-Mergers & Acquisitions) and Dana Kromm (San Francisco-Mergers & Acquisitions) and associates Lisa Lopshire (San Francisco-Mergers & Acquisitions) and Scott Lucas (San Francisco-Mergers & Acquisitions), as well as partners Larry Crouch (Palo Alto-Tax), Richard Hsu (Palo Alto-Intellectual Property Transactions), and Steven Sherman (San Francisco-Finance); counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits), Eileen O’Pray (Palo Alto-Tax), and Dan Stellenberg (Palo Alto-Executive Compensation & Employee Benefits); and associates Zheng Bao (Palo Alto-Intellectual Property Transactions), Nathan Wood (Palo Alto-Finance), Joseph Tucci (Palo Alto-Tax), Benjamin Petersen (Palo Alto-Intellectual Property Transactions), Kerry Loree (New York-Executive Compensation & Employee Benefits) and Dana Lord (New York-Finance).