backKing & Spalding advised an affiliate of Highland Capital Management, LP in its sale of its portfolio company American HomePatient, Inc. to Lincare Holdings Inc. Lincare is one of the nation's largest providers of oxygen and other respiratory therapy services to patients in the home.
The Company provides services and equipment, operating from approximately 1,000 locations in 48 U.S. states and Canada, and employs approximately 11,000 people. After conducting a competitive auction sale process for American HomePatient, King & Spalding structured, negotiated and consummated a complex stock purchase transaction that afforded Highland Capital a successful exit and found an effective strategic fit for American HomePatient, Inc. in Lincare.