backKing & Spalding is representing Northlane Capital Partners (“NCP”), which announced the sale of The Difference Card (“TDC”) to funds managed by Stone Point Capital LLC.
Founded in 2001, TDC is a provider of healthcare cost containment solutions that enable employers to reduce healthcare insurance costs without reducing employees’ benefit levels or increasing employees’ out-of-pocket expenses.
Based in Bethesda, MD, NCP is a middle market private equity firm focused on key segments within the healthcare and business services sectors, where its principals have invested $1.8 billion of equity capital. NCP’s strategy is to partner with industry leading companies and great management teams, aligning incentives to accelerate growth and build value.
The King & Spalding M&A team includes Ray Baltz, Spencer Stockdale, Pablo Alvarez, Jacob Weber and Milind Mishra; the healthcare regulatory team includes Kathy Poppitt; the insurance regulatory team includes Bernhardt Nadell; the tax team includes John Sweet and Michael Bennett; the benefits team includes Sam Choy and Heather Cron ; the labor team includes Jesse Pauker and Wes Benter; the IP team includes Laura Huffman; the Finance team includes Ted Tuerk; and the Antitrust team includes Brian Meiners and Adriana Dunn.
For more information, please see the press release by clicking here.