find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Demerger spells start of IPO for health software company

Demerger spells start of IPO for health software company

The demerger of Lincor Ltd from Hills Ltd is nearing, as the health software business prepares to list on the ASX.

Firms: King & Wood Mallesons (Hills Ltd); DLA Piper (Lincor Inc)

Deal: Lincor Ltd is demerging from Hills Ltd, as the merger of the Hills Health Solutions business and Lincor Inc proceeds.

Value: Undisclosed

Area: M&A

Key players: The King & Wood Mallesons (KWM) team advising Hills Ltd was led by partners Lee Horan (pictured) and David Friedlander. Senior associate Anthony Boogert assisted on the deal.

Deal significance:

Hills Health Solutions has merged with Lincor Inc to form a newly incorporated company, soon to list on the ASX.

The new company, Lincor Ltd, will be a provider of patient engagement technology solutions with a growing software as a service (SaaS) platform. The company will develop and deliver products to help improve clinical outcomes and patient experience in hospitals. Some of its offering will include medical record management, as well as education and entertainment services for patients.

Under the new arrangement, the shareholders of Hills and Lincor Solutions will own approximately half of the Lincor Ltd shares.

According to a statement released by KWM, the arrangement will be in place prior to the IPO capital raising to “provide financial flexibility, repay debt, pay transaction costs and accelerate global growth”.

KWM advised Hills on the pending demerger and proposed merger. Lead partner Lee Horan said he was pleased to have been able to support the company on the deal.

“Hills Health Solutions and Lincor have a strong existing commercial relationship and we are delighted to have been able to assist in the proposed merger of these two entities for the benefit of Hills’ shareholders,” Mr Horan said.

KWM partner Lee Horan

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Demerger spells start of IPO for health software company
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...