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Ankura Protects $236 Million in Charitable Assets of the Commonwealth of Massachusetts

June 23, 2022

Ankura was honored to serve as the transaction and valuation advisor to the Commonwealth of Massachusetts Attorney General’s Office during its statutory review of Optum Care’s proposed acquisition of Atrius Health. Atrius Health is the largest independent physician-led healthcare organization in the Northeast. Ankura’s valuation advisory contributed directly to an increase in purchase price from $73 million to $236 million, which resulted in over $160 million that will be devoted to charitable uses in the Commonwealth of Massachusetts. These proceeds will be entrusted to the Atrius Health Equity Foundation to promote health equity for the citizens of the Commonwealth. Ankura is committed to helping our clients to protect value – in this case, value that will serve the citizens of the Commonwealth of Massachusetts for decades to come.

The Ankura team was led by Jerry Chang, Senior Managing Director, and Robert Mundy, Managing Director.

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