Paul Hastings Advises Valitás Health Services on Merger With America Service Group
Chicago, IL (March 3, 2011) - Paul, Hastings, Janofsky & Walker, LLP, a leading global law firm, announced that the firm is representing Valitás Health Services, Inc., a leading nationwide provider of correctional healthcare services, in connection with its pending acquisition of America Service Group Inc. Upon completion of the transaction, the combined company will have approximately 11,000 employees and independent contractors and expected revenues of approximately $1.4 billion for 2011.
According to the terms of the merger agreement, Valitás will acquire America Service Group for a cash consideration of $26.00 per share, or approximately $250 million. The transaction is expected to close in the second quarter of 2011 and is subject to the approval of America Service Group's stockholders and other customary closing conditions.
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