Primax Recoveries, Inc. Sold to Affiliated Computer Services, Inc.
Kaye Scholer's Private Equity Practice Group in Chicago represented various Securityholders of Primax Recoveries, Inc. in its sale on July 12 to Affiliated Computer Services, Inc. (NYSE: ACS) for $40 million, plus contingent payments based upon future financial performance. Primax is one of the industry's oldest and largest health care payor cost recovery firms. ACS is a global provider of business process outsourcing and IT solutions.
The Kaye Scholer team included Arthur Woodard, Louis Tuchman, Lauretta Moran and John Rynkiewicz.