Akin Gump Advises Fresenius Medical Care in Sale of Shiel Medical Laboratory

(Dallas) – Fresenius Medical Care, the world’s largest provider of dialysis products and services, has announced the divestment of the business of Shiel Medical Laboratory, Inc. to Quest Diagnostics, Inc. Shiel provides comprehensive non-dialysis laboratory services in the New York-New Jersey metropolitan area. Akin Gump advised Fresenius in the matter.

The divestment is expected to generate a modest book gain for Fresenius. Closing of the transaction is subject to regulatory approvals and anticipated in the fourth quarter of 2017.

Akin Gump corporate partner J. Kenneth Menges Jr. led the team advising Fresenius. He was joined by corporate counsel John Holland, antitrust partner Corey Roush, real estate senior practice attorney Ashley Todd and corporate associate Meagan Lanier.

Assistance was also provided by intellectual property senior counsel David Lee; employee benefits partner Robin Schachter; health senior counsel Gene Elder and Jo-Ellyn Sakowitz Klein and associate Daniel Graver; antitrust partner Paul Hewitt, senior practice attorney Stacy Kobrick and associate George Wolfe; tax partner Dan Micciche; and environment and natural resources partner David Quigley and senior counsel Andrew Oelz.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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