Debevoise & Plimpton LLP is advising Life and Specialty Ventures, L.L.C. in its strategic collaboration with Cambia Health Solutions (“Cambia”) to improve the medical-dental care and financial wellbeing of the people and families navigating care. Under the new partnership, Life and Specialty Ventures will acquire Cambia’s LifeMap ancillary insurance business, which will become part of the USAble Life brand. USAble Life will take on reinsurance and administrative responsibilities for Cambia’s Regence Dental products. Cambia will acquire an equity stake and board representation in Life and Specialty Ventures. Please see the company’s press release for more information.
Life and Specialty Ventures, L.L.C. provides health and specialty insurance services, including life, disability, dental and long-term care insurance. USAble Life brings the power of partnering to health plan owners and partners, businesses and their employees, and individual customers. Cambia Health Solutions is a family of companies working to create a person-focused and economically sustainable health care system.
The Debevoise team is led by insurance partner Drew Dutton and includes associates Brita Siepker and Katrina Kaczynski, benefits associate Charity Brunson Wyatt, and tax partner Michael Bolotin.