We advised Availity on the investment

Davis Polk is advising Availity in connection with a strategic minority investment by Novo Holdings A/S. Financial terms of the transaction were not disclosed.

Through its electronic provider engagement, clearinghouse and revenue cycle management solutions, Availity provides a critical infrastructure that connects hospitals and physicians with health plans, while removing administrative burden and cost from the health care system. Novo Holdings is a leading health care and life sciences investor with a focus on creating long-term, sustainable value.

The Davis Polk corporate team includes partner Harold Birnbaum and associate Cameron Adamson. Partner William A. Curran and associate Danielle Rapaccioli are providing tax advice. Partner Pritesh P. Shah and associate Christopher C. Woller are providing intellectual property advice. Partner Kyoko Takahashi Lin and counsel Stephen I. Brecher are providing executive compensation advice. Partner John B. Reynolds III and counsel Joseph Kniaz are providing financial institutions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.