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Covington Advises ClaimTrust, Inc. in Sale to Craneware PLC

March 15, 2011

NEW YORK, March 15, 2011 — Covington & Burling LLP advised ClaimTrust, Inc. in the company’s recent sale to Craneware PLC (AIM: CRW.L).

Craneware PLC is the market leader in automated revenue integrity solutions for the U.S. healthcare market. ClaimTrust, Inc. is a software-as-a-service revenue cycle technology provider to hospitals in the United States.

The Covington team based in New York and Washington, DC was led by corporate partner Philipp Tamussino. Also advising on the transaction were partner Scott Smith and associate Edward Tsai (M&A), partner Gregor Frizzell (U.K. corporate), partner Nigel Howard and associate Christopher Beals (intellectual property), partner Rob Heller and associate Rucia Pei (tax), partner Michael Francese (employee benefits) and of counsel Jennifer Plitsch (government contracts).

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