Last week, Merck & Co. filed documents with the Supreme Court of New Jersey indicating that it reached a settlement with its “all risk” property insurers in a long-running coverage dispute involving over $1.4 billion in losses stemming from a 2017 NotPetya cyberattack that impacted tens of thousands of Merck computers. The coverage litigation, Merck
February 2024
Leavitt Equity Partners Closes Healthcare Fund With $180 Million
Leavitt Equity Partners (LEP) has announced it has closed its third fund with more than $180 million.
The new fund, LEP III, surpassed the firm’s target of $150 million.
LEP, based in Salt Lake City, is a healthcare-focused PE firm. Founded in 2014, the firm manages more than $400 million in capital.
Drivers and Forecast for Private Equity Investing in the Dental Arena, With Karan Garg of Solomon Partners
All sectors of the healthcare market are experiencing investments and growth. Dental and specialty dental practices are part of this growing trend.
In this episode of The Corner Series, McGuireWoods partner Geoff Cockrell speaks with Karan Garg, a partner and head of healthcare services at Solomon Partners, a leading financial advisory…
Merck Cyberattack Settlement Renews Spotlight on War Exclusions in 2024
Last week, Merck & Co. filed documents with the Supreme Court of New Jersey indicating that it reached a settlement with its “all risk” property insurers in a long-running coverage dispute involving over $1.4 billion in losses stemming from a 2017 NotPetya cyberattack that impacted tens of thousands of Merck computers. Read on for analysis…
Healthcare & Life Sciences Private Equity Deal Tracker: RoundTable Invests in EHOB
RoundTable Healthcare Partners has announced it has invested in EHOB.
EHOB, founded in 1985 and based in Indianapolis, specializes in the development of pressure injury prevention and patient positioning solutions.
RoundTable, based in Lake Forest, Ill., is an operating-oriented private equity firm focused exclusively on the healthcare industry. Founded in 2001, the firm…
Healthcare & Life Sciences Private Equity Deal Tracker: Renovus Invests in Behavioral Framework
Renovus Capital Partners has announced it has invested in Behavioral Framework.
Behavioral Framework, founded in 2017 and based in Rockville, Md., is a provider of applied behavior analysis therapy for children diagnosed with autism spectrum disorder. Behavioral Framework serves children and families across Maryland, Virginia and Washington DC.
Renovus, based in Philadelphia, is a…
Notable Litigation – December 2023
Notable litigation filed during December 2023 includes: (1) Wells, et al. v. Edisto River Investors, LLC, et al.; (2) Dagan, et al. v. Greenfield, et al.; (3) SEC v. Agridime LLC, et al.; and (4) Barnett, et al. v. Bey, et al.…
Healthcare & Life Sciences Private Equity Deal Tracker: HCAP Invests in Apprio
HCAP Partners has announced an investment in Apprio.
Apprio, founded in 1998 and based in Washington, D.C., provides healthcare technology solutions and services with a focus on automized solutions to hospitals and health systems.
HCAP Partners, based in San Diego, is a private equity firm that provides growth capital to lower middle market…
1st Circuit Rejects Convicted Former Medical Device Executives’ Off-Label “Free Speech” Theory
A federal appeals court recently upheld misdemeanor convictions of two former Acclarent Inc. executives for commercially distributing an adulterated and misbranded medical device by misleading the U.S. Food and Drug Administration regarding the device’s intended use.
Read on for details about the decision, which rejected claims that their off-label promotion amounted to constitutionally protected commercial…
Healthcare & Life Sciences Private Equity Deal Tracker: Vesey Recaps Inceptua Group
Vesey Street Capital Partners (VSCP) has announced the completion of a majority recapitalization of Inceptua Group.
Inceptua, founded in 1997 and with its U.S. office in Princeton, N.J., is provider of clinical trial supplies and related services.
VSCP, based in New York, is private equity firm that specializes in buyouts of lower middle…