HealthEdge Investment Partners has announced it has sold The Columbus Organization to CareSource.
The Columbus Organization, based in Blue Bell, Pa., provides care/support coordination, professional clinical staffing and quality improvement services for the intellectual/developmental disability (I/DD) or behavioral needs community. The company serves more than 100,000 individuals across 13 states.
Bain Capital Private Equity has announced it will acquire a majority stake in InnovaCare Health.
InnovaCare, based in White Plains, N.Y., is a provider of integrated and value-based healthcare services. InnovaCare states that its integrated primary care provider network treats more than 250,000 patients annually, and the company also supports physicians who collectively serve…
Athenahealth has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion, according to a news release.
Athenahealth, based in Watertown, Mass., is a provider of cloud-based enterprise software solutions for medical groups and health systems.
Bain Capital Private Equity, based…
Geoff Winkler, as Receiver for Profit Connect Wealth Services, Inc. v. William Roshak, et al. was filed in the United States District Court for the District of Nevada on November 4, 2021 asserting claims for (1) fraudulent transfer; (2) unjust enrichment; (3) declaratory relief; and (4) attorneys’ fees and costs.
Plaintiff is the court-appointed receiver of Profit Connect Wealth Services, Inc. (“Profit Connect”) in an action titled Securities and Exchange Commission v. Profit Connect Wealth Services, Inc., et al., Case No. 21-cv-01298-JAD-BNW (D. Nev.) (the “SEC Action”). Plaintiff was appointed as the Receiver in that matter and granted broad authority to investigate claims and institute actions and legal proceedings on behalf of Profit Connect and its investors. This action is against Defendants William Roshak in his individual capacity and d/b/a/ William George Photography, Melissa Roshak, Tetiana Luzhanska, and Tina M. Leiss, in her sole capacity as the executive officer of the Public Employees’ Retirement System of Nevada (“PERS”).
Regal Healthcare Capital Partners (RHCP) has announced the closing of its third fund with $415 million of committed capital.
RHCP III exceeded its $325 million target.
Regal, based in New York, is a healthcare private equity firm focused exclusively on investments in healthcare services companies. Founded in 2018, the firm prefers to make equity investments of $20 million…
On November 4, 2021, the Department of Defense (DoD) announced significant changes to the strategic direction of the Cybersecurity Maturity Model Certification (CMMC) program. Specifically, DoD stated that the goal of these changes is to simplify the CMMC standard and prioritize the protection of certain types of controlled defense information. After a nine-month internal review by the Pentagon, DoD introduced CMMC 2.0, which clarifies contracting requirements, places greater emphasis on contractors that hold sensitive information, and suggests that the agency seeks to reinforce cooperation between DoD and industry in addressing evolving cyber threats. The CMMC program changes condense the number of security tiers, allow contractors who do not hold Controlled Unclassified Information (CUI) to perform annual self-assessments, and permit remediation plans (known generally as Plans of Action and Milestones (or POA&Ms)) and waivers in limited circumstances. However, a number of mandatory controls may not be subject to a POA&M prior to award, notwithstanding that other controls may be remediated within a clearly identified timeline.
On Nov. 4, the Department of Defense announced significant changes to the Cybersecurity Maturity Model Certification program, intended to simplify the certification standard and prioritize protection of certain types of controlled defense information.
Read on for an overview of the changes, a timeline for their implementation and implications for defense contractors.
Cressey & Co. has completed a growth investment in Trella Health, according to a news release.
Trella Health, based in Atlanta, provides market intelligence to direct contracting entities, accountable care organizations, healthcare networks and post-acute care providers.
Cressey, with offices in Chicago and Nashville, seeks control and minority equity investments exclusively in…
Securities and Exchange Commission v. Swapnil J. Rege and SwapStar Capital, LLC was filed in the U.S. District Court for the District of New Jersey on October 26, 2021, claiming the defendants violated the Investment Advisors Act by engaging in fraudulent or deceptive conduct upon an advisory client and charging Rege with violating a 2019 SEC Order barring him from associating with an investment adviser.
Lightyear Capital has announced it has closed its fifth flagship private equity fund, Lightyear Fund V, with approximately $1.6 billion in capital commitments.
The firm indicated that this figure is 25% larger than the $1.25 billion target and more than 60% larger than the $957 million raised in Lightyear Fund IV.
Lightyear, based in…
