On April 15, 2025, the Trump Administration issued an Executive Order titled “Restoring Common Sense to Federal Procurement” that seeks to reform the Federal Acquisition Regulation (“FAR”) and agency-specific supplements to contain only those “provisions required by statute or essential to sound procurement.” Along with a supplemental fact sheet, the Executive Order states that “any FAR provisions that do not advance these objectives should be removed.” This overhaul of the FAR has been widely anticipated during the first few months of the Trump Administration, although its implementation is expected to be a multi-year process.
Despite Complexities, Healthcare PE Opportunities Abound, With Max Reiboldt
Max Reiboldt visits McGuireWoods partner and host Geoff Cockrell about the future of private equity in healthcare, particularly in provider services. Chairman of the Coker Group, a leading sell-side investment bank in healthcare transactions, Max is the lead author of “Private Equity in Healthcare, Leadership Economics and Trends for the Future.”
Tune in…
Europe Steps Up as U.S. Pauses FCPA Enforcement: What Companies Need to Know About the New International Anti-Corruption Taskforce
In a significant move signaling Europe’s growing autonomy in global anti-corruption enforcement, prosecutors from the United Kingdom, France, and Switzerland have formed a new cross-border alliance: the International Anti-Corruption Prosecutorial Taskforce. Announced on March 20, 2025 by the U.K.’s Serious Fraud Office (SFO), the taskforce is designed to deepen cooperation among these three countries on bribery and corruption investigations—at a time when the Trump Administration is reshaping the United States’ approach.
Healthcare & Life Sciences Private Equity Deal Tracker: Clearview Invests in Advantage Behavioral Health
Clearview Capital has announced the recapitalization of Advantage Behavioral Health.
Advantage, founded in 2017 and based in Laurel Springs, New Jersey, is mental health treatment provider operating in nine states. The company is focused on outpatient programs across various levels of care, delivering both in-person and telehealth services.
Clearview, founded in 1999 and…
Healthcare & Life Sciences Private Equity Deal Tracker: New Mountain Invests in Office Ally
New Mountain Capital has completed a growth investment in Office Ally, according to a news release.
Office Ally, founded in 2000 and based in Vancouver, Washington, is a healthcare technology company that offers cloud-based solutions for healthcare providers, partners and payers.
New Mountain, based in New York, is a growth-oriented investment firm.…
Fifth Circuit Concurrence Adds Voice to FCA Constitutionality Questions
By Timothy Fry
A first appellate circuit judge has questioned the False Claim Act’s constitutionality. In the Fifth Circuit’s decision last month in United States ex rel Montcrief v. Peripheral Vascular Assocs., P.A., No. 24-50176, — F. 4th –, 2025 WL 939890 (5th Cir. Mar. 28, 2025), Judge Stuart Kyle Duncan separately wrote a concurring opinion to express skepticism regarding the constitutionality of the qui tam provision of the False Claims Act. Adding to a decision issued by a Florida federal district court last fall, Judge Duncan said that the qui tam provision of the False Claims Act violates the Appointments Clause of the Constitution because it allows private citizens to exercise the power of the executive branch despite not being appointed or confirmed as an officer of the United States.
Linden Closes New Fund With $400 Million
By Trey Andrews
Linden Capital Partners has announced the close of a new fund.
The fund — Linden Structured Capital Fund II — closed with $400 million of commitments. It is focused on investing in middle market healthcare companies via securities with debt- and equity-like features.
Linden, based in Chicago, is a private equity firm focused exclusively on…
How Matt Stekier Drives Value Creation in Private Equity Healthcare Investments
McGuireWoods partner and host Geoff Cockrell, invites Matt Stekier, a principal at Plante Moran’s management consulting group, to discuss challenges in the medical devices and product sector.
Matt covers supply chain vulnerabilities, inventory management issues and post-acquisition integration. He explains how Plante Moran helps clients identify and mitigate these challenges, including through…
Healthcare & Life Sciences Private Equity Deal Tracker: Wellspring Acquires Summit Spine & Joint
Wellspring Capital Management has acquired Summit Spine & Joint Centers, according to a news release.
Summit, founded in 2014 and based in Lawrenceville, Georgia, is a provider of minimally invasive spine services in the southeastern United States. Summit manages and operates 17 ambulatory surgery centers and 44 clinics across Georgia, North Carolina, South Carolina and Tennessee.
FinCEN Narrows Focus on Southwest Border
In the last few weeks, the Financial Crimes Enforcement Network (FinCEN) has circulated several instructions focusing on money services businesses operating in the southwest United States, answering the current Administration’s call for increased security measures in that area.
On March 11, FinCEN issued a Geographic Targeting Order (GTO) adding more requirements to certain money services businesses (MSBs) operating along the southwest United States border in Texas and California. Federal law permits the Secretary of the Treasury to issue a GTO if he finds that additional measures are needed to properly comply with the Bank Secrecy Act. A GTO lasts 180 days, unless extended.