Today, large swaths of the globe stand at the brink of political violence and armed conflict with some areas in active warfare. Russia’s ongoing war in Ukraine, Israel’s armed conflicts against Hamas in Gaza and Hezbollah in Lebanon, and the simmering tensions regarding China’s territorial claim to Taiwan and other disputed territories in the South China Sea are just a few international conflicts that grab daily international headlines. Turmoil in the global markets stemming from the imposition of tariffs between the U.S. and some its trading partners has raised concerns of a global recession that could further destabilize governments and currency in emerging markets. But in this period of uncertainty in the international order, companies with substantial international investments or operations may face increased risks of expropriation, currency instability and political violence in jurisdictions previously thought stable. Indeed, insurance company Allianz considers about 100 countries to be at “high or extreme risk of civil unrest.”
LLR Closes New Fund With $2.45 Billion
LLR Partners has announced the close of a new fund.
The fund — LLR Equity Partners VII — closed at $2.45 billion.
LLR, founded in 1999 and based in Philadelphia, makes majority and minority investments in lower middle market technology and healthcare businesses. Within healthcare, the firm pursues investments in healthcare IT, outsourced healthcare…
Healthcare & Life Sciences Private Equity Deal Tracker: New Mountain Invests in SmarterDx
By Trey Andrews
New Mountain Capital has completed a strategic investment in SmarterDx, according to a news release.
SmarterDx, founded in 2020 and based in New York, develops clinical artificial intelligence focused on revenue integrity and care quality.
New Mountain, based in New York, is a growth-oriented investment firm. Founded in 1999, the firm manages private…
DOJ Targets Neurofeedback Billing in $15 Million Behavioral Health Fraud Case
On March 6, 2025, federal prosecutors charged a Minnesota couple with orchestrating a $15 million healthcare fraud scheme involving overbilling and submission of false claims for neurofeedback and other behavioral health services performed by a network of behavioral health clinics. This newly unsealed federal indictment underscores the Department of Justice’s increasing focus on fraud involving…
Has the Reset Really Hurt Healthcare M&A? With Diwakar Sinha
Pointing to renewed optimism in healthcare transactions, Diwakar Sinha suggests that “2025 looks very promising and should be a very successful year in the M&A space.” As founder and CEO of Polaris Healthcare Partners, Diwakar shares insights on the current landscape in which regional platforms with $2 to $5 million EBITDA are increasingly coming…
Healthcare & Life Sciences Private Equity Deal Tracker: Ampersand Invests in Lexington Medical
Ampersand Capital Partners has invested in Lexington Medical, according to a news release.
Lexington, founded in 2013 and based in Bedford, Massachusetts, is a developer of surgical stapling solutions.
Ampersand, founded in 1988 and based in Wellesley, Massachusetts, is a middle market private equity firm with a focus on growth equity investments in…
Linden Closes New Fund With $5.4 Billion
Linden Capital Partners has announced the close of a new buyout fund.
The fund — Linden Capital Partners VI — is the firm’s sixth buyout fund. It closed with $5.4 billion of commitments, surpassing its $4.5 billion target and initial $5 billion hard cap.
Linden, based in Chicago, is a private equity firm focused exclusively…
Another Fintech Company Acquires a National Bank Charter through Merger
On March 17, 2025, the Office of the Comptroller of the Currency (OCC) announced that it conditionally approved a fintech business model for CenTrust Bank, N.A.’s (“CenTrust”), an Illinois based community bank chartered by the OCC.[1] CenTrust was acquired by SmartBiz Loans, which is a fintech company that provides an online platform to connect small business owners with lenders providing Small Business Administration (“SBA”) loans. Following the acquisition, CenTrust applied to change its business model to incorporate the SmartBiz Loans’ business model of providing SBA loans nationwide.
Healthcare & Life Sciences Private Equity Deal Tracker: Revelstoke Invests in AOM Infusion
By Trey Andrews
Revelstoke Capital Partners has announced a recapitalization of AOM Infusion.
AOM, founded in 1994 and based in Fort Worth, Texas, is a specialty infusion provider focused on chronic therapy management.
Revelstoke, founded in 2013 and based in Denver, focuses on investing in the healthcare and related business services sectors. The firm typically commits…
Restoring Common Sense to Federal Procurement – The White House
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.