McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity and finance. We are hopeful that this series will serve to inspire other women to
Healthcare & Life Sciences Private Equity Deal Tracker: Cook Medical to Sell Reproductive Health Business to Astorg
Cook Medical has announced its intention to sell the company’s reproductive health business — Cook ART — to Astorg.
Cook Medical, founded in 1963 and based in Bloomington, Indiana, invents, manufactures and delivers a portfolio of medical devices to healthcare systems worldwide. The company indicated it has been involved in the reproductive health space…
Healthcare & Life Sciences Private Equity Deal Tracker: Lumerity Acquires Ellit Groups
By Trey Andrews
Lumerity Capital has acquired Ellit Groups, according to a news release and industry reports.
Ellit, founded in 2019 and with offices in New York, San Diego and Houston, is a healthcare information technology (IT) consulting firm.
Lumerity, founded in 2014 and based in Sunny Isles Beach, Florida, is a private equity firm focused…
Healthcare & Life Sciences Private Equity Deal Tracker: Hamilton Lane Acquires Stake in Avista-Backed Cosette Pharmaceuticals
Hamilton Lane has acquired a significant equity interest in Cosette Pharmaceuticals from Avista Capital Partners and its co-investors, according to a news release.
Avista and Hamilton Lane will jointly control Cosette going forward.
Cosette, founded in 2019 and based in South Plainfield, New Jersey, is an integrated pharmaceutical company with a portfolio of…
HR, Accounting, Finance and AI in Medical Practices, With Erik Miller of MedHQ
The back office of a medical practice is like the offensive line on a football team: It does the job no one else wants to do.
On this episode of The Corner Series, host Geoff Cockrell is joined by MedHQ President Erik Miller to discuss how outside back-office support for areas such as…
Healthcare & Life Sciences Private Equity Deal Tracker: SAIGroup Acquires Get Well
SAIGroup has announced it has acquired Get Well.
Get Well, founded in 2000 and based in Bethesda, Maryland, is a provider of patient engagement technology and services.
SAIGroup, founded in 2017 and based in Palo Alto, California, is a private equity firm focused on acquiring and growing enterprise artificial intelligence companies that operate in…
Healthcare & Life Sciences Private Equity Deal Tracker: FFL Invests in Medicus IT
FFL Partners has announced it has invested in Medicus IT.
Medicus, founded in 2004 and based in Alpharetta, Georgia, is a healthcare-focused IT managed services provider.
FFL, based in San Francisco, invests in middle market companies within healthcare and business services. Founded in 1997, the firm generally commits $50 million to $200 million…
Avesi Closes Fund With $1.35 Billion
By Trey Andrews
Avesi Partners has announced the closing of a new fund at $1.35 billion.
The fund, Avesi Partners Fund II, was oversubscribed and closed at its hard cap.
Avesi, based in Stamford, Conn., is a private equity firm focused on healthcare services, healthcare technology and business services. Founded in 2021, the firm generally targets lower middle…
Lee Equity Closes Fund With $1.3 Billion
Lee Equity Partners has announced the closing of a new fund with total capital commitments of approximately $1.3 billion.
The fund, Lee Equity Partners Fund IV, was oversubscribed and exceeded its $1.0 billion target.
The fund will be used to continue Lee Equity’s strategy of investing in companies in healthcare and financial services.
Lee Equity is a…
Supreme Court Holds That SEC Must Seek Civil Penalties in Federal Court
In SEC v. Jarkesy, No. 22-859, 603 U.S. __ (2024), the Supreme Court held that the Seventh Amendment prohibits the Securities and Exchange Commission (SEC or Commission) from seeking civil penalties in certain enforcement actions when the Commission chooses to proceed in-house before its own administrative law judges (ALJs), rather than in federal court. In a 6-3 opinion written by Chief Justice Roberts, the Court held that the Seventh Amendment requires, at a minimum, that any fraud action involving civil penalties be tried in front of a jury in federal court. The Court’s decision will have immediate implications for the SEC’s enforcement program and will likely have broader implications for administrative adjudications for a host of federal agencies and federal laws.