Notable litigation filed during August 2023 includes: (1) SEC v. Rocha; (2) Legum v. Garfinkel, et al.; and (3) SEC v. Conn. Jr.
Healthcare & Life Sciences Private Equity Deal Tracker: Thoma Bravo to Acquire NextGen
Thoma Bravo will acquire NextGen Healthcare, according to a news release.
NextGen, founded in 1994 and based in Atlanta, is a provider of healthcare software services.
Thoma Bravo agreed to pay $23.95 for each NextGen share in a transaction valued at approximately $1.8 billion. Upon completion of the transaction, NextGen will become a…
CMS Increases Oversight and Scrutiny of Hospices
In its continued effort to curb fraud and abuse in the hospice industry, on Aug. 22, 2023, the Centers for Medicare & Medicaid Services (CMS) announced it was making unannounced site visits to every Medicare-enrolled hospice nationwide.
The goal of the site visits was to ensure that each hospice was active and operational at the…
Healthcare & Life Sciences Private Equity Deal Tracker: FFL Invests in Johnson County Clin-Trials
FFL Partners has announced it has completed a growth investment in Johnson County Clin-Trials (JCCT).
JCCT, based in Lenexa, Kan., is a clinical research site platform serving pharmaceutical and biotechnology companies and contract research organizations. Founded in 2005, JCCT specializes in phase I–IV outpatient and inpatient clinical trials.
FFL, based in San Francisco,…
Healthcare & Life Sciences Private Equity Deal Tracker: L Catterton Acquires Thorne HealthTech
L Catterton has acquired Thorne HealthTech, according to a news release.
Thorne, founded in 1984 and based in New York, is a provider of at-home health tests and nutritional supplements.
L Catterton is paying $10.20 per share to acquire all outstanding shares of Thorne common stock in a transaction valued at approximately $680 million. Upon…
Healthcare & Life Sciences Private Equity Deal Tracker: TPG to Acquire Crowe
TPG has announced it will acquire a majority stake in Crowe Healthcare Consulting from Crowe LLP.
Crowe LLP, with its corporate headquarters in Chicago, is a global public accounting, consulting and technology firm.
Following completion of the transaction, Crowe Healthcare Consulting will be rebranded as Kodiak Solutions. Crowe LLP will retain a minority ownership…
Improving Cancer Care With Digital Health Tools
Jessica Thurmond and Monica Schmiede, co-CEOs and co-founders of Athelo Health — the first biometric-anchored virtual coach for women with breast and gynecologic cancers — join McGuireWoods partner Kristen McDermott Woodrum on this episode of Health+Tech. They discuss Athelo Health’s mission, how Athelo Health uses biometric data to support patients, and the role of…
Notable Litigation – July 2023
Notable litigation filed during July 2023 includes: (1) O’Keefe v. Multicoin Cap. Mgmt. LLC; (2) Bledsoe v. Order of Magnitude Ventures LLC; (3) O’Keefe v. Farmington State Bank; and (4) SEC v. Tadrus.
Massachusetts Attorney General Increasing Enforcement in Car Repossession Space
The Massachusetts Attorney General (AG) is increasing its enforcement in the motor-vehicle-repossession space. In a January 17, 2023 Assurance of Discontinuance (AOD), the AG stated that it is “conducting an investigation” into “entities collecting, servicing and/or funding” motor-vehicle-secured retail-installment contracts. The AG is focused on two primary areas of compliance:
- the content of the pre-sale and post-sale repossession notices and, in particular, that the notices include a statement that a customer’s deficiency after auctioning their vehicle would be based on the vehicle’s fair-market value; and
- the frequency of phone calls to debtors and whether those calls exceed the limits prescribed by 940 CMR 7.04(1)(f).
Upcoming McGuireWoods Healthcare & Life Sciences Events to Know
McGuireWoods is hosting three upcoming healthcare and life sciences events you will want to know about and attend. Click on the event title to learn more and register.
Women’s Health: Regulatory Updates and Key TopicsThis complimentary webinar, scheduled for Wednesday, August 30, will be presented by Kayla McCann Marty and Sydney Menack. They will…