In the premier episode of The Professor’s Corner, McGuireWoods partner and host Geoff Cockrell is joined by McGuireWoods partner and complex corporate healthcare litigator David Pivnick. They discuss a whistleblower case in Massachusetts that challenged the widely accepted notion that private equity investors are insulated from risk beyond the scope of their financial investment.
Healthcare & Life Sciences Private Equity Deal Tracker: Grovecourt Acquires Premier Radiology
Grovecourt Capital Partners has announced it has acquired Premier Radiology Services.
Premier, based in Miami, is a provider of teleradiology services. Founded in 2006, Premier has a network of about 100 radiologists who support mobile imaging providers, occupational health centers, urgent care providers and outpatient clinics.
Grovecourt, based in West Palm Beach, Fla.,…
Healthcare & Life Sciences Private Equity Deal Tracker: DWHP Invests in LKC Technologies
DW Healthcare Partners (DWHP) has announced it has completed an investment in LKC Technologies.
LKC, based in Gaithersburg, Md., is a manufacturer of electrophysiology testing devices. Founded in 1975, the company’s flagship product is RETeval, a handheld electroretinography and visual evoked potential device used to aid in the diagnosis and management of retina and…
Investing Beyond Capital – Finding the Right Partnership Fit
On episode one of The Capital Corner, McGuireWoods partner Geoff Cockrell talks to Seven Hills Capital founding partner Matt Pettit about investing in the small to mid-sized healthcare market. As a former CEO of a dermatology practice management company who now leads a firm focused on first-round institutional capital investment, Matt speaks from experience on…
Minnesota Also Adopts Mandatory Reporting of Healthcare Transactions; Illinois Poised to Follow
On May 26, 2023, Minnesota Gov. Tim Walz signed legislation requiring pre-close notification for qualifying healthcare transactions, making Minnesota the latest in a rapidly growing number of states with such requirements. Also in May, the Illinois state legislature enacted a statute that, if signed by Gov. J.B. Pritzker as expected, would require pre-close review of…
Supreme Court Clarifies the False Claims Act’s Knowledge Requirement, Eliminating a Potential Defense for Government Contractors and Healthcare Providers Accused of Fraud
On June 1, 2023, the Supreme Court unanimously ruled in favor of whistleblower plaintiffs (referred to as “relators”) in consolidated False Claims Act (“FCA”) cases in a decision that clarified the application of the FCA’s knowledge requirement. In United States ex rel. Schutte v. SuperValu Inc., the Court held that the FCA reaches defendants…
Notable Litigation – May 2023
Notable litigation filed during May 2023 includes: (1) SEC v. Bartlett; (2) SEC v. Griffin; (3) Warrow v. Turnipseede; and (4) Commodity Future Trading Commission v. Galles.
SEC v. Bartlett, Case No. 8:23-cv-00765 (C.D. Cal.)
The SEC filed suit against defendant schemers in California federal court for an alleged scheme…
Women in PE to Know: Farrah Holder
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. We are hopeful that this series will serve to inspire other women to pursue their…
A View From the Top: Bill Drehkoff of Heart & Vascular Partners
The interview below is part of a McGuireWoods series featuring interviews with C-suite leadership of private equity-backed portfolio companies. To recommend a leader for a future interview, email Holly Buckley at hbuckley@mcguirewoods.com or Tim Fry at tfry@mcguirewoods.com.
Bill Drehkoff is the chief executive officer of Heart & Vascular Partners (HVP), a management services organization…
Healthcare & Life Sciences Private Equity Deal Tracker: Trinity Hunt Acquires Centricity Research
Trinity Hunt Partners has announced it has made a majority investment in Centricity Research.
Centricity, with its U.S. headquarters in Columbus, Ga., is clinical research services provider. Founded in 2007, the company specializes in conducting Phase I-IV clinical trials across more than 40 therapeutic areas
Trinity Hunt, based in Dallas, is a growth-oriented…