Pharos Capital Group has announced it has sold its majority stake in MOTION PT Group to Confluent Health.
MOTION, based in New York, is a physical therapy, occupational therapy and speech therapy company. Founded in 2015, the company has nearly 60 clinic locations in Connecticut, Maryland, Massachusetts and New York.
Pharos, with offices…
On January 13, 2023, the Supreme Court granted a writ of certiorari to petitioners in two False Claims Act cases to determine whether the False Claims Act’s knowledge requirement reaches defendants who can offer an “objectively reasonable” interpretation of an ambiguous legal or contractual requirement material to government payment. The Court’s decision will likely be one of the most significant FCA decisions in decades, and it will have important implications for government contractors and healthcare providers whose businesses require compliance with complex and sometimes opaque regulatory regimes.
On Jan. 13, the U.S. Supreme Court granted a writ of certiorari to petitioners in two False Claims Act cases to determine whether the law’s knowledge requirement reaches defendants who can offer an “objectively reasonable” interpretation of an ambiguous legal or contractual requirement material to government payment.
Read on for details about this case, likely…
Goldman Sachs Group has closed a $5.2 billion private equity growth fund, according to a Reuters report.
Through its new West Street Global Growth Partners fund, the investment bank plans to invest an average of $50 million to acquire minority stakes in businesses in the early or middle stages of their growth.
The…
Welsh, Carson, Anderson & Stowe (WCAS) has completed a strategic growth investment in ImageTrend, according to a news release.
ImageTrend, based in Lakeville, Minn., is a software solutions and services provider in the healthcare and public safety industries. Founded in 1998, the company supports organizations that include those working in critical care, hospitals…
Amulet Capital Partners has announced it has acquired Eruptr.
Eruptr, based in Bradenton, Fla., is a healthcare digital marketing firm. Founded in 2009, the company offers a suite of solutions for hospitals.
Amulet, based in Greenwich, Conn., is a middle market private equity investment firm focused exclusively on the healthcare sector. Founded in…
Notable litigation filed during January 2023 includes: (1) SEC v. Engel; (2) Firestone, et al. v. Residential Properties Resources Fund II, LLC, et al.; (3) Ellusionist Cash Balance Plan and Trust, et al. v. Spiegel Accountancy Corp., et al.; and (4) SEC v. Ellison-Meade.
SEC v. Engel, Civ. No. 2:23-cv-00213-PA-JPR…
LLR Partners has completed a growth capital investment in Viventium, according to a news release.
Viventium, based in Berkeley Heights, N.J., provides payroll, human resources and other solutions for healthcare providers. Founded in 1991, the company largely serves home care agencies and skilled nursing facilities.
LLR, based in Philadelphia and founded in…
Thompson Street Capital Partners (TSCP) has announced it has completed a growth investment in Sabai Global.
Sabai, based in Chesterfield, Mo., is a provider of regulatory review and biosafety consulting services. Founded in 2018, the company provides services to pharmaceutical sponsors, clinical research organizations, academic health systems and clinical research site networks.
TSCP,…
The Supreme Court of Illinois relied on legislative intent, policy concerns and precedents to hold that all Biometric Information Privacy Act claims are subject to a five-year statute of limitations. Read on to learn more about the Tims v. Black Horse Carriers, Inc. opinion and how it may impact businesses and their BIPA decisions going
