Notable litigation filed during December 2022 includes: (1) Eichler v. Vbit Technol. Corp;. (2) SEC v. Fernandez, et al.; (3) Vincent v. Barber, et al.; (4) O’Dowd v. Barber, et al.; (5) Nguyen v. Barber, et al.; (6) M. Manni v. Barber, et al.; (7) J. Manni v. Barber, et al.; and (8) Ames, et al. v. Nelson, et al.
Healthcare & Life Sciences Private Equity Deal Tracker: Seaport Capital Sells Linen King
Seaport Capital has sold Linen King to Healthcare Linen Services Group (HLSG), according to a news release.
Linen King, based in Tulsa, Okla., is a provider of healthcare laundry services in the south-central part of the United States.
Seaport Capital, based in New York, is a private equity firm in the lower…
Federal Trade Commission Proposes Rule to Bar Almost All Non-Compete Agreements in Contracts With Workers
On Jan. 5, the Federal Trade Commission proposed a sweeping rule that would bar almost all non-compete clauses in contracts with workers and in other agreements. A notice-and-comment period provides an opportunity for stakeholders to comment on the proposed rule. If adopted, the rule, which would not take effect for several months, would upend longstanding…
33 State Attorneys General Urge Federal Trade Commission to Take Action on Corporate Surveillance
A bi-partisan coalition of 33[1] state Attorneys General sent a comment letter[2] to the Federal Trade Commission (FTC) highlighting the risks to consumers from corporate surveillance and data collection. The November 17, 2022, letter was filed as part of the FTC’s Advanced Notice of Proposed Rulemaking on Commercial Surveillance and Data Security.[3]…
Healthcare & Life Sciences Private Equity Deal Tracker: Ascend Invests in Medical Specialists of the Palm Beaches
Ascend Capital Partners has completed an equity investment in Medical Specialists of the Palm Beaches (MSPB), according to a news release.
MSPB, based in Boynton Beach, Fla., is a primary care and multi-specialty provider serving South Florida. Founded in 1995, the organization states it has more than 85 providers in more than 25 locations…
Healthcare & Life Sciences Private Equity Deal Tracker: Sheridan Capital Invests in ADVI
Sheridan Capital Partners has invested in ADVI Health, according to a news release.
ADVI, founded in 2013 and based in Washington, D.C., is a healthcare commercial strategy and business development consulting firm.
Sheridan, based in Chicago, is healthcare-focused firm that concentrates on the lower middle market. Founded in 2012, the firm prefers…
How Sponsors Can Avoid Liability with Mark Freedlander
In this second episode of a two-part series, McGuireWoods partner Mark Freedlander returns to discuss the ways a sponsor company can find itself liable if its portfolio companies enter financial distress.
Join Mark and host Geoff Cockrell for insight on different situations a sponsor may encounter, the protection available to a sponsor who recognizes problems…
Healthcare & Life Sciences Private Equity Deal Tracker: Lorient and Martis Invest in Rise Health
Lorient Capital and Martis Capital have launched Rise Health through a growth equity investment, according to a news release.
Rise Health, founded in 2021 and based in Phoenix, Ariz., is a primary care technology platform.
Lorient Capital, based in Birmingham, Mich., is a private investment firm focused solely on healthcare. The firm seeks…
Healthcare & Life Sciences Private Equity Deal Tracker: 5th Century Acquires LSL Healthcare
5th Century Partners (5CP) has announced it has made a majority investment in LSL Healthcare.
LSL, founded in 1985 and based in Niles, Ill., is a manufacturer of single-use medical devices, IV start kits, surgical procedure kits and hospital supplies.
5CP, based in Chicago, focuses on middle market companies within the healthcare, consumer and…
Healthcare & Life Sciences Private Equity Deal Tracker: Avista Acquires Spear Education
Avista Capital Partners has announced it has acquired Spear Education.
Spear, based in Scottsdale, Ariz., is dental education provider. Founded in 2007, the company’s content includes on-demand videos, annual hands-on workshops and study club modules.
Avista, based in New York, makes control buyout investments in middle market healthcare companies. Founded in 2005, the…