Bain Capital Private Equity has invested in CitiusTech, according to a news release.
CitiusTech, based in Princeton, N.J., is a provider of digital technology and consulting services to payer, provider, medical technology and life sciences companies. Founded in 2005, the company’s key focus areas include healthcare interoperability, data management, quality and performance analytics, value-based…
Cimarron Healthcare Capital and Tacoma Holdings have announced the recapitalization of Frontpoint Health.
Frontpoint is a home health and hospice platform focused primarily on servicing Medicare Advantage patients in the Texas market.
Cimarron, based in Salt Lake City, is a healthcare-focused private equity firm targeting investments in the lower middle market. Founded in 2015, the firm typically invests…
SEC v. JMJ Capital Group and Richard Lee Ramirez is a Securities Exchange Commission (“SEC”) enforcement action filed in the United States District Court for the Southern District of California on September 30, 2022. JMJ Capital Group (“JMJ”) is a California corporation and Richard Lee Ramirez (“Ramirez”) is the owner and sole operator of JMJ…
Veritas Capital has announced the closing of its latest fund, Veritas Capital Fund VIII, with $10.65 billion.
The fund was oversubscribed and exceeded its hard cap of $8.5 billion.
Veritas, based in New York, is a private equity firm that primarily targets technology or technology-enabled solutions for several sectors, including healthcare.
On October 13, 2022, the Board of Governors of the Federal Reserve System (“Board”) announced multiple enforcement actions against former employees of several financial institutions because the former employees made false statements to obtain economic injury disaster loans and grants from the U.S. Small Business Administration (“SBA”) or paycheck protection loans from SBA-approved lenders. The loans and grants were made available to small businesses who were suffering from the impact of COVID-19 and needed emergency financial assistance authorized by the Coronavirus Aid, Relief, and Economic Security (P.L. 116-136, the “CARES Act”).
NovaQuest Private Equity (NQPE) has invested in Bend Bioscience, according to a news release.
Bend Bioscience, based in Bend, Ore., is an early-phase contract development and manufacturing organization (CDMO). Founded in 2021, the company specializes in particle engineering, drug delivery, drug development and manufacturing to the pharmaceutical industry.
NQPE is a private equity…
The Consumer Financial Protection Bureau’s recent guidance on withholding transcripts from students with debts revealed that the CFPB is using a broad definition of “private education loan” that may apply to the practices of some not-for-profit schools. Additionally, while the CFPB characterized this practice as “abusive,” its analysis suggests that these practices may also be…
TPG Capital has completed its acquisition of ClaimsXten, Change Healthcare’s claims editing business, from UnitedHealth for $2.2 billion, according to news reports.
The sale of ClaimsXten follows UnitedHealth’s acquisition of Change Healthcare. This transaction was placed on hold after the U.S. Department of Justice sued to stop it. Last month, a federal judge ruled…
The Vistria Group has announced it has invested in Flores & Associates.
Flores, based in Charlotte, N.C., is a provider of benefit technology solutions and administrative services to employers throughout the United States. Founded in 1986, the company is an administrator of employer-sponsored reimbursement plans, including flexible spending accounts, health savings accounts and health reimbursement…
HCAP Partners has announced it and Baymark Partners have invested in DFW Neuropathy.
DFW Neuropathy, based in North Texas, is a neuropathy treatment company. Founded in 2010, the company specializes in combination electroanalgesia treatment intended to heal or reverse peripheral neuropathy.
HCAP Partners, based in San Diego, is a private equity firm that…
