Veritas Capital has acquired Coronis Health, according to Axios.
Coronis, based in Sykesville, Md., is a healthcare revenue cycle management company. Founded in 2015, the company plays across several industries, including pathology, behavioral health, hospitals, surgery centers and primary care and specialty physicians.
Veritas, based in New York, is a private equity…
The Assistant Attorney General and head of the Department of Justice’s Criminal Division recently sat for an interview with the Wall Street Journal where he provided important insight into the Department’s increased focus on corporate compliance.
Drawing on his experience in the U.S. Attorney’s office and as the Chief Compliance Officer at a Fortune 500 company, Polite described the importance of “prevention” and why investment in the preventative aspects of corporate compliance programs will be crucial to the Department’s overall efforts to fight corporate misconduct. Recognizing the Department is well situated to expand on its current policies, the Assistant Attorney General underscored the realities and need for a wider approach in halting future violations: “Even if we tried to prosecute every instance of corporate wrongdoing that we can possibly achieve, it still wouldn’t be enough…. We have to invest in prevention as a department, and, frankly, as a society.”
Conlan v. Alternative Asset Management Acquisition Corp. was filed in the United States District Court for the District of Colorado on June 14, 2022, claiming Defendants illegally profited from violations of securities laws. The complaint seeks to avoid multiple actual and constructive fraudulent transfers.
Plaintiff is court-appointed substitute receiver Mark Conlan (the “Receiver”), serving as representative and fiduciary of the creditors of the defendants named in the action brought by the Securities and Exchange Commission (“SEC”) captioned United States Securities and Exchange Commission v. Mediatrix Capital Inc., et al., No. 1:19-cv-02594-RM-SKC (the “SEC Action”). Defendants Alternative Asset Management Acquisition Corp., Autumn Gold Service, Crown Financial Services, Crown Private Limited, Marta Nystrom, Mercury Alternative Fund, Patricia Velcich, Phenom Ventures, Ritossa Investment Holding Ltd., and Y Man Investments are brokers that allegedly received funds in connection with the foreign currency trading scheme at issue in the SEC Action.
The SEC Action names individuals Michael A. Young, Michael S. Stewart, and Bryant E. Sewall and entities Mediatrix Capital Inc. (“Mediatrix”), Blue Isle Markets Inc., and Blue Isle Markets Ltd. (collectively, the “Receivership Defendants”).
TA Associates will make a growth investment in Intelerad, according to a news release.
Intelerad, with its U.S. headquarters in Raleigh, N.C., is a provider of enterprise medical imaging solutions. Founded in 1999, provides software and enterprise workflow solutions to healthcare providers worldwide, including radiology groups, outpatient imaging centers, hospitals and healthcare systems.…
On July 8, 2022, the U.S. Department of Justice announced a $9 million
settlement with federal government contractor Aerojet Rocketdyne, Inc. for
alleged violations of the False Claims Act in a case pending in the Eastern
District of California. The settlement results from alleged false
statements by Aerojet related to compliance with Department of Defense…
Heritage Group has invested in TwelveStone Health Partners, according to a news release.
TwelveStone, based in Murfreesboro, Tenn., is a provider of comprehensive chronic care medication services. Launched in 2016, the company’s offerings include ambulatory infusion, home infusion and packaged medication delivery.
Heritage Group, based in Nashville, Tenn., makes control and minority…
The Centers for Medicare & Medicaid Services recently announced an opportunity for public comment on its voluntary self-referral disclosure protocol (SRDP). The voluntary SRDP is a way to resolve technical violations under the physician self-referral law (commonly known as the Stark Law) by submitting information to CMS about prohibited conduct. During this period, CMS is…
The federal wire fraud statute has a far-reaching scope, allowing prosecutors to go after conduct as varied as investor fraud to college admissions scandals. In late June, the Fourth Circuit U.S. Court of Appeals arguably broadened that scope even further by affirming a wire fraud conviction for a defendant who devised the scheme from Israel. Although the statute only applies domestically, the Fourth Circuit held that a foreign defendant can be convicted of wire fraud as long as U.S. wires were used to transmit the fraudulent messages.
Norwest Equity Partners (NEP) has announced it has completed an investment in QTI Fibers.
QTI, based in Colfax, N.C., is a designer and manufacturer of technical fibers, fabrics and coatings for healthcare and other applications. Founded in 1922, QTI is comprised of three brands: Twitchell Technical Products, Quantum Materials and Infinity Woven Products.
DOJ’s dismissal last week of a Foreign Corrupt Practices Act case in Boston is the latest in a string of bad outcomes for the government due to discovery mishaps. While the government works to revise its discovery policies and seek resources to collect, review, and analyze the vast amount of electronic evidence attendant to nearly every federal criminal investigation, defense counsel should hold the government to account and formally demand discovery early and often.
