Ampersand Capital Partners has completed an investment in Sterling Medical Devices, according to a news release.
Sterling, based in Moonachie, N.J., is a provider of electromechanical and software solutions for the medical device industry. Founded in 1998, the company assists healthcare companies in bringing to market medical device software and hardware, mechanical equipment, and…
For a corporation receiving a grand jury subpoena, the most difficult (and expensive) part of a U.S. Department of Justice (DOJ) inquiry is often sifting through corporate data to find relevant material. That is proving to be increasingly burdensome to prosecutors as well—not just because it costs DOJ time and resources to review extensive data productions, but also because it can be a minefield for prosecutors trying to navigate disclosure requirements. A recent article from Bloomberg Law indicates DOJ is reconsidering how much electronic evidence it will collect going forward. This could bring relief to companies involved in federal inquiries, but could also mean DOJ will lean even more on companies to build its cases.
Levine Leichtman Capital Partners (LLCP) has announced it has acquired Technical Safety Services (TSS).
TSS, based in La Jolla, Calif., is a provider of testing, inspection, certification and calibration (TICC) services to customers in biotechnology, pharmaceutical, medical device and other facilities. Founded in 1970, the company supports organizations throughout North America and around the…
In several states, an insured that prevails in a coverage dispute against its insurer is entitled to statutory “penalty interest” added to the amount owed by the insurer. A June 8, 2022 decision from the United States District Court for the Western District of Michigan illustrates the importance of meeting the “proof of loss” requirements…
Frazier Healthcare Partners has agreed to sell Parata Systems to BD for $1.525 billion, according to a news release.
Parata, based in Durham, N.C., is a provider of pharmacy technology solutions. Founded in 2006, the company offers a range of services, including medication adherence packaging technology and inventory management for long-term care, hospital, retail and…
Linden Capital Partners has announced it will make a majority investment in Aspirion.
Aspirion, based in Columbus, Ga., is a full-service revenue cycle management company. Founded in 2006, the company specializes in motor vehicle accident, third-party liability, workers’ compensation, Veterans Administration, out-of-state Medicaid, and Medicaid eligibility and enrollment claims.
Linden, based in Chicago,…
Sverica Capital Management has announced it has completed a strategic investment in SG Homecare.
SG Homecare, based in Tustin, Calif., and founded in 2001, is a provider of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) to home-based patients throughout California.
Sverica, with offices in Boston and San Francisco, pursues entrepreneur-operated businesses in the…
Ampersand Capital Partners has completed an investment in AnaBios Corp., according to a news release.
AnaBios, based in San Diego, is preclinical contract research organization. Founded in 2009, the company’s research focuses primarily on areas including cardiac disease and safety, pain, polycystic kidney disease and neurodegeneration.
Ampersand, based in Wellesley, Mass., is…
Northlane Capital Partners has announced it has invested in SAI MedPartners.
SAI, based in Reading, Pa., is a consultancy providing guidance and analytics to the pharmaceutical, biotechnology and medical device industries. Founded in 1978, the company has offices across the Americas, Europe, India and Asia.
NCP, based in Bethesda, Md., is a middle…
RoundTable Healthcare Partners has announced it has completed a majority investment into Polymedco.
Polymedco, based in Cortlandt Manor, N.Y., is a marketer and distributor of diagnostic tests primarily used for colorectal cancer screening and the diagnosis of cardiac conditions. Founded in 1980, the company’s products are sold to distributors, hospital systems, payors and laboratories…
