In 2021, the Health Information Technology for Economic and Clinical Health Act (HITECH) was amended to add “recognized cybersecurity practices” as a mitigating factor when determining fines, audits and remedies against covered entities and business associates for violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The Department of Health and Human…

An affiliate of EW Healthcare Partners will acquire TherapeuticsMD, according to a news release.

TherapeuticsMD, based in Boca Raton, Fla., and traded on the NASDAQ under TXMD, develops and commercializes products exclusively for women. Founded in 1907, the company’s products have a therapeutic focus in family planning, reproductive health and menopause management.

EW…

On May 25, the Federal Trade Commission announced that it, along with the Department of Justice, fined Twitter $150 million for violating a 2011 agreement with the FTC in which Twitter promised to protect the integrity of nonpublic consumer information, including users’ phone numbers and email addresses.

Read on for details about the alleged violations…

On May 25, 2022, the Federal Trade Commission (FTC) announced that it, along with the Department of Justice, fined Twitter $150 million for violating a 2011 agreement the company had with the Commission. Under the 2011 FTC order, Twitter agreed that it would protect the integrity of nonpublic consumer information, including users’ phone numbers and email addresses. According to federal investigators, Twitter broke this promise.

On May 26, three days into her term as Vice Chair of the Federal Reserve, Lael Brainard testified about the Federal Reserve’s Examination of the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC) before the House Committee on Financial Services.  Vice Chair Brainard’s comments reinforced many of the themes from the Fed’s January 2022 discussion paper [1], echoing the need for “clear regulatory guardrails to provide consumer and investor protection” in the rapidly developing digital assets markets while the Federal Reserve considers whether future conditions may give rise to the need for the United States to adopt a CBDC.

Enhanced Healthcare Partners (EHP) had announced it has completed a strategic investment in Howard J. Chudler & Associates (HCA).

HCA, based in Covina, Calif., and founded in 1983, is a behavioral therapy services provider for people with autism and intellectual and developmental disabilities (IDD).

EHP, with offices in New York and Salt Lake…

Pharos Capital Group has announced it has made an investment in Sanderling Renal Services.

Sanderling, based in Nashville, is a provider of dialysis and renal telemedicine services. The company, which was founded in 2012, provides in-center and home-based dialysis out of 14 clinics in six states, with a focus on communities with limited access…

Frontline Healthcare Partners has announced a recapitalization and growth investment in JoyBridge Kids.

JoyBridge, based in Mt. Juliet, Tenn., is a clinic-based applied behavior analysis therapy provider with supplemental services in speech and occupational therapy. Founded in 2020, the company has a location in Mt. Juliet with plans to open additional locations.

Frontline,…