On April 22, 2022, the U.S. Department of Health and Human Services Office of Inspector General (OIG) issued a favorable advisory opinion (no. 22-08) (the “Advisory Opinion”) approving a healthcare organization loaning smartphones to promote telehealth care that it provides to underserved populations. The Advisory Opinion provides context for healthcare organizations that may similarly want to loan out smartphones to patients to assist such patients in obtaining reimbursed telehealth services, which otherwise could be considered renumeration to induce referrals and federal Anti-Kickback Statute (AKS) and Beneficiary Inducements Civil Monetary Penalty (CMP) repercussions.

Angeles Equity Partners has invested in Agile Occupational Medicine, according to a news release.

Agile is an owner and operator of occupational healthcare clinics, with multiple locations in California. Founded in 2021, Agile’s services include workers’ compensation injury management, pre-employment screening, drug testing and other recurring employee testing requirements.

Angeles, based in Santa…

Riverside Partners has announced it has completed an investment in UnisLink Holdings.

UnisLink, based in Phoenix, Ariz., provides revenue cycle management and population health management services. Founded in 2009, the company serves independent physician groups, accountable care organizations and value-based care groups.

Riverside Partners, based in Boston and founded in 1988, seeks investments…

Fintech lender Opportunity Financial (“OppFi”) and the Department of Financial Protection and Innovation (“DFPI”), California’s financial-services regulator, filed dueling claims as they battle over state efforts to enjoin the company’s branded loans, which exceed California’s 36% interest-rate cap. This is the latest effort by fintech lenders to cement the True Lender Rule against state opposition.

Blockchain regulation continues to be the topic du jour, with increasing scrutiny from government agencies across the board. The latest comes from the New York State Department of Financial Services (DFS), which has been a leader in the space since the 2015 “BitLicense” framework under the New York Financial Services Law. On April 28, 2022, new DFS Superintendent Adrienne A. Harris issued fresh guidance encouraging cryptocurrency companies to adopt blockchain analytics tools as a best practice.

Carlyle will acquire NSM Insurance Group from White Mountains Insurance Group, according to a news release.

The transaction values NSM at $1.775 billion.

NSM, based in Conshohocken, Pa., is an independent insurance brokerage that underwrites policies for behavioral healthcare and several other sectors. Founded in 1990, NSM typically manages all aspects of the placement…

Arsenal Capital Partners has completed a strategic investment in OncoHealth, according to a news release.

OncoHealth, based in Atlanta, is a digital health company that combines data and analytics with oncology experts to provide solutions used by health plans, employers, providers, patients and life sciences researchers to help navigate the physical, mental and…

Reflecting its determination to monitor the crypto markets, the U.S. Securities and Exchange Commission announced today that it was renaming the Cyber Unit the “Crypto Assets and Cyber Unit” and nearly doubling its size, from 30 to 50 members. The additional permanent positions will include investigative staff attorneys, trial lawyers and fraud analysts, who will…