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,…

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…