KKR has announced it has closed its newest fund, KKR North America Fund XIII, with $19 billion.
The fund, which will focus on pursuing private equity investments in North America, was oversubscribed.
The private equity platform of Kohlberg Kravis Roberts (KKR) & Co., which is based in New York, considers investments in all industries, including…
TPG Capital has agreed to acquire ClaimsXten, Change Healthcare’s claims editing business, from UnitedHealth for $2.2 billion, according to news reports.
The sale of ClaimsXten will only proceed if UnitedHealth’s acquisition of Change Healthcare is completed. The acquisition is currently on hold after the U.S. Department of Justice sued to stop the deal.
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On April 20, 2022, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) separately announced that Stericycle Inc. (Stericycle), an international waste management company headquartered in Lake Forest, Illinois, has agreed to pay more than $84 million to resolve parallel investigations by authorities in the United States and Brazil. The investigation is related to the bribery of foreign officials across several countries in Latin America.
Clayton, Dubilier & Rice (CD&R) will acquire the hospice and personal care divisions of Humana’s Kindred at Home (KAH) subsidiary for about $2.8 billion, according to a news release.
The transacted divisions include patient-centered services for hospice, palliative, community and personal care.
The deal is expected to close in the third quarter.
CD&R, with…
Securities Exchange Commission v. David J. Bunevacz et al. was filed in the United States District Court for the Central District of California on April 5, 2022, seeking an injunctive relief, disgorgement, and civil penalties. Specifically, the complaint alleges violations of federal securities laws, including Sections 10(b) and 10b-5 of the Securities Exchange Act of 1934 and Sections 17(a), 5(a) and 5(c) of the Securities Act of 1933.
The SEC brought this enforcement action against David J. Bunevacz (“Bunevacz”) and two entities under his control, Caesarbrutus LLC and CB Holding Group Corp., along with his stepdaughter Mary Hayca Bunevacz (“Mary Hayca”). Bunevacz and his entities are engaged in the production and sale of cannabis products, particularly “vape” pens infused with Cannabidiol (“CBD”).
Enhanced Healthcare Partners (EHP) has announced it has completed a strategic growth investment in Vytalize Health.
Vytalize, based in Hoboken, N.J., is a value-based care platform for seniors. The company’s vertically integrated solution combines a risk-bearing entity, virtual and in-home clinic model, and technology platform. Vytalize states that it supports physicians caring for more…
FFL Partners has announced it has invested in Perlman Clinic.
Perlman, based in San Diego, is an independent provider of primary care in the Greater San Diego Market. Founded in 2005, Perlman operates 16 facilities staffed by more than 100 primary care providers who provide primary care, urgent care, behavioral health and wellness services.
FFL…
One Equity Partners (OEP) has announced the closing of its newest fund, One Equity Partners VIII, with committed capital of $2.75 billion.
Through the fund, OEP will continue to target equity investments between $30 million and $300 million in healthcare and a few other types of businesses across North America and Europe.
OEP, based…
York Private Equity has announced it has acquired Healthcare Linen Services Group (HLSG).
HLSG, based in St. Charles, Ill., is a provider of healthcare laundry services in the Midwest and Central United States. Founded in 1915, the company operates processing plants across four regional brands — Logan’s Linens, Logan’s Uniform Rental, Superior Health Linens…
The Federal Energy Regulatory Commission (FERC) Office of Enforcement (OE) has historically focused on four “priorities,” as described in its annual Report on Enforcement. Those four priorities included (1) fraud and market manipulation; (2) serious violations of Reliability Standards; (3) anticompetitive conduct; and (4) conduct that threatens the transparency of regulated markets. In the 2021 Report on Enforcement, however, the OE included a new enforcement priority: “threats to the nation’s infrastructure and associated impacts on the environment and surrounding communities.”
