On January 16, 2026, the Secretary of War Pete Hegseth posted a video on social media announcing that the Department of War will conduct a “line‑by‑line review of every small business, sole source, 8(a) contract that is over $20 million,” focusing on impermissible pass‑throughs to large businesses.  This action by the DoW aligns with broader federal investigations and audits of the 8(a) program.

Lead Capital Partners (LCP) has announced an investment in PedsOne.

PedsOne, founded in 2011 and based in Nashville, Tennessee, is a provider of outsourced revenue cycle management and consulting services to independent pediatric practices throughout the United States.

LCP, founded in 2011 and based in Nashville, Tennessee, is a lower middle market private…

WindRose Health Investors has announced an investment in Avalon Healthcare Solutions.

Avalon, founded in 2013 and based in Tampa, Florida, is a healthcare technology company that manages the appropriate use of routine and genetic diagnostic laboratory tests on behalf of health plan clients.

WindRose, founded in 2000 and based in New York, pursues…

Eir Partners Capital announced the closing of its third fund.

The fund, Eir Partners III, closed with aggregate capital commitments of $1 billion, exceeding its target of $800 million.

Eir, founded in 2015 and based in Miami, is a middle market private equity firm focused on healthcare technology and tech-enabled services. Eir’s targeted stages…

On Jan. 8, 2026, the White House announced the establishment of the DOJ’s Division for National Fraud Enforcement. The Trump administration stated that the new division will “combat the rampant and pervasive problem of fraud in the United States” and “enforce the Federal criminal and civil laws against fraud targeting Federal government programs, Federally funded…

Grant Avenue Capital announced it has acquired PatientCare EMS Solutions.

PatientCare, founded in 1998 and based in Tyler, Texas, is a provider of ground ambulance services, delivering emergency and non-emergency medical transportation to communities across multiple geographies. 

Grant Avenue, founded in 2019 and based in New York, is a healthcare-focused, middle market private…

Gauge Capital announced it has invested in Reliable Medical.

Reliable, founded in 1989 and based in Nashville, Tennessee, is a provider of complex rehabilitation technology and related mobility and home medical equipment solutions across the United States.

Gauge, founded in 2013 and based in Southlake, Texas, is a middle market private equity firm…

On December 22, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a multifaceted data-driven operation to address potential money laundering, focused on more than 100 U.S. money services businesses (MSBs) operating along the southwest border. MSBs are non-bank financial institutions that provide certain financial services, including money transmission, check cashing, and foreign currency exchange. This operation will focus on MSBs’ potential non-compliance with the Bank Secrecy Act (BSA) and other regulations by examining Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), which MSBs and other financial institutions must submit under BSA regulations.  

Because MSBs operating along the southwest border face heightened risk of “cartel-related money laundering,” including the use of proceeds from drug trafficking, human smuggling, and terrorism, this operation is consistent with President Trump’s designation of certain international criminal cartels and organizations as foreign terrorist organizations.