MidOcean Partners has announced it has acquired GHR Healthcare.
GHR, based in Plymouth Meeting, Pa., is a provider of healthcare staffing services offering travel nursing, local nursing, per diem nursing, allied health, behavioral health, education, information technology, revenue cycle, managed services provider, interim leadership and permanent placement services to healthcare facilities. The company states…
Ascend Partners has announced it has closed its inaugural fund, Ascend Capital Partners Fund I, with total committed capital of $570 million.
The Fund was oversubscribed and hit its hard cap.
Ascend Partners, based in New York, is a growth-oriented, healthcare-focused private equity firm. Founded in 2019, Ascend is led by co-founders In Seon…
Quilvest Capital Partners has announced it has acquired a majority interest in UrgentMED.
UrgentMED, based in West Hollywood, Calif., is an independent network of urgent care clinics in Southern California. Founded in 2007, the organization currently operates 35 locations.
Quilvest, with its North American operations based in New York, is the multi-strategy alternatives division…
On November 1, 2021, the President’s Working Group on Financial Markets (PWG), along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies) issued a Report on Stablecoins (the Report).[1] Stablecoins “are digital assets that are designed to maintain a stable value relative to a national currency or other reference assets.”[2] The Report recommends that Congress act promptly to enact legislation addressing stablecoins[3] and signals the Biden Administration’s focus on this issue and looming enforcement from governing agencies such as the Department of Justice (DOJ), Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
The Report provides an overview of stablecoins and decentralized finance (DeFi) platforms more generally; risks and regulatory gaps; and the group’s recommendation. In drafting the Report, the Agencies held discussions with key industry stakeholders, including Coinbase, Kraken, and Stripe. While the Report signals that one day we may see clarity on relevant guidelines related to stablecoins, the Report itself offers little clarity or specific guidance to stakeholders today.
McGuireWoods’ Ponzi Litigation team launched its Ponzi Perspectives blog in early 2021 to track key decisions and new cases in Ponzi civil and criminal litigation. Ponzi Perspectives focuses on cases and decisions that have the potential to influence controlling law on Ponzi-related issues. The blog also offers analysis of key decisions and practical considerations when…
DW Healthcare Partners (DWHP) has sold WillowWood Global to Blue Sea Capital, according to a news release.
WillowWood, based in Mt. Sterling, Ohio, designs, manufactures and distributes prosthetic products for amputees. Founded in 1907 as the Ohio Willow Wood Company, the company’s products include the Alpha family of liners, Meta feet, central-fabrication and custom…
Advent International has made a strategic growth investment in Iodine Software, according to a news release.
Iodine, based in Austin, Texas, is the developer of a clinical AI solution designed to support the accurate capture of patient documentation. The company states its platforms are used by more than 800 hospitals and more than…
HealthEdge Investment Partners has announced it has sold The Columbus Organization to CareSource.
The Columbus Organization, based in Blue Bell, Pa., provides care/support coordination, professional clinical staffing and quality improvement services for the intellectual/developmental disability (I/DD) or behavioral needs community. The company serves more than 100,000 individuals across 13 states.
Bain Capital Private Equity has announced it will acquire a majority stake in InnovaCare Health.
InnovaCare, based in White Plains, N.Y., is a provider of integrated and value-based healthcare services. InnovaCare states that its integrated primary care provider network treats more than 250,000 patients annually, and the company also supports physicians who collectively serve…
Athenahealth has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion, according to a news release.
Athenahealth, based in Watertown, Mass., is a provider of cloud-based enterprise software solutions for medical groups and health systems.
Bain Capital Private Equity, based…
