Nordic Capital has made a minority equity investment in RLDatix, according to a news release.
RLDatix, with its U.S. offices in Chicago and Fairfax, Va., is a provider of governance, risk and compliance solutions for healthcare. The company reports more than 5,000 customers in more than 20 countries.
Nordic, with its U.S.…
Elizabeth Holmes, founder of Theranos, was convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud. The verdict follows a high-profile, fifteen-week trial in federal court in San Francisco. Holmes was alleged to have defrauded investors, medical professionals, patients, and the public by exaggerating and making false statements about the accuracy of Theranos’s blood-testing technology. The government’s prosecution demonstrates the Department of Justice’s commitment to prosecuting white collar crime, particularly in the tech and healthcare industries.
SEC v. Fusion Hotel Mgmt. LLC, et al. was filed in the Southern District of California on December 14, 2021, claiming violations of the Securities Act of 1933 (“Securities Act”) and the Securities Exchange Act of 1934 (“Exchange Act”). The complaint alleges: (1) fraud in connection with the purchase or sale of securities in violation of Section 10b of the Exchange Act and Rule 10b-5 thereunder; and (2) fraud in the offer or sale of securities in violation of Section 17(a) of the Securities Act.
The Securities and Exchange Commission (“SEC”) brought this enforcement action against Defendant Denny Bhakta (“Bhakta”) and two entities that he founded and controlled, Defendants Fusion Hotel Management, LLC and Fusion Hospitality Corporation (together “Fusion” and, collectively with Bhakta, “Defendants”).
WindRose Health Investors has announced it has completed the recapitalization of Terrapin Pharmacy.
Terrapin, based in Annapolis, Md., is a specialized pharmacy primarily serving individuals diagnosed with severe and persistent mental illnesses in the Mid-Atlantic region. Founded in 2005, the company states it serves skilled nursing and rehabilitation facilities, assisted living facilities and…
Thomas H. Lee Partners (THL) has completed a strategic investment in Smile Doctors, according to a news release.
Smile Doctors, based in Georgetown, Texas, is an orthodontics-focused dental support organization. The company reports operating more than 295 locations in 25 states.
THL, based in Boston, is a private equity firm investing in…
Heinen v. iDigrati, LLC, et al. was filed in the Superior Court of Gwinnett County, Georgia on December 16, 2021, claiming civil damages for breach of contract and state securities violations in connection with purported investments in promissory notes sold by Defendants.
Plaintiff is an individual who invested $200,000 with Defendant in exchange for a promissory note. Defendants are the investment company, iDigrati, LLC (“iDigrati”) and its two operating individuals, Narendra Patel and Bruce Rowland. Rowland is deceased and is represented by his estate in this action.
M/C Partners has completed a strategic investment in Edafio Technology Partners, according to media reports.
Edafio, based in North Little Rock, Ark., is a managed services provider. Founded in 1999, the company range of services includes healthcare consulting.
M/C Partners, based in Boston, is a private equity firm that invests in small…
Ampersand Capital Partners has announced it has sold portfolio company Adaptas Solutions to IMI.
Adaptas, based in Palmer, Mass., provides components for complex laboratory instruments in the life sciences, diagnostics and lab automation markets.
IMI, formerly Imperial Metal Industries, is a British-based engineering company that designs, manufactures and services engineered products that control…
Sentinel Capital Partners has acquired TTG Imaging Solutions, according to a news release.
TTG, based in Pittsburgh, Pa., provides a range of products and services to cardiology, oncology and other types of providers. Founded in 2004, the company has grown significantly in recent years, completing nine transactions since March 2019.
The Jordan Company has announced it has closed The Resolute Fund V with approximately $5 billion in commitments.
The fund was oversubscribed and hit its hard cap.
The Jordan Company, founded in 1982 and headquartered in New York, is a middle market private equity firm that invests in a wide range of industries in North America,
