In the premiere episode of The Professor’s Corner, McGuireWoods partner David Pivnick shared best board practices to mitigate risk when making challenging decisions. In this follow-up episode, David joins host Geoff Cockrell to expand on a larger trend in healthcare litigation: Private equity funds are finding themselves legally responsible for the activity of the companies
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Healthcare & Life Sciences Private Equity Deal Tracker: Blackford Acquires PACIV
Blackford Capital has announced it has acquired PACIV.
PACIV, with its U.S. headquarters in Indianapolis, is a provider of industrial process automation and systems integration. Founded in 1997, the company primarily support manufacturers in the pharmaceutical and life sciences industries.
Blackford, based in Grand Rapids, Mich., is a lower middle market private equity
Indiana Further Restricts Physician Noncompete Agreements Effective July 1, 2023
On May 4, 2023, Indiana Gov. Eric Holcomb signed into law Indiana’s Senate Enrolled Act 7 (SEA 7), which further restricts physician noncompete agreements between employers and physician employees and becomes effective July 1, 2023.
As discussed in further detail below, SEA 7 (i) makes primary care physician noncompete agreements unenforceable; (ii) makes existing noncompete
Up-and-Coming Women in PE to Know: Mary Beth Brosnihan
McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their
Healthcare & Life Sciences Private Equity Deal Tracker: Comvest Acquires Your Behavioral Health
Comvest Partners has announced it has acquired Your Behavioral Health (YBH).
YBH, based in Torrance, Calif., is a provider of mental health and addiction treatment services for adults and teens. The company operates 17 facilities throughout Southern California, providing clinical inpatient, outpatient, interventional psychiatry and residential care across its family of brands.
Healthcare & Life Sciences Private Equity Deal Tracker: LLCP Invests in SEV
Levine Leichtman Capital Partners (LLCP) has announced it has invested in SEV.
SEV, based in Burbank, Calif., is an operator of med spas. Founded in 2010, the company currently manages or operates 27 offices across seven states which provide laser hair removal, injectables, body contouring and other medical aesthetic services
LLCP, based in
Healthcare & Life Sciences Private Equity Deal Tracker: Warburg Pincus Invests in ParetoHealth
Warburg Pincus has invested in ParetoHealth, according to a news release.
ParetoHealth, based in Philadelphia, is a health benefits captive. Founded in 2011, the company provides employer healthcare benefits solutions designed to enable small and midsized businesses to self-fund their health benefits.
Warburg Pincus, based in New York, is a global private
The Legal Implications of Board-Driven Decision Making (Pt. 1)
In the premier episode of The Professor’s Corner, McGuireWoods partner and host Geoff Cockrell is joined by McGuireWoods partner and complex corporate healthcare litigator David Pivnick. They discuss a whistleblower case in Massachusetts that challenged the widely accepted notion that private equity investors are insulated from risk beyond the scope of their financial investment.
Healthcare & Life Sciences Private Equity Deal Tracker: Grovecourt Acquires Premier Radiology
Grovecourt Capital Partners has announced it has acquired Premier Radiology Services.
Premier, based in Miami, is a provider of teleradiology services. Founded in 2006, Premier has a network of about 100 radiologists who support mobile imaging providers, occupational health centers, urgent care providers and outpatient clinics.
Grovecourt, based in West Palm Beach, Fla.,
Healthcare & Life Sciences Private Equity Deal Tracker: DWHP Invests in LKC Technologies
DW Healthcare Partners (DWHP) has announced it has completed an investment in LKC Technologies.
LKC, based in Gaithersburg, Md., is a manufacturer of electrophysiology testing devices. Founded in 1975, the company’s flagship product is RETeval, a handheld electroretinography and visual evoked potential device used to aid in the diagnosis and management of retina and