The three-year-old company is exploring partnerships with health systems and health insurers as it looks to increase its footprint in the U.S. and abroad.
Stark Law And Anti-kickback Statute Reform: Six Key Insights For Private Equity Healthcare Affiliations | Mcguirewoods Llp
Two new healthcare fraud and abuse final rules, effective Jan. 19, 2021, may increase flexibility for private equity firms exploring opportunities in the healthcare space as well as private equity-backed healthcare platforms as they consider transactions, investment/alignment opportunities, patient engagement approaches and other business opportunities....By: McGuireWoods LLP.
Transformation Capital Launches $500M Digital Health Fund To Support Entrepreneurs Transforming Healthcare
BOSTON, Jan. 7, 2021 /PRNewswire/ -- Transformation Capital Partners, L.P. ("Transformation Capital") today announced the launch of its oversubscribed growth equity fund, Transformation Capital Fund II, L.P. ("TCF II"), which has $500 million in limited partner capital commitments and is...
Healthcare & Life Sciences Private Equity Deal Tracker: H.i.g. Capital Acquires Crothall Laundry Services | Mcguirewoods Llp
H.I.G. Capital has announced it has completed its acquisition of Crothall Laundry Services....By: McGuireWoods LLP. : Crothall Laundry Services is a provider of outsourced laundry and linen management services to the healthcare and hospitality markets. Founded in 1991, the company is formerly a Compass Group subsidiary. H.I.G. Capital, based in Miami, pursues a wide range of investments in healthcare and many other industries. Founded in 1993, the firm has flexibility on investment size, including interest in pre-EBITDA businesses. Within healthcare, the firm targets companies in the provider services, hospital/major facilities and life sciences/pharmaceutical industries.
NextStep, a Seattle startup which uses its technology platform to retrain displaced workers for roles in the healthcare industry, has raised $2.5 million in new funding. The company, founded in 2018 and spun out of Seattle's Pioneer Square Labs, integrates app-based and in-person skills practice to train people to become certified nursing assistants (CNAs), which it calls the largest healthcare role in the United States. NextStep is growing in Colorado, a pilot state for the startup, where it already trains and places new CNAs at more than 70 facilities run by its employer partners.
CHARLOTTE, N.C., Dec. 30, 2020 /PRNewswire/ -- Nelson Schwab has been appointed non-executive Chairman of the Board of Directors of Flagship Healthcare Trust, Inc., a private real estate investment trust (REIT) managed by Flagship Healthcare Properties, LLC (Flagship). In addition, J. Brannen Edge III has been appointed the REIT's new chief executive officer. Flagship also announced that TriPost Capital Partners, a real estate private equity firm with representation on Flagship's board, has made an additional $20 million investment in the REIT. TriPost made its initial investment in Flagship in 2018.
With American hospitals once again at the breaking point amidst the largest surge in Covid-19 cases yet, private equity players in the healthcare space are looking for resilience and continuity in 2021.
DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in a new round led by private equity firm Trustbridge Partners. Existing backer Tencent and Hillhouse Capital also participated in the round, which lifted the firm's total funding to over $660 million [...]
Trustbridge Partners Leads $500M Round In Digital Healthcare Firm Dingxiangyuan - China Money Network
Dingxiangyuan, a Chinese domestic digital healthcare technology company, announced the completion of a US$500 million financing. This financing was led by Trustbridge Partners, participated by Tencent and Hillhouse Ventures. At the beginning of its establishment in 2000, Dingxiangyuan mainly provided document retrieval and academic exchange platforms for doctors and medical students. Since 2006, Dingxiangyuan began [...] Trustbridge Partners Leads $500 Million Round In Digital Healthcare Firm Dingxiangyuan comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.