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Financial terms of the, Center for Diagnostic Imaging (CDI), the nations leading provider of comprehensive radiology services, announced today the appointment of Kim Tzoumakas as Chief Executive Officer to lead the companys next phase of growth. Wellspring Capital Management is a leading private equity firm headquartered in New York. Besides the timing, Kulik also mentioned current inflation issues in the U.S. as a reason that Wellspring would want to do this deal now, as opposed to waiting with the risk of rates rising in the future. Talk about your Friday news dump. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nations premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. The Just Better Care mission is to provide high quality personalised services "just for you" to those requiring assistance to live independently and thrive personally. This is an important acquisition for Hoffmaster as we bring together two leaders in the premium foodservice disposables category, said Rory Leyden, CEO of Hoffmaster Group, Inc. We are looking forward to the opportunities that will result from the combined strengths of the two companies. And while its continued involvement is not surprising, its still a good sign for the health of industry, Mark Kulik, the managing director of M&A advisory firm The Braff Group, told HHCN. Mar 1, 2023. Home; About Us; Investment Approach. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Hospice News is part of the Aging Media Network. We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes, Naishadh Lalwani, a partner at Wellspring, said in a press release. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. Finally, Cowen increased their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an outperform rating in a report on Friday, February 3rd. Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. Nov 2022 - Present5 months. Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter. This partnership enables us to continue our exceptional service with expanded capabilities to our combined customer base., On behalf of the Paterson team, we look forward to joining the Hoffmaster organization, said Joe Buckley, President of Paterson Paper. Combined, Caring Brands and its three subsidiaries Interim Healthcare (U.S.), Bluebird Care (U.K, Ireland), and Just Better Care (Australia) operate from more than 550 locations globally owned by more than 350 franchisees, generating $1.3 billion in system-wide revenues each year, according to PE Hub. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. Financial terms were not disclosed. Ranked #1 for the third year in a row by Entrepreneur magazine, franchisees employ nurses, therapists, aides, companions and other healthcare professionals who provide 25 million hours of home care service to 200,000 people each year, meeting a variety of home health, senior care, hospice, palliative care, pediatric care and healthcare staffing needs. Other hedge funds and other institutional investors have also made changes to their positions in the company. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. Terms of Mondays deal were not disclosed, but Caring Brands was expected to command 11 or 12 times its $45 million EBITDA, according to a report from PE Hub. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs, with multiples reaching 26x in 2020. M&A activity began to pick up again early on in 2021, with Maryland-based Seniors Helpers acquired by Advocate Aurora Healths investment arm in April. While the last big wave came several years ago, it appears another one is underway in 2021. LEARN MORE. Abuja, Federal Capital Territory, Nigeria. Wellspring Capital Management is a leading private equity firm headquartered in New York. Through it all, weve seen two enduring trends. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network of diagnostic imaging clinics, MINNEAPOLIS, Minn; March 8, 2021Center for Diagnostic Imaging (CDI), the nations leading provider of comprehensive radiology services, announced today the appointment of Kim Tzoumakas as Chief Executive Officer to lead the companys next phase of growth. In addition, seller Levine Leichtman bought the company in 2015, so the asset is in the range in which PE firms usually sell about 4 to 7 years. If you are interested in seeing our DEI Policy, please contact us at info@wellspringcapital.com. Founded in 1971 in Montgomery,, NEW YORK, NYWellspring Capital Management LLC (Wellspring) and Hancock Park Associates (HPA) today announced that Wellspring has acquired Resco Products, Inc. (Resco or the Company), a leading North American producer of value-added refractory solutions, from HPA. It operates through the following segments: North America, International, and Amazon Web Services (AWS). To date, the firm has raised in excess of $4 billion via six PE funds. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. The New York-based Wellsprings portfolio currently includes 37 companies, two of which are directly involved in health care: RAYUS Radiology and the Chicago-based Help at Home. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Wellspring Capital Management is a leading private equity firm headquartered in New York. Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Hoffmaster will assume operations for Paterson as part of its family of production facilities. Vatterott, headquartered in St. Louis, Missouri, is one of the leading providers of career-oriented post-secondary education in the, 2022 Wellspring Capital Management Group LLC |, Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company, HealthPRO Pediatrics Continues U.S. To date, the firm has raised in excess of $4 billion via six PE funds. Financial terms of the agreement were not disclosed. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Founded in 1973 and a portfolio company of ShoreView Industries since 2009, Rohrer Corporation is a US-based packaging manufacturer headquartered, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced it has committed to being the lead sponsor of Squash Havens marquee fundraising event, the Squash Haven Showdown, for the next three years. Over the past six years, there have been around a dozen large-scale home-based care franchises acquired, with private equity typically leading the charge. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giants stock worth $254,000 after purchasing an additional 55 shares during the last quarter. At the time, OMNI operated primarily in the Gulf, NEW YORK, NYWellspring Capital Management LLC (Wellspring) today announced that its portfolio company, United Sporting Companies (USC), the holding company for Ellett Brothers, LLC (Ellett) and Jerrys Sport Center Inc. (JSC), has completed the refinancing of all of its existing debt. OSHKOSH, Wis. (February 27, 2023) Hoffmaster Group, Inc., a leading U.S. manufacturer of premium disposable tableware, announces today the acquisition of Paterson Pacific Parchment Company (Paterson or Paterson Paper), a premier producer of foodservice paper and parchment products. March 30, 2023 Washington, D.C. Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. The deal, announced early Monday, is yet another example of PE players becoming more involved in the home-based care space, especially when it comes to home care franchise organizations. Breitbart Africa, by Amy Furr Original Article. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. In addition to Caring Brands International and Senior Helpers, Honor acquired Home Instead in August and the PE Firm RiverGlade Capital acquired Home Helpers in April. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Financial terms of the transaction were not disclosed. The procedure occurred on February 16th but was not revealed to the public at the time. Since acquiring Cleaver-Brooks in June 2008, Wellspring and management worked closely to leverage the Companys, NEW YORKWellspring Capital Management LLC (Wellspring) announced that its portfolio company Checkers Drive-in Restaurants, Inc. (Checkers or the Company) has closed on an offering of $160 million in aggregate principal amount of 11.000% senior secured notes due 2017. The . The Great Resignation. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. is reportedly attempting to go public by years end, Seniors Helpers acquired by Advocate Aurora Healths investment arm, PE Firm RiverGlade Capital acquired Home Helpers, How Immigration Adjustments Could Alter The Entire Home-Based Care Landscape, A Look Behind The Curtain At April Anthonys New Home Health Company, VitalCaring, HHCN+ Report: The Pros and Cons of Certificate of Need Regulations in Home Health Care, Electronic Visit Verifications Bumpy Rollout In Home-Based Care Continues, More Payers Leaning Into High-Acuity, At-Home Care Could Be Game Changer, Paving the Path for Staffing Certainty Actionable Strategies for Executives, Home-Based Care Growth Plans and Financial Health. All rights reserved. The company in 2020 ranked No. Wellspring School Support System. Renehan joined SupplyOne, ASHEBORO, N.C., February 7, 2022 Cadence Group today announced that Neal Zuzik has been selected as Cadence Groups new chief operating officer. And much more. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. As the home care industry leader, we at Caring Brands International are fully committed to making the home the center of health care and helping more people gain the quality services they need, Sheets said. Happy National Employee Appreciation Day! Headquartered in Hunt Valley, Maryland, HealthPRO Pediatrics is a national leading provider, Newtown Square, Pennsylvania, February 25, 2022 SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that Bill Leith, the Companys founder, has become its Executive Chairman, and Todd Renehan has been appointed the Companys President and Chief Executive Officer. Home Health Care News Were pretty sure these two trends are connected. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Paterson Pacific Parchment Company - Wellspring Capital. ABOUT PATERSON The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for [all] stakeholders, Matthew Frankel, a managing partner at the firm, said in a statement. As the newest addition to the Wellspring family, we feel fortunate to partner with an organization that is rooted in the health care industry and recognizes the value home-based health care provides.. For additional information, please visit www.wellspringcapital.com. The Company used the net proceeds of this offering to refinance the Companys existing debt and to, NEW YORKWellspring Capital Management LLC (Wellspring) today announced a distribution to its limited partners of the approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation (NASDAQ: SUSS) (Susser). Robert will assume the role on Jan. 17, 2022. The addition of Jay Packaging Group to Rohrer strengthens the combined capabilities of both companies in the areas of high-end printing and, WADSWORTH, OHIO, Dec. 9, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced the addition of three key executives to its leadership team. Established in 1946, Resco is a leading provider of custom-designed premium-quality, LAKE FOREST, ILProlamina Corporation (Prolamina or the Company) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (Packaging Dynamics) located in Kaukauna, Wisconsin. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. LEARN MORE, SPONSORED BY: Financial terms were not disclosed. While we have made significant strides in our ESG program, we seek to continue to improve our program and implement best-in-class ESG practices. Wellspring Capital Management is a leading private equity firm headquartered in New York. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. ABOUT WELLSPRING CAPITAL MANAGEMENT The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $4.4 billion of private equity capital. Financial terms of the transaction were not disclosed. Receive industry updates and breaking news from HHCN. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year. Youve got the Choose Home legislation, and that looks pretty solid right now. Financial terms of the transaction were not disclosed. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. For more information or to locate an Interim HealthCare office, visitwww.interimhealthcare.com. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.