Wellspring Capital-Backed RAYUS Radiology Acquires Diagnostic Centers A mind-controlled car. Courtesy of Arim. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. That merger ultimately formed the Addison, Texas-based Elara Caring. We encourage our portfolio companies to do the same within their own industries. Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf Bonds haven't been this attractive since 2008. Civilians flying into space. The Great Resignation. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Wellspring Capital Management Closes Fund VI at $1.415 Billion SPONSORED BY: All rights reserved. Caring Brands is headquartered in Sunrise, FL. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. LEARN MORE. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Wellspring Capital Management has acquired 38 organizations. To date, the firm has raised in excess of $4 billion via six PE funds. Massive opportunities to build a better world. Financial terms of the transaction were not disclosed. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Theyre no strangers to the home health marketplace, Kulik said. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. A global pandemic. This represents an opportunity far beyond Wellsprings own growth interests. Financial terms of the transaction were not disclosed. 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. Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. Terms of the transaction were not disclosed. Prosek Partners Wellspring Capital Management - Crunchbase Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Effective January 1, 2021:, Help at Home, a leading U.S. provider of home care and community-based services in 13 states, today announced that it has been acquired by a consortium that includes Centerbridge Partners (Centerbridge)and The Vistria Group (Vistria). The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Capital Management is a leading private equity firm headquartered in New York. The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired Qualitor, Inc. (Qualitor or the Company), a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Wellspring Capital Advisors - Crunchbase Company Profile & Funding Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Wolf. About Bluebird CareBluebird Care is the UK's largest national independent provider of care and support at home services, demonstrating the highest standards of quality, professionalism and expertise with every home visit. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. 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. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. "These 'Freedom Cities' will reopen the frontier, reignite American imagination and give hundreds of thousands of hard-working families, a new shot at home ownership, and, in fact, the American dream.". But that uncertainty also drives heightened potential for positive change. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. The company in 2020 ranked No. 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). But for Wellspring, the timing of a fundraise in 2022 was perfect. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. A nose for the truth, a fanatical grammar maniac, a meticulous copy editor.<br><br>Mai Huyen spent years editing at daily newspapers before moving to books to broaden her experience and talents.<br>Had five years of experience as a chief copy editor and contributor to Automotive News at VnExpress - a most read Vietnamese newspaper.<br>Carried 12 months of experience as an editor (fiction books . There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. 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. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. Mar 1, 2023. Responsibility - Wellspring Capital bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT About Us - Wellspring Capital The Fed is nearing the end of its tightening cycle. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). Investment Philosophy; Target Investments; Portfolio With a mantra of, "Home is where the heart is, let's keep it there", you can find out more information on the care and support at home options that are offered by Bluebird Care by visiting: https://www.bluebirdcare.co.uk/ and https://www.bluebirdcare.ie. Cadence Petroleum Group was formed in 2018 through the, Wellspring Capital Management Group LLC (Wellspring), a New York-based private equity firm, announced that on May 29, 2020, it closed the acquisition of Steele Solutions, Inc. (SSI or the Company), a value-add supplier into the industrial automation sector. Hedge funds and other institutional investors own 57.64% of the companys stock. Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. ACADIA Pharmaceuticals Inc. Shares Sold by Credit Suisse AG, UBS Group AG Has $3.41 Million Position in Builders FirstSource, Inc. (NYSE:BLDR), Caseys General Stores, Inc. (NASDAQ:CASY) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. (NYSE:ALE), Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. (NYSE:DQ), Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. (NASDAQ:OM), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) Shares Sold by Credit Suisse AG, MetLife Investment Management LLC Acquires 11,660 Shares of Chicos FAS, Inc. (NYSE:CHS), Envestnet Asset Management Inc. Has $4.66 Million Stake in Kontoor Brands, Inc. (NYSE:KTB), Canada Pension Plan Investment Board Sells 900 Shares of NovoCure Limited (NASDAQ:NVCR), MetLife Investment Management LLC Has $313,000 Holdings in Sovos Brands, Inc. (NASDAQ:SOVO), Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in MSA Safety Incorporated (NYSE:MSA), Healthcare of Ontario Pension Plan Trust Fund Sells 150,965 Shares of Dropbox, Inc. (NASDAQ:DBX), Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Ovintiv Inc. (NYSE:OVV), Healthcare of Ontario Pension Plan Trust Fund Takes Position in FMC Co. (NYSE:FMC), Healthcare of Ontario Pension Plan Trust Fund Sells 9,555 Shares of Sotera Health (NYSE:SHC), GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Hsbc Holdings PLC Invests $820,000 in Fox Factory Holding Corp. (NASDAQ:FOXF), Blueprint Medicines Co. (NASDAQ:BPMC) Shares Sold by Dimensional Fund Advisors LP, Tower Research Capital LLC TRC Lowers Stock Position in Bank OZK (NASDAQ:OZK). Abuja, Federal Capital Territory, Nigeria. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Private equity hospice transactions rose nearly 25% between 2011 to 2020, according to a recent industry transaction report that M&A advisory firm The Braff Group shared with Hospice News. Now, Wellspring on Route 9 in Malta will begin hosting the interfaith breakfast from 7:30 to 8:30 a.m. starting Thursday, March 9. March 4, 2023 01:01. Yet this period also yielded profound advancements. Wellspring Capital Management Recapitalizes HealthPRO Heritage Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Expansion to Serve More Kids + Support Families, Cadence Group, a Wellspring-Backed Company, Appoints Neal Zuzik as COO of Cadence Group, Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group, Wellspring Sells Paragon Films To Rhne Group, Rohrer Corporation Acquires Jay Packaging Group, Rohrer Corporation Expands Leadership Team, Wellspring Capital Management Acquires Caring Brands International, Rohrer Corporation Acquires Coburn Carton Solutions, Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network, Center for Diagnostic Imaging Relaunches As RAYUS Radiology, Marking Major Step As It Accelerates Its National Growth Plan, Wellspring Capital Acquires Rohrer Corporation, Wellspring Capital Management Announces Three-Year Corporate Sponsorship of Squash Haven Annual Fundraising Event, Wellspring Capital Management Recapitalizes HealthPRO Heritage, Center for Diagnostic Imaging Appoints New CEO to Lead National Growth Strategy, Center For Diagnostic Imaging Appoints New Ceo To Lead National Growth Strategy, Wellspring Capital Announces Organizational Updates and New Hires, Help at Home Acquired by Centerbridge Partners and The Vistria Group From Wellspring, Wellspring Capital Management Acquires Cadence Petroleum Group. Founded in 1966 and First in Home Care, Interim HealthCare Inc. is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards. Want to see what other hedge funds are holding AMZN? Wellspring Capital Management Acquires Cadence Petroleum Group My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. The Company's franchisees and operators are uniquely positioned in their respective markets to offer the full continuum of healthcare at home including skilled nursing, home health, assistance with daily living activities and end-of-life hospice care along with healthcare staffing. Saratoga-area interfaith breakfast moves to new site