This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. The firm's objective is to bring partnership, experience and value creation to each investment. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. All rights reserved. Caring Brands is the seventh largest home-based care provider in the United States, in addition to its international holdings in the United Kingdom, Ireland and Australia. 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. As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: 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. Posted By: Imright, 3/2/2023 6:17:00 PM A hidden corridor was found recently inside the Great Pyramid of Giza in Egypt, thanks to researchers' year-long effort. NEW YORK, Oct. 25, 2021 /PRNewswire/ --Wellspring Capital Management ("Wellspring"), a leading private equity firm headquartered in New York, announced today that it has partnered with management to complete the acquisition of Caring Brands International, Inc. ("CBI" or the "Company"). To learn about Paterson, visit www.patersonpaper.com. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Were pretty sure these two trends are connected. The only major franchise brand in its category to offer the full continuum of care, the company strives to improve the delivery of home healthcare and staffing services through 330 plus locations servicing the U.S. and Saudi Arabia. Marketing Communications Manager Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Legal Name Wellspring Capital Advisors, LLC Company Type For Profit Phone Number +1-312-346-6882 Lists Featuring This Company Greater Chicago Area Advice Companies 691 Number of Organizations $207.5M Total Funding Amount 37 Number of Investors Track Great Lakes Advice Companies Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Adding notes to customer records. By teaming up with strong management, Wellspring is able to unlock underlying value and Founded in 1992, NSM has grown into North Americas premier Complex Rehab Technology provider, with, New York and Cincinnati Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. CALGARY Alberta Premier Danielle Smith, weighing in on a limp hand clasp with the prime minister that went viral, says she never expected she would have to shake hands with him at a media . Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. Individuals of the firm have identified certain causes to support and brought the firm into the fold to leverage individual contributions both with financial support and time. April 20, 2023 Washington, D.C. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. Second, Wellsprings business has continued to grow, and grow, and grow. Caring Brands has about $1.3 billion in system-wide sales annually, according to the company, which was previously owned by Los Angeles-based PE firm Levine Leichtman Capital Partners. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. Financial terms of the transaction were not disclosed. Wellspring Capital Management is a leading private equity firm headquartered in New York. Financial terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. About Wellspring Capital Management, ST. LOUIS & BOSTON & NEW YORK(BUSINESS WIRE)Vatterott Educational Centers, Inc. (Vatterott or the Company) today announced that TA Associates (TA) and management have entered into an agreement to acquire the Company from Wellspring Capital Management (Wellspring). A global pandemic. I am excited, CHARLOTTE, N.C., January 5, 2022 Cadence Group today announced that Robert Craycraft has been selected as Cadence Groups new chief executive officer. This opens a lot of opportunities for us, thinking about what we can be in the broader health care continuum, Senior Helpers co-founder and CEO Peter Ross told HHCN at the time. Prosek Partners Wolf. 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. Trevor Gibbons In the coming years, three critical capabilities will determine who succeeds and indeed, to what degree we all succeed collectively in the new golden age of innovation: Wellspring already provides software and solutions for all three of these foundational needs. 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. 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. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. 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. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generate aggregate revenues in excess of $5.0 billion per year. The procedure occurred on February 16th but was not revealed to the public at the time. Financial terms of the transaction were not disclosed. | Privacy Policy, Why Wellspring Chose to Raise Capital in 2022, The ability to access and leverage data-driven insights, The ability to partner across the technology ecosystem, The ability to deliver real-worldinnovations that benefit society, Double-down on supporting the success of our customers through. Financial terms of the transaction were not disclosed. Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon is a, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Center for Diagnostic Imaging (CDI), a leading independent provider of outpatient diagnostic imaging services. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Financial terms, NEW YORKWellspring Capital Management LLC (Wellspring) today announced the closing of Wellspring Capital Partners V LP (Fund V) with capital commitments totaling $1.2 billion. The capital of Japan for more than a thousand years, until the mid-19th century . Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. We believe we are uniquely positioned for continued outsized growth and through this partnership, we will be able to help even more patients and clients obtain the quality care they need in the preferred and most efficient and effective site of care: their home.". Nominate a future leader who is redefining the standard of hospice care. 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. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). To learn more, please visit www.gamutcapital.com. Founded in 1981 and headquartered in Minneapolis, Minnesota, CDI is one of the, Wellspring Capital Management LLC (Wellspring) today announced that its portfolio company Hoffmaster Group, Inc. has acquired Aardvark Straws, the sole U.S. producer of paper straws. The evolution of RAYUS Radiology is the result of a multi-faceted, Wellspring Capital Management (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Rohrer Corporation, a leading retail-packaging designer and manufacturer. In addition to Interim, Caring Brands is the parent company of the United Kingdom-based home care services company Bluebird Care and the Australia-based Just Better Care. *Updating customer records after each interaction. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. Wellspring Capital Management is a leading private equity firm headquartered in New York. ABOUT HOFFMASTERHoffmaster is a one-stop source offering a complete line of premium disposable paper tableware items for restaurants, hospitals, and a wide variety of other service industries. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Investment Philosophy; Target Investments; Portfolio Lucky Strike is a leading creator and operator of entertainment venues, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Paragon Films, Inc. (Paragon or the Company), a leading manufacturer of high performance stretch film. 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. The disclosure for this sale can be found here. Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. How do you own it? And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. Middle Market Private Equity. 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. Breitbart Africa, by Amy Furr Original Article. . With 100 years of expertise and under the leadership of Joe Buckley, Paterson has built a strong reputation with its knowledgeable sales force and breadth of premium foodservice and baking industry products. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised What is a Good Dividend Yield? News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. DeSantis may remove another Florida prosecutor from office. Home Health Care News 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 we have witnessed over the past year and throughout 2021, the demand for delivering high-quality home-based healthcare services has never been more essential," said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. "As the leader in the home care industry, we at CBI are excited to be a part of the Wellspring family. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. A biopsy came back and confirmed the "skin lesion" was cancerous. Posted by MarketBeat News on Mar 4th, 2023. Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . I think they like the prospects for the continued growth [in this space].. 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. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. 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 . Leveraging my 30 years of, NEW YORK, December 22, 2021 Wellspring Capital Management Group LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the sale of its portfolio company Paragon Films, Inc. (Paragon or the Company), a leading manufacturer of high performance stretch film, to affiliates of private equity firm Rhne. Wellspring Capital Management is a leading private equity firm headquartered in New York. When typing in this field, a list of search results will appear and be automatically updated as you type. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. We encourage our portfolio companies to do the same within their own industries. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. "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.". Happy National Employee Appreciation Day! Each month will feature a leader from different faith or human. Oppenheimer upped their price target on shares of Amazon.com from $130.00 to $135.00 and gave the stock an outperform rating in a report on Friday, February 3rd.

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