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. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint We are deeply appreciative of the overwhelming and continued excitement for investing in the home health care space, Jennifer Sheets, the president and CEO of Caring Brands International and Interim HealthCare, said in a statement shared with Home Health Care News. Ron DeSantis appears poised to suspend another prosecutor from office, this time zeroing in on how a central Florida state attorney dealt with the 19-year-old man accused of killing three people in Orlando . Financial terms of the transaction were not disclosed. Wellspring Capital-Backed RAYUS Radiology Acquires Diagnostic Centers Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Wellspring's objective is to bring partnership, experience and value creation to each investment. Russell Ballew, CFP on LinkedIn: Weekly market guide "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.". 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. Receive industry updates and breaking news from HHCN. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. After Geneva, Lausanne and Fribourg, it is the fourth largest city located in the Romandie, the French-speaking part of the country, with a population (as of December 2020) of 36,915. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Marketing Communications Manager Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network | Markets Insider Markets Stocks Indices Commodities. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. For more information, visit www.patersonpaper.com. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. By teaming up with strong management, Wellspring is able to unlock underlying value and La Chaux-de-Fonds (French pronunciation: [laodf]) is a Swiss city in the canton of Neuchtel.It is located in the Jura mountains at an altitude of 1000 m, a few kilometers south of the French border. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Financial terms of the transaction were not disclosed. Why Wellspring Chose to Raise Capital in 2022 Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. All rights reserved. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. 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. Terms of the transaction were not disclosed. 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. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Middle Market Private Equity. AMZN has been the topic of a number of research analyst reports. But that uncertainty also drives heightened potential for positive change. All rights reserved. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. Tracing its heritage back to 1966, CBI is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia). Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf 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. Patersons Nevada location increases access to the West, strengthening our national footprint. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. Given the specter of inflation and recession, much has been written lately about the funding environment. Wellspring Capital Management is a leading private equity firm headquartered in New York. Home Health Care News Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. 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. 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). Regarding the acquisition, Naishadh Lalwani, a Partner at Wellspring, offered: "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. Wellspring Capital Management Appoints Robert Craycraft as CEO of We have a head start in assembling a vast corpus of actionable data from across the worldwide innovation landscape everything from research projects to startups to product development and beyond. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Financial terms, CARENCRO, La.OMNI Energy Services Corp. (NASDAQ GM: OMNI), a leading provider of environmental services and seismic services to the domestic oil and gas industry, today announced that it has entered into a definitive agreement under which an affiliate of Wellspring Capital Management LLC (Wellspring) will acquire all of OMNIs outstanding shares for $2.75 per share, NEW YORKWellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Busters, Inc. to Oak Hill Capital Partners, in partnership with the companys management team. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. | 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. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. [It] is a perfect fit with our history of investing in care in and around the home and we are excited to support the next phase of growth for the Company and its market-facing brands., Caring Brands International, Interim Healthcare, Wellspring Capital Management LLC. 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. Privacy - Wellspring Capital Specializing in print and converting paper products and located in Sparks, Nevada, Paterson is majority-owned by members of the Buckley family and a committed group of outside shareholders. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Oppenheimer & Co. Inc. Sells 31,220 Shares of Amazon.com, Inc. (NASDAQ:AMZN), Enstar Group Limited (NASDAQ:ESGR) Holdings Increased by Credit Suisse AG, Get a free copy of the StockNews.com research report on Amazon.com (AMZN). 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. Innovative talent drives the aging industry forward. Terms of the agreement were not disclosed. NEW YORK Blackstone (NYSE:BX) and Wellspring Capital Management LLC (Wellspring) today announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Tradesmen International, LLC (Tradesmen), the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, from Wellspring. 20230304 Joe Biden Didn't Win Daily Thread - The Q Tree The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. 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. HHCN is part of the Aging Media Network. Theyre also comfortable with international expansion, which is a whole different set of expertise., Bluebird Care, Caring Brands International, Help at Home, Interim Healthcare, Just Better Care, Levine Leichtman Capital Partners, The Braff Group, Wellspring Capital Management. Financial terms of the transaction were not disclosed. Abuja, Federal Capital Territory, Nigeria. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. The addition of Coburn to Rohrer strengthens Rohrers printed folding carton capabilities with the strengthening of structural design, addition of large-format printing, and expertise in, RAYUS Radiology, formerly Center for Diagnostic Imaging, a leading national provider of advanced diagnostic and interventional radiology, announces the acquisition of Foundation Radiology Group, aPittsburgh-based, full-service radiology provider with more than 100 radiologists delivering on-site and tele-radiology services to more than 45 health systems, community hospitals, prominent academic medical centers and outpatient imaging facilities across, MINNEAPOLIS,June 28, 2021/PRNewswire/ Center for Diagnostic Imaging (CDI), the nations leading subspecialty practice for advanced diagnostic and interventional radiology, announced its rebranding as RAYUS Radiology, a major milestone in the companys 40-year history and indicator of its massive national growth and expansion plans. 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. There's a genuine sense not just of excitement, but surprise, in country star Sara Evans' voice as she bwegins talking about her latest album, "Copy That," in a recent phone interview. Wellspring Capital Management is a middle-market private equity financing firm. Yet this period also yielded profound advancements. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Significant legal events involving law firms, companies, industries, and government agencies . Were pretty sure these two trends are connected. The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. Designer Jiun Ho draws inspiration from Kyoto's natural beauty. 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. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. Lucianne.com News Forum - Sen. John Kennedy Delivers Glorious Remarks Wellspring formed ProAmpac in August 2015 through the merger of Prolamina Corporation and, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into a definitive agreement to sell its portfolio company National Seating & Mobility (NSM) to Court Square Capital Partners. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. Gamut Capital Management, a New York-based middle market private equity firm, led an equity investment in Hoffmaster through affiliates of its second institutional fund, Gamut Investment Fund II, L.P. Gamut will partner with existing shareholder, Wellspring Capital Management, L.P., to complete the acquisition and support Hoffmaster in driving . 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. We have a strong and growing client footprint throughout the global Knowledge Supply Chain, from government agencies to research institutions to corporations to startups. Wellspring Capital Management is a leading private equity firm headquartered in New York. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. 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. Civilians flying into space. Its very hard for one person, one company or one organization to have all of the parts. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will investigate the claims of Dawson's threats, according to an internal memo seen. LEARN MORE. Wellspring is no stranger to the home health care marketplace. For additional information, please visit www.wellspringcapital.com. Jim Parker is a subculture of one. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Through it all, weve seen two enduring trends. Hospice News is the leading source for news and information covering the hospice industry. Donald Trump calls for contest to charter 10 new cities on Federal Land. (646)818-9238 Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. HOFFMASTER MEDIA CONTACTBree Gaber HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. We encourage our portfolio companies to do the same within their own industries. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. 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. Financial terms were not disclosed. Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Wellspring Capital Management is a leading private equity firm headquartered in New York. JP Morgan Initiates Coverage of Eve Holding (EVEX) with Overweight The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT Wellspring Capital Management - Crunchbase Youve got the Choose Home legislation, and that looks pretty solid right now. 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. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised 1 of 2. This represents an opportunity far beyond Wellsprings own growth interests. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then.