The capital of Japan for more than a thousand years, until the mid-19th century . CBI's branches and franchisees offer individuals and strategic partners a full continuum of care including skilled nursing, assistance with daily living activities and end-of-life hospice care. 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. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. Trevor Gibbons A global pandemic. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. NEW YORK (October 26, 2021)Wellspring Capital Management, a leading private equity firm headquartered in New York, announced that it has partnered with management to complete the acquisition of Caring Brands International, Inc. (CBI). 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. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. 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. 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. Headquartered in Nashville, Tennessee, NSM, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company Cleaver-Brooks, Inc. (Cleaver-Brooks or the Company), a leading provider of boiler room solutions, to Harbour Group. All rights reserved. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT 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. Receive industry updates and breaking news from Hospice News, What Gentivas Expanded Hospice Presence Means for the M&A Mix, RAND Corp.: Families Report Better Care from Nonprofit Hospices, AAHPM Board President-Elect Holly Yang: Hospice Regulators Need to Consider Perspectives of Bedside Staff. 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. For additional information, please visit www.wellspringcapital.com. 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. 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. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. To find out more about Just Better Care visit justbettercare.com. Those positives have pushed some sidelined buyers into the game, giving them more confidence to strike a deal. It operates through the following segments: North America, International, and Amazon Web Services (AWS). 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. Wellspring Capital Management Acquires Cadence Petroleum Group COVID vaccines brought to market in record time. Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Wellspring Capital Acquires Caring Brands International Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . Avista Capital Partners Acquires WellSpring Consumer Healthcare Hoffmaster will assume operations for Paterson as part of its family of production facilities. The acquisition will encompass Packaging Dynamics extrusion laminating, 10-color, EAST BLOOMFIELD, NYWellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. And much more. War in Ukraine. Prosek Partners Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and . 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. North Shore business briefs | News | salemnews.com Wellspring Capital-Backed RAYUS Radiology Acquires One Of The - Insider Wellspring Capital Management is a middle-market private equity financing firm. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. Financing for this transaction was provided by Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Hospice News is the leading source for news and information covering the hospice industry. LEARN MORE, SPONSORED BY: My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. 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. Established in 2005, Just Better Care is one of Australia's largest accredited franchised providers of in-home home care services in Australia, delivering in-home social and lifestyle support services that enable people to live independently. The past few years have been intensely disruptive. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. Over the past year and throughout 2021, delivery and access to high-quality home-based health care services has never been more essential, and it is rewarding to see such a positive market reaction, said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. 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.. Together, the CBI brands represent 550 locations operated by more than 250 franchise owners and operators that produce over $1.3 billion of system wide sales annually. 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. 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. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. ABOUT GAMUT CAPITAL MANAGEMENT NEW YORK, March 15, 2021 /PRNewswire/ -- Wellspring Capital Management ("Wellspring"), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO. HHCN is part of the Aging Media Network. 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. 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). The Great Resignation. 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. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. 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. Swifts management team invested alongside Wellspring in the transaction. 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. That merger ultimately formed the Addison, Texas-based Elara Caring. 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. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. March 4, 2023 01:01. ABOUT WELLSPRING CAPITAL MANAGEMENT CBI 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.". Innovative talent drives the aging industry forward. Given the specter of inflation and recession, much has been written lately about the funding environment. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will, NEW YORKWellspring Capital Management LLC, a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Analyst Price Forecast Suggests 119.51% Upside. Wellspring Capital Management Acquires Interim - Home Health Care News The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores. Wellspring Capital Management Acquires Paragon Films Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Courtesy of Arim. I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Aspen Education Group - Wikipedia New York-based Wellspring has invested in more than 35 platforms and completed upwards of 60 acquisitions worldwide in a range of industries since 1995, including health care. 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. 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).
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