Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. 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. 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. As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Civilians flying into space. 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 Just Better Care mission is to provide high quality personalised services "just for you" to those requiring assistance to live independently and thrive personally. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. Because PE firms usually buy, bolster, then sell portfolio investments in four- to seven-year windows, transactions tend to come in waves. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. 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. Its very hard for one person, one company or one organization to have all of the parts. 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. 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. "I mean, I hate to say this because I never want to sound insincere, but this could honestly be my favorite record I've ever done," Evans says. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. A biopsy came back and confirmed the "skin lesion" was cancerous. First, the world is counting on innovation more now than at any point in the past half-century (at least). The procedure occurred on February 16th but was not revealed to the public at the time. 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). Science and innovation will be key to lighting the path to a brighter future. 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. 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. 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.". Just Better Care currently has over 40 independently owned and operated franchise territories covering NSW, Queensland, Victoria, the ACT, Western Australia and the successful franchisor is currently expanding its footprint of local offices into Tasmania. NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of. 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. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Telsey Advisory Group cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an outperform rating on the stock in a report on Tuesday, January 24th. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Financial terms of the transaction were not disclosed. 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. . Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. 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. Terms of the transaction were not disclosed. Financial terms of the transaction were not disclosed. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. ABOUT PATERSON This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. 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.. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. [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. 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. 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 . Financial terms of, WADSWORTH, OHIO, Dec. 16, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Jay Packaging Group, a premier specialty printing and thermoforming company. 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. Aspen Education Group is an American company specializing in providing therapeutic interventions for adolescents and young adults, including wilderness therapy programs, residential treatment centers, therapeutic boarding schools, and weight loss programs. Today, Wellspring announced a significant capital raise. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. HOFFMASTER MEDIA CONTACTBree Gaber *Updating customer records after each interaction. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. 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. Financial terms of the transaction were not disclosed. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. When typing in this field, a list of search results will appear and be automatically updated as you type. Hoffmaster will assume operations for Paterson as part of its family of production facilities. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. NEW YORK , August 23, 2022 Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of WellSpring Consumer Healthcare ("WellSpring"), a developer and marketer of leading over-the-counter ("OTC") and personal care brands, from Audax Private Equity. CBI offers franchises under three brands: Interim HealthCare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). 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. (646)818-9238 Neal will assume the role on Feb. 7, 2022. Posted By: Dreadnought, 3/1/2023 2:03:11 PM Russia has lost a large-scale tank battle for Vuhledar in Donetsk Oblast, getting ambushed by the Armed Forces of Ukraine just as it did during the attack when using tank convoys at the beginning of the full-scale invasion. Hoffmaster will assume operations for Paterson as part of its family of production facilities. NEW YORK Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. That merger ultimately formed the Addison, Texas-based Elara Caring. Financial terms of the agreement were not disclosed. Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. Founded in 1996 and headquartered in Milwaukee, Wisconsin, Steele, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, announced that it has closed the acquisition of Lucky Strike Entertainment, LLC, an operator of upscale entertainment venues with 21 locations in the United States. Russia loses major tank battle for Vuhledar due to ambushes NYT. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. The company in 2020 ranked No. 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. Theyre no strangers to the home health marketplace, Kulik said. February 28, 2023 by Daniel Gutierrez Leave a Comment. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "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.". Gamut Capital Management, L.P. (Gamut), 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. (Wellspring), to complete the acquisition and support Hoffmaster in driving further value creation for its stakeholders. 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. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. To learn more about Hoffmaster, visit www.hoffmaster.com. 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. Financial terms of the transaction were not disclosed. 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. 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. Investment Philosophy; Target Investments; Portfolio The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. 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. For more information, visit www.patersonpaper.com. Wellspring acquired Susser in, NEW YORKWellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company OMNI Energy Services Corp. to Gibson Energy Inc. (TSX: GEI) in a transaction valued at $445 million. LEARN MORE. Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Nov 2022 - Present5 months. The Fed is nearing the end of its tightening cycle. By teaming up with strong management, Wellspring is able to unlock underlying value and Since investing in 2015, we have completed numerous add-on acquisitions (both domestic and abroad), driven the increased adoption of Caring Brands higher-acuity service lines (especially hospice and home health), and added a company-owned branch strategy to further accelerate growth.. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. March 4, 2023 01:01. Terms of the transaction were not disclosed. And much more. Featuring c-suite executives and industry leaders shaping the future of palliative care. Hedge funds and other institutional investors own 57.64% of the companys stock. 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. Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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). Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. 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. 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. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Wellspring Capital Management is a leading private equity firm headquartered in New York. document.write(new Date().getFullYear()); 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 firm's objective is to bring. 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. In this post, Id like to focus on the bigger picture why it made sense to raise a fresh round of capital, why 2022 was the right time, and why Im deeply excited for Wellsprings future. 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. document.write(new Date().getFullYear()); Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. 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. Posted by MarketBeat News on Mar 4th, 2023. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Financial terms of the transaction were not disclosed. Wellspring Capital Management is a leading private equity firm headquartered in New York. ABOUT GAMUT CAPITAL MANAGEMENT Wellspring Capital Management is a leading private equity firm headquartered in New York. Those positives have pushed some sidelined buyers into the game, giving them more confidence to strike a deal. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. Wellspring, the domestic violence and sexual assault resource for Saratoga County, is partnering with Skidmore College to bring New York Times reporter and best-selling author Megan Twohey, to Skidmore's Arthur Zankel Music Center on Monday, April 10 at 6: . Caring Brands International and their franchisees and operators have developed a stellar reputation of empowering individuals to live life on their own terms and we are excited to partner with Jennifer and team to continue to grow that mission.. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith Terms of the transaction were not disclosed. Financial terms of the transaction were not disclosed.