Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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. This partnership enables us to continue our exceptional service with expanded capabilities to our combined customer base., On behalf of the Paterson team, we look forward to joining the Hoffmaster organization, said Joe Buckley, President of Paterson Paper. And much more. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Yet this period also yielded profound advancements. Wellspring Capital Management is a leading private equity firm headquartered in New York. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. 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. While the last big wave came several years ago, it appears another one is underway in 2021. But for Wellspring, the timing of a fundraise in 2022 was perfect. 12.70% of the stock is currently owned by company insiders. Wolf. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. 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. Swifts management team invested alongside Wellspring in the transaction. Financial terms of the transaction were not disclosed. Supply chain issues. To find out more about Just Better Care visit justbettercare.com. Robert will assume the role on Jan. 17, 2022. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Founded, MONTREAL, CANADAWellspring Capital Management and Harold Bevis, Chairman and Chief Executive Officer of Packaging Solutions Holdings, announced that Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets from Vincent Musacchio. 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. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. 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.. February 28, 2023 by Daniel Gutierrez Leave a Comment. Terms of the transaction were not disclosed. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs, with multiples reaching 26x in 2020. 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. The Great Resignation. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. The past few years have been intensely disruptive. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Financial terms of the transaction were not disclosed. is reportedly attempting to go public by years end, Seniors Helpers acquired by Advocate Aurora Healths investment arm, PE Firm RiverGlade Capital acquired Home Helpers, How Immigration Adjustments Could Alter The Entire Home-Based Care Landscape, A Look Behind The Curtain At April Anthonys New Home Health Company, VitalCaring, HHCN+ Report: The Pros and Cons of Certificate of Need Regulations in Home Health Care, Electronic Visit Verifications Bumpy Rollout In Home-Based Care Continues, More Payers Leaning Into High-Acuity, At-Home Care Could Be Game Changer, Paving the Path for Staffing Certainty Actionable Strategies for Executives, Home-Based Care Growth Plans and Financial Health. On its end, Interim HealthCare is a franchise company that provides home health, senior care, hospice, palliative care, pediatric care and health care staffing services through over 330 locations in the U.S. and Saudi Arabia. from 8 AM - 9 PM ET. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Financial terms of the transaction were not disclosed. Hospice News is part of the Aging Media Network. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Second, Wellsprings business has continued to grow, and grow, and grow. ABOUT GAMUT CAPITAL MANAGEMENT The forecasts range from a low of $10.10 to a high of $14.18. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. | 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. Fulida, together with Zhejiang Fulida Ltd, which had established a minority equity position along with a strategic supply agreement with Neucel in 2010, is now assuming full ownership of the company. 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). Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Innovative talent drives the aging industry forward. 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. Terms of the transaction were not disclosed. 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. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. 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. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. Financial terms of the transaction were not disclosed. The fund owned 10,349 shares of the e-commerce . 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. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. 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. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . Wellspring Capital Management is a leading private equity firm headquartered in New York. The procedure occurred on February 16th but was not revealed to the public at the time. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). 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. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Wellspring Capital Management is a leading private equity firm headquartered in New York. Financial terms of the, Center 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. 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. LEARN MORE, SPONSORED BY: 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). Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. If you are interested in seeing our DEI Policy, please contact us at info@wellspringcapital.com. As the newest addition to the Wellspring family, we feel fortunate to partner with an organization that is rooted in the health care industry and recognizes the value home-based health care provides.. Politico, by Gary Fineout Original Article. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. 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 . 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. The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. (646)818-9238 Posted By: Dreadnought, 3/2/2023 1:09:09 AM TALLAHASSEE, Fla. Florida Gov. Wellspring is obviously a very well established, major fund, and theyve got a great track record. Wellspring Capital Management is a leading private equity firm headquartered in New York. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. What is a Good Dividend Yield?
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