wellspring capital news

Posted by MarketBeat News on Mar 4th, 2023. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. 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. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Cision Distribution 888-776-0942 Nov 2022 - Present5 months. 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. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. HHCN is part of the Aging Media Network. 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. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). Zscaler, Inc Plummets, Is It Time To Buy The Dip? Politico, by Gary Fineout Original Article. LEARN MORE. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. The . CBI 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.". Their most recent acquisition was Caring Brands International on Oct 25, 2021. Wellspring Capital Management is a leading private equity firm headquartered in New York. Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. Mar 1, 2023. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year. Financial terms of the transaction were not disclosed. And much more. 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. Analyst Price Forecast Suggests 119.51% Upside. Youve got the Choose Home legislation, and that looks pretty solid right now. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Hedge funds and other institutional investors own 57.64% of the companys stock. Hoffmaster Group, Inc. 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. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Wellspring, previously the majority owner of Help at Home, retained a minority stake after selling the business to Centerbridge Partners and The Vistria Group in November 2020. To learn more about Hoffmaster, visit www.hoffmaster.com. In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generated aggregate revenues in excess of approximately $4.5 billion in the last 12 months. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Jim Parker is a subculture of one. 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. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Financial terms of the transaction were not disclosed. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT We appreciate Gamut supporting our strategic initiatives and providing validation of the exciting growth opportunities ahead and look forward to the partnership alongside Wellspring, adds Leyden. 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. Terms of the transaction were not disclosed. 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. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. 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 . We are Wellspring Capital Management Group LLC. Terms of the transaction were not disclosed. Wellspring School Support System. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. 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. 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. 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 . Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced several organizational changes, reflecting the evolution of the firms leadership and positioning the firm for continued success in implementing its investment strategy, which has consistently driven compelling returns for its investors over the past 25 years. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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.. The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. 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 . To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. Theyre no strangers to the home health marketplace, Kulik said. 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. Financial terms were not disclosed. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. 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. 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. Wellspring Capital 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). 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. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. Human-like AI programs. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. This represents an opportunity far beyond Wellsprings own growth interests. 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. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Donald Trump calls for contest to charter 10 new cities on Federal Land. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. 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. Home; About Us; Investment Approach. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Across our business, everywhere we look, weve found new growth opportunities. LEARN MORE, SPONSORED BY: To find out more about Just Better Care visit justbettercare.com. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. March 4, 2023 01:01. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. 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, Naishadh Lalwani, a partner at Wellspring, said in a press release. 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. The forecasts range from a low of $10.10 to a high of $14.18. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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. 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. Given the specter of inflation and recession, much has been written lately about the funding environment. 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Yet this period also yielded profound advancements. 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. Accepting submissions for 2023 starting February 1st. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. Were pretty sure these two trends are connected. 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. Ukrayinska Pravda (Ukraine), by Staff Original Article. Caring Brands is headquartered in Sunrise, FL. With over 200 offices, the Bluebird Care franchise owner network provide over 20,000 visits to customers every day, revolutionising the way high quality and bespoke care is delivered not only to older people, but also to those with specialist care needs, children and their families. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. 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. The Fed is nearing the end of its tightening cycle. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. During the same period in the previous year, the business earned $1.39 EPS. 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. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. LEARN MORE, SPONSORED BY: First, the world is counting on innovation more now than at any point in the past half-century (at least). Hospice News is the leading source for news and information covering the hospice industry. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . Other hedge funds and other institutional investors have also made changes to their positions in the company. It operates through the following segments: North America, International, and Amazon Web Services (AWS). There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. Financial terms of the transaction were not disclosed. A Chicago-based journalist who has covered health care and public policy since 2000, his personal interests include fire performance, the culinary arts, literature, and general geekery. While Labor Day is the more official holiday, it never hurts to have another day to . 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. But for Wellspring, the timing of a fundraise in 2022 was perfect. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Featuring c-suite executives and industry leaders shaping the future of palliative care. Financial terms of the transaction were not disclosed. Hospice News 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. Paterson Pacific Parchment Company - Wellspring Capital. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. 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.". Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. Wellspring is no stranger to the home health care marketplace. 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. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. Talk about your Friday news dump. 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. 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. 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). 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. Financial terms of the transaction were not disclosed. And here at Wellspring, were investing heavily to help drive those solutions forward for a better tomorrow. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. Swifts management team invested alongside Wellspring in the transaction. 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 capital of Japan for more than a thousand years, until the mid-19th century . Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. All rights reserved. Financial terms of the transaction were not disclosed. 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. Founded in 1966 and First in Home Care, Interim HealthCare Inc. is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. 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 also got to believe a lot of tailwinds are lining up, Kulik said. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. 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. How do you control the overall continuum? Wellspring's objective is to bring partnership, experience and value creation to each investment. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. 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. 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. Adding notes to customer records. Prosek Partners Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. Founded in 1973 and a portfolio company of ShoreView Industries since 2009, Rohrer Corporation is a US-based packaging manufacturer headquartered, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced it has committed to being the lead sponsor of Squash Havens marquee fundraising event, the Squash Haven Showdown, for the next three years. 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. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. Each month will feature a leader from different faith or human. 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"). 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 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. Significant legal events involving law firms, companies, industries, and government agencies . Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds.

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