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The fund owned 10,349 shares of the e-commerce . 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. 1 of 2. Now, six years later, Wellspring is taking the reins. 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. Trevor Gibbons 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. Innovative talent drives the aging industry forward. While Labor Day is the more official holiday, it never hurts to have another day to . Theyre no strangers to the home health marketplace, Kulik said. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Featuring c-suite executives and industry leaders shaping the future of palliative care. Financial terms, NEW YORKWellspring Capital Management LLC (Wellspring) today announced the closing of Wellspring Capital Partners V LP (Fund V) with capital commitments totaling $1.2 billion. 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. from 8 AM - 9 PM ET. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $4.4 billion of private equity capital. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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.. Across our business, everywhere we look, weve found new growth opportunities. 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. document.write(new Date().getFullYear()); Headquartered in, NEW YORK Wellspring Capital Management LLC (Wellspring) announced today that its portfolio company API Heat Transfer (API or the Company) has completed a recapitalization, including a new $300 million first-lien credit facility. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. The companys franchise business model is unique in health care. Donald Trump calls for contest to charter 10 new cities on Federal Land. 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. ABOUT GAMUT CAPITAL MANAGEMENT Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Financial terms of the transaction were not disclosed. Help at Home which provides home care to 67,000 clients through its 169 locations in 13 states is reportedly attempting to go public by years end. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. 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. The disclosure for this sale can be found here. 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. 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. LEARN MORE. Headquartered in Hunt Valley, Maryland, HealthPRO Pediatrics is a national leading provider, Newtown Square, Pennsylvania, February 25, 2022 SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that Bill Leith, the Companys founder, has become its Executive Chairman, and Todd Renehan has been appointed the Companys President and Chief Executive Officer. . Since its founding in 1995, Wellspring 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. Abuja, Federal Capital Territory, Nigeria. 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. 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. For his latest line of textiles, Ho turned to his wellspring of inspiration once more, drawing from the perfectly balanced natural elements and harmonious color palettes of Kyoto. Robert will assume the role on Jan. 17, 2022. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). Wellspring School Support System. 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. Terms of the transaction were not disclosed. "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.". Hoffmaster Group, Inc. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. And while its continued involvement is not surprising, its still a good sign for the health of industry, Mark Kulik, the managing director of M&A advisory firm The Braff Group, told HHCN. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. La Chaux-de-Fonds-Est railway station (French: Gare de La Chaux-de-Fonds-Est) is a railway station in the municipality of La Chaux-de-Fonds, in the Swiss canton of Neuchtel.It is located on the 1,000 mm (3 ft 3 + 3 8 in) La Chaux-de-Fonds-Glovelier line of the Chemins de fer du Jura.. Services. Second, Wellsprings business has continued to grow, and grow, and grow. Jim Parker is a subculture of one. 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. 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. 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. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Ranked #1 for the third year in a row by Entrepreneur magazine, franchisees employ nurses, therapists, aides, companions and other healthcare professionals who provide 25 million hours of home care service to 200,000 people each year, meeting a variety of home health, senior care, hospice, palliative care, pediatric care and healthcare staffing needs. 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Financial terms of the transaction were not disclosed. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Over the past six years, there have been around a dozen large-scale home-based care franchises acquired, with private equity typically leading the charge. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Happy National Employee Appreciation Day! 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. Financial terms of the transaction were not disclosed. All rights reserved. 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. I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. 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. Financial terms of the transaction were not disclosed. 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. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. Pro-gamut@prosek.com, 2022 Wellspring Capital Management Group LLC |, Hoffmaster Group, Inc. Acquires Paterson. Expansion to Serve More Kids + Support Families, Cadence Group, a Wellspring-Backed Company, Appoints Neal Zuzik as COO of Cadence Group, Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group, Wellspring Sells Paragon Films To Rhne Group, Rohrer Corporation Acquires Jay Packaging Group, Rohrer Corporation Expands Leadership Team, Wellspring Capital Management Acquires Caring Brands International, Rohrer Corporation Acquires Coburn Carton Solutions, Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network, Center for Diagnostic Imaging Relaunches As RAYUS Radiology, Marking Major Step As It Accelerates Its National Growth Plan, Wellspring Capital Acquires Rohrer Corporation, Wellspring Capital Management Announces Three-Year Corporate Sponsorship of Squash Haven Annual Fundraising Event, Wellspring Capital Management Recapitalizes HealthPRO Heritage, Center for Diagnostic Imaging Appoints New CEO to Lead National Growth Strategy, Center For Diagnostic Imaging Appoints New Ceo To Lead National Growth Strategy, Wellspring Capital Announces Organizational Updates and New Hires, Help at Home Acquired by Centerbridge Partners and The Vistria Group From Wellspring, Wellspring Capital Management Acquires Cadence Petroleum Group. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. This is an important acquisition for Hoffmaster as we bring together two leaders in the premium foodservice disposables category, said Rory Leyden, CEO of Hoffmaster Group, Inc. We are looking forward to the opportunities that will result from the combined strengths of the two companies. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. Neal will assume the role on Feb. 7, 2022. Established in 1946, Resco is a leading provider of custom-designed premium-quality, LAKE FOREST, ILProlamina Corporation (Prolamina or the Company) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (Packaging Dynamics) located in Kaukauna, Wisconsin. But for Wellspring, the timing of a fundraise in 2022 was perfect. All Rights Reserved. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. Receive industry updates and breaking news from HHCN. Because PE firms usually buy, bolster, then sell portfolio investments in four- to seven-year windows, transactions tend to come in waves. Financial terms were not disclosed. Ukrayinska Pravda (Ukraine), by Staff Original Article. 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. Home; About Us; Investment Approach. Wellspring Capital Management is a leading private equity firm headquartered in New York. Founded in 1971 in Montgomery,, NEW YORK, NYWellspring Capital Management LLC (Wellspring) and Hancock Park Associates (HPA) today announced that Wellspring has acquired Resco Products, Inc. (Resco or the Company), a leading North American producer of value-added refractory solutions, from HPA. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. All rights reserved. And much more. 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. 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. 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. 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. EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. To date, the firm has raised in excess of $4 billion via six PE funds. 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. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Were pretty sure these two trends are connected. The past few years have been intensely disruptive. [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. Wellspring Capital Management is a leading private equity firm headquartered in New York. North Shore business briefs. 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. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Managing Director at Wellspring International Capital Partners, LLC 1d Market participants will receive a slate of earnings news this week with many of the notable names coming out of the. A biopsy came back and confirmed the "skin lesion" was cancerous. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. 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). Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. 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"). Hedge funds and other institutional investors own 57.64% of the companys stock. 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. 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.. Founded in 1947, Hoffmaster is a leading, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into an agreement to sell its portfolio company ProAmpac, a leading global flexible packaging company, to Pritzker Group Private Capital. 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. Financial terms of the agreement were not disclosed. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. Science and innovation will be key to lighting the path to a brighter future. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. Wellspring is obviously a very well established, major fund, and theyve got a great track record. 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.". In the words of one of our investors, we are committed to do what we are already doing well just much more of it.