Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. 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. Terms of the transaction were not disclosed. Wellspring is obviously a very well established, major fund, and theyve got a great track record. HHCN is part of the Aging Media Network. 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: . Wellspring Capital Advisors - Crunchbase Company Profile & Funding Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company La Chaux-de-Fonds - Wikipedia Patersons Nevada location increases access to the West, strengthening our national footprint. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. 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. 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. Ukrayinska Pravda (Ukraine), by Staff Original Article. Jim Parker is a subculture of one. 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. Wellspring Financial Advisors LLC Trims Stake in Amazon.com, Inc Lucianne.com News Forum - Video - Scientists Find Corridor Inside <br Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. Prosek Partners The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. Nominate a future leader who is redefining the standard of hospice care. 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. Wolf. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Wellspring Capital Management is a leading private equity firm headquartered in New York. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. 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. Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon is a, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Center for Diagnostic Imaging (CDI), a leading independent provider of outpatient diagnostic imaging services. DeSantis may remove another Florida prosecutor from office. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. A biopsy came back and confirmed the "skin lesion" was cancerous. Read more from Mike Saratoga Springs Task Force on Homelessness meets for first time War in Ukraine. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. 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. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. Aspen Education Group - Wikipedia Financial terms of the transaction were not disclosed. 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. Lincoln International's Global Industrials Group Reports Another Strong The past few years have been intensely disruptive. Alberta premier says landing missed on limp handshake with prime minister 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. document.write(new Date().getFullYear()); You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. This represents an opportunity far beyond Wellsprings own growth interests. North Shore business briefs | News | salemnews.com The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Robert will assume the role on Jan. 17, 2022. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence 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. By teaming up with strong management, Wellspring is able to unlock underlying value and 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. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Hoffmaster Group, Inc. Financial terms of the transaction were not disclosed. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Combined, Caring Brands and its three subsidiaries Interim Healthcare (U.S.), Bluebird Care (U.K, Ireland), and Just Better Care (Australia) operate from more than 550 locations globally owned by more than 350 franchisees, generating $1.3 billion in system-wide revenues each year, according to PE Hub. 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. 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. Mar 1, 2023. Privacy - Wellspring Capital 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. 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. 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. document.write(new Date().getFullYear()); Wellspring CEO takes leave after explosive rape allegations against his son Other hedge funds and other institutional investors have also made changes to their positions in the company. Hoffmaster Group acquires Nevada paper company | Latest News Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Science and innovation will be key to lighting the path to a brighter future. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. [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. 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. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Financial terms of the transaction were not disclosed. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. | 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.