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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 . I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. Nov 2022 - Present5 months. Nominate a future leader who is redefining the standard of hospice care. We are Wellspring Capital Management Group LLC. 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. 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. Civilians flying into space. Innovative talent drives the aging industry forward. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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. 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. 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. The companys franchise business model is unique in health care. Financial terms of the transaction were not disclosed. HHCN is part of the Aging Media Network. But for Wellspring, the timing of a fundraise in 2022 was perfect. HOFFMASTER MEDIA CONTACTBree Gaber 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. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. document.write(new Date().getFullYear()); For additional information, please visit www.wellspringcapital.com. 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. All Rights Reserved. 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. 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. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network of diagnostic imaging clinics, MINNEAPOLIS, Minn; March 8, 2021Center 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. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Terms of the transaction were not disclosed. 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. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. 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. 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. LEARN MORE. 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. 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. DeSantis may remove another Florida prosecutor from office. [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. Were pretty sure these two trends are connected. Home; About Us; Investment Approach. 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. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. 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.". Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. 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. ABOUT PATERSON Swifts management team invested alongside Wellspring in the transaction. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. 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. The team, assets and know-how of Excel Pac join Jen-Coat and a new greenfield, PORT ALICE, BCFulida Group Holdings Ltd (Fulida) has purchased Neucel Specialty Cellulose from a consortium of investors led by Wellspring Capital Management. How do you control the overall continuum? Specializing in print and converting paper products and located in Sparks, Nevada, Paterson is majority-owned by members of the Buckley family and a committed group of outside shareholders. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Wellspring Capital Management is a leading private equity firm headquartered in New York. Hospice News Their most recent acquisition was Caring Brands International on Oct 25, 2021. 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. 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. 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. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. Wellspring Capital Management is a leading private equity firm headquartered in New York. Massive opportunities to build a better world. 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. Abuja, Federal Capital Territory, Nigeria. Hoffmaster Group, Inc. 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. Leveraging my 30 years of, 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. 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. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Financial terms of the, NEW YORK, October 19, 2016 Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has agreed to acquire Hoffmaster Group, Inc. (Hoffmaster), a leading North American manufacturer of disposable tableware, from Metalmark Capital. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Daily and real-time news and case alerts on organizations, industries, and customized search queries. 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. Bluebird Care started as a small family business in 2004 and through franchising the business model in 2006, the organisation is today one of the largest providers of homecare, live-in care and support services across the United Kingdom and Republic of Ireland. Yet this period also yielded profound advancements. 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. The . 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. Trevor Gibbons 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. Wolf. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). 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. *Tracking student experiences across online and offline channels, devices etc. Posted By: Imright, 3/2/2023 6:17:00 PM A hidden corridor was found recently inside the Great Pyramid of Giza in Egypt, thanks to researchers' year-long effort. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. 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. Dave & Busters was acquired by Wellspring Capital in 2006. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the first quarter. 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. Hospice News is the leading source for news and information covering the hospice industry. Financial terms were not disclosed. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . AMZN has been the topic of a number of research analyst reports. The acquisition of Help at Home from Wellspring Capital, which will remain a minority investor in the company, closed yesterday., Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has partnered with management to acquire Cadence Petroleum Group (Cadence), a leading distributor of lubricant and fuel products across the Southeast and Mid-Atlantic. 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. 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. Science and innovation will be key to lighting the path to a brighter future. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Renehan joined SupplyOne, ASHEBORO, N.C., February 7, 2022 Cadence Group today announced that Neal Zuzik has been selected as Cadence Groups new chief operating officer. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. 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.. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Financial terms of the transaction were not disclosed. 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. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. The firm's objective is to bring partnership, experience and value creation to each investment. The Great Resignation. The fund owned 10,349 shares of the e-commerce . Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. The firm's objective is to bring. Financial terms of the transaction were not disclosed. 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. Financial terms of the transaction were not disclosed. Featuring c-suite executives and industry leaders shaping the future of palliative care. The forecasts range from a low of $10.10 to a high of $14.18. Marketing Communications Manager *Maintaining record of all the organization's customers. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Financial terms were not disclosed. To learn more, please visit www.gamutcapital.com. 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. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. 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.