Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. 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. 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. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Financial terms of the transaction were not disclosed. But for Wellspring, the timing of a fundraise in 2022 was perfect. Abuja, Federal Capital Territory, Nigeria. 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. 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 distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Accepting submissions for 2023 starting February 1st. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nations premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. 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. Hospice News is the leading source for news and information covering the hospice industry. Theyre no strangers to the home health marketplace, Kulik said. 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. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. That merger ultimately formed the Addison, Texas-based Elara Caring. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Wellspring Capital Management is a leading private equity firm headquartered in New York. Analyst Price Forecast Suggests 119.51% Upside. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. NEW YORK Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. SPONSORED BY: The recognition that companies, universities, and government agencies can work collaboratively and successfully for scientific advancement led to a golden age of innovation not just in the US, but around the world. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. 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). Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. Squash Haven empowers New Haven public school students to strive for and maintain school success and physical, Wellspring Capital Management (Wellspring), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO Heritage, a leading provider of contract therapy services across the postacute continuum. 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. Prosek Partners Caring Brands International 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.. 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. Talk about your Friday news dump. To learn about Paterson, visit www.patersonpaper.com. *Maintaining record of all the organization's customers. Wellspring School Support System. 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 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.. 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 . Such statements are based on managements current reasonable and good faith expectations. 1 of 2. We are Wellspring Capital Management Group LLC. 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. All rights reserved. Wellspring is obviously a very well established, major fund, and theyve got a great track record. Nov 2022 - Present5 months. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. 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. 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. Trevor Gibbons Through it all, weve seen two enduring trends. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. 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. Wellspring is no stranger to the home health care marketplace. Wolf. The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for [all] stakeholders, Matthew Frankel, a managing partner at the firm, said in a statement. Human-like AI programs. Home; About Us; Investment Approach. The Great Resignation. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. The past few years have been intensely disruptive. 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. AMZN has been the topic of a number of research analyst reports. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. 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. 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. The capital of Japan for more than a thousand years, until the mid-19th century . Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said.
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