Connie Loizos
Fifteen-year-old HealthGrades, a health care ratings company based in Denver, has announced two related senior management changes: founder and CEO Kerry Hicks will become chair of HealthGrades’s board of directors; meanwhile, current chair Roger Holstein will become CEO, assuming responsibility for the company’s day-to-day operations. HealthGrades was acquired by an affiliate of the private equity […]
Houston-based Distribution International (DI) Holdings has appointed Robert Rayner to its board of directors. DI distributes marine insulation and related specialty fabricated products. Mr. Rayner previously served as president and CEO of Specialty Products & Insulation (“SPI”), a distributor of insulation and architectural products. DI is a portfolio company of Boston-based Audax Group. PRESS RELEASE: […]
Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources told Reuters earlier today, with a sale seen generating around $500 million. Gulf Capital, which has around $1 billion of assets under management, is planning to exit two investments in 2012, including GMS, […]
Publicly traded Mentor Capital, a San Diego-based firm that acquires and invests in “leading-edge” cancer companies, has agreed to pay $5 million for a 50 percent ownership stake in Houston-based Brighter Day Health, pending shareholder approval. Brighter Day provides face-to-face doctor interaction through secure computer video set-ups for health care delivery at nursing homes and […]
Universal American Corp., an insurance company specializing in Medicare coverage, announced Wednesday that it is acquiring APS Healthcare, which sells a range of specialty healthcare offerings, including disease management and care coordination, clinical quality and utilization review, and behavioral health services to its 400 customers, including Medicaid agencies. PRESS RELEASE: Universal American Corp. UAM -6.80% today […]
Earlier this week, Monroe Capital, a Chicago-based private investment firm that provides senior and junior debt and equity investments to middle-market companies, announced the funding of a $21 million junior term loan and equity investment in Benton-Georgia, natural gas pipeline construction services company. Monroe worked in partnership with Wells Fargo Bank, which provided a $30 million […]
Oak Hill Advisors, a private equity firm that specializes in below investment grade credit markets, has named three employees partners of the firm: Alexandra Jung, Adam Kerzner, Jeffrey Kirt, and Thomas Wong. Oak Hill has offices in London; New York; Fort Worth, Tex.; and Sydney, Australia. PRESS RELEASE: Oak Hill Advisors, L.P. (“Oak Hill Advisors”) […]
DC Community Ventures (DCCV), a community development venture capital firm based in Washington, DC, announced today that it has provided $400,000 of mezzanine debt financing to support the growth of Baltimore-based IT outsourcing and consulting provider Catalyst IT Services. PRESS RELEASE: DC Community Ventures (DCCV), a community development venture capital firm based in Washington, DC, […]
Cowen Healthcare Royalty Partners, a healthcare investment firm based in Stamford, Conn., has closed it second fund with roughly $1 billion in capital commitments — more than 75 percent of its initial target, according to the firm. Similar to its first fund, Cowen Royalty will target investments between $20 million and $100 million in the U.S., […]
Chicago-based Cressey & Co, a healthcare-focused private equity firm, has promoted two longtime employees to partner and another to principal. Merrick Axel, one of Cressey’s newest partners, joined the company in 2005. David Schuppan, the firm’s second new partner, has been with the company since 1999. Dave Rogero, its newly appointed principal, has worked for […]