Warburg Pincus

WEX Announces a $400 Million Investment From Warburg Pincus and Amendment to the Credit Agreement | Malvern Daily Record | 6/29/2020

WEX Inc. ( NYSE:WEX ), a leading financial technology service provider, announced today it has agreed to a $400 million dollar investment from an affiliate of Warburg Pincus LLC (together with its affiliate, “Warburg Pincus”) which includes convertible notes in an aggregate principal amount of $310 million and $90 million in common stock through a private placement (the “Private Placement”). The Private Placement is subject to customary closing conditions and is …

Portland-based Wex secures $400 million private investment | 6/29/2020

207-791-6390 Share Portland-based payment technology firm Wex Inc. has secured a $400 million investment from an affiliate of New York-based private equity firm Warburg Pincus LLC, the company announced Monday. The investment is subject to customary closing conditions and is expected to close in the next several days, it said. Wex CEO Melissa Smith Press Herald file photo Wex also has obtained an amendment to its existing senior …

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Chinese radiotherapy firm Hygeia attracts nine cornerstone investors in HK$2.22 billion IPO plan | 6/18/2020

Hygeia Healthcare, China’s largest oncology health care group backed by US private equity firm Warburg Pincus , has obtained commitment from nine cornerstone investors for about half the size of its initial public offering in Hong Kong. The nine, including Hillhouse Capital, China Southern Asset Management, Tiger Pacific Capital, OrbiMed Capital, and Lake Bleu Capital, have offered to subscribe for $143 million worth of stock, according to its listing prospectus published …

Geek+ closes $200M Series C fundraising round for logistics robots | 6/18/2020

… which it claimed was the largest in the industry. The autonomous mobile robot ( AMR ) provider announced $150 million in Series C1 funding last July led by GGV Capital and D1 Capital Partners along with Warburg Pincus . The C2 round, finalized earlier this year, was led by V Fund, along with Redview Capital and Vertex Ventures. “We are thankful for the confidence our investors have in the Geek+ vision, strategy, and …

Chinese companies retreat from US market, fastest pace since 2015 | 6/17/2020

Chinese companies are ditching their U.S. listings at the fastest pace since 2015 as they grapple with rising tensions between Beijing and Washington. The latest is China’s biggest online classified firm 58.com, which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma’s Tencent Holdings said last week it will take Bitauto …

Diversity Interview Series: Jacqueline Kosecoff, Ph.D., Managing Partner of Moriah Partners | 6/17/2020

… an academic background, having served as Professor of Medicine and Public Health at the University of California, Los Angeles. Today she serves as a Managing Partner of Moriah Partners and a Senior Advisor at Warburg Pincus , a private equity investment firm. She sits on the board of directors of several public companies: Houlihan Lokey (NYSE: HLI), Sealed Air Corporation (NYSE: SEE), STERIS Corporation (NYSE: STE), and TriNet (NYSE: TNET). Kosecoff …

China Market Update: Tencent’s IQ Buyout Rumor, Markets Climb The Wall Of Worry | 6/16/2020

… will buy cobalt from Glenore for its Shanghai and planned Berlin plants. Healthcare had a strong day on the unfortunate news of an increase in US cases and Beijing’s flare up. Private equity heavyweights Warburg Pincus and General Atlantic are taking 58.com (WUBA) private for $56 a share or a total valuation of $8.7B. The Craigslist of China is going private as investors failed to give the company a …

China Inc. Pulls Out of U.S. Market at Fastest Pace Since 2015 | 6/16/2020

… as they grapple with rising tensions between Beijing and Washington. The latest is China’s biggest online classified firm 58.com Inc., which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma’s Tencent Holdings Ltd. said last week it will take Bitauto Holdings Ltd. private in a deal valuing the car-listing website …

China Inc. Leaving U.S. Market at Fastest Pace Since 2015 | 6/16/2020

… 2015 as they grapple with rising tensions between Beijing and Washington.The latest is China’s biggest online classified firm 58.com Inc., which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma’s Tencent Holdings Ltd. said last week it will take Bitauto Holdings Ltd. private in a deal valuing the car-listing website …

Chinese companies pull out of U.S. market at fastest pace since 2015 | 6/16/2020

… 2015 as they grapple with rising tensions between Beijing and Washington. The latest is China’s biggest online classified firm 58.com, which on Monday agreed to a buyout deal led by private equity firms Warburg Pincus and General Atlantic. An investor group backed by Chinese tech tycoon Pony Ma’s Tencent Holdings said last week it will take Bitauto Holdings private in a deal valuing the car-listing website at $1.1 …

M&A wrap: Portfolia Rising America Fund, Lorine Pendleton, GenNx 360, MiLA Capital, MoCafi, Barings, 58.com, Insacart | 6/15/2020

… Lives Matter protests against police brutality and racial injustice. Read the story: “Justice doesn’t just happen. It requires action, dedication and accountability,” says one private equity investor. DEAL NEWS An investor group backed by Warburg Pincus and General Atlantic agreed to take 58.com Inc. private in a deal valuing China’s biggest online classifieds firm at about $8.7 billion. The private equity consortium offered to buy out the New York …

Chinese oncology healthcare group Hygeia Healthcare eyes up to $400m HK IPO | 6/11/2020

Hygeia Healthcare, a Chinese oncology healthcare group backed by Warburg Pincus , is planning to float shares on the Hong Kong Stock Exchange (HKEX) as the city board sees the appeal from healthcare and biotech companies for fund raising “rather strengthened” during the pandemic period. Create an account to continue reading our free content. Opt out of receiving The Daily Brief in your inbox everyday Register Already have an account? Sign …

Chinese radiotherapy company Hygeia Healthcare aims to raise up to $400 million in HK IPO amid frenzy of demand for medical debuts | 6/10/2020

… Hong Kong, as the Shanghai-based radiotherapy service provider joins a flurry of IPOs launched by companies in the medical sector riding on strong demand from investors. The company, in which private equity firm Warburg Pincus owns a 17.2 per cent stake through an affiliate company, operates a network of 10 oncology hospitals in six provinces in China, providing over 2,000 beds, according to a listing document posted on the …

Digital health investment has changed, but hardly slowed, during COVID-19 | 6/10/2020

… far had to offer. A recent discussion between health tech investors, however, suggests no shortage of doubt or caution among stakeholders. “We’re in a very strange place right now,” Ruoxi Chen, an associate at Warburg Pincus , said during a recent BIO Digital panel of digital health investors. “For investors, … there’s just increased uncertainty, and when that occurs it becomes harder for us to provide risk, and the crystal ball on …

Warburg Pincus-Backed Hygeia Healthcare Plans Hong Kong IPO - Morningstar | 6/8/2020

Warburg Pincus-Backed Hygeia Healthcare Plans Hong Kong IPO Provided by Dow Jones Jun 8, 2020 1:28 AM UTC By P.R. Venkat Warburg Pincus LLC-backed Hygeia Healthcare Holdings Co. has filed a draft prospectus for an initial public offering, joining the list of companies that are seeking to tap the active Hong Kong public market. Hygeia Healthcare has appointed Morgan Stanley and Haitong International as joint sponsors for the …

Zenith Blinks | 6/3/2020

… is standing firm against this company, and Zenith blinked in calling off its plans. In possibly related news, a credit agency downgraded Zenith’s credit rating – it could be on the verge of default – and Warburg Pincus is considering selling off Zenith. They are stilling planning to expand their rail and unloading facilities, supposedly for “biofuels” and so the fight to stop Zenith for good is not over, but this is …

Why Sunil Bharti Mittal should seek out Google’s Pichai, Page & Brin | 6/1/2020

… Tatas, am told by reliable insiders. And those who forget, Mittal can claim some points for the private equity gold rush to India, having ensured a massive payday for Bharti Airtel’s first big investor Warburg Pincus . The focus is once again on Mittal in this season of Big tech deal dash to leverage his global network and create a digital moat around flagship Airtel. An eco-system of products and …

Tilney and Smith and Williamson agree revised transaction - Business Money | 6/1/2020

… proposed merger. The merged group will be known as Tilney Smith & Williamson and will be the UK’s leading integrated wealth management and professional services business. As part of the revised transaction, funds advised by Warburg Pincus LLC, a global private equity investor, will co-invest in the combined business alongside funds advised by Permira. The revised transaction structure will result in a significant reduction in external debt for the combined …

Why Sunil Bharti Mittal should seek out Google’s Pichai, Page & Brin | 5/31/2020

… Tatas, am told by reliable insiders. And those who forget, Mittal can claim some points for the private equity gold rush to India, having ensured a massive payday for Bharti Airtel’s first big investor Warburg Pincus . The focus is once again on Mittal in this season of Big tech deal dash to leverage his global network and create a digital moat around flagship Airtel. An eco-system of products and …

Private equity firms now control many hospitals, ERs and nursing homes. Is it good for health care? | NBC News | 5/13/2020

… type of financial entity that buys companies and hopes to sell them later at a profit. Over the past decade, private equity firms like Blackstone, Apollo Global Management, The Carlyle Group, KKR & Co. and Warburg Pincus have deployed more than $340 billion to buy health care-related operations around the world. In 2019, private equity’s health care acquisitions reached $79 billion, a record, according to Bain & Co., a consulting firm …

USA Technologies Names Sean Feeney as Chief Executive Officer | Business Wire | 5/11/2020

… driven performance. His focus on accountability and profitable growth makes him the right choice to lead USAT into the future.” Feeney served as CEO of GT Nexus, a cloud supply chain platform owned by Warburg Pincus , Primera Capital and Aaron Sasson. During his four-year tenure, Feeney tripled the company’s revenue and oversaw its sale to Infor in 2015. Most recently Feeney was CEO of DefenseStorm, Inc., a cybersecurity management …

58.com Announces Receipt of Updated Preliminary Non-Binding Proposal | PR Newswire | 4/30/2020

… com” or the “Company”), China’s largest online classifieds marketplace, today announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter dated April 30, 2020 (the “Proposal Letter”) from Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd., Ocean Link Partners Limited, and Mr. Jinbo Yao , Chairman of the Board and Chief Executive Officer of 58.com (collectively, the “Consortium”), with respect to the …

Growth investment is set to accelerate Polyplus’ expansion in partnership with Warburg Pincus and ArchiMed | PR Newswire | 4/29/2020

ILLKIRCH, France , April 29, Polyplus-transfection® SA (“Polyplus”), a developer of innovative and cost-effective technology used in gene and cell therapy, closed on a major investment from Warburg Pincus , a leading global private equity firm focused on growth investing. Warburg Pincus’ investment alongside the existing majority shareholder, European private equity healthcare specialist ArchiMed, will advance the development and sale of Polyplus’ breakthrough solutions for the delivery of nucleic acids …

Data Privacy Firm Privitar Raises $80 Million in Series C Funding Round | 4/9/2020

… week announced that it has raised $80 million in a Series C funding round, which brings the total amount raised to date to more than $143 million. The latest funding round was led by Warburg Pincus , with participation from Accel, Partech, IQ Capital, Salesforce Ventures and ABN AMRO Ventures. Privitar says it will use the funds to accelerate development of its platform and support growth initiatives, including international expansion and …

Latin America Roundup: Grupo ZAP, Grow Mobility, Wavy get acquired; Credijusto adds $100M; Cornershop, iFood brace for delivery boom | TechCrunch | 4/8/2020

… 2019 and became the first unicorn of the decade, with a $285 million Series E in early 2020. The Brazilian payments management platform Superlogica raised a $63.5 million round from U.S. private equity firm Warburg Pincus in mid-March. Superlogica helps companies manage recurring payments using a subscription model powered by artificial intelligence. The startup currently serves customers in more than 45,000 rental properties around the country. Chilean plant-based …

Consumer Engagement

USA Technologies Names Sean Feeney as Chief Executive Officer | Business Wire | 5/11/2020

… to lead USAT into the future.” Feeney served as CEO of GT Nexus, a cloud supply chain platform owned by Warburg Pincus, Primera Capital and Aaron Sasson. During his four-year tenure, Feeney tripled the … management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and …

Medicare

Alignment Healthcare just added another $135 million to its war chest as it plots growth in the red-hot Medicare Advantage market | 3/4/2020

… and services designed to help coordinate care, just raised another $135 million to expand its approach to the red-hot Medicare Advantage market. Alignment CEO John Kao told Business Insider that the company will be … has raised $375 million from investors like private-equity firms Warburg Pincus and General Atlantic. Alignment CEO John Kao told Business Insider that the company will use the fresh capital to expand into new markets …

Digital Health

Alignment Healthcare just added another $135 million to its war chest as it plots growth in the red-hot Medicare Advantage market | Business Insider | 3/4/2020

… T. Rowe Price, and Durable Capital Partners. In total, Alignment has raised $375 million from investors like private-equity firms Warburg Pincus and General Atlantic. Alignment CEO John Kao told Business Insider that the company … be the start of a 'mega-trend' Featured Digital Health Articles: - Telehealth Industry: Benefits, Services & Examples - Value-Based Care Model: Pay-for-Performance Healthcare - Senior Care & Assisted Living Market Trends - Smart Medical Devices …

Medicaid

Providers ponder cuts as state reports $4B Medicaid shortfall | Crain’s New York Business | 11/25/2019

Reprints Print The state budget office said Friday that its spending on Medicaid will exceed a statutory cap by $4 billion this fiscal year unless the state implements a significant savings plan. That $4 billion … deal with CityMD, Summit now falls under the control of Warburg Pincus, the Manhattan private-equity firm that took a majority share of CityMD in 2017. Le Benger was appointed CEO of the combined firm …

Biotech

Funding Galore: Indian Startup Funding Of The Week [Nov 18-23] - Inc42 Media | 11/23/2019

… funding round this week, Bengaluru-based fintech firm Perfios has raised $50 Mn in Series B funding round led by Warburg Pincus and its existing investor Bessemer Venture Partners. The recent funding of Perfios has … sales. Telluris: Telangana-based early-stage life sciences startup Telluris Biotech India Private Limited has raised $4 Mn funding led by Innovation in Food and Agriculture Fund. With the recent fundings, the company plans to …

Home Care

Lawmakers pepper private equity firms on nursing home investments, quality issues | 11/20/2019

home care and long-term care services. The letters — which were sent to Carlyle Group, Formation Capital, Fillmore Capital Partners and Warburg Pincus — questioned the firms’ impact on the “declining quality of care in nursing homes” and their management of the facilities. The legislators cited research that “has shown that for-profit chain-affiliated companies often provide a lower quality of care and experience more serious health and safety deficiencies …

Personal Care

Senators Brown, Warren and Rep. Pocan Investigate Role of Private Equity in Quality of Nursing Home Care | 11/19/2019

… Representative Mark Pocan (D-WI), sent letters to four private equity firms – Carlyle Group, Formation Capital, Fillmore Capital Partners and Warburg Pincus – that currently invest, or have recently invested, in companies providing nursing home care … Nursing homes provide a wide range of important medical and personal care services to a growing and vulnerable elderly population, with 1.3 million residents in the United States currently receiving care in over 15,000 facilities …

Medicare Advantage

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

… startups mainly sell health insurance to individuals in the Affordable Care Act’s markets and to seniors in the form of Medicare Advantage health plans. The companies have been raising funds from investors to support their … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health …

Referral Management

Luisa Beltran wrote a new post, Battery Ventures sells ClearCare to WellSky, on the site PE Hub | 10/9/2019

… of directors of WebPT , another Battery portfolio company in the healthcare-IT sector, which recently received a significant investment from Warburg Pincus, and Brightree , a company that sells software to home-healthcare agencies and was … platform helps customers optimize billing, staff management, care delivery and referral management. Today the technology powers eight of the 10 largest home care agencies and is used by 600,000 caregivers across 4,000 agencies in the …

Behavioral Health

PE Firm Warburg Pincus Acquires CareLogic Behavioral Health EHR Platform | HIT Consultant | 9/26/2019

Private equity firm Warburg Pincus has acquired CareLogic behavioral health platform to accelerate product development and expand sales and marketing efforts. – Qualifacts’ CareLogic Enterprise Software is a comprehensive Electronic Health Record (EHR) designed for behavioral health, mental health, & human services. – The partnership will also help the company identify strategic relationships and acquisition opportunities. Warburg Pincus , a healthcare technology private equity (PE) firm focused on growth investing has acquired Qualifacts , a …

Behavioral Health EHR

PE Firm Warburg Pincus Acquires CareLogic Behavioral Health EHR Platform | HIT Consultant | 9/26/2019

Private equity firm Warburg Pincus has acquired CareLogic behavioral health platform to accelerate product development and expand sales and marketing efforts. – Qualifacts’ CareLogic Enterprise Software is a comprehensive Electronic Health Record (EHR) designed for behavioral … workforce, cementing its position as one of the largest SaaS behavioral health EHR platforms and behavioral health EHR businesses. The company’s SaaS EHR platform, CareLogic Enterprise, is used by more than 60,000 behavioral health professionals …

Practice Management Software

Why Warburg Pincus Is Acquiring A Majority Interest In WebPT | 9/3/2019

Warburg Pincus recently announced that it acquired a majority interest in WebPT from Battery Ventures WebPT recently announced that global private equity firm Warburg Pincus signed a definitive agreement to acquire a majority interest in … today it is the leading electronic medical record (EMR) and practice management software for outpatient physical therapists, occupational therapists, and speech-language pathologists. “Warburg Pincus has an unrivaled history of success in healthcare and technology …

Clinical Diagnostics

Chris Smith Named Next Chief Executive Officer of Ortho Clinical Diagnostics | PR Newswire | 8/28/2019

RARITAN, N.J. , Aug. 27, Ortho Clinical Diagnostics, a global leader of in vitro diagnostics, today announced that its board of directors has appointed Chris Smith as Chief Executive Officer effective September 9, 2019 . Chris will … held several senior executive roles including CEO in Residence for Warburg Pincus and Global Group President of Gyrus Group Plc., a surgical products company. Mr. Smith currently serves on the board of directors of several …

EMR

WebPT Announces Significant Investment from Warburg Pincus | Business Wire | 8/27/2019

PHOENIX- WebPT today announced that Warburg Pincus , a leading global private equity firm focused on growth investing, has signed a definitive agreement to acquire a majority interest in the company from the previous investor, Battery … steady growth. Today, it is the leading electronic medical record (EMR) and practice management software for outpatient physical therapists, occupational therapists and speech-language pathologists. The fast-growing healthcare software-as-a-service (SaaS) company …

Telepsychiatry

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

… psychiatric care needs and successful telePsych program in its emergency department (ED). Using SOC’s Telemed IQ platform, the partnership delivers telePsychiatry services to CaroMont Regional Medical Center, the anchor of a regional, independent, not-for … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Telemedicine Platform

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

… about SOC Telemed in our ED.” Telemed IQ is in use today in more than 500 hospitals nationwide. The enterprise telemedicine platform is comprehensive and fully customizable, delivering efficiency, operations support, expertise, and partnership needed … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Telemedicine Technology

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

… care partner. For more information, visit: https://www.caromonthealth.org/ . About SOC Telemed SOC Telemed (SOC) is the largest national provider of telemedicine technology and solutions to hospitals, health systems, post-acute providers, physician networks, and value … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Teleneurology

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

… telemedicine programs across the continuum of care. SOC provides a supportive and dedicated partner presence, virtually delivering patient care through teleNeurology, telePsychiatry, and teleICU as well as enabling healthcare organizations to build sustainable telemedicine programs … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Continuum of Care

Warburg Pincus acquires majority stake in WebPT | Healthcare IT News | 8/27/2019

The investment will help cloud-based electronic health record and practice management tool for physical therapists expand and innovate its product offerings, as rehab expands its place in the wider continuum of care. Warburg Pincus acquires majority stake in WebPT August 27, 2019 03:31 PM Private equity firm Warburg Pincus has signed an agreement to buy a majority interest in the EHR developer WebPT, acquiring it from Battery Ventures. WHY …

Electronic Medical Record

WebPT Announces Significant Investment from Warburg Pincus | Business Wire | 8/27/2019

PHOENIX- WebPT today announced that Warburg Pincus , a leading global private equity firm focused on growth investing, has signed a definitive agreement to acquire a majority interest in the company from the previous investor, Battery … track record of steady growth. Today, it is the leading electronic medical record (EMR) and practice management software for outpatient physical therapists, occupational therapists and speech-language pathologists. The fast-growing healthcare software-as-a …

CRISPR

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … 20 million LEAD INVESTORS: Founders Fund, 8VC Gene-editing tool Crispr has unleashed a gold rush for new products made possible by cheaply and easily editing DNA. Synthego is cashing in by selling the genomic …

Kellogg School of Management

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … 37, a logistics geek with an MBA from Northwestern University’s Kellogg School of Management, founded FourKites in 2014 to help companies know where their deliveries are, when they’ll arrive and what’s going on along the …

ACA

Alex Navab, Ex-KKR Dealmaker Who Opened Own Firm, Dies at 53 | Yahoo News | 7/9/2019

… who was building his own private-equity firm, has died. He was 53.He died Sunday while on a brief vacation, according to a statement Monday from his firm, Navab Capital Partners.“It is with … with experience at firms including the Carlyle Group LP and Warburg Pincus. He planned to raise billions of dollars and recruit co-investors to compete for private equity deals in health care, technology, media and …

Employee Engagement

Hallmark Business sells incentives unit to InComm | PE Hub | 6/6/2019

… of Hallmark Cards Inc , said June 5 that it sold its incentives business to InComm Inc. Financial terms weren’t announced. Warburg Pincus acquired InComm in 2012, PitchBook said. PRESS RELEASE KANSAS CITY, Mo., June 5 … helping companies looking to improve their marketing, customer experience, and employee engagement through personalized greeting cards. InComm will honor all outstanding gift card and incentive awards issued prior to the sale. The awards never expire …

On-Demand Healthcare

DocuTAP and Practice Velocity Merge to Form Experity, Establishing a New Market Leader in Urgent Care and On-Demand Healthcare | 5/9/2019

09/05/2019 Warburg Pincus, a leading global private equity firm focused on growth investing, has merged DocuTAP and Practice Velocity the two leaders and innovators in the on-demand healthcare and urgent care space. The new organization will operate under the brand name Experity, which will draw upon over 50 years of shared expertise and an expanded suite of on-demand healthcare solutions to power the patient-centered healthcare revolution. We …

DocuTAP

Experity Offers Complimentary Urgent Care Application for Treating COVID-19 Patients | Business Wire | 4/6/2020

DocuTAP and Practice Velocity. A Warburg Pincus portfolio company, Experity is a fast-paced, high-growth company committed to improving on-demand healthcare for everyone. Visit experityhealth.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20200406005102/en/ CONTACT: Media Contact …

Alignment Healthcare

Alignment Healthcare just added another $135 million to its war chest as it plots growth in the red-hot Medicare Advantage market | Business Insider | 3/4/2020

Alignment Healthcare, a company that provides health-insurance plans and services designed to help coordinate care, just raised another $135 million to expand its approach to the red-hot Medicare Advantage market. Alignment CEO John … has raised $375 million from investors like private-equity firms Warburg Pincus and General Atlantic. Alignment CEO John Kao told Business Insider that the company will use the fresh capital to expand into new markets …

UnitedHealth

TriNet Announces Appointment of Dr. Jacqueline Kosecoff to its Board of Directors | PR Newswire | 1/15/2020

… Warburg Pincus, a private equity investing firm. Previously, she was a senior executive inside UnitedHealth Group-PacifiCare. Dr. Kosecoff joined UnitedHealth Group as part of its acquisition of PacifiCare Health Systems in 2005 and took responsibility for, among other areas, the Medicare Part D business and the consumer health product division serving seniors. Prior to that, she was at PacifiCare Health Systems and served as Executive Vice President with responsibility …

UnitedHealth Group

TriNet Announces Appointment of Dr. Jacqueline Kosecoff to its Board of Directors | PR Newswire | 1/15/2020

… Warburg Pincus, a private equity investing firm. Previously, she was a senior executive inside UnitedHealth Group-PacifiCare. Dr. Kosecoff joined UnitedHealth Group as part of its acquisition of PacifiCare Health Systems in 2005 and took responsibility for, among other areas, the Medicare Part D business and the consumer health product division serving seniors. Prior to that, she was at PacifiCare Health Systems and served as Executive Vice President with responsibility …

Siemens

Daily NYSI – December 2019 | 12/3/2019

… Management SHAK Shanda Games (GAME) SHLD SHLX SHOO SHOP short candidate short interest short puts short stroke pattern SHPG SHW Siemens SIG SIGM Silicon Image (SIMG) silver Silver Lake Partners SINA Sinochem SIRI Siris Capital … VRSK VRSN VRX VSI VSTO VVV VXX VZ W WAG Warburg Pincus warnings WATT WB WBA WBMD WCC WCG WDAY WDC WDFC WEC weekly options weeklys WELL Welsh Carson WEN WERN WETF WFC WFM WFT …

CVS Health

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

The startups are taking on some of the biggest companies in the US, like UnitedHealth Group and CVS Health. They’re trying to get a foothold in massive insurance markets, with the bet that technology can … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health …

Devoted Health

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

… can help them provide better care to their members. Business Insider looked through regulatory filings of five startups — Oscar Health, Devoted Health, Bright Health, Clover Health, and Alignment Healthcare — to get a sense of how … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health …

Pfizer

Fred Hassan | 11/15/2019

… Warburg Pincus]] in 2009 as a Senior Advisor and focuses on the firm’s healthcare investment activities. Mr. Hassan served as chairman and CEO of [[Schering-Plough]] Corporation from 2003 until its acquisition by [[Merck & Co.]], Inc. on November 3, 2009. Before joining Schering-Plough, he served as chairman and CEO of [[Pharmacia]] Corporation until the company was acquired by Pfizer Inc. in 2003. From 1997 to 2000, Mr. Hassan was …

Merck

Fred Hassan | 11/15/2019

Difference between revisions of “Fred Hassan” From SourceWatch ( ref Intrexon [https://www.dna.com/ Board], organizational web page, accessed November 15, 2019. /ref ) Line 1: ‘'’Fred Hassan’’’ “joined [[Warburg Pincus]] in 2009 as a Senior Advisor and focuses on the firm’s healthcare investment activities. Mr. Hassan served as chairman and CEO of [[Schering-Plough]] Corporation from 2003 until its acquisition by [[Merck & Co.]], Inc. on November 3, 2009. Before joining Schering-Plough …

WebPT

Ares Closes $4.5 Billion in New U.S. Direct Lending Commitments in 3Q/19 | 11/1/2019

… provides outsourced services, including product handling and site logistics for the petrochemical, refining, midstream and marine transportation end markets. Qualifacts / Warburg Pincus Ares served as the administrative agent, collateral agent, joint lead arranger and joint … software to help companies efficiently manage and optimize their workforces. WebPT / Warburg Pincus Ares served as the administrative agent, collateral agent, joint lead arranger and joint lead bookrunner for a senior secured credit facility to …

CVS

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 members, with plans to make $800 million in revenue in 2019. Here’s how it plans to keep growing in the competitive Medicare Advantage market, where it faces rivals like Humana, CVS Health’s Aetna, and UnitedHealth. Visit BI Prime for more stories . Health plan startups are vying for a foothold in the ultra-competitive market of …

Allergan

Visiongain Report Looks at Opportunities Within the $32bn Ophthalmic Drugs Market | PR Newswire | 10/17/2019

… ophthalmic drugs segment, revenue forecast from 2019-2029 of the leading drugs, product pipeline and SWOT analysis , for these companies: • Akorn • Allergan • Bayer • Novartis • Pfizer • Regeneron • Roche • Santen Pharmaceuticals • Senju • Valeant • Our study discusses the selected … Valeant Pharmaceuticals Ventana Medical Systems (acquired by Roche) Versant Ventures Warburg Pincus LLC Warner-Lambert (acquired by Pfizer) Watson Pharmaceuticals Wyeth Pharmaceuticals (part of Pfizer) List of Other Organizations Mentioned in the Report A STAR …

Biogen

Visiongain Report Looks at Opportunities Within the $32bn Ophthalmic Drugs Market | PR Newswire | 10/17/2019

… Pharmaceutical (part of Merck) Bausch and Lomb (subsidiary of Valeant) Bayer Bayer Yakuhin (Japanese subsidiary of Bayer) BioDiem Bicycle Therapeutics Biogen Idec BioInvent International Biovail Corporation (part of Valeant) Bristol- Myers Squibb Can-Fite BioPharma … Valeant Pharmaceuticals Ventana Medical Systems (acquired by Roche) Versant Ventures Warburg Pincus LLC Warner-Lambert (acquired by Pfizer) Watson Pharmaceuticals Wyeth Pharmaceuticals (part of Pfizer) List of Other Organizations Mentioned in the Report A STAR …

ClearCare

Luisa Beltran wrote a new post, Battery Ventures sells ClearCare to WellSky, on the site PE Hub | 10/9/2019

Battery Ventures sells ClearCare to WellSky October 9, 2019 Follow @LuisaRBeltran WellSky Corp said Oct. 8 that it agreed to buy ClearCare Inc . Financial terms weren’t announced. Battery Ventures , which owned a majority, is exiting … healthcare-IT sector, which recently received a significant investment from Warburg Pincus, and Brightree , a company that sells software to home-healthcare agencies and was acquired by Resmed in 2016 for $800 million. ClearCare’s software …

WellSky

Luisa Beltran wrote a new post, Battery Ventures sells ClearCare to WellSky, on the site PE Hub | 10/9/2019

Battery Ventures sells ClearCare to WellSky October 9, 2019 Follow @LuisaRBeltran WellSky Corp said Oct. 8 that it agreed to buy ClearCare Inc . Financial terms weren’t announced. Battery Ventures , which owned a majority, is exiting … healthcare-IT sector, which recently received a significant investment from Warburg Pincus, and Brightree , a company that sells software to home-healthcare agencies and was acquired by Resmed in 2016 for $800 million. ClearCare’s software …

Brightree

Luisa Beltran wrote a new post, Battery Ventures sells ClearCare to WellSky, on the site PE Hub | 10/9/2019

… Warburg Pincus, and Brightree , a company that sells software to home-healthcare agencies and was acquired by Resmed in 2016 for $800 million. ClearCare’s software is used by agencies that provide patients daily care inside their homes, including basic services such as preparing meals; bathing and dressing; and assisting with mobility, among other tasks. The company’s software-as-a-service platform helps customers optimize billing, staff management, care delivery and …

Qualifacts

PE Firm Warburg Pincus Acquires CareLogic Behavioral Health EHR Platform | HIT Consultant | 9/26/2019

Private equity firm Warburg Pincus has acquired CareLogic behavioral health platform to accelerate product development and expand sales and marketing efforts. – Qualifacts’ CareLogic Enterprise Software is a comprehensive Electronic Health Record (EHR) designed for behavioral health, mental health, & human services. – The partnership will also help the company identify strategic relationships and acquisition opportunities. Warburg Pincus , a healthcare technology private equity (PE) firm focused on growth investing has acquired Qualifacts , a …

Modernizing Medicine

Qualifacts Announces Investment from Warburg Pincus | PR Newswire | 9/20/2019

… Software-as-a-Service (SaaS) electronic health record providers (EHR) for behavioral health and human service organizations, today announced that Warburg Pincus, a leading global private equity firm focused on growth investing, has acquired the … the firm with current EHR investments including WebPT, Experity and Modernizing Medicine. The Firm is headquartered in New York with offices in Amsterdam , Beijing , Berlin , Hong Kong , Houston , London , Luxembourg , Mumbai , Mauritius , San Francisco , São …

Experity

Qualifacts Announces Investment from Warburg Pincus | PR Newswire | 9/20/2019

… Software-as-a-Service (SaaS) electronic health record providers (EHR) for behavioral health and human service organizations, today announced that Warburg Pincus, a leading global private equity firm focused on growth investing, has acquired the … focus for the firm with current EHR investments including WebPT, Experity and Modernizing Medicine. The Firm is headquartered in New York with offices in Amsterdam , Beijing , Berlin , Hong Kong , Houston , London , Luxembourg , Mumbai , Mauritius , San …

InstaMed

Luisa Beltran wrote a new post, PE HUB Healthcare Wire Highlights, 8.29.19, on the site PE Hub | 8/29/2019

… billion. The deal closed in February. When it comes to fintech deals in healthcare, the largest transaction so far is InstaMed . In May, JP Morgan Chase agreed to buy the healthcare payments company for about … equity healthcare this week. One of the more notable was Warburg Pincus ‘s purchase of a majority stake in WebPT ; Battery Venture s is the seller. WebPT sells software to independent therapy providers. Water Street …

Ortho Clinical Diagnostics

Chris Smith Named Next Chief Executive Officer of Ortho Clinical Diagnostics | PR Newswire | 8/28/2019

RARITAN, N.J. , Aug. 27, Ortho Clinical Diagnostics, a global leader of in vitro diagnostics, today announced that its board of directors has appointed Chris Smith as Chief Executive Officer effective September 9, 2019 . Chris will … held several senior executive roles including CEO in Residence for Warburg Pincus and Global Group President of Gyrus Group Plc., a surgical products company. Mr. Smith currently serves on the board of directors of several …

SOC Telemed

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

GASTONIA, N.C. , Aug. 27, SOC Telemed (SOC)’s continued work with North Carolina hospital leads to reduced burden of psychiatric care needs and successful telePsych program in its emergency department (ED). Using SOC’s Telemed IQ … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Rite Aid

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … this year, helped by large contracts with retailers Dollar General, Rite Aid and Steve Madden. For our feature on Next Trucking, click here . — Jack Conte PATREON FOUNDERS: Jack Conte (CEO), Sam Yam EQUITY RAISED: $166 …

Ginkgo Bioworks

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… 1 billion in value. Graduates include: food delivery service DoorDash, home seller Opendoor, luggage brand Away and synthetic biology company Ginkgo Bioworks. This year, with the help of TrueBridge Capital Partners, we scoured the country … 25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his consultancy, Aspect, to developing a program that would automate software …

Change Healthcare

CityMD and Summit Medical Group Announce Plans to Merge to Deliver an Unparalleled Patient Care Experience | PR Newswire | 6/21/2019

… providing convenient, on-demand access to outstanding primary care, cutting-edge specialty care, and a breadth of ancillary services,” said Jeffrey Le Benger , MD, Chairman and Chief Executive Officer of Summit Medical Group. Warburg Pincus, a leading global private equity firm focused on growth investing, partnered with CityMD in June 2017 . “Warburg Pincus is pleased to support the merger of these two exceptional healthcare companies in creating the leading physician …

HCA

-=Kraft Heinz (KHC) : downgraded to Sell from Neutral at Goldman | 11/14/2019

… GUSH GWPH GWW HA HABT HAIN HAIR HAL HALO halted stocks HAR Harland Clarke Harry Markopolos HAS HAWK HBAN HBI HCA HCAT HCN HD HDP hedge funds Heikin-Ashi candlesticks HELE HES HFC HGV HIBB … VRSK VRSN VRX VSI VSTO VVV VXX VZ W WAG Warburg Pincus warnings WATT WB WBA WBMD WCC WCG WDAY WDC WDFC WEC weekly options weeklys WELL Welsh Carson WEN WERN WETF WFC WFM WFT …

-=Tupperware (TUP) suspends quarterly dividend | 11/11/2019

… GUSH GWPH GWW HA HABT HAIN HAIR HAL HALO halted stocks HAR Harland Clarke Harry Markopolos HAS HAWK HBAN HBI HCA HCAT HCN HD HDP hedge funds Heikin-Ashi candlesticks HELE HES HFC HGV HIBB … VRSK VRSN VRX VSI VSTO VVV VXX VZ W WAG Warburg Pincus warnings WATT WB WBA WBMD WCC WCG WDAY WDC WDFC WEC weekly options weeklys WELL Welsh Carson WEN WERN WETF WFC WFM WFT …

Mayo Clinic

Visiongain Report Looks at Opportunities Within the $32bn Ophthalmic Drugs Market | PR Newswire | 10/17/2019

… The Patent Board ThromboGenics Upjohn (acquired by Pfizer through Pharmacia) Valeant Pharmaceuticals Ventana Medical Systems (acquired by Roche) Versant Ventures Warburg Pincus LLC Warner-Lambert (acquired by Pfizer) Watson Pharmaceuticals Wyeth Pharmaceuticals (part of Pfizer … India ) International Diabetes Federation Internet Archive Japan Patent Office (JPO) Mayo Clinic Ministry of Health, Labour and Welfare (MHLW) ( Japan ) Monash University National Eye Institute ( NEI) (US ) National Health Service (NHS) (UK) National Institute for …

News 6/21/19 | HISTalk | 6/21/2019

… HCTec, according to an internal email. The change doesn’t affect HCTec’s health IT and managed services business. Private equity firm Warburg Pincus will buy NJ-based, 900-provider multi-specialty practice Summit Medical Group and … complex in Rochester, MN that is owned and anchored by Mayo Clinic. Tenants will also include Epic, which owns a nearby data center that it purchased from the clinic in 2016 for $46 million. Allscripts …

Summit Medical Group

CityMD and Summit Medical Group Finalize Merger | PR Newswire | 8/14/2019

NEW YORK and BERKELEY HEIGHTS, N.J. CityMD, the leading urgent care provider in the New York metro area, and Summit Medical Group, one of the nation’s premier independent multispecialty medical practices, today announced the completion … full spectrum of high-quality primary, specialty, and urgent care. Warburg Pincus, a leading global private equity firm focused on growth investing, has supported CityMD since 2017 and will assume a majority interest in the …

The man who runs one of the biggest urgent-care companies reveals the 4 top threats facing the business | Business Insider | 7/12/2019

Warburg Pincus took a majority stake in the urgent-care chain CityMD in a deal that valued the company at a reported $600 million. In June, Business Insider reported that Warburg Pincus struck a deal to combine CityMD with physician group Summit Medical Group, and will own a majority stake in the combined firm. The value of the deal wasn’t disclosed, but GoHealth, for its part, is backed by private …

CityMD

CityMD and Summit Medical Group Finalize Merger | PR Newswire | 8/14/2019

NEW YORK and BERKELEY HEIGHTS, N.J. CityMD, the leading urgent care provider in the New York metro area, and Summit Medical Group, one of the nation’s premier independent multispecialty medical practices, today announced the completion … full spectrum of high-quality primary, specialty, and urgent care. Warburg Pincus, a leading global private equity firm focused on growth investing, has supported CityMD since 2017 and will assume a majority interest in the …

The man who runs one of the biggest urgent-care companies reveals the 4 top threats facing the business | Business Insider | 7/12/2019

Warburg Pincus took a majority stake in the urgent-care chain CityMD in a deal that valued the company at a reported $600 million. In June, Business Insider reported that Warburg Pincus struck a deal to combine CityMD with physician group Summit Medical Group, and will own a majority stake in the combined firm. The value of the deal wasn’t disclosed, but GoHealth, for its part, is backed by private …

AHN

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … customers so far, including WordPress, Evernote and Qualtrics. — Luis von Ahn DUOLINGO FOUNDERS: Luis von Ahn (CEO), Severin Hacker EQUITY RAISED: $108 million ESTIMATED 2018 REVENUE: $36 million LEAD INVESTORS: CapitalG, Kleiner Perkins, Union Square …

Next Billion-Dollar Startups 2019 | Forbes | 7/16/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … customers so far, including WordPress, Evernote and Qualtrics. — Luis von Ahn DUOLINGO FOUNDERS: Luis von Ahn (CEO), Severin Hacker EQUITY RAISED: $108 million ESTIMATED 2018 REVENUE: $36 million LEAD INVESTORS: CapitalG, Kleiner Perkins, Union Square …

Clover Health

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

… better care to their members. Business Insider looked through regulatory filings of five startups — Oscar Health, Devoted Health, Bright Health, Clover Health, and Alignment Healthcare — to get a sense of how they fared in the … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health …

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

… services designed to help coordinate care, focused on Americans over age 65. The company is backed by private-equity firms Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 … Venture-backed startups Oscar Health, Devoted Health, Bright Health, and Clover Health have raised a combined $3 billion to use technology to build new kinds of health-insurance plans and go after Medicare Advantage members …

Oscar Health

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

… that technology can help them provide better care to their members. Business Insider looked through regulatory filings of five startups — Oscar Health, Devoted Health, Bright Health, Clover Health, and Alignment Healthcare — to get a sense … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health …

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

… services designed to help coordinate care, focused on Americans over age 65. The company is backed by private-equity firms Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 … daily as they turn 65, is fierce. Venture-backed startups Oscar Health, Devoted Health, Bright Health, and Clover Health have raised a combined $3 billion to use technology to build new kinds of health-insurance …

Bright Health

We just got a look at the latest financials for health startups like Bright and Oscar. They reveal the challenges facing the insurers as they keep growing their footprints. | Business Insider | 11/19/2019

… them provide better care to their members. Business Insider looked through regulatory filings of five startups — Oscar Health, Devoted Health, Bright Health, Clover Health, and Alignment Healthcare — to get a sense of how they fared … Alignment is backed by private equity firms General Atlantic and Warburg Pincus and has raised more than $200 million . The slides below have more information about each company’s funding, financials, and expansion plans. Bright Health

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

… services designed to help coordinate care, focused on Americans over age 65. The company is backed by private-equity firms Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 … 65, is fierce. Venture-backed startups Oscar Health, Devoted Health, Bright Health, and Clover Health have raised a combined $3 billion to use technology to build new kinds of health-insurance plans and go after …

Aetna

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 members, with plans to make $800 million in revenue in 2019. Here’s how it plans to keep growing in the competitive Medicare Advantage market, where it faces rivals like Humana, CVS Health’s Aetna, and UnitedHealth. Visit BI Prime for more stories . Health plan startups are vying for a foothold in the ultra-competitive market of …

Private-equity giant Warburg Pincus just struck a deal to create a huge new doctor group, combining $600 million CityMD with Summit Medical | Business Insider | 6/21/2019

Private-equity firm Warburg Pincus is buying Summit Medical Group, a doctor-owned multi-specialty practice based in New Jersey. It plans to merge the practice with New York-based urgent-care company CityMD, in … in 1,500 stores , following its acquisition of the health insurer Aetna. Read more: UnitedHealth is already the biggest US health insurer. Now it wants to make going to the doctor its next $100 billion business …

Humana

Alignment Healthcare is aiming for $1 billion in revenue. CEO John Kao told us how it’s taking on the red-hot Medicare Advantage market. | Business Insider | 10/27/2019

Warburg Pincus and General Atlantic. Since its founding in 2013, the company’s grown to 61,000 members, with plans to make $800 million in revenue in 2019. Here’s how it plans to keep growing in the competitive Medicare Advantage market, where it faces rivals like Humana, CVS Health’s Aetna, and UnitedHealth. Visit BI Prime for more stories . Health plan startups are vying for a foothold in the ultra-competitive market of …

CityMD and Summit Medical Group Finalize Merger | PR Newswire | 8/14/2019

… New York , will offer patients a seamless experience across a full spectrum of high-quality primary, specialty, and urgent care. Warburg Pincus, a leading global private equity firm focused on growth investing, has supported CityMD … China Biologic Partners (CBPO), Jinxin Fertility, Kyphon, Coventry Health Care, Humana and Bausch + Lomb. The firm is headquartered in New York with offices in Amsterdam , Beijing , Berlin , Frankfurt , Hong Kong , Houston , London , Luxembourg , Mumbai , Mauritius …

Coventry Health Care

CityMD and Summit Medical Group Announce Plans to Merge to Deliver an Unparalleled Patient Care Experience | PR Newswire | 6/21/2019

… and a breadth of ancillary services,” said Jeffrey Le Benger , MD, Chairman and Chief Executive Officer of Summit Medical Group. Warburg Pincus, a leading global private equity firm focused on growth investing, partnered with CityMD … Modernizing Medicine, Experity, China Biologic Partners (CBPO), Jinxin Fertility, Kyphon, Coventry Health Care, Humana and Bausch + Lomb. The firm is headquartered in New York with offices in Amsterdam , Beijing , Berlin , Frankfurt , Hong Kong , Houston , London …

PE-backed CityMD and SMG to merge | PE Hub | 6/21/2019

… Group , a provider of multispecialty medical practices, have agreed to merge. No financial terms were disclosed. CityMD is backed by Warburg Pincus. PRESS RELEASE NEW YORK and BERKELEY HEIGHTS, N.J., June 20, 2019 /PRNewswire/ — CityMD … Modernizing Medicine, Experity, China Biologic Partners (CBPO), Jinxin Fertility, Kyphon, Coventry Health Care, Humana and Bausch + Lomb. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Frankfurt, Hong Kong, Houston, London …

David Li

Private equity readies for surge in China buyouts on virus, succession woes | Yahoo News | 3/27/2020

… lips at the possibility of scooping up deals. “The best deals are often done after this kind of crisis,” said David Liu, founding partner of China-focused private equity firm DCP Capital. “After the end … billion. Co-founded by David Li, the former head of Warburg Pincus Asia Pacific, Beijing-based Centurium also plans to hire investment specialists and open an office in Shanghai in the second quarter of 2020 …

Behdad Eghbali

Clearlake Capital-Backed Dude Solutions Names Software Industry Veteran Kevin Kemmerer As Executive Chairman | PR Newswire | 2/18/2020

… Solutions management and Clearlake to extend the Company’s position as the leading provider of cloud-based operations management software,” said Behdad Eghbali , Co-Founder and Managing Partner at Clearlake . “Kevin has demonstrated an impressive ability … to iPipeline, Mr. Kemmerer was an Executive-in-Residence at Warburg Pincus and EVP and Managing Director of Safeguard Scientifics, where he led the company’s technology deal team and was responsible for eight of Safeguard’s …

Ed Roshitsh

Clearlake Capital-Backed Dude Solutions Names Software Industry Veteran Kevin Kemmerer As Executive Chairman | PR Newswire | 2/18/2020

… solutions for the life insurance and financial services industry. Prior to iPipeline, Mr. Kemmerer was an Executive-in-Residence at Warburg Pincus and EVP and Managing Director of Safeguard Scientifics, where he led the company’s … welcome Kevin to the executive team at Dude Solutions,” said Ed Roshitsh , Chief Executive Officer at Dude Solutions. “Over the past year, we’ve been able to scale our business to a clear market leadership position …

Melinda Gates

Funding Galore: Indian Startup Funding Of The Week [Nov 18-23] - Inc42 Media | 11/23/2019

… funding round this week, Bengaluru-based fintech firm Perfios has raised $50 Mn in Series B funding round led by Warburg Pincus and its existing investor Bessemer Venture Partners. The recent funding of Perfios has … 23.4 Cr ($3.26 Mn) from A.T.E. Chandra Foundation, Bill and Melinda Gates Foundation, Omidyar Network India and philanthropist Vikrant Bhargava, towards its mission of scaling up every day giving in India. With the new funds …

Elizabeth Warren

Lawmakers pepper private equity firms on nursing home investments, quality issues | 11/20/2019

Elizabeth Warren (D-MA), Sherrod Brown (D-OH) and Rep. Mark Pocan (D-WI) announced Tuesday they’ve sent letters to four private equity firms that currently invest or have recently invested in companies that provide nursing home care and long-term care services. The letters — which were sent to Carlyle Group, Formation Capital, Fillmore Capital Partners and Warburg Pincus — questioned the firms’ impact on the “declining quality of care in …

Mark Pocan

Lawmakers pepper private equity firms on nursing home investments, quality issues | 11/20/2019

Mark Pocan (D-WI) announced Tuesday they’ve sent letters to four private equity firms that currently invest or have recently invested in companies that provide nursing home care and long-term care services. The letters — which were sent to Carlyle Group, Formation Capital, Fillmore Capital Partners and Warburg Pincus — questioned the firms’ impact on the “declining quality of care in nursing homes” and their management of the facilities. The legislators …

Donald Trump

Mplus Market Pulse - 19 Nov 2019 - M+ Online Research Articles | I3investor | 11/19/2019

… benchmark indices closed mostly lower as the CAC and DAX fell 0.2% and 0.3% respectively on reports that U.S. President Donald Trump is reluctant to roll-back tariffs. The FTSE, however, gained 0.1% after lingering … arm of Fortis Healthcare Ltd. Private equity firms TA Associates, Warburg Pincus and ChrysCapital have been shortlisted to acquire the stake. Incoming investors will have to fork out at least Rs 1,750 crore or US …

Luisa Beltran

Luisa Beltran wrote a new post, Battery Ventures sells ClearCare to WellSky, on the site PE Hub | 10/9/2019

… board of directors at that time. Stoner also has served on the board of directors of WebPT , another Battery portfolio company in the healthcare-IT sector, which recently received a significant investment from Warburg Pincus, and Brightree , a company that sells software to home-healthcare agencies and was acquired by Resmed in 2016 for $800 million. ClearCare’s software is used by agencies that provide patients daily care inside their homes …

Iris Dorbian

Warburg Pincus to acquire WebPT from Battery Ventures | PE Hub | 8/27/2019

Warburg Pincus to acquire WebPT from Battery Ventures August 27, 2019 By Iris Dorbian Warburg Pincus has agreed to acquire a majority stake in WebPT from Battery Ventures . No financial terms were disclosed. Aeris Partners was financial adviser to WebPT and Battery Ventures on the transaction. Based on Phoenix, WebPT is a rehab therapy platform. PRESS RELEASE PHOENIX–(BUSINESS WIRE)–WebPT today announced that Warburg Pincus, a leading global private …

Hammad Shah

SOC Telemed Reduces Burden of Psychiatric Care Needs at CaroMont Regional Medical Center | PR Newswire | 8/27/2019

… increased volume of mental health patients diverted resources away from other emergency patients, triggering an overflow in the ED,” says Hammad Shah , CEO for SOC Telemed. “This partnership enables CaroMont to provide much-needed access … accreditation every year since inception. SOC Telemed is backed by Warburg Pincus and CRG. For more information, visit www.soctelemed.com . Media Contact: Lauren Shankman Trevelino/Keller (404) 214.0722 Ext. 121 [email protected] SOURCE SOC Telemed Related …

Alex Navab

Chris Witkowsky wrote a new post, PE HUB Wire Highlights, 8.21.19, on the site PE Hub | 8/21/2019

Alex Navab . The fledgling firm, which was expected to target at least $3 billion for its debut fund, decided to wind down after Navab’s unexpected death in July. Other executives included Annette Rodriguez , who previously worked with Warburg Pincus focused on consumer, retail, healthcare, industrials and business services; Robert Berlin , formerly of The Baupost Group focused on consumer, value-add industrials, technology services and financials; and Michael Gaviser , formerly of …

Sarah Pringle

Chris Witkowsky wrote a new post, PE HUB Wire Highlights, 8.21.19, on the site PE Hub | 8/21/2019

… is hiring Ram Jagannath , an ex- Carlyle executive who had been set to join Navab Capital Partners , healthcare reporter/guru Sarah Pringle is reporting. Jagannath will lead healthcare efforts at Blackstone’s recently formed growth strategy … July. Other executives included Annette Rodriguez , who previously worked with Warburg Pincus focused on consumer, retail, healthcare, industrials and business services; Robert Berlin , formerly of The Baupost Group focused on consumer, value-add industrials, technology …

Jeffrey Le Benger

CityMD and Summit Medical Group Finalize Merger | PR Newswire | 8/14/2019

… New York , will offer patients a seamless experience across a full spectrum of high-quality primary, specialty, and urgent care. Warburg Pincus, a leading global private equity firm focused on growth investing, has supported CityMD … providers in the New York market, and urgent care expansion. Jeffrey Le Benger , MD, who was at the helm of Summit Medical Group, has been appointed Chief Executive Officer of the combined organization. Richard Park …

Richard Park

CityMD and Summit Medical Group Finalize Merger | PR Newswire | 8/14/2019

… New York , will offer patients a seamless experience across a full spectrum of high-quality primary, specialty, and urgent care. Warburg Pincus, a leading global private equity firm focused on growth investing, has supported CityMD … has been appointed Chief Executive Officer of the combined organization. Richard Park , MD, CityMD’s co-founder and CEO, will serve as its Vice Chairman. Rob Connor , CityMD’s President, will become President of the combined group …

Venu Raghavan

Warburg Pincus invests in Indecomm Digital | PE Hub | 8/13/2019

Warburg Pincus invests in Indecomm Digital August 13, 2019 Warburg Pincus has invested about $200 million in Indecomm Digital Services . Based in Scottsdale, Arizona, Indecomm Digital is a provider of next-generation product engineering and … Kong, India, Indonesia, and Philippines. Indecomm Digital is led by Venu Raghavan, who has over 25 years of experience in the Information Technology industry in both operational and advisory roles. Steven Glenn, Managing Director, Chief …

Colin Walsh

Mobile banking money Varo Money appoints chief design officer | PE Hub | 8/13/2019

… officer. Previously, he was a director at Google for the search, assistant and news ecosystem. Varo Money is backed by Warburg Pincus and TPG -backed The Rise Fund. PRESS RELEASE SAN FRANCISCO, Aug. 13, 2019 … thrilled to add August’s vision to our executive team,” said Colin Walsh, CEO and co-founder of Varo. “This is a watershed moment for Varo and its customers. The future of banking is not just …

Kayne Anderson

Warburg Pincus landed a $1 billion deal with a twist —one brother is on Warburg’s energy team, another is an exec at the company it backed. | Business Insider | 7/23/2019

An executive of an oil-and-gas company that Warburg Pincus just backed is the brother of one of the private-equity firm’s energy-focused managing directors, Business Insider has learned. The unusual situation, a … it would provide $1 billion alongside smaller private equity firm Kayne Anderson Capital Advisors to WildFire Energy I LLC, a company being launched by two former executives of an oil explorer bought by Chesapeake Energy …

David Habachy

Warburg Pincus landed a $1 billion deal with a twist —one brother is on Warburg’s energy team, another is an exec at the company it backed. | Business Insider | 7/23/2019

An executive of an oil-and-gas company that Warburg Pincus just backed is the brother of one of the private-equity firm’s energy-focused managing directors, Business Insider has learned. The unusual situation, a potential conflict of interest, meant that Warburg managing director David Habachy could not be involved in decision-making on the deal, according to a person familiar with the matter. Private equity firm Warburg Pincus had …

David Krieger

Iris Dorbian wrote a new post, Warburg Pincus and Kayne Anderson to provide equity to WildFire, on the site PE Hub | 7/18/2019

Warburg Pincus and Kayne Anderson to provide equity to WildFire July 18, 2019 Warburg Pincus and Kayne Anderson have agreed to provide WildFire Energy with an equity commitment exceeding $1 billion. Based in Houston, WildFire … opportunity set that we are seeing in the market,” said David Krieger, Managing Director, Warburg Pincus. “We look forward to partnering with WildFire Energy’s exceptional management team to build their next successful venture,” added Danny …

Mark Cuban

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … RAISED: $13 million ESTIMATED 2018 REVENUE: $19 million LEAD INVESTORS: Mark Cuban, Section 32 As a college student at Loyola Marymount University, Jason Wilk, now 34, blew through his budget, collecting overdraft fees. Wilk, an …

Jeff Williams

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

Jeff Williams; CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his consultancy, Aspect, to developing a program that would automate software security analysis. In 2014, he and former Aspect analyst Arshan Dabirsiaghi, 36, founded Los Altos, California-based Contrast Security to monitor the code …

Lior Div

Next Billion-Dollar Startups 2019 | Forbes | 7/17/2019

… CEO: Alan Naumann EQUITY RAISED: $122 million ESTIMATED 2018 REVENUE: $25 million LEAD INVESTORS: Acero Capital, Battery Ventures, General Catalyst, Warburg Pincus In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his … online fraud detection startup 41st Parameter, to expand the business. — Lior Div CYBEREASON FOUNDERS: Lior Div (CEO), Yossi Naar, Yonatan Striem-Amit EQUITY RAISED: $189 million ESTIMATED 2018 REVENUE: $50 million LEAD INVESTORS: CRV, Lockheed …

Bill Gates

Why Real Estate-Focused Venture Firm Fifth Wall Just Raised $503 Million For A New Fund: Term Sheet | Fortune | 7/17/2019

… tracking codes to physical objects, like high-tech components. Read more at Fortune. PEOPLE MOVES : Here’s what’s going on at: … Warburg Pincus : Joseph Landy is stepping aside as co-chief executive officer of Warburg Pincus … Lawsuit, Lesley McSpadden: Broadsheet April 4 Most Popular Posts International Bill Gates Loses His Spot as World’s Second-Richest Man Ben Stupples Finance One of Warren Buffet’s Favorite Metrics Is Flashing Red—a Sign That …

Henry Kravis

Alex Navab, Ex-KKR Dealmaker Who Opened Own Firm, Dies at 53 | Yahoo News | 7/9/2019

… own company in New York. He recruited fellow buyout specialists with experience at firms including the Carlyle Group LP and Warburg Pincus. He planned to raise billions of dollars and recruit co-investors to compete … left KKR about two years ago, shortly after co-founders Henry Kravis and George Roberts named Scott Nuttall and Joseph Bae co-presidents.“We are heartbroken,” Kravis and Roberts said in a statement. “A longtime …

Prashant Mehrotra

Clearlake closes Dude Solutions buy | PE Hub | 6/19/2019

… Solutions, Inc. (“Dude Solutions” or the “Company”), the leading software-as-a-service (“SaaS”) provider of operations management solutions, from Warburg Pincus. The Company will continue to be led by Chief Executive Officer, Ed Roshitsh … acquisition,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. “We look forward to supporting the Company through significant additional investment in the product portfolio and the go-to-market …