Tech Investing Part 1: Zero Hour
McGuireWoods LLP Blogs
Latest from McGuireWoods LLP
Washington Healthcare Update | April 19, 2021
Healthcare & Life Sciences Private Equity Deal Tracker: WindRose Recapitalizes Bluestone Physician Services
WindRose Health Investors has announced it has completed an equity recapitalization of Bluestone Physician Services.
Bluestone, based in Stillwater, Minn., is a provider of residential primary care services. Founded in 2006, delivers on-site care and care coordination services to high-risk, geriatric and disabled patients in senior living, community and home-based settings in four states: Minnesota, Wisconsin, Florida and Virginia.
WindRose, which is based in New York, pursues control equity investments in healthcare companies.…
Michael Podberesky Discusses Circuit Split on FCA’s False Statement Standard
In an April 7, 2021, interview with Federal News Network, Washington, D.C., partner Michael Podberesky discussed how federal contractors are impacted by the U.S. Supreme Court’s recent decisions denying two petitions for writs of certiorari, thereby declining to resolve a circuit court split regarding the False Claims Act’s standard for pleading and proving the falsity element.
Because of the conflicting appellate court decisions, healthcare providers and government contractors “need to be vigilant because depending…
NSCAI Recommends $40 Billion Investment in Artificial Intelligence, R&D and Innovation
Congress stood-up the National Security Commission on Artificial Intelligence (NSCAI) to make recommendations to the President and Congress “to advance the development of artificial intelligence [AI], machine learning, and associated technologies … to comprehensively address the national security and defense needs of the United States.” The 2019 National Defense Authorization Act (NDAA), Section 1051 further instructed the NSCAI to focus on issues including global competition, research and development, risks and ethical concerns.…
LIBOR Legislation Bill Passed by New York State Legislature
On March 24, 2021, the New York State legislature passed a Senate Bill (the Bill) regarding the discontinuation of USD LIBOR, which will cease in mid-2023. New York State Governor Andrew Cuomo signed the Bill into law on April 6, 2021.…
Healthcare & Life Sciences Private Equity Deal Tracker: Pharos Capital Acquires Providence Home Health and Hospice
Pharos Capital Group has announced its post-acute care provider platform, Charter Health Care Group, has acquired The Providence Hospice and The Providence Home Health Services, together referred to as Providence Home Health and Hospice.
Providence Home Health and Hospice, based in Sugar Land, Texas, is a provider of in-home hospice, palliative care, skilled nursing, physical therapy and other related services. Founded in 2006, the company provides hospice and home health services to patients and…
Rural FQHC Can Provide Free Space for COVID-19 Vaccinations
Washington Healthcare Update | April 12, 2021
Healthcare & Life Sciences Private Equity Deal Tracker: KKR to Acquire Therapy Brands
KKR has announced it has agreed to acquire a majority interest in Therapy Brands.
Therapy Brands, headquartered in Birmingham, Ala., is a practice management and electronic health record software platform for mental, behavioral, substance use recovery, applied behavior analysis and physical rehabilitation healthcare providers. Founded in 2013, the company supports more than 28,000 practices across the United States.
The PE platform of Kohlberg Kravis Roberts (KKR) & Co., which is based in New York,…