On May 25, the Federal Trade Commission announced that it, along with the Department of Justice, fined Twitter $150 million for violating a 2011 agreement with the FTC in which Twitter promised to protect the integrity of nonpublic consumer information,
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Twitter to Pay $150M for Violating 2011 FTC Order Regarding Misrepresentation of its Privacy and Security Practices
On May 25, 2022, the Federal Trade Commission (FTC) announced that it, along with the Department of Justice, fined Twitter $150 million for violating a 2011 agreement the company had with the Commission. Under the 2011 FTC order, Twitter agreed
Healthcare & Life Sciences Private Equity Deal Tracker: Compass Group Sells The Allied Group
Compass Group has announced the sale of The Allied Group.
The Allied Group, based in Cranston, R.I., and founded in 1946, is a fulfillment services provider of document management, kitting and mailing services to healthcare and life science organizations.
Is the Future of the Dollar Digital? The Fed Talks Updating Greenbacks to the Blockchain
On May 26, three days into her term as Vice Chair of the Federal Reserve, Lael Brainard testified about the Federal Reserve’s Examination of the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC) before the House Committee
Healthcare & Life Sciences Private Equity Deal Tracker: Enhanced Healthcare Invests in Howard J. Chudler & Associates
Healthcare & Life Sciences Private Equity Deal Tracker: Pharos Invests in Sanderling Renal Services
Pharos Capital Group has announced it has made an investment in Sanderling Renal Services.
Sanderling, based in Nashville, is a provider of dialysis and renal telemedicine services. The company, which was founded in 2012, provides in-center and home-based dialysis
Washington Healthcare Update | May 23, 2022
This Week in Washington: President Biden Invokes Defense Production Act to Increase Supply of Infant Formula
Congress
House
House Passes Bill to Help the FDA Address the Infant Formula Shortage
On May 18, the House passed a supplemental appropriations bill
NovaQuest Private Equity Closes New Fund at $500 Million
NovaQuest Private Equity (NQPE) has closed its newest fund, NovaQuest Private Equity Fund II, with $500 million, according to a news release.
The fund was closed at its hard cap, exceeding the initial target of $425 million.
NQPE is
Healthcare & Life Sciences Private Equity Deal Tracker: Frontline Healthcare Invests in JoyBridge Kids
OIG Permits Healthcare Organization’s Smartphone Loan Program For Telehealth Services
On April 22, 2022, the U.S. Department of Health and Human Services Office of Inspector General (OIG) issued a favorable advisory opinion (no. 22-08) (the “Advisory Opinion”) approving a healthcare organization loaning smartphones to promote telehealth care that it provides