TJC

MNA: Hospital Accrediting Agency (Joint Commission) Issues Findings Supporting St. Vincent Hospital Nurses' Complaints about Unsafe Patient Care, Stating that SVH was Found to Be Non-Compliant with Applicable Patient Care Conditions for Medicaid and Medic

Retrieved on: 
Wednesday, March 6, 2024

WORCESTER, Mass., March 6, 2024 /PRNewswire/ -- Nurses at St. Vincent Hospital, who have filed a number of official complaints and gone public with their serious concerns about patient care conditions that are harming patients at the Worcester-based facility, have had their claims validated by The Joint Commission, which conducted an investigation into the nurses complaints and found the hospital to be "non-compliant with applicable Centers for Medicaid and Medicare Services (CMS) Conditions."

Key Points: 
  • Your report was used to assist our team to better understand the organization's systems of providing care.
  • During the onsite review, the organization was found to be non-compliant with applicable Centers for Medicaid and Medicare Services (CMS) Conditions.
  • The complaints detailed a serious and ongoing degradation of care, which were based on more than 600 official reports filed by nurses over the last six months.
  • Founded in 1903, the Massachusetts Nurses Association is the largest union of registered nurses in the Commonwealth of Massachusetts.

With a Two-Year Revenue Growth of 925.8%, Cynet Health Ranks No. 4 on Inc. Magazine's List of the Mid-Atlantic Region's Fastest-Growing Private Companies

Retrieved on: 
Tuesday, February 27, 2024

STERLING, Va., Feb. 27, 2024 /PRNewswire/ -- Inc. magazine today revealed that Cynet Health is No. 4 on its fourth annual Inc. 5000 Regionals: Mid-Atlantic list, the most prestigious ranking of the fastest-growing Mid-Atlantic private companies, based in the District of Columbia, Delaware, Maryland, North Carolina, Virginia, and West Virginia. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Mid-Atlantic economy's most dynamic segment–its independent small businesses. 

Key Points: 
  • STERLING, Va., Feb. 27, 2024 /PRNewswire/ -- Inc. magazine today revealed that Cynet Health is No.
  • 4 on Inc. Magazine's List of the Mid-Atlantic Region's Fastest-Growing Private Companies.
  • "We are incredibly honored to announce that Cynet Health has been recognized as one of the fastest-growing privately held companies by INC. magazine.
  • The companies on this list show a remarkable rate of growth across all industries in the Mid-Atlantic region.

TJC Listed in HEC Paris-Dow Jones Large Buyout Performance 2023 Rankings

Retrieved on: 
Thursday, February 8, 2024

TJC LP (“TJC” or “the Firm”), a middle-market private equity firm investing primarily in North America, is pleased to announce that the Firm has been ranked #11 on the HEC Paris-Dow Jones 2023 Global Ranking: Top 20 Private Equity Firms in Large Buyout Performance.

Key Points: 
  • TJC LP (“TJC” or “the Firm”), a middle-market private equity firm investing primarily in North America, is pleased to announce that the Firm has been ranked #11 on the HEC Paris-Dow Jones 2023 Global Ranking: Top 20 Private Equity Firms in Large Buyout Performance.
  • “We are proud to be recognized by HEC Paris and Dow Jones as one of the best performing large buyout firms,” said Rich Caputo, Chairman and Chief Executive Partner of TJC.
  • The HEC-Dow Jones Ranking draws on private equity fund performance data reported directly to HEC-Dow Jones.
  • TJC provided information to HEC-Dow Jones upon request to inform the HEC-Dow Jones Ranking.

TJC Closes $6.85 Billion for Resolute Fund VI

Retrieved on: 
Wednesday, January 31, 2024

TJC LP (“TJC”), a middle-market private equity firm investing primarily in North American businesses, today announced the closing of The Resolute Fund VI, L.P. (“Resolute VI” or the “Fund”), totaling $6.85 billion.

Key Points: 
  • TJC LP (“TJC”), a middle-market private equity firm investing primarily in North American businesses, today announced the closing of The Resolute Fund VI, L.P. (“Resolute VI” or the “Fund”), totaling $6.85 billion.
  • The Fund was oversubscribed and closed above its initial hard cap of $6.0 billion.
  • Institutional investors, including public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations and family offices invested in the Fund.
  • TJC’s Resolute VI aims to identify well-managed and profitable companies with enterprise values ranging from $100 million to $2 billion, support strategies that drive operational improvements and organic growth and develop investments through add-on acquisitions accretive to business growth.

St. Vincent Nurses File Complaints with State and Federal Agencies Citing Dangerous Conditions that Jeopardize the Safety of Patients Admitted to the Hospital - Call For Immediate Intervention to Protect Patients & End Suffering

Retrieved on: 
Tuesday, January 30, 2024

WORCESTER, Mass., Jan. 30, 2024 /PRNewswire/ -- The nurses of St. Vincent Hospital, who are represented by the Massachusetts Nurses Association (MNA) have filed a number of official complaints with the Department of Public Health Division of Healthcare Quality, Joint Commission (which accredits acute care hospitals), the Center for Medicare and Medicaid Services and the Mass. Board of Registration in Nursing in response to a growing and dire crisis in the safety of care for patients admitted to the Worcester-based facility. Reporters who wish to receive copies of the complaints can email David Schildmeier at [email protected].

Key Points: 
  • Board of Registration in Nursing in response to a growing and dire crisis in the safety of care for patients admitted to the Worcester-based facility.
  • Nurses continue to witness the violation of the hospital's handbook on Patient Rights and Responsibilities, but their concerns have gone unanswered.
  • The hospital rarely staffs intensive care units with enough staff to provide this level of care to the most critically ill patients.
  • Founded in 1903, the Massachusetts Nurses Association is the largest union of registered nurses in the Commonwealth of Massachusetts.

Worldwide Clinical Trials Completes Recapitalization with Kohlberg & Company

Retrieved on: 
Tuesday, December 12, 2023

Worldwide Clinical Trials (“Worldwide”), a privately held, leading global, full-service contract research organization (“CRO”), has announced the closing of its previously announced recapitalization that gives funds managed by Kohlberg & Company, LLC (“Kohlberg”), a leading private equity firm with over 35 years of experience partnering with management and companies like Worldwide, a majority stake in the company.

Key Points: 
  • Worldwide Clinical Trials (“Worldwide”), a privately held, leading global, full-service contract research organization (“CRO”), has announced the closing of its previously announced recapitalization that gives funds managed by Kohlberg & Company, LLC (“Kohlberg”), a leading private equity firm with over 35 years of experience partnering with management and companies like Worldwide, a majority stake in the company.
  • “This is a significant milestone for Worldwide – one that positions us for further growth and expands our ability to deliver best in class partnerships for our customers while cultivating a culture for our team members to do their best, mission-oriented work,” said Peter Benton , President and CEO, Worldwide Clinical Trials.
  • This investment by Kohlberg, and continued investment by TJC, elevates our approach to best support our customers and continue delivering customized clinical research programs.”
    With this transaction, Matt Jennings , Operating Partner of Kohlberg, becomes Chairman of Worldwide’s Board of Directors.
  • Worldwide remains a privately held company with no other changes to its leadership team, employee base, or customer experience.

L3Harris Technologies Announces Definitive Agreement to Sell its Commercial Aviation Solutions Business to TJC for $800 Million

Retrieved on: 
Monday, November 27, 2023

L3Harris Technologies (NYSE: LHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million.

Key Points: 
  • L3Harris Technologies (NYSE: LHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million.
  • “Today’s announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio,” said Christopher E. Kubasik, Chair and CEO, L3Harris.
  • L3Harris’ CAS business employs approximately 1,450 people and offers pilot training, flight data analytics, avionics, and advanced air mobility products and services, among other capabilities.
  • J.P. Morgan Securities LLC is acting as financial advisor, and Kirkland & Ellis LLP is serving as legal counsel for TJC L.P.

TJC Agrees to Acquire L3Harris’ Commercial Aviation Solutions Business

Retrieved on: 
Monday, November 27, 2023

TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.

Key Points: 
  • TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company’s Avionics business unit hitting performance targets in 2023 and 2024.
  • The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.
  • CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft training solutions.
  • The business serves over 160 distinct aircraft platforms across commercial air transport, business and regional jet, and military end markets.

TJC Announces Agreement to Acquire Global Transport Solutions

Retrieved on: 
Monday, November 27, 2023

TJC, L.P. (“TJC”) has entered into a definitive agreement to acquire Global Transport Solutions Topholding B.V. (“GTS” or the “Company”), an international logistics service provider specializing in supply chain and forwarding solutions for the maritime industry.

Key Points: 
  • TJC, L.P. (“TJC”) has entered into a definitive agreement to acquire Global Transport Solutions Topholding B.V. (“GTS” or the “Company”), an international logistics service provider specializing in supply chain and forwarding solutions for the maritime industry.
  • Operating under the brands Marinetrans and Best Global Logistics, GTS has a robust geographical presence across all continents.
  • As a management team, we are thrilled to partner with the TJC team in this next phase.”
    The acquisition reinforces the strong dedication to both GTS’s clients and its staff.
  • Stifel served as Financial Advisor and Kirkland & Ellis LLP and Loyens & Loeff N.V. are both serving as legal counsel to TJC on the acquisition.

Cynet Health Ranked # 2 in the Top Fastest Growing Companies in the Washington DC Region by the Washington Business Journal

Retrieved on: 
Wednesday, November 15, 2023

WASHINGTON, Nov. 15, 2023 /PRNewswire/ -- Cynet Health was recently recognized and ranked as the #2 Fasted Growing Company out of the top 50, in the Washington DC area by the Washington Business Journal.

Key Points: 
  • WASHINGTON, Nov. 15, 2023 /PRNewswire/ -- Cynet Health was recently recognized and ranked as the #2 Fasted Growing Company out of the top 50, in the Washington DC area by the Washington Business Journal.
  • "The List ranking comes from averaging the percent change in revenue from 2020 to 2021 and the percent change from 2021 to 2022.
  • "It is our distinct honor to be recognized by the WBJ as #2 of the top 50 Fastest Growing privately held companies in the Washington region.
  • We are humbled to be amongst these stellar companies that have experienced exponential growth over the past three years.