RLH Equity Partners has completed a growth equity investment in Connors Group, according to a news release.

Connors Group, based in Canonsburg, Pa., is a management consultancy specializing in workforce performance and productivity improvement. Founded in 2008, the company provides services to the healthcare industry and a few other industries.

RLH, with two offices in California, is a private equity firm that pursues investments in healthcare and a few other sectors. Founded in 1982, companies in its portfolio typically have $30 million to $150 million of annual revenue at the time of RLH’s investment. 

Terms of the investment were not disclosed.

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done. We are pleased to feature Elizabeth “Liz” Weindruch of Barings. Access her profile.

To recommend a woman for a future interview, email Amber Walsh at awalsh@mcguirewoods.com.

Pharos Capital Group has announced it has sold its majority stake in MOTION PT Group to Confluent Health.

MOTION, based in New York, is a physical therapy, occupational therapy and speech therapy company. Founded in 2015, the company has nearly 60 clinic locations in Connecticut, Maryland, Massachusetts and New York.

Pharos, with offices in Dallas and Nashville, pursues control equity and mezzanine investments in lower and middle market companies primarily in healthcare and business services. Founded in 1998, the firm targets the provider services and non-reimbursement industries within healthcare.

Confluent, based in Louisville, Ky., is a group of physical therapy and occupational therapy companies operating across 29 states.

Terms of the transaction were not disclosed.

Goldman Sachs Group has closed a $5.2 billion private equity growth fund, according to a Reuters report.

Through its new West Street Global Growth Partners fund, the investment bank plans to invest an average of $50 million to acquire minority stakes in businesses in the early or middle stages of their growth.

The fund has already invested in 4G Clinical, a Wellesley, Mass.-based firm which produces technology for the pharmaceutical and biotech industries.

Welsh, Carson, Anderson & Stowe (WCAS) has completed a strategic growth investment in ImageTrend, according to a news release.

ImageTrend, based in Lakeville, Minn., is a software solutions and services provider in the healthcare and public safety industries. Founded in 1998, the company supports organizations that include those working in critical care, hospitals and emergency medical services.

WCAS, based in New York, is a private equity firm focused exclusively on the healthcare and technology industries. Founded in 1979, the firm targets growth-oriented companies with an investment strategy that is deal-size agnostic.

Terms of the investment were not disclosed.

Amulet Capital Partners has announced it has acquired Eruptr.

Eruptr, based in Bradenton, Fla., is a healthcare digital marketing firm. Founded in 2009, the company offers a suite of solutions for hospitals.

Amulet, based in Greenwich, Conn., is a middle market private equity investment firm focused exclusively on the healthcare sector. Founded in 2012, the firm typically invests between $25 million and $150 million in healthcare companies within segments that include life sciences outsourcing, payors and payor services, and providers and outsourced services.

Athyrium Capital Management, a New York-based asset management company focused on the global healthcare sector, invested alongside Amulet.

Terms of the acquisition and investment were not disclosed.

LLR Partners has completed a growth capital investment in Viventium, according to a news release.

Viventium, based in Berkeley Heights, N.J., provides payroll, human resources and other solutions for healthcare providers. Founded in 1991, the company largely serves home care agencies and skilled nursing facilities.

LLR, based in Philadelphia and founded in 1999, invests in a targeted set of industries, with a focus on middle market technology and services businesses. Within healthcare, the firm pursues investments in healthcare IT, outsourced healthcare services, managed care and provider-based organizations.

Terms of the investment were not disclosed.

Thompson Street Capital Partners (TSCP) has announced it has completed a growth investment in Sabai Global.

Sabai, based in Chesterfield, Mo., is a provider of regulatory review and biosafety consulting services. Founded in 2018, the company provides services to pharmaceutical sponsors, clinical research organizations, academic health systems and clinical research site networks.

TSCP, based in St. Louis, Mo., targets investments in middle market companies. Founded in 2000, the firm typically invests in healthcare and a few other sectors. Within healthcare, areas of interest include pharmaceutical logistics, connected health, and regulatory and compliance.

Terms of the investment were not disclosed.

It’s nine to 12 — maybe even 18 — months after the deal closed. There’s an R&W policy in place, and the purchase agreement covers an array of representations and warranties. But you become aware of something that might be a breach.

In this episode of The Professor’s Corner, McGuireWoods partner and insurance recovery practice leader Tony Tatum joins host Geoff Cockrell to walk listeners through the process of filing a claim, citing the issues that might arise and errors to look out for at the onset. He also discusses the importance of gathering evidence, being thorough, advocating for your company and mitigating losses.

Ascend Capital Partners has announced it has completed equity investments in Allied Physicians Group and Adjuvant.Health.

Allied Physicians Group, based in Melville, N.Y., is an independent provider of pediatric care in New York. Founded in 2006, the organization states it has more than 35 primary care offices across the New York market.

Adjuvant.Health, which was formed by the partner physicians and executive team of Allied Physicians Group in 2018, provides a range of consulting services in areas including accounting, financials, analytical and quality reporting, malpractice management, compliance, technology and human resources.

Ascend Partners, founded in 2019 and based in New York, is a growth-oriented, healthcare-focused private equity firm.

Terms of the investments were not disclosed.

As part of the investment, CareAbout, a New York-based management services organization affiliated with Ascend, is partnering with Adjuvant.Health.