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A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a startup or of an existing operating company with the end goal to make a profit on its investments.
HMS Holdings Corp. (Healthcare Management Systems) was founded in 1974 and is based in Irving, Texas. The company was formerly listed on Nasdaq but acquired by private-equity firm Veritas Capital in 2021.
Risepoint (formerly known as Academic Partnerships) is a major for-profit online program manager (OPM) owned by Vistria Group, a private equity firm.Established in 2007 by entrepreneur Randy Best, it claims to serve more than 55 colleges and universities, providing technology, marketing services, and student support services to mid-level brands.
A common private equity strategy may involve buying part or all of a company, restructuring and repositioning it, and eventually selling it for a profit, often back into the public market.
SirsiDynix was formed by the merger of the Dynix Corporation and the Sirsi Corporation in June 2005. The company is based in Lehi, Utah, and employs approximately 400 in offices worldwide. [7] It was bought out by Vista Equity Partners in December 2006, a private equity firm based in San Francisco, California. [8]
CMG was a large care provider in the UK with around 180 services in London, the South of England and South Wales including Supported Living Services, Domiciliary Care and Outreach support, Support in the Community and Day Skills and Residential and Respite Care. The company employed approximately 1800 staff. [citation needed]
Veritas Capital was founded in 1992 and raised its first fund in 1998. [6] [9] The firm invested exclusively in companies that support the government, government-influenced markets, and commercial customers, specifically in certain sectors, such as aerospace, defense, communications, education, energy, government services, healthcare, national security, and software. [11]
The company was founded as Veronis, Suhler & Associates (VS&A) in 1981, by John J. Veronis and John S. Suhler. [3] Veronis cofounded Psychology Today magazine and its associated enterprises, and Suhler was a former president of CBS Publishing Group. [4] Jeffrey T. Stevenson joined the company the following year, and became a named partner in ...