MidOcean Partners Closes Credit Investment in The Carpenter Health Network
MidOcean's investment in Carpenter is emblematic of its bespoke capital solutions for middle market companies. Carpenter is a market leader within an attractive sector of the healthcare space that has strong secular growth characteristics. The Company operates in a segment in which MidOcean has deep expertise and dedicated coverage.
Founded in 2002, Carpenter has provided hospice, home health, and restorative services to communities across Louisiana and neighboring states for over two decades. The Company's leading brands include St. Joseph Hospice, STAT Home Health, AIM Palliative, SAGE Rehabilitation Hospital and Outpatient Services, Homedica House Calls, Phoenix Pharmacy and others in post-acute care.
'Since 2002, Carpenter Health Network has delivered compassionate, high-quality care to the communities it serves,' said Robert Sullivan, Managing Director and Co-Head of Opportunistic Credit at MidOcean. 'We are proud to support Carpenter in this important transaction, as the Company continues to expand its mission-driven services and deepen its impact to patients across the healthcare landscape.'
Patrick Mitchell, Carpenter's Chief Executive Officer, added, 'We are thrilled to partner with MidOcean on this important transaction. Their investment and structuring expertise will play an integral role in Carpenter's continued growth and underscores their confidence in our mission and long-term growth objectives. This partnership not only strengthens our financial foundation but also empowers our employees—our most valuable asset. '
Gibson Dunn & Crutcher LLP acted as legal advisor to the lenders. CSG Partners acted as financial advisor to the Company, while Hunton Andrews Kurth LLP acted as legal advisor.
About Carpenter Health Network
Originally founded in 2002 as St. Joseph Hospice, The Carpenter Health Network has grown into a multi-state healthcare company with service areas in Louisiana, Texas, Arkansas, Mississippi, Alabama and Florida. Our mission is to joyfully provide optimal patient care seamlessly across service lines to ensure spiritual, emotional and physical healing wherever possible while always respecting life, fostering dignity and preserving quality of life.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Stocks Careening Toward a Tough August: 3-Minute MLIV
Tom Mackenzie, Lizzy Burden and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
I Cook For A Living & I'm Begging You To Properly Wash Your Blueberries
Blueberries always need a wash before eating, but wait until right before use to prevent mold. Rinse gently under cold water or give them a quick vinegar soak to remove residue. Pat them completely dry and store them properly to ensure freshness. Fresh blueberries are a highlight of the summer. Whether you grab a pint at the store or pick your own at the farm, they're at their absolute best in season. Enjoy them by the handful, toss them in salads or oatmeal, or bake them into fluffy muffins. But before you do, you must give them a good wash. But what's the best way to wash blueberries? In our quest for squeaky-clean berries, we consulted two experts: Lauren Manaker, R.D.N., and Kierin Baldwin, Chef-Instructor of Pastry & Baking Arts at the Institute of Culinary Education's New York City Campus. They explain how to wash blueberries properly—and why doing so matters so much. Do You Need To Wash Blueberries? "Yes, you should always wash blueberries before eating or cooking them to remove dirt, bacteria, and any pesticide residue," Manaker says. However, she recommends washing them only right before use, as moisture can lead to mold growth. Baldwin agrees–especially if the blueberries aren't organic. "Removing all pesticide residue is almost impossible for berries, since they have thin, fairly permeable skins." That's why she tries to buy organic whenever she can. How To Wash Blueberries Properly washing blueberries is pretty simple, and chances are you're already doing it the right way. "The best way to wash blueberries is to rinse them gently under cold running water in a colander," Manaker says. For an even deeper clean, Manaker and Baldwin suggest soaking them in a vinegar solution: one part vinegar to three parts water. "The vinegar helps to inhibit bacteria and mold growth on the berries," Baldwin says. Just don't soak them too long, or they can turn mushy, Manaker warns. "The most important thing to remember when washing blueberries is that they are fairly delicate, so be gentle as you wash and then dry them," Baldwin adds. How To Dry Blueberries Drying blueberries is a crucial step, since excess moisture can cause mold and spoilage. While it's recommended to wash them right before use, if you do wash them in advance, ensuring they are completely dry is key. "Berries should never be stored damp, since that encourages mold growth, so I always dry berries before putting them away after washing," Baldwin says. "Laying out a kitchen towel on a baking sheet, spreading the berries on it, and then gently patting the blueberries with a paper towel usually gets rid of most of the moisture." How To Store Blueberries As previously mentioned, if you plan to wash blueberries before storing them, ensure they are dry first. Baldwin recommends refrigerating them in a sealed container with a few layers of paper towel to absorb any excess moisture or juices. As for unwashed berries, Manaker suggests keeping them in a breathable container (like the original clamshell) since airtight containers can trap moisture and promote mold. You can also freeze blueberries to use later in yogurt or smoothies—just be sure they're completely dry before freezing. You Might Also Like Insanely Easy Weeknight Dinners To Try This Week 29 Insanely Delicious Vodka Cocktails Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
Investors Really Don't Like What They Saw in Chipotle's Second-Quarter Earnings
Investors are souring on Chipotle. We don't mean its sour cream. Chipotle's (CMG) stock, recently down more than 12%, this morning touched levels last seen in April, falling at last check to a roughly 24% year-to-date decline. (Read Investopedia's full coverage of today's trading here.) The reason for today's pullback seems straightforward: The burrito, bowl, salad and taco company, which earlier this year thought full-year same-store sales might manage double-digit growth, now says it's more likely that they come in flat. Executives don't expect it to last forever. "We are confident in getting back to mid-single-digit comps and surpassing $4 million in [average unit volumes] longer term," CEO Scott Boatwright said on yesterday's conference call with analysts, according to a transcript provided by AlphaSense. Wall Street analysts don't seem to be cutting back much. Bank of America maintained a "buy" rating, along with a $64 price target that is among Wall Street's higher numbers, according to Visible Alpha data, after the results. Oppenheimer, which has a $63 target, did the same. (That wasn't a unanimous response: JPMorgan, for example, cut its target by a couple of bucks, to $52.) Morgan Stanley, one of a few banks with a Street-high $65 target, also held firm. "Nothing is broken here, and growth should pick up, but patience may be needed," its analysts wrote. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
