Cross Country Healthcare has Acquired C&B Client, Medical Doctor Associates
Cross Country Healthcare, Inc. announced today that it has completed its previously announced acquisition of substantially all of the assets of privately-held MDA Holdings, Inc. (MDA) and its subsidiaries for $112.3 million in cash, plus additional earn-out payments based on 2008 and 2009 performance criteria, and subject to a working capital adjustment. The Company expects this acquisition to be accretive to its 2008 earnings by approximately $0.02 per diluted share.[full story]
Croft & Bender client Brightree Secures Significant Investment from Battery Ventures and C&B Capital
Brightree LLC, developer of the fastest growing business management solution for the Home Medical Equipment (HME), Durable Medical Equipment (DME), Orthotics & Prosthetics (O&P) and Sleep Therapy markets, today announced that it has received a significant investment from Battery Ventures. Brightree intends to use the new capital to accelerate its growth, consolidate the markets it serves, and expand into new markets.[full story]
Alimera, a C&B Capital Portfolio Company, plans an IPO
Alimera Sciences Inc., a biopharmaceutical company that specializes in treatments for eye diseases, plans an initial public offering of its common stock, according to a Securities and Exchange Commission filing.[full story]
