Copyright 2023 | The American Prospect, Inc. | All Rights Reserved, The Alt-Labor Chronicles: Americas Worker Centers, Despite Pandemic Carnage, Predatory Nursing Home Financiers Keep Thriving, more than $750 million a year on interest, rent, and transaction fees, nursing assistants single-handedly charged with caring for as many as 39 patients, chief financial officer of Morgan Stanley, network of politically superconnected crooks. Pinta Partners LLC. David Harrington, alongside Joel Landau, founded Pinta Capital Partners in 2012 and is passionate about rethinking the delivery of healthcare to the chronically ill. David brings over 45 years of industry experience in critical areas of healthcare services management. 245 Main St Suite 450 White Plains, NY 10601 Phone: (914) 220-1086 Fax: (516) 394-4229 555 5th Ave 14th Floor New York, NY 10017 Toll Free: (855) 228-7369 (By Appointment Only) 1370 RXR Plaza Uniondale, NY 11556 Phone: (914) 594-6820 Fax: (516) 394-4229 12 1st St Riverhead, NY 11901 Phone: (914) 825-5855 Fax: (516) 394-4229 Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Joel Landau, Bent Philipson and another partner paid $44 million to Sean Lavin's Galway Properties, LLC for the addiction treatment facility (I1) at 159-05 The Allure Group caters to the unique needs of the community in which it serves, reflecting Joels commitment to a holistic approach to the business of healthcare. Pinta Capital Partners is a premier healthcare private equity investment firm based in New York City that seeks to provide solutions that create lasting value. In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. We target innovative businesses across the healthcare spectrum that improve patients lives, deliver best in class care, and eliminate waste. Get the full list, To view Pinta Capital Partnerss complete exits history, request access, Youre viewing 5 of 10 team members. I really believe my proposal is a win-win and will keep ALL jobs, he promised in a typical text to SEIU 1199 political director Kevin Finnegan, who would become a close confidant and accomplice. [ii] Multiple GTCR health care companies have made headlines for lawsuits alleging cancer-causing emissions, poor medical care, billing fraud, and other issues. This firm seeks ventures that serve New York City's neediest populations, including the chronically ill, the elderly, and the disabled. The Company thanks Mr. DePodesta and Ms. Rappuhn for their service and dedication throughout their respective tenures, said Robert Fish Genesis welcomes Mr. Harrington and Mr. Randazzo on our Board of Directors and will benefit greatly from their deep and diversified experience in healthcare delivery management, healthcare sector financial expertise and entrepreneurial acumen.. The Syndicate drew some of its political clout from the fact that traditional nursing home care is financed almost entirely by Medicaid, which draws nearly half of its funding from states, making nursing homes something like the defense contractors of state governments. [xvi], Pintas investment in Genesis comes at a time when private equity ownership of nursing homes faces pronounced scrutiny. Address: 755 Second Avenue New York NY 10017 United States. Joels interest in healthcare first began when he was helping take care of a close family member. Joel co-founded Pinta Capital Partners in 2012, an equity firm that provides lasting value to its network of investors and affiliated healthcare establishments. Region: North America. Currently, Genesis is also indebted to Welltower in an approximate amount of $423 million. (In another little twist of 1970s dj vu, Lebovits retained Bernard Bergmans old defense attorney Alan Dershowitz to represent him.) In addition, at the closing of the second investment, ReGen Healthcare would be issued a warrant, exercisable for equity, which, together with the two debt investments, would represent an ownership interest of approximately 43% of the Companys subsidiaries on a fully-diluted basis. Meie, Yahoo, kuulume Yahoo kaubamrkide perre. Genesis was hopelessly insolvent and destined to stay that way unless someone took a haircut. Then came COVID, which a Genesis nursing assistant in New Jersey likened to being led to slaughter. Dozens of Genesis nursing homes became mass casualty events. Our Georgia office just listed this Downtown Augusta luxury hotel for $10.2MM. The Company expects to file its 2020 Form 10-K by March 16, 2021, but it will not distribute a Q4 2020 earnings release or host a conference call. His name is Joel Landau, and he pulled off exactly this feat with a nursing home on the Lower East Side of Manhattan in 2016, walking away with a $72 million profit after orchestrating an improbably elaborate campaign to convince a battalion of city and state officials that lifting a deed restriction that required the property to house a public health care facility was the only way to preserve the building as a public health care facility. Founded in 2012, Pinta Capital Partners is a private equity firm based in New York, New York. In return, Genesis will receive approximately $86 million, which it will use to repay a portion of its debt obligations to Welltower. This debt investment converts into equity representing a 25% ownership interest in the Companys subsidiaries on a fully-diluted basis, contingent upon both the receipt of all required regulatory approvals and the reduction of indebtedness owed by the Company to Welltower. Im Profil von Vanessa Pinta sind 4 Jobs angegeben. The Company anticipates that the last day of trading on New York Stock Exchange will be on or about March 25, 2021. All that money has to come from somewhere, and the most obvious target is staffing and quality. Penta Capital invested in TalkTalk in March 2021 alongside Toscafund, the London-based multi-asset investment management firm, via a 1.1 billion public-to-private deal. Part of the problem is that the nursing home industry is fragmented and difficult to understand; the other part is that it is, like any industry that relies almost wholly on government funding, extraordinarily powerful. We commit capital across the lifecycle of companies from seed stage through buyout. So he bided his time attempting to negotiate down the price of lifting the deed restriction, while instructing an associate not to buy any computers for the nursing home because maybe we dont need to open. In May, he finally agreed to fork over the $16.15 million, and signed the papers to sell the property to a luxury condo developer two weeks later. Worse, she told me, the kitchen never had snacks, not even Saltines. Our Story [vi] Beginning in October 2016, the Warburg Pincus and GTCR-led ownership group began taking debt-financed dividends from Sterigenics totaling approximately $1.17 billion. Main Address: C/O PINTA CAPITAL PARTNERS, 485 MADISON AVE #202, NEW YORK, NY, 10022 Other Information Process: CITIPACE HOLDING COMPANY, LLC Address: C/O PINTA CAPITAL PARTNERS, 485 MADISON AVE #202, NEW YORK, NY, 10022 UST SELECT, INC. EEZEEBIZ GROUP INTERNATIONAL INC This is not the official website of this company. [xvii], Following Genesiss announcement, Sen. Elizabeth Warren wrote a letter to Genesis raising concern about the transaction and highlighting large payouts made to its now-departed CEO despite declining financial condition.[xviii]. He has held executive positions at Aetna and Anthem. Harrington, a former Aetna and UnitedHealthcare executive, boosted the value of American Imaging Management from negative $19 million to $350 million during his seven years as CEO, according to a Genesis release. [ix], GTCR also previously owned Correct Care Solutions (CCS), a health care company operating in prisons and detention centers. And since Formation had multiple other deals going with the REITs that owned Genesiss buildings and the lenders like Apollos MidCap Financial that supplied its cash, the haircuts were always going to be borne by the workers and the residents. One of these affiliates, Pinta Capital Partners, has invested widely in innovative services for the chronically ill and applied new practices in services to one of the neediest, frailest and most. Headquarters Regions Greater New York Area, East Coast, Northeastern US Founded Date 2012 Operating Status Active Investor Type Venture Capital Investment Stage Private Equity Contact Email partners@pintapartners.com Phone Number 212-740-6700 Lists Featuring This Company Private Equity Stage Investors Pinta has appointed two new directors to the Genesis's board including David Harrington, a founding principal at Pinta. Teave teie seadme ja internetihenduse (nagu teie IP-aadressi) kohta, Sirvimis- ja otsingutegevused Yahoo veebilehtedel ja rakendustes. Managing Partner . Edit Lists Featuring This Company Section, Greater New York Area Venture Capital Investors. The equity firm has three key major goals: greater access for all patients, higher quality of life, and more cost-effective care. Since2009, Mr. Harringtonhas advised and developed many healthcare companies in the senior care space. The nursing home business is literally crawling with guys like Landau, many of whom are in turn linked to either Landau or his partners. Email formats & phone numbers of Pinta Capital Partners 10-50 employees. Todays emerging Syndicate is increasingly dominated by insular ultra-Orthodox Jewish sects, whose followers (and investors) tend to be increasingly detached from mainstream Judaism, let alone the secular New York community; getting their news from Hebrew and Yiddish papers, eschewing vaccines, and voting for Trump. Harrington is cofounder and managing partner of Pinta Capital Partners, a New York private equity firm that specializes in nursing homes and other health-care sectors. Most recently, the New Mexico Attorney General filed suit in January this year. Full Bio. The Open Database Of The Corporate World. (It should also go without saying that they are prolific campaign donors, although New York Attorney General Letitia James returned a $10,000 donation from Landau in 2018.). [xv], ReGen is owned by private equity firm Pinta Capital Partners. In addition, Mr. Harrington has been appointed Chairman of the Board. Since 2009, when Mr. Harrington established DASH Business Group, he has advised and developed many healthcare companies in the senior care space. Find More Contacts for Pinta Capital Partners, Edit Lists Featuring This Company Section, New York Companies With Fewer Than 50 Employees (Top 10K), Greater New York Area Companies With Fewer Than 50 Employees (Top 10K). 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