Civil Law

Healthcare & Life Sciences Private Equity Deal Tracker: J.P. Morgan Life Sciences Invests in Turbett Surgical

J.P. Morgan Life Sciences Private Capital has invested in Turbett Surgical, according to a news release.

Turbett, founded in 2013 and based in Henrietta, New York, is a medical equipment company that manufactures mobile sterilization pods and consumable filters for surgical equipment sterilization.

J.P. Morgan Life Sciences Private Capital is the life sciences platform of J.P. Morgan Private Capital. The platform invests in early-stage biotherapeutics and late-stage healthcare companies.

Terms of the investment were not disclosed.

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Civil Law

Healthcare & Life Sciences Private Equity Deal Tracker: Vance Street Acquires Injectech

Vance Street Capital has announced its acquisition of Injectech from The West Group (TWG).

Injectech, founded in 1998 and based in Fort Collins, Colorado, is a manufacturer of luer locks, bond-in luers, check valves, tube to tube connectors and spikes for the medical industry.

Vance Street, founded in 2007 and based in Los Angeles, is a middle market private equity firm that invests in several sectors, including medical technology and life science. The firm typically pursues companies with between $ … Read the rest

Supreme Court

Justices seem to favor IRS in dispute over shareholder’s life insurance policy

Justices seem to favor IRS in dispute over shareholder’s life insurance policy

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The justices were considerably more subdued in the argument in Connelly v. Internal Revenue Service than they were on Tuesday, when they confronted the FDA’s treatment of the abortion drug mifepristone. This is a case about the tax treatment of life insurance policies that closely held corporations use to manage the death of a shareholder. Assume, as is common, a small corporation owned by members of the same family. When one dies, if the surviving shareholders want to keep … Read the rest