Holland & Knight Advises United Western Group in Recapitalization of Veridian Healthcare
CHARLOTTE, N.C. (August 4, 2023) – A team of Holland & Knight attorneys represented United Western Group (UWG), in partnership with HealthEdge Investment Partners LLC and Advantage Capital Holdings LLC, in its recapitalization of Veridian Healthcare LLC, a leading outsourced manufacturer of private label and branded in-home diagnostic, pain care management and personal care products. Terms of the transaction, announced on July 31, were not disclosed.
Washington, D.C.-based UWG is a private equity firm that partners with managers and entrepreneurs to invest in strategically viable, marketing-leading companies across a wide range of industries.
Veridian, headquartered in Gurnee, Illinois, is a preeminent distributor of home health and diagnostic products for leading regional chain stores, pharmacies, wholesalers, distributors and e-commerce businesses.
As part of the transaction, Veridian's Founder and President Steve Bisulca will continue in his role as Veridian's president. Concurrent with the recapitalization, UWG Operating Partners Robert Friedberg and John Aldridge will also undertake key C-suite roles at Veridian.
Holland & Knight Partner John Gilson and Associate Eli Gordon led the firm's representation of UWG. They were assisted by Partners Brandon Bloom, Arthur Lotz, Briana Stolley, John Dierking, Antonia Tzinova, John Haney and Victoria Zerjav and Associates Trysten Henderson and Ana Moreno.
More information on the transaction can be found here.
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