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H.I.G. Capital

OVERALL

Owned
USA
Rating
No rating

Private equity firm

Global alternative assets investment firm with $55 billion of equity capital under management.

H.I.G. Capital LLC   USA     website   email      twitter

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
H.I.G. Capital LLC
Business Ethics $25m health care fraud settlement
In 2021 H.I.G. Capital and former executives of South Bay Mental Health Center (SBMHC) agreed to pay US$25 million for allegedly causing fraudulent claims to be submitted to Massachusetts' Medicaid Program, known as MassHealth, for mental health care services provided to patients by unlicensed, unqualified, and improperly supervised staff members at clinics across the state. This settlement is the largest publicly disclosed government health care fraud settlement in the nation involving private equity oversight of health care providers, as well as the largest amount a private equity company itself has agreed to pay to resolve fraud allegations involving health care portfolio companies.
Source: Commonwealth of Massachusetts (2021)
Business Ethics UN Principles for Responsible Investment signatory
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2023)

> About the Icons

Company Details

Type Private company
Founded 1993
Subsidiaries Jenny Craig Weight Loss Centres Pty Ltd 

Weight loss centres

Established in Australia in 1983 by Sid and Jenny Craig. Today they have 110 stores around Australia and NZ. Bought by Nestle in 2010, who sold it to North Castle Partners in 2013, who sold it to HIG Capital in 2019.


Jenny Craig Inc 

Weight loss centres

One of the world's two largest diet firms (along with Weight Watchers). Founded in Australia in 1983, today they have centres in US, Canada, Australia, New Zealand, UK and France. In 2006 Nestle bought Jenny Craig from private investment firms MidOcean Partners and ACI Capital and founders Jenny and Sid Craig. Acquired by H.I.G. Capital in 2019. Filed for bankruptcy in 2023.

Contact Details

Address Miama, Florida, USA
Email info@higcapital.com
Website higcapital.com

Products / Brands

Jenny Craig
Jenny Craig Weight Loss


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