H.I.G. Capital
OVERALL |
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Owned |
USA |
Rating |
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Private equity firm
Global alternative assets investment firm with $55 billion of equity capital under management.
H.I.G. Capital LLC | USA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
H.I.G. Capital LLC | ||||
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) |
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) |
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. Bought by Nestle in 2010, who sold it to North Castle Partners in 2013, who sold it to HIG Capital in 2019. Shortly after its US parent company declared bankruptcy, the Jenny Craig Australia and New Zealand business entered administration and then ceased operations with all staff made redundant after its administrators failed to secure a buyer for the physical stores and employees. Jenny Craig's online business was sold to healthcare technology company Eucalyptus. 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 |
info@higcapital.com | |
Website | higcapital.com |
Products / Brands
Jenny Craig
Jenny Craig Weight Loss |