- Financial Report on Candescent Partners buying Physician practices - Case Study Example Moreover, this investment approach is beneficial for the company to focus more on business expansion and thereby get closer to its long term business goals. Introduction Candescent Partners, LLC is an investment/management company specialized in business expansion activities like buyouts, growth capital, middle market, mezzanine debt investments, and recapitalization. The company was founded by Steve Jenks and Sandy McGrath in 2009 at Boston in the United States. The company is very interested to invest in healthcare, IT sector, software services, consumer products, and business and technology enabled services. Candescent Partners is exploring investment opportunities in US and Canada based companies. As per its investment policy, the companyâ€™s investments may range from $2 million to $30 million and the firm tends to invest in companies having a revenue range of $10 million -$50 million, EBITDA between $2million and $10 million, and an enterprise value between $10 million and $75 million (â€œCompany Overview of Candescent Partnersâ€). Candescent Partners maintains a board seat in companies where it has investments. It is interesting to note that the organization raises funds for investments through personal capital. This paper will focus on the healthcare sector investments of the Candescent Partners by giving specific reference to the financial aspects of buying physician group practices such as Koch Eye in RI. Candescent Partnersâ€™ Investments in Healthcare Currently, the organization has managed an amount worth over $600 million of private equity investments in 44 private growing companies (Candescent Partners website). In this, a notable percent of private equity investments is accounted for healthcare technology and services. Some of the major physician practices bought by the firm are described below. 1. Koch Eye Associates Koch Eye Associates, one of the leading providers of comprehensive vision care services in Rhode Island, was acquired by Candescent Partners in January 2012. Candescent Partners led this business acquisition in association with other co-investors including Pine Street Capital Partners, First New England Capital, Bush Oâ€™Donnell Capital Partners, and BCA Mezzanine Fund, LP. The Koch Eye Associates possesses its own surgery center and offers vision care services ranging from basic optometry to LASIK and cataract surgery. In addition, the organization
Across all nations and cultures, the enduring pursuit of equality in life seems global and timeless. Some would believe that their own country has achieved a true democracy with no residual inequalities of which to speak, while others know they are at the other end of the spectrum, enduring unjust laws that should not be bestowed on any human. Through the course of history many countries have fought for that democracy and all the equality that it implies. While some believe they have reached that goal, others continue to fight for the most basic human rights, even in this time of enlightenment. The journey each country takes on its road to that place may vary by origination, length, severity and outcome, but the goal seems to be the same. Looking at two such journeys through the writings of Martin Luther King, Jr. in his â€œLetter from Birmingham City Jailâ€ and from an excerpt of Aung San Suu Kyiâ€™s In Quest of Democracy, the underlying theme of equality is thoughtfully penned with examples universally recognizable from each of their own perspectives, respectfully acknowledging their own histories, religions, and obstacles to illuminate the path toward that common goal of a just society despite unjust laws. In â€œLetter from Birmingham City Jail,â€ Kingâ€™s detailed writings demonstrate his understanding of the need to painstakingly explain his position to those controlling the unequal democracy under which he was being detained at that time. Even while writing of the history of his people as slaves, King skillfully avoids coming across as just another complainer, laying out the blunt truth as it was. He calls upon history to show that this never should have been in the first place, referencing the New Testament of the Bible ... ...rom suffering under unjust laws imposed by unfair rulers. Two people at different ages in their lives, different stages in their quests, of different histories and religions, one black, one Asian, one male, one female, with one goal for all. While Suu Kyi may one day be in a position to continue her fight, sadly the world lost King too soon. Their examples, as documented in their writings, of persistence, perseverance, and grounding in what is good and just for all mankind should be followed by all, to be benefited from by all. Works Cited King, Martin Luther, Jr. â€œLetter from Birmingham City Jail.â€ Reading the World: Ideas that Matter. Ed. Michael Austin. New York: Norton, 2007. 173-187. Print. Suu Kyi, Aung San. â€œFrom â€˜In Quest of Democracy.â€™â€ Reading the World: Ideas that Matter. Ed. Michael Austin New York: Norton, 2007. 191-196. Print.