Lee Equity Partners and Coastwood Senior Housing Partners Announce Agreement to Invest in Discovery Senior Living

Lee Equity Partners and Coastwood Senior Housing Partners Announce Agreement to Invest in Discovery Senior LivingThe Oct. 2 transaction is part of a new venture to support the strategic expansion of Discovery Senior Living’s national portfolio.

BONITA SPRINGS, Fla. – October 13, 2022 – (Newswire.com)

Funds advised by Lee Equity Partners, LLC (“Lee Equity”) and Coastwood Senior Housing Partners, LLC (“Coastwood”), two specialized investment firms, announced the signing of an agreement to invest in Discovery Senior Living (“Discovery”), one of the nation’s largest and most innovative senior housing operators. The recapitalization will fund Discovery’s continued expansion and operational platform enhancements as it positions itself to meet the evolving needs of all industry stakeholders and take advantage of the myriad of opportunities in the maturing industry.

This partnership will usher in the next stage in Discovery’s journey to expand its proprietary National and Regional Brand Management structure, enhance its Experiential Living Operating Programs, as well as continue the evolution of its state-of-the-art business processes focused on delivering a modernized platform producing more transparent and predictable outcomes.

“This strategic recapitalization purposefully combines the strengths and successful experiences of three companies and the resultant innovation-focused efforts will allow the acceleration of Discovery’s ability to execute its vision of creating a scaled company that outperforms the marketplace, addresses some of the legacy industry paradigms and of course focuses on delivering a customized and holistic resident and team member experience,” said Richard J. Hutchinson, CEO, Discovery Senior Living.

“Discovery Senior Living represents the ideal platform to build a leading national senior living operator due to the strength of its team, centralized services, and national and regional brand operating structure. The secular growth tailwinds and consolidation opportunity within senior housing management are very similar to those we observed in the third-party hotel management sector with our Aimbridge Hospitality investment. We seek to replicate that success in partnership with Richard Hutchinson and the Discovery team, as well as Dan Decker and the Coastwood team,” said Yoo Jin Kim, Partner, Lee Equity Partners.

“We believe the partnership among Discovery, Coastwood and Lee Equity will be unique in the senior living industry. Discovery contributes its highly scalable platform and best-in-class senior living operations. Coastwood contributes decades of senior living investment and operating experience. Lee Equity contributes its expertise in business and healthcare services along with its buy-and-build experience. We are excited to combine our capabilities to lead the industry with improved quality of care, technology innovation, and data-driven outcomes,” said Dan Decker, Chairman, Coastwood Senior Housing Partners, LLC. Mr. Decker will assume the role of Chairman of the Board of Directors of Discovery Senior Living upon closing.

Hutchinson also added, “After nearly 30 years of working in this industry, I could not be more enthusiastic about pushing forward with the natural evolution of our company and industry and believe we will continue to attract the absolute most forward-thinking owners, capital partners and individuals who want to be a part of our dynamic culture and the future of our industry.”

The family of companies in the agreement include Discovery Management Group, Morada Senior Living, TerraBella Senior Living, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home, a Medicare-certified home healthcare company. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in Q4 of 2022.

With headquarters in Southwest Florida, Discovery Senior Living currently owns and operates a national, multi-branded portfolio of more than 110 communities in 19 states.

About Discovery Senior Living

Discovery Senior Living is a family of companies that includes Discovery Management Group, Morada Senior Living, TerraBella Senior Living, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home, a Medicare-certified home healthcare company. With almost three decades of experience, the award-winning management group has been developing, building, marketing, and operating upscale senior-living communities across the United States. By leveraging its innovative “Experiential Living” philosophy across a growing portfolio of more than 15,000 existing homes or homes under development, Discovery Senior Living is a recognized industry leader for lifestyle customization and, today, ranks among the 10 largest U.S. senior living operators and providers.

About Lee Equity Partners

Lee Equity Partners, LLC is a New York-based private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $150 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily in the United States. The firm invests in a range of industries where the team has deep relationships developed over decades, including business services, financial services, and healthcare services. 

About Coastwood Senior Housing Partners, LLC

Coastwood Senior Housing Partners, LLC is an investment firm led by Daniel A. Decker that specializes in seniors housing and related services. The Coastwood partners have extensive investment experience in the senior housing and healthcare services industries, including investments in Omega Healthcare Investors (OHI), Sunrise Senior Living, and Sentio, as well as board experience in a variety of publicly owned and private healthcare service companies.

Contact Information:

Heidi LaVanway

Vice President of Marketing

[email protected]

239.301.5330

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Lee Equity Partners and Coastwood Senior Housing Partners Announce Agreement to Invest in Discovery Senior Living

Faith Works Crisscrosses Georgia for Series of Get-Out-the-Vote Rallies to Promote Early Voting

Faith Works Crisscrosses Georgia for Series of Get-Out-the-Vote Rallies to Promote Early VotingEvents to Celebrate Local Faith Institution’s Efforts to Promote Strong Voter Participation and Educate Voters on the Anti-Voting Law – SB 202

ATLANTA – October 13, 2022 – (Newswire.com)

Faith Works, Georgia’s unified body of faith leaders fighting against the anti-voting law SB 202, announced today that it would crisscross Georgia during the month of October for a series of local rallies to highlight early voting opportunities and showcase the work of local faith institutions who are promoting the democratic ideal of voter participation. Earlier this month, Faith Works announced a massive effort to ensure that over 1,000 local churches, synagogues, mosques, and other faith institutions create their own customized voter engagement campaigns to ensure every person within their local congregations has the information and ability to vote this Fall.   

In Faith Works’ view, after a record turnout by African-American voters in the 2020 election, extremists in Georgia constructed and spent millions of dollars on a campaign designed to minimize and invalidate various communities throughout the state from voting, most specifically voters of color, for this year’s election. The anchor of this effort was Georgia’s new anti-voting law, SB 202, which passed without debate or discourse. SB 202 significantly diminishes the ability to request and submit absentee ballots, minimizes voting opportunities across the state, makes it a crime to offer food or water to people waiting in long lines to vote, and places the politically controlled legislature in control of the State Election Board, rather than the elected Secretary of State. To learn more about Faith Works, please go to FaithWork.Vote.

“In 2020, African Americans in Georgia made voting history, and we are clearly on the verge of doing it once again,” stated AME Bishop Reginald T. Jackson, the Presiding Prelate of the Sixth Episcopal District and a founding member of Faith Works. “Despite every effort by extremists to minimize black turnout this voting cycle, our communities are responding like never before with urgency and enthusiasm. With early voting finally rolling out next week, Georgia will see that our communities are organized and determined. People of faith will not be intimidated or marginalized, and I am so proud that it is the state’s faith institutions who are supporting and promoting the ideals of our democracy.”

FAITH WORKS TOUR LOGISTICS

The following regional rallies are scheduled throughout the month of October. Please note that in addition to the participation of Faith Works’ statewide faith leadership, guest speakers are showcased for each event. The event will be open, and local multi-denominational congregations have been invited to each event. Each event will also be live-streamed on YouTubeFacebook, and the Sixth Episcopal District AME Church’s website.

In addition to the planned rallies listed below, Faith Works’ statewide leadership will meet with local clergy for strategic planning purposes, and onsite GOTV activities will be organized during each stop along the tour.   

Media wishing to cover the tour or travel with the Faith Works’ leadership may contact Matthew Frankel at (917) 617-7914.

FAITH WORKS GET-OUT-THE-VOTE RALLIES

Macon – Tuesday, October 18 at 7:00 pm

New Fellowship Missionary Baptist Church — Dr. James L. Bumpus, Lead Pastor

475 Church St, Macon, GA 31217

Guest Speaker: Rev. Thurmond Tillman, First African Baptist Church, Savannah, Georgia=

Columbus – Wednesday, October 19 at 7:00 pm

St. James AME Church — Rev. Joseph Baker, Lead Pastor

1002 6th Ave, Columbus, GA 31901

Guest Speaker: Dr. Anthony Corbett, President, General Baptist Convention of Georgia and Pastor, Lundy Baptist Church, Macon

Augusta – Thursday, October 20 at 7:00 pm

Bethel AME Church – Rev. Augusta Hall, Pastor

623 Crawford Avenue, Augusta, GA 30901

Guest Speaker: Dr. Jamal Bryant, New Birth Baptist Church, Atlanta

Savannah – Monday, October 24 at 7:00 pm

St. Philip AME Church — Dr. Jai Haithco, Lead Pastor

613 Martin Luther King Jr Blvd, Savannah, GA 31401

Guest Speaker: Dr. Da’Henri Thurmond, St. Paul CME Church, Savannah

Valdosta – Tuesday, October 25 at 7:00 pm

New Life Ministries — J. Bernard Braswell II, Lead Pastor

5651 Inner Perimeter Rd, Valdosta, GA 31601

Guest Speaker: Rev. Paul Little, Mt. Zion Baptist Church, Macon

Albany – Wednesday, October 26 at 7:00 pm

Shiloh Baptist Church, Rev. Perry Simmons

325 W. Whitney Avenue, Albany, GA 31701

Guest Speaker: Rev. Lorenzo Heard, Second Mt. Olive Baptist Church and Chair-Elect Dougherty County Commission

Atlanta – Thursday, October 27 at 7:00 pm

St. Philip AME Church, Rev. William D. Watley, Ph. D., Lead Senior Pastor

240 Candler Rd., Atlanta, GA 30317

Guest Speaker: Dr. Charles Goodman, Lead Pastor, Tabernacle Baptist Church, Augusta

#.    #.    #

Contact Information:

Matthew Frankel

MDF Strategies

[email protected]

917-617-7914

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The Youth Mental Health Project, in an Effort to Bring Awareness to the Youth Mental Health Crisis, Offers Its First Free Screening of the Award-Winning Film, NO LETTING GO

The Youth Mental Health Project, in an Effort to Bring Awareness to the Youth Mental Health Crisis, Offers Its First Free Screening of the Award-Winning Film, NO LETTING GOThe true story of a young teenager’s struggle with a mental health condition as his mom risks everything to save him

SILVER SPRING, Md. – October 13, 2022 – (Newswire.com)

The Youth Mental Health Project (YMHP), a national nonprofit dedicated to addressing the mental health crisis among young people, will offer a free online screening of NO LETTING GO on Oct. 26, 2022 at 7 pm (ET). The screening is part of a year-long campaign to raise awareness of the youth mental health crisis and the importance of early intervention. Registration to attend the screening is available here.

The viewing event will also include a talk with screenwriter and The Youth Mental Health Founder, Randi Silverman, whose family story is highlighted in the film, along with Emmy-nominated actress Cheryl Allison, who portrays Silverman in the film.

Earlier this year, Surgeon General Dr. Vivek Murthy declared a national advisory on the youth mental health crisis, while in 2021 the CDC reported that 37% of high school students struggled with their mental health and 44% felt persistently sad and hopeless.

No Letting Go shines a very personal light on the devastating impacts of the childhood mental health crisis in an effort to create community conversations, end the silence caused by blame and shame, build awareness and understanding, and let families know they are not alone.

“The film is about one family’s experience raising a child with a mental health condition, but it is the story of millions of families across the country,” said Reggie Williams, Co-Chair of The Youth Mental Health Project Board. “We hope that audiences will gain an understanding of what individuals with mental health conditions and their families experience as they navigate school and work in their communities.”

The Youth Mental Health’s Project’s mission is to educate, empower and support families and communities to better understand and care for the mental health of our youth. YMHP is the only national organization devoted solely to the needs of parents of children ages 0 to 25 with the full range of concerns about their child’s mental health, from a sense that their child might be struggling to serious mental health diagnoses (e.g., bipolar disorder, schizophrenia) and suicidal ideation. To learn more, visit their website http://ymhproject.org

Contact Information:

Heather Harter

Development Director

[email protected]

4849298735

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The Youth Mental Health Project, in an Effort to Bring Awareness to the Youth Mental Health Crisis, Offers Its First Free Screening of the Award-Winning Film, NO LETTING GO

UroViu Corp Secures Medical Equipment ECAT Contract for VA DoD Purchasing

UroViu Corp Secures Medical Equipment ECAT Contract for VA DoD PurchasingDoD and VA Healthcare Facilities Can Now Purchase UroViu’s Single-Use Endoscopy Products

UroViu Corp Secures Medical Equipment ECAT Contract for VA DoD Purchasing
UroViu Fidelis

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LOS ALTOS, Calif. – October 13, 2022 – (Newswire.com)

UroViu Corp, a company that develops and commercializes highly portable single-use endoscopy platforms, announced today that it has been added to the US Defense Logistics Agency’s Medical Equipment ECAT. With a contract secured through Fidelis Sustainability Distribution, Veterans will now have access to the latest endoscopy products on the market. 

Under the agreement, UroViu will sell its entire product line at a contracted price for distribution exclusively through Fidelis to over 1,200 VA and DOD healthcare facilities throughout the United States that serve 9 million enrolled Veterans each year. 

“Urology is the second most common indication by procedure volume in the Veterans Health Administration (VHA) representing a large market for UroViu,” said Sebastien Cadet, Chief Commercial Officer of UroViu Corp. “ECAT is the most convenient and cost-effective way to deliver our products to all government facilities. It is with great pride we can now efficiently support our Veterans.”

Single-use endoscopy is a safer and more reliable alternative to traditional reusable scopes which must be cleaned, disinfected, and sanitized after every use. The difficulty of servicing traditional scopes has led to FDA scrutiny due to cross-contamination risks. UroViu’s single-use scopes eliminate those risks. The single-use platform ranges from a 12-Fr diagnostic semi-rigid cystoscope and equivalent hysteroscope, a 14-Fr injection cystoscope with an integrated needle for drug delivery, to a flexible, deflectable, and rotatable 16.5-Fr cystoscope have the potential to help any government facilities improve care and efficiency. 

“Fidelis’ SDVDSB status provides UroViu with preferential access to secure VHA and DOD contracts,” said Joel Kohn, President of Fidelis Sustainability Distribution, LLC. “More importantly, we help streamline the procurement process thus accelerating the delivery of cutting-edge technologies such as UroViu’s single-use endoscopes that our Veterans deserve.”

About UroViu Corporation

UroViu Corporation’s mission is to revolutionize the endoscopy platform for improved patient care and provider efficiency with operations in California and Washington and production facilities in Asia. UroViu is the developer of the always-ready cystoscopy & hysteroscopy platforms, the highly portable, self-contained, and versatile single-use endoscopy solution to meet the needs of Urologists, UroGynecologists, and Gynecologists. The unique portable platform and product suite are protected by a portfolio of 20+ patents granted worldwide and many more pending patents. UroViu’s vision is to simplify the scope of patient care. For more information please visit www.uroviu.com.

About Fidelis Sustainability Distribution

Fidelis Sustainability Distribution, LLC, (FSD) is a Nevada-based, Service-Disabled Veteran-Owned Small Business (SDVOSB) focused on helping streamline the acquisition of medical/dental technology in US Government facilities. Our firsthand industry experience of how technology moves from concept to commercialization and through healthcare supply chains enables us to support our manufacturing partners and Government customers alike at the highest level. Since 2014, FSD has secured over $80M+ in positive past performance and is dedicated to serving all major Federal Healthcare facilities including 170+ VAMC’s, 1,000+ CBOC’s,150+ DOD Medical Facilities, and Health and Human Services (HHS).

Contact Information:

Lisa Sorbo

Marketing Manager, UroViu Corp

[email protected]

941-667-0043

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