A former Smith & Nephew (NYSE:SNN) executive wants a Tennessee federal court to force the company to cough up documents detailing its sales to the U.S. government as part of his whistleblower lawsuit accusing the firm of breaking the Trade Agreements Act.
The Blackstone Group LP
Last week, the world’s largest private-equity company quietly put its money on the table in what could turn out to be a very big gambling chip in the world of medical device mergers & acquisitions.
In a quarterly earnings announcement, The Blackstone Group (NYSE:BX) confirmed a startlingly large $16.1 billion leveraged-buyout fund, which is about 10 percent of the $159 billion total assets the firm has under management.
One of the potential bidders for Kinetic Concepts Inc. (NYSE:KCI) is the Blackstone Group, a private equity firm with a massive $16 billion buyout fund and a past history of making big bets in med-tech.
The Blackstone Group LP’s (NYSE:BX) charitable arm is giving $3.6 million to create a new entrepreneurial network in North Carolina’s Research Triangle intended to emulate similar networks in Boston and Silicon Valley.
In announcing the gift, the Blackstone Charitable Foundation said the new five-year initiative would help the Triangle become headquarters for America’s next high-growth potential area to create new jobs.