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MidOcean Partners Closes Credit Investment in The Carpenter Health Network

MidOcean Partners Closes Credit Investment in The Carpenter Health Network

Business Wire5 days ago
NEW YORK--(BUSINESS WIRE)--MidOcean Partners ('MidOcean'), a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity, today announced it has led a term loan investment in The Carpenter Health Network ('Carpenter' or the 'Company'), a founder-owned, leading provider of home health, hospice, and other restorative services based in Baton Rouge, LA. MidOcean was the lead arranger of a new first lien term loan to finance the purchase of a portion of the business by a newly created Employee Stock Ownership Plan (ESOP). Terms of the transaction were not disclosed.
MidOcean's investment in Carpenter is emblematic of its bespoke capital solutions for middle market companies. Carpenter is a market leader within an attractive sector of the healthcare space that has strong secular growth characteristics. The Company operates in a segment in which MidOcean has deep expertise and dedicated coverage.
Founded in 2002, Carpenter has provided hospice, home health, and restorative services to communities across Louisiana and neighboring states for over two decades. The Company's leading brands include St. Joseph Hospice, STAT Home Health, AIM Palliative, SAGE Rehabilitation Hospital and Outpatient Services, Homedica House Calls, Phoenix Pharmacy and others in post-acute care.
'Since 2002, Carpenter Health Network has delivered compassionate, high-quality care to the communities it serves,' said Robert Sullivan, Managing Director and Co-Head of Opportunistic Credit at MidOcean. 'We are proud to support Carpenter in this important transaction, as the Company continues to expand its mission-driven services and deepen its impact to patients across the healthcare landscape.'
Patrick Mitchell, Carpenter's Chief Executive Officer, added, 'We are thrilled to partner with MidOcean on this important transaction. Their investment and structuring expertise will play an integral role in Carpenter's continued growth and underscores their confidence in our mission and long-term growth objectives. This partnership not only strengthens our financial foundation but also empowers our employees—our most valuable asset. '
Gibson Dunn & Crutcher LLP acted as legal advisor to the lenders. CSG Partners acted as financial advisor to the Company, while Hunton Andrews Kurth LLP acted as legal advisor.
About Carpenter Health Network
Originally founded in 2002 as St. Joseph Hospice, The Carpenter Health Network has grown into a multi-state healthcare company with service areas in Louisiana, Texas, Arkansas, Mississippi, Alabama and Florida. Our mission is to joyfully provide optimal patient care seamlessly across service lines to ensure spiritual, emotional and physical healing wherever possible while always respecting life, fostering dignity and preserving quality of life.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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These Fitness Items Can Help Improve Your Bone Density
These Fitness Items Can Help Improve Your Bone Density

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These Fitness Items Can Help Improve Your Bone Density

You're probably familiar with many of the benefits of regular exercise, when done properly. From building muscle to boosting your energy and even helping your brain function better, there's no shortage of reasons to work up a sweat. But there's another great benefit you might not think about as much: You could be improving your bone density through exercise, according to experts. 'Bone density refers to how strong and solid your bones are,' Dr. Raphael Longobardi, New Jersey-based orthopedic surgeon told us. He serves with the RWJBarnabas Health Medical Group and specializes in sports medicine, frequently identifying ways to strengthen the body. 'The amount of mineral content in our bones helps them maintain their strength and resistance to fractures. Maintaining bone density is an incredibly important preventative for reducing the risk of conditions like osteoporosis or fractures. 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Ho said bands are "useful for beginners and those with limited mobility," while Longobardi explained, "They apply resistance that stimulates bone growth through stress."We like this five-pack because all five bands are the same length, but each one has a different resistance level, from extra-light to extra-heavy. "It's important to begin with lighter resistance, gradually increasing in intensity to prevent injuries," Longobardi said, advice that Ho bands are made with a durable, elastic fabric that comes in a bunch of colors. You can use the bands for squats, lunges and other review: "These are high quality resistance bands. They have a slight texture to them which holds them in place while using them. Purchased after recommended by my physical therapist. Variety of resistance bands in the pack which makes it easy to make exercises easier or harder!" —Austin NicholsGet them from Amazon for $19.97. A weighted vest to increase bone density while walking According to Ho, "Weighted vests increase bone-loading stimulus, especially during walking or bodyweight exercises." To properly use a weighted vest for walking to help with bone density or osteoporosis, Medical News Today suggests trying out a vest without weights first, then adding the lowest possible amount and slowly increasing that amount over time. (It's generally recommended that you start with no more than 10% of your body weight, but always check with your physician first.)To do this, you may be best off with an adjustable vest like this one by Zelus, so you can change the weight. The vest comes in three sizes and two colors, with six removable weights on each vest. The vest is designed to evenly distribute the load, and the neoprene material is strong and comfortable. The vest is also equipped with reflective strips for visibility and a pocket to hold your keys, phone and other essentials. Promising review: "My workout program includes a daily walk/run. I have osteoporosis in my spine and I'd been looking for a weight vest to wear during my walks to possibly help rebuild bone density. I really like this vest because the straps are adjustable; there're pockets in the front to hold keys, tissue, etc.; it doesn't ride up or rub when I'm running; and the weights are easy to add and remove. The vest had a noticeable chemical smell when I first took it out the box, but the smell quickly dissipated after the vest sat out a couple days. All in all, it's great value for the money!" —E. R. RogersGet it from Amazon for $39.99+. A mini stair stepper to help you get in some weight-bearing exercise Improving your bone density can be as simple as getting your steps in. Who knew? "Other weight-bearing exercises such as walking, stair climbing, and aerobics also contribute to bone health," Longobardi said. "Activities such as these cause your bones to bear your body weight against gravity, and this contributes to increasing bone mass and preventing osteoporosis in the future." Sellmeyer also suggested stair climbing as part of her recommended 30 minutes of impact exercise a day. If you don't live in a building with stairs or near a set of stairs you can use, a mini stair stepper like this one can provide an easy and convenient way to do these exercises without having to leave the house or make room for large equipment. This stepper has a loading capacity of 300 pounds and weighs just 16 pounds itself, so you can move it around the house as shown in the pictures here. The silent cushioning pad will keep the machine from making too much noise, and the height of the steps can be adjusted depending on your workout needs. You can even use it sitting down, as one reviewer can attest it from Amazon for $47.49+ (available in three colors). Or a walking pad to get even more steps in throughout the day Again, Longobardi and Sellmeyer both recommended walking for impact exercise. One other exercise you can try, according to Sellmeyer, is "tandem walking," where you walk "in a straight line with one foot directly in front of the other" to train your balance and reduce falls (and therefore, your risk of fracturing bones). Like the stair stepper, a walking pad can come in handy if you have less time to go outside for a walk or less space for something like a treadmill that can't be easily stowed away when not in pick is this one by Akluer. You can adjust the incline up to 5%, and the LED display lets you see important stats like distance and speed. The running belt is anti-slip with shock absorbers for a comfortable walk. And when you're done, tuck away the pad under a bed or sofa with ease using the built-in transport it from Amazon for $99.99+ (available in seven styles). A pair of comfortable, supportive shoes Whether or not you buy fancy equipment for your workouts, what you'll always want is a good pair of shoes. "Supportive footwear [is] essential for impact activities like jumping and jogging to prevent joint stress," Ho said, adding that proper footwear can help you avoid it comes to supportive and comfy shoes, we're Hoka fans here, and the Bondi 9s are podiastrist-recommended, to boot. Their plush cushioning and supportive construction have made them a cult favorite for the brand. You can get them in a bunch of colorways and men's sizes 7–16, as well as women's sizes 4– them from Nordstrom for $170 in men's or for $175 in women's. A foam balance pad for balance training Sellmeyer recommended some simple balance exercises, including "standing on each leg for 30 seconds two to three times each day, [and] doing the same standing on a foam balance pad which is more difficult." Foam balance pads have an unstable surface, so using them can help your balance and like this one made by ProsourceFit, which comes in two sizes and has a near-perfect 4.8-star rating with more than 14,000 reviews. The lightweight pad weighs just 12 ounces so you can carry it wherever, and use it for Sellmeyer's recommended balance exercises as well as lunges, squats, planks and more. That's in addition to other uses around the house, like as a knee pad for gardening, a foot pad for underneath your desk and more. Talk about versatility. The pad is available in five colors and two review: "Functions exactly as advertised. great for balance and core work. this pad has the perfect amount of "give" to work those areas. also the small waves on the surface help to prevent sliding on hard wood floors." —Mary it from Amazon for $21.06+. A pair of adjustable dumbbells for weight training Both Ho and Longobardi named adjustable dumbbells as a beneficial equipment option for resistance training. Why adjustable? "While free weights and resistance bands can help stimulate bone growth, it's important to begin with lighter resistance, gradually increasing in intensity to prevent injuries," Longobardi added that adjustable equipment is more suitable for long-term use as you slowly up the intensity of your workouts. In other words, adjustable dumbbells involve taking on a higher cost upfront, but you'll save money later by not having to purchase new dumbbells so pick is this set from Lifepro, which comes in four weight ranges. You just use the sliders to increase or decrease the weight. The dumbbells have a non-slip handle and safety locking mechanism, as well as a storage rack that comes included so you can keep these secure and out of the way. Get them from Amazon for $111.97+. Or this single adjustable dumbbell If you'd rather start off with one instead of a pair, Target sells a single adjustable dumbbell from their All In Motion brand. This plastic and steel dumbbell goes up to 25 pounds and comes with a similar storage tray. Promising review: "These are really nice (I bought 2)! I am a beginner with strength training, so I like that these are compact and easy to adjust the weight. Took me a minute to figure out how to use it (didn't realize the explanation was printed on the actually dumbbells lol) and when I first picked them up one of the plates fell out but luckily I was sitting on the floor. All in all an excellent product and makes me feel confident using weights!" —TeeinteeGet it from Target for $100. A pickleball paddle set for beginners Pickleball has become "America's fastest-growing sport" over the past couple of years, and it can also help improve your bone density, according to Sellmeyer, who suggested the activity as one type of impact exercise. This is also a great way to work out with family or friends for something a little more exciting than a typical walk or weightlifting starter set from Recess Pickleball includes two durable fiberglass paddles with sweat-proof handles and three balls. The brand offers tons of color and pattern options, including the fun "Dog Day" doodles shown here, as well as sets with paddle cases, a gym bag and up to eight it from Amazon for $88.

This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick
This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick

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This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick

Households in Huntington, Long Island have seen a sizable boost to their incomes since COVID, a new study has revealed, putting the once middle-class town on a new rich list. Between 2020 and 2023, the median household income in the enclave surged by a whopping 22.8%, according to research conducted by GOBankingRates. The company analyzed income data from the US Census American Community Survey to determine the top 50 US towns where residents are building wealth the fastest. Huntington placed 16th on the list. Back in 2020, the median household income in Huntington was $131,989. In 2023, that figure had risen to $162,066. Meanwhile, the number of households making more than $200,000 in Huntington rose by an impressive 22.6% during the same four-year period— one of the highest percentages in the entire country. GOBankingRates didn't explain what, specifically, was behind Huntington's wealth boom. It was one of only three New York towns to make the top 50 list. West Islip and Plainview, both located on Long Island, came in 21st and 33rd place, respectively. The median household income in both of those nabes surged between 2020 and 2023, and is now inching toward $200,000 in both communities. Meanwhile, Summit, New Jersey was named by GOBanking Rates as the number one town where 'upper-class Americans are getting richer.' While the community has long been cashed-up, residents appear to be getting richer there at rates higher than anywhere else in the country. Between 2020 and 2023, the median household income in Summit soared by a staggering 39.4%, from $142,845 to $199,107, per the study. There was also a 23.6% increase in the number of households earning $200,000 or more. The GOBankingRates study revealed that California is the state with the most areas amassing wealth quickly. A whopping 20 of the top 50 towns on the list were located in the Golden State, proving it's still a place of upward mobility despite high taxes and astronomical property prices. Solve the daily Crossword

Veteran fund manager points to glaring problem with stocks after rally
Veteran fund manager points to glaring problem with stocks after rally

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Veteran fund manager points to glaring problem with stocks after rally

Veteran fund manager points to glaring problem with stocks after rally originally appeared on TheStreet. Stock market rally defies gravity, leaves many behind The S&P 500's seemingly unrelenting climb from early April into July 2025 has left many investors shaking their heads. This spring, the stock market lost nearly 20% of its value amid a flurry of newly announced tariffs. Worry that tariff-induced inflation would derail the economy, causing stagflation or recession, was rampant. That worry remains, given that tariffs remain much higher than one year ago and economic data show that the U.S. economy is slowing. Yet stocks have brushed aside concerns since April 9, when President Donald Trump paused many reciprocal tariffs, clearing the way for trade a result, many investors expecting a reckoning have been left stuck on the sidelines, wondering if it's too late to buy. Veteran hedge fund manager Doug Kass understands the feeling. Kass has been professionally managing money since the 1970s, and his long career includes a stint as the research director for Leon Cooperman's Omega Advisors, one of the most famous hedge funds ever. This week, Kass discussed the recent stock market rally and its causes and delivered a stern message on risks every investor should consider after the S&P 500's record-setting run. The stock market's gains have been driven by animal spirits, speculation, and computer algos It used to be that humans on major exchanges, like the New York Stock Exchange, executed trades for other humans. Quaint, right? Now, the stock market's inevitable pops and drops are at the whim of computer programmers who have designed programs to exploit every tick higher or lower, and products developed by money-hungry Wall Street firms, like short-term options, that are designed to capitalize best on greed and fear."In the steel cage match since the market's lows in April, the bulls have been virtually unbeatable — like Muhammad Ali and Hulk Hogan," wrote Doug Kass in a post on TheStreet Pro. "But, as we all know, all the WWF matches were fixed — a feeling that the bears have developed over the last three months as retail, zero days to expiration option traders, and volatility-controlled funds have aggressively bought every dip, contributing to the generation of animal spirits and fear of missing out." The combination has led to momentum fueling momentum for momentum's sake. Computers trading with computers and speculators looking for quick gains from the options market have created a self-fulfilling cycle of upside, creating massive fear of missing out, or FOMO, for those who sold during the downturn or held off on new investments, hoping for a better entry point. The gains have been particularly eye-popping for risky stocks, particularly within emerging industries like crypto, artificial intelligence, space, and quantum computing. Circle Internet () , a stablecoin cryptocurrency player, has gained 132% since its June IPO. CoreWeave () , an AI cloud computing company, is up 165% since April 8. Rocket Lab () , which sends light payloads into low orbit, has gained 188% since its early April lows. And Quantum Computing () is up 278% since its bottom in March. What's one thing those companies share in common? None has turned a profit yet. Problems with U.S. economy may not be ignored forever The S&P 500's 24% gain in 2024 was built on the back of surging spending on artificial intelligence, the promise of earnings growth associated with using AI to streamline business practices and procedures, and the prospect of lower interest rates, thanks to the Federal Reserve shifting from hawkish to dovish monetary policy. So far, the Fed has yet to cut rates in 2025, despite lowering rates by 1% into the end of 2024, creating a headwind. AI spending remains robust, given that Alphabet recently increased its capital expenditure outlook this year to $85 billion from $75 billion. Still, cracks have appeared in the economy that didn't exist last year: Layoffs totaled 247,256 in Q2, according to Challenger, Gray, & Christmas, the most since the Covid pandemic closed businesses in 2020. The unemployment rate is 4.1%, up from 3.4% in 2023. The World Bank estimates U.S. GDP growth will be just 1.4% in 2025, down from 2.8% last year. And let's not forget tariffs, which, while likely to be less than feared in April, still represent a massive tax hike. That economic backdrop is problematic for stocks, especially following their big move higher. "The level of delusion (that tariffs will have no inflationary impact) is now beyond the pale. It simply seems the administration is following the Roy Cohen strategy on inflation and tariffs — in that if you repeat 'The Big Lie' enough (that tariffs aren't raising prices), people will come to believe it," opined Kass. Stock market valuation could create a headwind for stocks So far, markets have ignored the inflationary threat, assuming trade deals will soften the blow and corporations can make up any margin hit either by benefiting from a weaker US Dollar on currency conversion or by cutting costs. Indeed, those betting the U.S. economy will sidestep the worst-case scenario — slow growth with inflation or even recession — have profited valuations on many stocks have surged, and as a result, the S&P 500's forward one-year price to earnings ratio is 22.4, according to FactSet. A P/E ratio that high has historically depressed forward stock market returns. Absent a significant uptick in earnings estimates, now largely expected, stocks could take a breather. "My recent complete sales of numerous longs (in housing, financials, private equity and selected technology) have resulted in an expanded cash war chest, which I want in the time ahead," noted Kass on July 23. "I see about 5x more risk than reward, and I see no "margin of safety." Of course, stocks can go higher and lower than many believe possible, which is why, as John Maynard Keynes said, "The market can remain irrational longer than you can remain solvent." Sitting in cash hasn't been a winning strategy lately, something Kass concedes. "I am often wrong and always in doubt," wrote Kass. Nevertheless, he says, "The fact is, though many in the business media say the opposite, earnings estimates are dropping and not increasing — as equities climb." If so, having some cash to take advantage of any weakness may pan out fund manager points to glaring problem with stocks after rally first appeared on TheStreet on Jul 26, 2025 This story was originally reported by TheStreet on Jul 26, 2025, where it first appeared.

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