Expanding Healthcare Access for New York's Youngest
Benefits of Continuous Healthcare Coverage
Providing continuous coverage for children aged six and under leads to a multitude of benefits. A Georgetown University study found that it results in better health, reduced school absenteeism, and improved academic performance. Extended coverage for children can potentially lead to fewer lost work days for parents and reduced medical debt. Even a short gap in coverage can result in a child missing needed care for chronic conditions like asthma, which can lead to emergency room visits and missed school days.
New York is now one of seven states to offer this continuous coverage, and more than 800,000 children under the age of six are enrolled in Medicaid or Child Health Plus and could benefit. This change will mean less absences in childcare or school for our little ones and fewer missed days at work for parents, as stated by González-Rojas. Brouk, on the other hand, said the bill "lifts the burden of annual re-enrollment" by offering continuous healthcare coverage to children aged six or under. This legislation will support parents by giving children access to preventative care without interruptions, reducing barriers in healthcare and ensuring that our young people receive the care they deserve.
Support for the Legislation
New York Legal Assistance Group (NYLAG), Community Service Society (CSS), the Schuyler Center for Analysis and Advocacy, Medicaid Matters NY, the NYC Health and Hospitals System, the Robin Hood Foundation, SEIU 1199, and SEIU Doctors Council all supported the legislation when it was introduced last year. Kate Breslin, president and CEO at the Schuyler Center for Analysis and Advocacy, stated that uninterrupted healthcare coverage can provide several benefits for children and their families. Parents can access regular check-ups, scheduled vaccines, and preventive health services for their child, setting them up for a healthy start. Continuous Medicaid and CHP coverage is a big win for children and families across the state and ensures that New York will remain a leader in providing affordable, comprehensive health insurance coverage for children.
Arlington Capital's Strategic Healthcare Acquisition
Acquisition Details
Private equity firm Arlington Capital has recently sealed a deal to acquire US-based medical device manufacturer TEAM Technologies from Clearlake Capital. TEAM Tech specializes in manufacturing and supply chain solutions, offering end-to-end outsourced design and manufacturing services to medical device and pharmaceutical OEMs. It has been focusing on advanced medical devices crucial for healthcare systems.Arlington Capital managing partner Matt Altman emphasized that TEAM Tech is dedicated to providing holistic solutions for healthcare OEMs' design and manufacturing needs while strengthening supply chains to ensure the timely delivery of critical goods.Arlington principal Gordon Auduong expressed excitement about working with TEAM Tech's management team and building on its foundation through organic investment and strategic acquisitions.TEAM Tech CEO Marshall White, with 25 years of experience, believes Arlington is the ideal partner to accelerate the company's growth and take it to the next level.Arlington's Fund and Previous Investments
Arlington is currently investing from its $3.8bn VI Fund and has made investments in over 175 companies across healthcare, aerospace, and business service sectors since 1999. Recent healthcare investments include Afton Scientific, Riverpoint Medical, and Grand River Aseptic Manufacturing.Other Healthcare PE Deals This Month
In addition to the TEAM Technologies acquisition, other healthcare PE deals have been making waves. Charme Capital Partners acquired Germany-headquartered biotech Centogene for around $9m, and Nexxus Iberia's PE Fund II secured a majority stake in Spanish diagnostic imaging company Vivo Diagnostico.Arlington enlisted Harris Williams as financial advisor and Goodwin Procter LLP as the legal adviser during the buy-up process of TEAM Tech.Access the most comprehensive Company Profiles on the market powered by GlobalData. Save hours of research and gain a competitive edge. You can view profiles in store and request a free sample by submitting the form. We are confident in the unique quality of our Company Profiles and want you to make the best decision for your business.Sign up for our daily news round-up to give your business an edge with our leading industry insights.