Correct Care Solutions, which is backed by Audax Group and Frazier Healthcare, has agreed to buy Conmed Healthcare Management for $3.95 a share cash or $59 million. The transaction is expected to close in third quarter. Conmed, of Hanover, Md., provides correctional facility healthcare services to juvenile and adult county detention centers. Cantor Fitzgerald & [...]
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Conmed Healthcare Management Inc. named Charles Crocker to its board. Crocker is chairman and CEO of Crocker Capital Inc., a San Francisco-based venture capital firm. He replaces Iowa’s Governor-Elect Terry E. Branstad, who resigned Nov. 15. Branstad served as a director since March 2007.