Goldman Sachs Group Inc Stock Price, News & Analysis

LeanTaaS Holdings has announced that Bain Capital Private Equity has acquired a majority stake in the company, investing significant growth capital to fuel its expansion. Existing investors Insight Partners and Goldman Sachs will retain material stakes. LeanTaaS specializes in cloud software solutions that optimize hospital operations through advanced AI and predictive analytics. The company serves over 500 hospitals nationwide, including 12 of the top 20 health systems. The transaction is expected to complete in Q3 2022, pending regulatory approval.

Ashcroft Capital has formed a strategic partnership with institutional investors, including funds advised by Goldman Sachs and Blackstone, to enhance its multifamily portfolio in the Sun Belt region. This partnership is anticipated to facilitate liquidity for current investors and enable Ashcroft to pursue approximately $800 million in acquisitions. Currently managing $1.9 billion in assets, Ashcroft aims to add 15 to 20 properties in 2022, focusing on value-add strategies and property enhancements.

Goldman Sachs MLP and Energy Renaissance Fund (NYSE: GER) has announced a quarterly distribution of $0.175 per common share, payable on May 31, 2022. The ex-date for this distribution is May 23, 2022, and the record date is May 24, 2022. A portion of this distribution may be treated as a return of capital for tax purposes, with final characterization determined in early 2023. The Fund, managed by Goldman Sachs Asset Management, primarily invests in master limited partnerships and focuses on the energy sector.

Mahmee, a maternal healthcare startup, has closed a $9.2 million Series A funding round led by Goldman Sachs Asset Management. This investment aims to address maternal healthcare disparities, reduce premature births and Cesarean sections among its users, and expand its community-based care model. Since its inception in 2016, Mahmee has provided care to over 15,000 pregnant individuals, demonstrating improved health outcomes for marginalized groups. The funding will facilitate the growth of Mahmee's provider network and health partnerships, enhancing support for expectant mothers nationwide.

Goldman Sachs BDC, Inc. (GSBD) reported its first-quarter results for 2022, with net investment income per share at $0.49, adjusted to $0.45 after accounting for purchase discount amortization. The Company declared a dividend of $0.45 per share for the second quarter. Total investments at fair value reached $3.93 billion, with a net asset value per share of $15.80. New investment commitments totaled $131.7 million, but total investment income declined to $78.3 million from $83.8 million. Notably, net realized and unrealized losses amounted to $9.8 million.

Goldman Sachs Asset Management has announced a share repurchase program for the Goldman Sachs MLP and Energy Renaissance Fund (GER), effective from May 15, 2022, to April 30, 2023. The Fund plans to buy back up to $10 million of its shares if they trade at more than a 10% discount to their net asset value (NAV). This initiative aims to enhance shareholder value and improve NAV and Net Investment Income per share. The repurchase program follows SEC rules and will be disclosed in shareholder reports.

Omega Healthcare has announced the acquisition of ApexonHealth and Vasta Global, enhancing its capabilities in revenue cycle management and clinical data services. ApexonHealth offers AI-driven payor solutions, improving claims accuracy and efficiency. Vasta Global specializes in oncology data management and analytics. These acquisitions aim to optimize Omega's portfolio of AI-based solutions, expanding its service offerings to over 350 clients. The strategy focuses on leveraging big data to reduce costs and enhance patient care.

Newfront has secured a $200 million investment at a $2.2 billion valuation, led by Goldman Sachs Asset Management and B Capital, with participation from other investors. The funds will be used to modernize insurance brokerage through enhanced technology and geographic expansion. Since its merger with ABD in August 2021, Newfront has launched a new client dashboard and achieved record growth and profitability. The investment reinforces the company's commitment to delivering maximum value to clients while transforming the insurance landscape.

Goldman Sachs BDC, Inc. (NYSE: GSBD) announced that it will report its Q1 financial results for the period ending March 31, 2022, after market close on May 5, 2022. An earnings conference call is scheduled for May 6, 2022, at 9:00 AM ET. Interested parties can participate via telephone or audio webcast on GS BDC’s website. The company, regulated as a business development company, primarily invests in middle-market companies and aims to generate current income through various types of debt and equity investments.