SALT LAKE CITY: Cosentus Holdings, a leading provider of integrated business solutions for healthcare practices, has signed an agreement to acquire Alta Management Solutions, a respected firm specializing in medical practice consulting and revenue cycle management (RCM). The acquisition, finalized on May 27, 2025, strengthens Cosentus’ national presence and enhances its service offerings. Based in…
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Expert Institute bolsters expert witness services with acquisition of ECLS
New York: Expert Institute, the legal industry’s top provider of expert witness services and litigation intelligence, has acquired ExpertConnect Litigation Support (ECLS), a boutique firm known for its high-profile network of specialists in complex regulatory, commercial, and IP disputes. The deal strengthens Expert Institute’s dominance in the expert witness market, adding ECLS’s roster of elite…
Epassi Group acquires VIP District, expands employee benefits platform across Europe
HELSINKI: Epassi Group has acquired Spain-based VIP District, a leading employee rewards and engagement platform, marking a key step in its European expansion strategy. The deal follows Epassi’s recent purchase of U.K. benefits provider Zest and strengthens its presence in Spain, Portugal, Italy, Germany and the Netherlands. Founded in 2010, VIP District serves more than…
Autonomize AI raises $28 million to advance AI solutions in healthcare
AUSTIN: Autonomize AI, a U.S.-based startup developing artificial intelligence solutions for healthcare, has secured $28 million in Series A funding, bringing its total capital raised to $32 million. The investment round was led by Valtruis, The Cigna Group Ventures and Tau Ventures, with participation from existing investors including Asset Management Ventures, ATX Venture Partners and Capital Factory,…
Global EV sales rise 24% in May, led by Chinese market growth
Global sales of electric and hybrid vehicles climbed 24% in May to 1.6 million units, driven largely by China, which accounted for one million sales both domestically and abroad, according to data from Rho Motion. The report also noted a more modest month-over-month increase of 8%. Through the first five months of the year, global EV sales…
DigitalOcean partners with AMD to offer affordable AI GPUs for developers
NEW YORK: DigitalOcean Holdings, Inc. (NYSE: DOCN) announced a collaboration with AMD to provide its customers with access to AMD Instinct™ GPUs, (AI GPUs) starting with the MI300X model, to power artificial intelligence workloads. The cloud computing company said it will later expand its offerings to include AMD’s high-performance MI325X GPUs, giving developers more affordable…
German start-up Proxima Fusion raises €130 million to develop fusion power plant
MUNICH: German start-up Proxima Fusion announced Wednesday it raised 130 million euros ($148 million) in a record funding round, with investors betting the company can develop the world’s first commercial nuclear fusion power plant. The Series A financing, co-led by Cherry Ventures and Balderton Capital, marks the largest private fusion investment in Europe to date….
Global economic growth to slow to 2.3% in 2025 amid rising trade tensions, World Bank reports
WASHINGTON: The global economy is facing significant headwinds as growth is projected to slow to 2.3% in 2025, the weakest pace since 2008 outside of outright recessions, according to the World Bank’s latest Global Economic Prospects report released Wednesday. The slowdown is driven by escalating trade barriers, heightened policy uncertainty, and financial market volatility, with emerging market and…
Brown & Brown to acquire Accession Risk Management in $9.83 billion deal
NEW YORK: Brown & Brown (BRO.N) announced Tuesday it will acquire rival Risk Strategies and its parent company, Accession Risk Management, in a $9.83 billion deal, expanding its capabilities in property and casualty insurance as well as employee benefits. The acquisition is part of a wave of consolidation in the highly fragmented insurance brokerage industry, where major…
Wayve, Uber to launch first public autonomous vehicle trials in London
LONDON: Wayve and Uber Technologies Inc. announced plans Tuesday to develop and test Level 4 autonomous vehicles on public roads in London, marking the largest market where Uber has proposed such a pilot. The collaboration combines Wayve’s AI-driven autonomous vehicle platform with Uber’s global ride-hailing network, advancing efforts to deploy self-driving cars at scale in Europe….
Vantage Data Centers raises €720 million in European securitization deal
U.S. data center operator Vantage Data Centers has secured €720 million ($821.4 million) in Europe’s first euro-denominated asset-backed securitization (ABS) deal involving data center assets, the company announced Tuesday. The transaction, backed by four of Vantage’s German facilities—two in Berlin and two in Frankfurt—marks a milestone in European data center financing. The bonds issued carry an average…
VinaCapital sells stake in Vietnam’s leading private healthcare network
HANOI: VinaCapital Vietnam Opportunity Fund (VOF), a London-listed closed-end fund managed by VinaCapital, has sold its stake in Tam Tri Medical Joint Stock Company (TTMC), Vietnam’s leading private healthcare network, to a prominent healthcare-focused private equity firm in South and Southeast Asia. Financial terms of the deal were not disclosed. VOF initially invested in TTMC in 2018…