Happy hump day, Hubsters! Rafael Canton here with the US edition of the Wire from the New York newsroom. We’ll begin the Wire with a healthcare focus. Let’s start with an exclusive. Earlier Wednesday morning, PE Hub was first to report DuneGlass Capital-backed AlliedOMS, is acquiring four oral care practices. Then, as President Donald Trump’s sweeping domestic policy package makes its way to the US House of Representatives – where it still faces hurdles – we have insights from Reed Smith partner Nicole Aiken-Shaban on how the bill, if it passes, may affect private equity deals in the healthcare sector, especially with regard to Medicaid. After that, we have a couple of deals. First, newly launched Altaline Capital Management has made a strategic growth investment in Brazos Safety Systems. Finally, we’ll shift to music royalties. Bain Capital and Warner Music Group (WMG),are launching a joint venture to allow for the purchase of up to $1.2 billion of “legendary” music catalogs across both recorded music and music publishing. PE Hub has covered the sector in-depth so let’s look at what’s happened in the sector recently. Adding more density Let’s start with some news.Earlier on Wednesday,PE Hub’s John Ross Fischer was first to report Allied OMS, an oral care management service organization backed by independent sponsor DuneGlass Capital, is acquiring Oral Surgery Michiana in Indiana, and Heart of Texas Oral Surgery, North Austin Oral Surgery and Kerrville Oral & Maxillofacial Surgery in Texas. Subscribe to the premium version of the Wire to understand DuneGlass’ growth strategy for Allied OMS. Budget bill winners and losers As President Donald Trump’s sweeping domestic policy package makes its way to the US House of Representatives – where it still faces hurdles – PE Hub reporter John Ross Fischer asked Reed Smith partner Nicole Aiken-Shaban how the bill, if it passes, may affect private equity deals in the healthcare sector, especially with regard to Medicaid. Upgrade to the premium version of the Wire to see how changes to Medicaid could affect PE deals if the bill is passed into law and more. Aviation operations Newly launched Altaline Capital Management has made a strategic growth investment in Brazos Safety Systems. PE Hub was the first to cover the new firm’s launch earlier this week. Subscribe to the premium version of the Wire to learn more about Altaline and the firm’s debut deal. Timeless music In news announced on Tuesday, Bain Capital and Warner Music Group (WMG), are launching a joint venture to allow for the purchase of up to $1.2 billion of “legendary” music catalogs across both recorded music and music publishing. PE Hub’s Iris Dorbian has covered in-depth private equity’s interest in music deals. In April, Iris wrote about how the music royalties and copyrights sector’s ability to generate stable cashflow, even in downturns, is a strong draw for PE investors in a time of economic uncertainty. We’ve seen new deals. In May, two PE deals were announced. HarbourView Equity Partners agreed to acquire select catalog assets from Rodney Jerkins, a Grammy Award-winning producer and singer/songwriter. Round Hill Music also acquired music catalogs of UK songwriter Terry Shaddick, Swedish DJ Linus Eklow, Rod Stewart songwriter Carmine Appice, yacht rock icon Al Stewart and reggae rock band Dirty Heads. Details on the joint venture and why music royalties deal are attractive to PE are available in the premium version of the Wire. That’s it for me. If you have any questions, thoughts, or want to chat about deals in the tech, consumer or sports sectors, please email me at rafael.c@pei.group. Tomorrow, Nina Lindholm will be with you for the Europe edition of the Wire and Michael Schoeck will bring you the US edition. Cheers, Rafael Read the full Wire commentary on PE Hub ... | 