Key Insights and Signals – Hospital & Healthcare
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Centre Setup and Expansion
LifeLabs opens Patient Service Centre in Brampton, Ontario
With the opening of this new location, there are now eight Patient Service Centres across Brampton. LifeLabs serves over 820 health care providers, supporting almost 750,000 patient visits annually in Brampton alone. Read More>>
Geisinger breaks ground for a new orthopedic center
The company broke ground on the future site of The Orthopaedic Center, Pennsylvania. The USD 180 Mn center in Columbia County is part of Geisinger’s investment to make better health more accessible to area residents. Read More>>
USD 25 Mn Ochsner Health Center opens in Gonzales
The two-story building comprises a total of 51,600 square feet of space. The first floor includes 18 exam rooms, a laboratory, and a full radiology suite with MRI and mammography. The second floor is built for future growth. Read More>>
Deals
Avelead signs RevID agreement with Meditech-based facility
The company executed an agreement to implement its automated charge reconciliation solution RevID with its first Meditech EHR customer. Read More>>
Health Alliance Plan (HAP) to expand West Michigan presence with Spectrum Health
Under the agreement, 11 Spectrum Health hospitals, 128 outpatient care locations, and 2,300 physicians and advanced practice providers will join the Detroit-based HAPs state-wide care network. Read More>>
Mergers and Acquisition
Trinity Health at Home acquires Above & Beyond Home Healthcare and Hospice
The two companies will officially join forces on July 1 in a move aimed at expanding much-needed care in local communities. Read More>>
Executive Movement
Keith Zimmerman was appointed President of HCA Healthcare’s Mid-America Division
Zimmerman will take up the responsibility for seven hospitals and numerous other sites of care serving the greater Kansas City area. Zimmerman replaces Mel Lagarde, who is retiring after a 40-year career with HCA Healthcare. Read More>>
Bonnie Sawdey joins MedRisk as CHRO
Sawdey serves on MedRisk’s Leadership Team, designing and implementing human resources strategies that support the company’s strategic goals. Read More>>
Three Atrium Health hospitals get new CFO
Phil Wheeler previously served as CFO of Wellstar Atlanta Medical Center and has worked at several other hospitals and Blue Cross and Blue Shield of Pennsylvania. The three hospitals include Floyd Medical Center, Floyd Cherokee Medical Center, and Floyd Polk Medical Center. Read More>>
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Key Insights and Signals in Medical Devices
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Deals
Lonza and the Israel Biotech Fund ink Development and Manufacturing deal
Lonza will add value to IBF through pre-investment due diligence support and offer the venture funds portfolio companies with advice and services for the development and manufacturing of biologics and small molecules. Read More>>
Butterfly Network inks deal with the Medical University Of South Carolina
As part of the agreement, the company will provide its point-of-care ultrasound devices and software to the University, which includes its medical school, research facilities, and fourteen hospitals. Read More>>
Mergers and Acquisition
Quidel, Ortho Clinical Diagnostics form an in vitro diagnostics JV
QuidelOrtho aims to unite technologies and platforms to offer expanded access to clinical chemistry, immunoassay, molecular diagnostics, immunohematology, donor screening, and point-of-care diagnostic offerings. Read More>>
Dexcom may acquire Insulet
The company is in talks to acquire Insulet in a deal that would combine two leaders of the diabetes technology market. The companies currently have a partnership to integrate their devices, and the Food and Drug Administration has cleared devices that can work together. Read More>>
Partnerships
AHN partners with Illumina to assess the role of Comprehensive Genomic Profiling
The partnership will evaluate the role that comprehensive genomic profiling plays in improving the quality of care for patients with cancer. Samples from AHN Cancer Institute’s 24 affiliated oncology clinics have been collected for the purpose of the study. Read More>>
Executive Movement
Zimmer Biomet adds ESG and CEO visibility to Keri Mattox’s duties
Keri will be responsible for “building and executing a comprehensive strategy around Environmental, Social and Governance (ESG) initiatives and increasing CEO visibility, engagement and accessibility. Read More>>
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Key Insights and Signals in Pharmaceutical
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Centre Setup
Merck announces largest single investment in manufacturing
The company will invest more than USD 440 Mn to boost membrane manufacturing at an existing facility in Carrigtwohill and the construction of an entirely new manufacturing facility. Read More>>
Novo Nordisk opens Centre of Excellence for better diabetes care in children
The foundation has launched a Centre for Excellence for children with Type 1 diabetes in collaboration with the established Government Institute of Medical Sciences. The newly inaugurated CoE will help improve the quality of care for Type 1 diabetes. Read More>>
Deal
RetinAI and Novartis ink multi-year software license agreement
RetinAI’s Discovery UNITY platform leverages clinical and evidence from the real world to improve understanding of treatment outcomes. Read More>>
Mergers and Acquisition
Eurofins Scientific’s acquisition of bestLab Oy
After the transaction, bestLab Oy’s operations will continue as part of the Eurofins Group. Eurofins Group provides analytical services as well as testing- certification, and expert services with over. Read More>>
Halozyme completes Antares Pharma Acquisition
The company completed its acquisition of Antares through the merger of an owned subsidiary of Halozyme, with Antares continuing as the surviving corporation and becoming an owned subsidiary of Halozyme. Read More>>
Executive Movements
Mattson and Company recruit CFO and General Counsel for Perrigo Company
The company has assisted in the recruitment of Eduardo Bezerra as CFO and Kyle Hanson as general counsel and corporate secretary of Perrigo Company, a global provider of over-the-counter pharmaceuticals and other healthcare products. Read More>>
Najah Sampson appointed President of Pfizer Canada
Prior to this role, Ms. Sampson was Vice President, Global Genitourinary Franchise Lead for Pfizer Oncology. She is also the first woman to be appointed President of Pfizer Canada. Read More>>
Financial and Market activity
Glenmark Pharma reports revenue growth for FY 2021-22
For the Fourth Quarter of FY 2021–22, Glenmark’s consolidated revenue increased by 5.6 % compared to last year. For the year 2022, Glenmark’s consolidated revenue also recorded an increase of 12.4 % over the previous corresponding period. Read More>>
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Latest Industry Insights from Draup Braindesk
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Startup Spotlight
Company – PhableCare
Total Funding – USD 40.23 Mn
About: PhableCare creates an ecosystem of patients, doctors, hospitals, health devices, insurance, and patient care service providers. Phable’s AI-enabled health assistant significantly improves health outcomes by enabling disease-specific guidance and continuous monitoring. Read More>>
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