Parkland Health to deploy AI, ML, and EHR to reinvent digital patient experiences in Virtual Healthcare

Key Insights and Signals – Hospital & Healthcare

Centre Setup and Expansion
PeaceHealth proposes an ambulatory care center in east Vancouver
The organization proposed a four-story ambulatory care center for east Vancouver. The proposal is for a 176,000square-foot building at the southeast corner of Southeast First Street and Southeast 192nd Avenue. Read More>>
Columbia Asia launches its first Dialysis Centre in Klang
The healthcare has opened its first dialysis center at Columbia Asia Hospital Klang, Mutiara Bukit Raja, to fulfill the dialysis needs of end-stage renal failure patients. Read More>>
Rochester Regional expands cardiology care to Medina
The clinic will offer diagnostic testing and referrals for procedures within Rochester Regionals Sands-Constellation Heart Institute. The Medina hospital already provided some cardiac services, but the new clinic expands those services. Read More>>
Essentia Health to build a new USD 3.3 Mn replacement clinic in Lisbon, North Dakota
At 6,000 square feet, the replacement clinic will be three times as large. And, via expanded services, additional providers, and equipment upgrades, it will enable increased access to care. Read More>>
QOL Medical selects Optum Frontier Therapies as an exclusive Pharmacy partner
The partnership aims to support CSID patients nationwide being treated with Sucraid Oral Solution. Sucraid Oral Solution is an enzyme replacement therapy for the treatment of genetically determined sucrase deficiency. Read More>>
TracPatch Health awarded an Innovative Technology Contract from Vizient
TracPatch’s Knee remote patient monitoring solution has received an Innovative Technology contract in the category of Wearables from Vizient. Read More>>
Merger and Acquisition
OSF HealthCare buys Cottage properties for USD 4 Mn
The sale was complete this week, and any further details will be released later. OSF HealthCare, which operates OSF St. Mary Medical Center in Galesburg, has not commented on how it will use the properties. Read More>>
Fortis Capital Advisors expands US footprint with Next Horizon Advisors’ acquisition
The USD 200 Mn transaction comes as Fortis Capital seeks to continue to expand across the US and aggressively grow its adviser and client base. Read More>>
Ballad Health and ETSU form a new healthcare alliance
Ballad Health and the ETSU are developing a new project that aims to enhance economic growth and create a national center for rural health innovation in the Appalachian Highlands. Read More>>
Executive Movement
Lifepoint Health promotes deputy CCO to Chief Compliance Officer
In the new role, Tizgel High will lead LifePoint’s ethics and compliance team, which is responsible for driving a culture across the enterprise focused on ethical business practices, regulatory and legal compliance. Read More>>
Dr. Timothy Babineau is stepping down as Lifespan CEO
Lifespan’s board of directors had accepted Babineau’s resignation, saying he would stay on as a consultant through the end of September. Babineau would have reached his 10-year anniversary as CEO in August. Read More>>

Key Insights and Signals in Medical Devices

Center setup and Expansion
Illumina expands access to Genomics in Latin America through a state-of-the-art solution center
The choice to bring the facility to Brazil reflects an increasing demand for and interest in clinical genomics, as well as Illumina’s longstanding commitment to expanding global access to genomics in Latin America. Read More>>
Getinge is opening a new Experience Center in Frankfurt
The new Experience Center is a part of the company’s continuous efforts to interact with and support customers, and partners. It will showcase Getinge’s broad portfolio of innovative and sustainable health care and life science solutions. Read More>>
Mergers and Acquisition
Recipharm builds biologics presence with new acquisitions
Recipharm has closed its acquisitions of Arranta Bio and CDMO Vibalogics. The acquisitions will help the company build its presence in the biologics market, with a particular focus on drug substance manufacturing for novel advanced therapy medicinal products. Read More>>
Chimeron Bio partners with FUJIFILM subsidiary
Chimeron Bio selected FUJIFILM Diosynth Biotechnologies as a partner for the transfer and scale-up of Chimeron’s drug substance manufacturing process. Manufacturing will occur at FUJIFILM Diosynth Biotechnologies’ manufacturing facility in Texas. Read More>>
GE Healthcare, Elekta collaborate to expand precision radiation therapy access
The partnership covers the radiation oncology field and is meant to enable the two companies to provide hospitals with a comprehensive offering across imaging and treatment for cancer patients. Read More>>
Executive Movement
LimaCorporate announces the appointment of Interim CEO
The company announced Emmanuel Bonhomme, President Europe, Middle East, and Africa at LimaCorporate, will act as interim CEO, while a selection process to appoint a new leader has been initiated. Read More>>
John Frank joins Illumina as Chief Public Affairs Officer
In this role, he will have strategic oversight for Illumina’s global government affairs and public policy operations, its CSR efforts, all patient advocacy initiatives, and the privacy and ethics office. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup and Expansion
Cambrex completes USD 50 Mn Iowa facility expansion
The expansion, announced in 2020, increases the capacity of the 40-year-old company’s flagship API facility by 30%, according to Cambrex, and positions it as the largest API facility in the U.S. Read More>>
Elanco celebrates a new HQ
The company will relocate from Greenfield and build its facility on 45 acres of the former GM Stamping plant. The project is not only about building new office space but also creating a state-of-the art innovation center and business incubator for Indiana’s growth. Read More>>
Mergers and Acquisition
Sierra surges on GSK buyout
As per the terms, GSK will acquire Sierra Oncology for USD 55 per share of common stock in cash, representing an approximate total equity value of USD 1.9 Bn. The offer price represents a premium of approximately 39% to Sierra Oncology’s closing stock price. Read More>>
Halozyme signs an agreement to acquire Antares Pharma for USD 960 Mn
Antares focuses on developing pharmaceutical products and technologies to address patient requirements in targeted therapeutic areas. Halozyme plans to fund the deal through cash on hand as well as new debt sources. Read More>>
Respirair and Dechra announce veterinary anesthesia collaboration
The company has established a strategic alliance with Dechra in the USA for Isoflurane and Sevoflurane veterinary vaporizers and anesthesia accessories. Read More>>
Executive Movement
Pharmascience appoints a new VP of operations
Ketcha Ngassam will bring more than 20 years of industry knowledge and experience to the company, having worked in sterile and oral solid dosage manufacturing. Read More>>
Pfizer names CFO from Lowe’s to replace Frank D’Amelio
The company named David M. Denton as the company’s new CFO and Executive VP. Denton brings more than 20 years of experience in the healthcare sector. Read More>>
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Latest Industry Insights from Draup Braindesk


Funding Alert

Tri Delta raises USD 60 Mn for St. Jude Children’s Research Hospital
The hospital announced that Tri Delta completed its 10-year, USD 60 Mn fundraising commitment two years ahead of schedule, making it the single largest commitment ever completed by a St. Jude partner to date. In 2014, Tri Delta set the ambitious goal of raising USD 60 Mn by 2024. Read More>>

Startup Spotlight

Company – mPharma
Total Funding USD 88.24 Mn
About: mPharma offers solutions to health insurance and pharmaceutical companies to make it easier for patients to afford their medications. mPharma partners with drug manufacturers, insurance companies, financial institutions, and governments to deliver prescription drugs directly to consumers in emerging markets. Read More>>

Latest Reports Published in Draup

Parkland Health & Hospital System Account Intelligence Report
Parkland Health & Hospital System focuses on enhancing virtual healthcare services by utilizing AI, ML, Electronic Health Records, and Mobile applications to improve the digital patient experience in hospitals. Read More>>
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