TytoCare and Carilion Clinic set to expand telehealth services by offering remote physical examinations

Key Insights and Signals – Hospital & Healthcare

Centre Setup
Novant Health breaks ground on USD 169 Mn expansion of Matthews hospital  
The new tower will house 20 new patient beds and surgical services, including seven operating rooms, three endoscopy suites, a post-anesthesia care unit, and an ambulatory care unit. Read More>>
Cone Health plans Kernersville primary care, wellness facility 
The health facility announced it would build a 12,000-square-foot facility in the Welden Village community of Kernersville. The facility is projected to open in the summer of 2023. Initially, the planned facility will offer primary-care and laboratory services, weight management, and wellness components. Read More>>
Healthcare-GoHealth Urgent Care opens a new location in Newington 
The new location will provide the community access to treatment for non-life-threatening illnesses and injuries, on-site X-ray services, covid-19 evaluation, and testing at the new location. Read More>>
Pro Medicus signs USD 28 Mn contract with Allina Health 
Under the terms of the agreement, Pro Medicus’ Visage 7 Enterprise Imaging Platform and Visage 7 Workflow module will be implemented throughout the Allina Health network. The contract also marks Pro Medicus’ continued rapid expansion into North American integrated delivery networks (IDN). Read More>>
Mergers and Acquisition
RSM advises Affidea on the acquisition of ClínicaTecma 
RSM has been involved in the entire process, carrying out the financial, legal and tax due diligence, as well as legal advice until the transaction’s closing. The acquisition of Tecma is the fourth that the company has completed in 2022 at a European level. Read More>>
Bon Secours Mercy Health’s digital holding company acquires Nordic 
This partnership advances Accrete’s core objectives of working with industry leaders to pioneer solutions that improve healthcare quality and cost-effectiveness. Through the partnership, Nordic and Accrete aim to help clients achieve their business goals. Read More>>
TytoCare & Carilion Clinic partner to expand telehealth offerings 
The integration of TytoCare into Carilion’s current virtual care offerings enhances the health system’s ability to diagnose and treat patients remotely with in-depth physical examinations during virtual visits. Read More>>
Executive Movement
New president named for BHSH Beaumont Health  
BHSH System has appointed Benjamin Schwartz, MD, as the new president of BHSH Beaumont Health, effective July 5. Schwartz comes to BHSH Beaumont Health from Northwell Health in New York, where he has served as senior vice president and a physician executive for the eastern region. Read More>>
Timothy Sweeney named Liberty Mutual’s next CEO 
Mr. Sweeney joined Liberty Mutual in 1993 as director of corporate strategy and has held more senior roles progressively, mainly in its personal lines and small commercial segments. He was named president of the insurer last year. He will be the 10th CEO in the company’s 110-year history. Read More>>

Key Insights and Signals in Medical Devices

Center Setup
Strykers Global Technology Center opens in Gurugram 
The center is designed to connect with healthcare professionals and develop new technologies to meet their needs. The 150,000 sq. ft facility will also help accelerate innovation in India and globally and further support the company’s mission to improve healthcare. Read More>>
Cardinal Health to extend warehouse footing with a new center 
This new facility will support Cardinal Health’s at-Home Solutions business — a market-leading medical supplies provider and specialized business committed to offering comfortable care at home for people suffering from chronic and severe health conditions. Read More>>
Insulet to open up a new manufacturing facility in Malaysia for insulin management products 
The new manufacturing facility in Johor Bahru will produce the company’s Omnipod Insulin Management System and include approximately 400,000 square feet of manufacturing space. Read More>>
Integrated DNA Technologies (IDT), Beckman Coulter Life Sciences ink distribution deal 
This new agreement enables IDT to offer customers plug-and-play automation and intuitive next-generation sequencing (NGS) technology to optimize library preparation protocols. Read More>>
Mergers and Acquisition
Becton, Dickinson & Co. buys North Carolina-based Parata Systems for USD 1.5 Bn
The deal will give Becton, Dickinson access to a USD 600 Mn pharmacy automation technology and software market, enabling pharmacists to focus more on clinical work and patient interactions. Read More>>
National Acoustic Laboratories (NAL) partners with WS Audiology to improve hearing health  
Through this research collaboration, NAL will work closely with WS Audiology to investigate the knowledge and attitudes Australians have about hearing solutions and factors that impact their decision to use a hearing device. Read More>>
Health tech firm Annalise partners with Fujifilm Australia 
Sydney-based Healthcare AI firm has partnered with Fujifilm Australia for the distribution of its decision-support solutions for portable and stationary chest x-ray machines. Read More>>
Executive Movement
Amwell appoints ex-Advocate Aurora exec as Chief Medical Officer 
As CMO, Nelson will focus on helping Amwell’s payer and provider clients get the most out of the vendor’s infrastructure platform Converge, launched last spring, and help them leverage hybrid care programs to improve population health. Read More>>
SmileDirectClub appoints Troy Crawford as Chief Financial Officer 
Mr. Crawford has served as the interim CFO since January 8, 2022. In his interim CFO role, Troy demonstrated financial discipline and focus, among many other instrumental skills, to drive SmileDirectClu’s plans for improved business performance and near-term profitability. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup
Japan’s Astellas opens office in Saudi Arabia  
The inauguration aligns with Astellas’ objective to provide the Saudi healthcare infrastructure with medicines and treatments. The Tokyo-based company will create new job opportunities for Saudi citizens through the Riyadh office and deliver new skills to local communities. Read More>>
Sanofi unveils new campus in Massachusetts 
The new campus brings together 2,500 Sanofi Massachusetts-based employees in a shared space. The goal is to improve collaboration between R&D, Medical, and the Specialty Care business unit and grow a science-centered, patient-focused culture. Read More>>
Samsung Biologics inks USD 81 Mn deal with Novartis  
As Samsung Biologics, the biotech division of the Samsung Group places more emphasis on manufacturing, the company has now inked a major new contract with Novartis. The signing also marked the first time for Samsung Biologics to secure a deal from Novartis. Read More>>
Catalent and MigVax to develop an orally disintegrating freeze-dried tablet vaccine against COVID-19 
Under the terms of the agreement, Catalent will undertake a feasibility study to formulate MigVax-101 into a Zydis Bio ODT dose form and evaluate its preclinical performance and stability properties. Work will be carried out at Catalent’s Zydis facility in Swindon, U.K. Read More>>
Mergers and Acquisition
Eagle Pharmaceuticals’ complete acquisition of Acacia Pharma 
The proposed transaction has been approved by the boards of directors of both companies and is expected to close in late 2Q22, subject to customary closing conditions. Read More>>
Pfizer completes acquisition of ReViral 
The acquisition expands Pfizer’s anti-infective pipeline and reinforces its commitment to developing both medicines and vaccines to help combat respiratory syncytial virus (RSV). Read More>>
CureVac acquires Frame Cancer Therapeutics 
The acquisition is the latest step in CureVac’s vision to expand its focus on cancer vaccines by applying the insights and findings gained from COVID-19 vaccine development to oncology. Read More>>
Ferring announces new collaboration for the development of Olamkicept 
This new collaboration enables Ferring to invest in developing Olamkicept globally and provides an option for I-Mab to collaborate with Ferring in the future development of Olamkicept at a pre-defined development milestone. Read More>>
Executive Movements
Amarin Corp. appoints Tom Reilly as the new Chief Financial Officer 
Tom Reilly is an experienced senior leader with significant expertise in corporate and commercial finance in the pharmaceutical and biotechnology sectors. He recently served as the CFO at Cara Therapeutics, where he was responsible for leading all aspects of Cara’s financial operations and planning. Read More>>
Pfizer appoints Annaliesa Anderson as Senior Vice President  
Effective August 1, Annaliesa Anderson will succeed Kathrin Jansen, who previously announced her retirement from Pfizer. With more than two decades of biopharmaceutical R&D experience, Dr. Anderson most recently served as Vice President and Chief Scientific Officer for Bacterial Research and Hospital within the Vaccine R&D organization. Read More>>
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Latest Industry Insights from Draup Braindesk

  • Covetrus focuses on implementing Covetrus Pulse that unifies all applications that veterinary practices rely on into a single, secure, and easy-to-use cloud platform, resulting in improved business operations, animal health, and client experiences. 
  • Covetrus focuses on upgrading its practice management software, AVImark, and eVetPractice, including built-in integration with the Covetrus Prescription Management Platform, allowing veterinary teams to save time, empower compliance, and run more efficient and successful practices by having access to digital scripts through these central operating systems. 
  • Covetrus focuses on providing offers in financing and rebate programs and acts as a distributive partner for companies. Through the e-commerce platform, Covetrus helps companies replenish items and ensures items are in-stock on practice shelves.  
  • Covetrus focuses on integrating management software to provide veterinary clients and customers with a fully integrated online booking experience and website development scheduling. 
  • Covetrus intends to provide customers with new tools to help build stronger relationships with Animal Owner clients by offering enhanced business & healthcare outcomes by acquiring VCP.

Funding Alert

Chinas Fosun Pharma invests USD 158 Mn for a 60% Stake in Singapore Cancer Treatment Centres  
The investment will contribute to the expansion of Fosun Pharma’s medical services business in Southeast Asia and strengthen its cancer treatment services overall. Read More>>

Startup Spotlight

Company – BeatO
Total Funding USD 12.15 Mn
About: BeatO is a developer of a health monitoring application that helps diabetic patients to track their glucose levels. The company’s application provides a full-stack diabetes management program that allows users to manage exercising, diet, medicine intake, and diagnosis and connects the users with doctors and diabetes educators for instant real-time guidance. Read More>>

Latest Reports Published in Draup

Navvis & Company, LLC – Account Intelligence Report 
Navvis & Company provides counsel to health systems, hospitals, and physician groups on the development of innovative, market-linked strategies to build future-ready health systems, cultivate tomorrow’s leaders and strengthen strategic performance. Read More>>
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