Varian-Icon Group partnership to deliver Advanced Patient-centric Solutions as part of Digital Healthcare.

Key Insights and Signals – Hospital & Healthcare

Centre Setup and Expansion
Christiana Care to open paediatric center this fall
With fourteen beds, the new center would combine short-stay inpatient and non-scheduled emergency care and staffed around-the-clock with Christiana Care staff. Read More>>
Ascension Seton opens a new health center in Austin
Totalling 101,000 square feet, the freestanding Ascension Seton health center provides personalized care for cardiovascular, spine, and scoliosis and out-patient X-ray imaging services. Read More>>
Essentia Health-Cloquet Clinic and urgent care to open in May
With 12 exam rooms, one procedure room, and one telehealth room, the clinic will span 7,600 square feet and offer urgent care. Read More>>
Banner Health breaks ground on USD 54 Mn sports medicine center in Scottsdale
The three-story, 80,000-square-foot facility will provide numerous services and specialists for athletes at one location. Read More>>
Merger and Acquisition
Island Health acquires private surgical centers in View Royal
The province is putting USD 11.5 Mn toward acquiring the two centers, which will allow for the facilities to scale surgical services to meet local needs. Read More>>
Fulgent Genetics acquires Inform Diagnostics
Inform Diagnostics provides subspecialty pathologist-to-physician interaction with patient diagnoses in gastrointestinal pathology, dermatopathology, hematopathology, neuropathology, and more. Read More>>
HCA Healthcare plans to acquire local urgent care center chain BetterMed
The Healthcare is planning an expansion to its Richmond-area operations through the acquisition of BetterMed. The hospital system has a deal pending to acquire BetterMed. Read More>>
Baptist Health South Florida to acquire ZAP-X gyroscopic radiosurgery platform
The ZAP-X will be used by Miami Neuroscience Institute, in collaboration with Miami Cancer Institute -both part of Baptist Health South Florida- to diagnose and treat brain disorders and tumors. Read More>>
Optum ties up with IIIT-H to set up a studio for startups
The studio will identify innovative ideas and startups that can help accelerate developing solutions in the healthcare sector. It will also help the startups in fast-tracking their pilots. Read More>>
Ballad Health, ETSU form new economic, healthcare alliance
The alliance aims to bring the expertise and energy of multiple programs already existing in the Appalachian Highlands together, such as the strive program and Rugged Buc Lab, and national programs. Read More>>
SSM Health and Saint Louis University to form an integrated healthcare network
The agreement, once finalized, will make SLUCare and its six hundred faculty and medical professionals a dedicated physician division within SSM Health and a partner to its six hundred community-based providers. Read More>>
Executive Movement
Kirsten Provence joins Kaiser Permanente as NSS Executive Director
In her new role, Provence leads the team responsible for security programs, including Prevention of Workplace Violence and Threat Management, Investigations, Loss Prevention, and Security Awareness and Training. Read More>>
Sidney Kimmel Cancer Centre, Jefferson Health names director
Andrew Chapman has been named director of Sidney Kimmel Cancer Centre. Chapman, who also will serve as executive VP of oncology services, had served as the center’s interim director for the past year. Read More>>

Key Insights and Signals in Medical Devices

Center setup
Cardinal Health announces a new GCC in Bengaluru
The center is positioned as a global hub for IT, augmented intelligence, software engineering, and business process management, building upon internal capabilities to support Cardinal Health’s growth through technology enablement. Read More>>
GE Healthcare, Medtronic team up to bring new services to ASCs
GE Healthcare brings to the table consultative planning, a comprehensive suite of equipment, and digital solutions. Medtronic will provide reimbursement support, remote solutions, and customer experiences. Read More>>
Varian partners with Icon Group to advance patient-centric solutions
Through this agreement, Icon will participate in clinical and technical research programs, product evaluation projects, and clinical consultations with Varian to offer Icon’s clinical expertise and industry perspectives throughout product development. Read More>>
Executive Movement  
Genting Singapore appoints Tan Hee Teck as CEO
Tan will be responsible for executing the board’s approved strategies, managing and developing Genting Singapore’s business, and providing leadership to the management team. Read More>>
Globus Medical CEO Dave Demski steps down
Dave Demski, who served as CEO the last four and a half years at Globus, has resigned. Dave has been with the company for over 20 years and has held a variety of positions during his term. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup
AstraZeneca plans a new R&D center in Massachusetts
The new site will be a strategic R&D center for AstraZeneca, as well as Alexion’s new corporate headquarters. The site will bring together approximately 1,500 R&D, commercial and corporate colleagues into a single purpose-built space. Read More>>
Incyte outlines campus expansion plans
The pharmaceutical company unveiled plans on a fourth building that would house up to 1,200 employees. Plans filed with the Office of State Planning Coordination show a five-story office and a lab building. Read More>>
Caris Life Sciences opens new USD 45 Mn testing lab in Arizona
The lab enables the company to further develop and launch its blood-based cancer test called Caris Assure. Caris has been actively building labs in Arizona, with this project marking its third in the state. Read More>>
Opiant Pharmaceuticals, Hikma announced USD 225 Mn licensing agreement
According to the agreement, Opiant is responsible for the development and filling of OPNT003 and will supply finished commercial products for the EU and UK markets. Read More>>
AstraZeneca, National Institute of Pulmonology, sign strategic coop deal
Under the professional partnership, the parties will work closely together in basic and translational clinical research related to obstructive pulmonary diseases and lung cancer. Read More>>
Mergers and Acquisition
Abu Dhabi Sovereign Fund to buy into Intas Pharma
The company is set to acquire about 3% in Intas Pharmaceuticals for USD 250-270 Mn at a valuation of USD 8.5 Mn. It will buy the 3% stake from existing investor Temasek Holdings, which currently holds about 10% in the Indian drug manufacturer. Read More>>
Biotech firm ReViral acquired by Pfizer in USD 412 Mn deal
The deal includes an upfront payment as well as amounts at significant milestones in ReViral’s work to develop antiviral therapeutics that targets a common disease affecting the lungs and breathing passages. Read More>>
Sanofi and McLaren Racing aim to maximise performance and operational excellence
McLaren Racing will combine its digital and analytical expertise with a data-driven approach to further Sanofi’s capabilities by helping to anticipate and resolve issues ahead of time. Read More>>
Biohaven migraine drug partnered with Pfizer, lands twin European approvals
The European Commission approved Biohaven Pharmaceuticals migraine drug Rimegepant. While the regulatory decision marks another milestone for Biohaven, it’s also a win for Pfizer, which holds rights to commercialize the drug outside of the U.S. Read More>>
Executive Movements
Syneos Health appoints new CEO, Michelle Keefe
Michelle Keefe succeeds the retiring Alistair Macdonald. Keefe was appointed to the CEO role after serving as President, medical affairs, and commercial solutions. Read More>>
Moderna lands Merck’s Garay as commercial chief
Moderna has wooed the 16-year Merck veteran to join as Chief Commercial Officer. As part of her new role, she will serve on Moderna’s executive committee and report to CEO Stphane Bancel. Read More>>
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Latest Industry Insights from Draup Braindesk

Parkland Health & Hospital System Account Intelligence Report: 

Health Equity: Decreasing health disparities by providing equitable access to healthcare services and partnering with social communities. 
Digital Health Solutions: Advancing health systems and improving access to care through digital technologies. 
Staff and Provider Engagement: Fostering a culture that embodies values, making Parkland a place where people thrive and succeed. 
Teaching, Research, and Innovation: Committing to high-quality training, research, and a culture of innovation for the benefit of the trainees and the patients we serve. 
Integrated Healthcare Model: Pursuing higher levels of integration to provide the right care for patients  
Taxpayer Investment: Pursuing efficient business and clinical practices and developing innovative approaches to address the high cost of care.

Funding Alert

Biofourmis is digital health’s latest unicorn after raising USD 300 Mn 
The Series D will be used to fund clinical trials of its DTx candidates, scale up its virtual care business and potentially fund M&A deals.  The new funding round takes the total raised by Biofourmis to USD 445 Mn and was led by private equity firm General Atlantic, with support from existing investors. Read More>>

Startup Spotlight

Company – Overjet
Total Funding USD 77.35 Mn
About: Overjet is a software company that develops a platform designed to reduce costs and improve the quality of dental care. It uses artificial intelligence and analyzes dental data to determine what treatments are necessary for the patient, enabling patients to get improved dental care. Read More>>

Latest Reports Published in Draup

The Doctors Company Account Intelligence Report 
The Doctors Company digitalized its overall healthcare by integrating emerging technologies and creating electronic health records (EHRs), apps, and sensors through them. Read More>>
Ascension Account Intelligence Report  
Ascension Healthcare aims to develop intelligent technologies in clinics and treatment centers that reduce the death ratio and ensure the safety of patients. Read More>>
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