Summit Health

Walgreens Boots Alliance Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, January 4, 2024

On a pro forma basis, the segment's businesses grew sales at a combined rate of 12 percent in the quarter, led by VillageMD and Shields.

Key Points: 
  • On a pro forma basis, the segment's businesses grew sales at a combined rate of 12 percent in the quarter, led by VillageMD and Shields.
  • Adjusted operating loss, which excludes certain costs related to stock compensation expense and amortization of acquired intangible assets, was $96 million compared to $152 million in the year-ago quarter.
  • Adjusted EBITDA loss of $39 million improved by $84 million versus the prior year quarter reflecting growth across all businesses and cost discipline.
  • WBA will hold a conference call to discuss the first quarter results beginning at 8:30 a.m. Eastern time today, January 4, 2024.

BrainCheck Expands First End-to-End Solution for Cognitive Care

Retrieved on: 
Tuesday, October 24, 2023

AUSTIN, Texas, Oct. 24, 2023 /PRNewswire/ -- BrainCheck, Inc. launched the next generation of its comprehensive platform and unveiled its latest innovation, BrainCheck® Screen™, at the Clinical Trials on Alzheimer's Disease (CTAD) conference in Boston, Massachusetts from October 24-27, ahead of National Alzheimer's Awareness Month. New research supporting BrainCheck's comprehensive digital cognitive assessment tool will also be presented at the meeting.

Key Points: 
  • "More than six million Americans have Alzheimer's disease (AD), the most common type of dementia, but unfortunately many remain undiagnosed,i" said Kim Rodriguez, CEO of BrainCheck.
  • "Early diagnosis will help close this gap, and our platform empowers providers to easily access information on patients' cognitive health by offering a unique solution that includes screening, assessment, care planning, and monitoring.
  • The latest version brings cognitive care to the next level, expanding access to our technology from any device or location, in-clinic or remote.
  • The next generation of the BrainCheck platform allows digital cognitive testing on any internet-connected device – including phones, tablets and browsers – regardless of the patient or clinician's location.

VillageMD Announces New Leadership Appointments for Three Services Lines – Summit Health, CityMD and Village Medical

Retrieved on: 
Wednesday, October 18, 2023

VillageMD announced today three new presidents to lead the three patient-facing services lines of Summit Health, CityMD and Village Medical:

Key Points: 
  • VillageMD announced today three new presidents to lead the three patient-facing services lines of Summit Health, CityMD and Village Medical:
    Rishi Sikka, M.D., will join the organization as president of Village Medical.
  • As president, Dr. Sikka will be responsible for the clinical outcomes of Village Medical, a leading provider of comprehensive and coordinated primary care services.
  • Dr. Sikka has more than 20 years of leadership experience in health systems, value-based care, and digital health.
  • Prior to VillageMD, Dr. Sikka served as president of system enterprises for Sutter Health, managing the responsibilities for ambulatory, population health, non-clinical and health plan businesses.

Promaxo Announces Sale of 20 Systems in the Third Quarter 2023

Retrieved on: 
Monday, October 2, 2023

OAKLAND, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Promaxo, Inc. (“Promaxo” or the “Company”), a medical imaging, robotics, and AI technology company, today announced the sale of 20 systems in the third quarter ending September 30, 2023.

Key Points: 
  • OAKLAND, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Promaxo, Inc. (“Promaxo” or the “Company”), a medical imaging, robotics, and AI technology company, today announced the sale of 20 systems in the third quarter ending September 30, 2023.
  • Promaxo has sold a total of 52 systems through the first nine months of 2023, compared to 13 systems during the same prior year period.
  • The Company has sold a total of 77 systems across 26 states since its commercial launch in the fourth quarter of 2021.
  • “We are happy to announce another quarter of great execution,” said Dr. Amit Vohra, Founder and CEO of Promaxo.

Advent International and Warburg Pincus Complete Acquisition of Baxter’s BioPharma Solutions Business

Retrieved on: 
Monday, October 2, 2023

Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor, today announced the completion of their previously announced acquisition of Baxter International Inc.’s (NYSE:BAX) BioPharma Solutions (BPS) business.

Key Points: 
  • Advent International (“Advent”), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor, today announced the completion of their previously announced acquisition of Baxter International Inc.’s (NYSE:BAX) BioPharma Solutions (BPS) business.
  • Under the terms of the definitive agreement, Baxter received $4.25 billion in cash, subject to certain closing adjustments.
  • In partnership with Advent and Warburg Pincus, Simtra will become a fully independent, end-to-end CDMO providing a range of services for clients, from clinical development to commercial fill/finish.
  • “I look forward to collaborating with Advent and Warburg Pincus – two highly experienced investors within the healthcare space – to continue to grow Simtra’s mission-critical services across a variety of therapeutic areas.

Lankford Wade Appointed Chief Executive Officer of UpStream

Retrieved on: 
Wednesday, September 13, 2023

GREENSBORO N.C., Sept. 13, 2023 /PRNewswire/ -- UpStream proudly announces the appointment of J. Lankford Wade as its Chief Executive Officer, effective September 11th, 2023.

Key Points: 
  • GREENSBORO N.C., Sept. 13, 2023 /PRNewswire/ -- UpStream proudly announces the appointment of J. Lankford Wade as its Chief Executive Officer, effective September 11th, 2023.
  • A seasoned healthcare leader, Wade comes to UpStream from Summit Health/CityMD, a leading provider of primary, specialty, and urgent care, as their Chief Financial Officer.
  • Fergus Hoban, Founder of UpStream, welcomed the new CEO, "We are excited to have Lankford join us as CEO.
  • "We are delighted to welcome Lankford Wade to the UpStream family," added Fergus.

Key Benefit Administrators Partners with Tennova Healthcare and UT Medical Center to Provide Direct-to-Employer Health Plans for East Tennessee Employers

Retrieved on: 
Tuesday, August 29, 2023

Employers and their employees in the greater Knoxville area now have a new health plan option provided through the East Tennessee Health Plan.

Key Points: 
  • Employers and their employees in the greater Knoxville area now have a new health plan option provided through the East Tennessee Health Plan.
  • The East Tennessee Health Plan provides employees access to quality comprehensive medical care while improving healthcare costs for employers.
  • The East Tennessee Health Plan option is a strategic initiative by respected provider organizations, including The University of Tennessee Medical Center (UTMC), Tennova Healthcare and Summit Medical Group working with population health management programs administered through the American Health Data Institute (AHDI).
  • “These strategies embedded into the East Tennessee Health Plan are creative, patented and proven to lower healthcare costs for employers while improving the health of employees.

Advent International and Warburg Pincus Name Franco Negron CEO of BioPharma Solutions Following its Proposed Divestiture from Baxter

Retrieved on: 
Thursday, August 24, 2023

BOSTON and NEW YORK, Aug. 24, 2023 /PRNewswire/ -- Advent International ("Advent"), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor, today announced they have selected Franco Negron to be chief executive officer (CEO) of BioPharma Solutions (BPS) following its proposed divestiture from Baxter International Inc. (NYSE:BAX).

Key Points: 
  • BOSTON and NEW YORK, Aug. 24, 2023 /PRNewswire/ -- Advent International ("Advent"), one of the largest and most experienced global private equity investors, and Warburg Pincus, a leading global growth investor, today announced they have selected Franco Negron to be chief executive officer (CEO) of BioPharma Solutions (BPS) following its proposed divestiture from Baxter International Inc. (NYSE:BAX).
  • Mr. Negron is a highly accomplished leader with nearly 30 years of experience in the pharmaceutical industry.
  • Most recently, he served for three years as the CEO of ApiJect Systems America.
  • Mr. Negron has also held senior positions at other leading pharmaceutical companies, including Valeant Pharmaceuticals, Novartis and McNeil Consumer Healthcare.

Sleep Medicine Expert Dr. Marc Benton Joins BetterNight as Staff Doctor to Expand Footprint in New Jersey

Retrieved on: 
Tuesday, August 8, 2023

Dr. Marc Benton is an esteemed medical professional recognized as a Top Doctor by New Jersey Magazine and Castle-Connolly every year since 2001.

Key Points: 
  • Dr. Marc Benton is an esteemed medical professional recognized as a Top Doctor by New Jersey Magazine and Castle-Connolly every year since 2001.
  • Dr. Benton is also a fellow of the American Academy of Sleep Medicine and a member of the American Thoracic Society.
  • As a Staff Doctor with BetterNight, Dr. Benton will play a key role in expanding BetterNight's footprint in New Jersey, "I am excited to join BetterNight and help them make a positive impact on the sleep health of New Jersey residents," said Dr. Benton.
  • "We are thrilled to have Dr. Benton join our team as a Staff Doctor," said David French, CEO of BetterNight.

Summit Health Opens Multispecialty Hub in Garden City, NY

Retrieved on: 
Tuesday, August 8, 2023

Summit Health , a leading provider of primary and specialty care, today announced the grand opening of a new 30,000 square-foot multispecialty health care hub in Garden City, NY.

Key Points: 
  • Summit Health , a leading provider of primary and specialty care, today announced the grand opening of a new 30,000 square-foot multispecialty health care hub in Garden City, NY.
  • This is Summit Health’s first major imaging hub in Long Island, and an entire floor has been dedicated to orthopedics.
  • An integrated patient portal allows providers at CityMD and Summit Health to communicate easily with each other and conveniently access patient health information.
  • For more information on the services and providers located at the Summit Health Garden City hub, visit https://www.summithealth.com/locations/garden-city-hub-901-franklin-ave .