Capital Finance
The California Institute of Regenerative Medicine has awarded Tracy C. Grikscheit, MD, of The Saban Research Institute of Children's Hospital Los Angeles a $7.1 million grant to develop a cellular therapy for the treatment of digestive system nerve disorders, the hospital announced in a statement. The grant was awarded through CIRM's Translational Research Program.
The healthcare sector represented the largest share of initial public offerings by deal count in 2015, says a report released Tuesday by Proskauer's Capital Markets Group.
MIT Sloan Professor Andrew Lo, Dana-Farber Cancer Institute's David Weinstock, and MIT post-doctoral fellow Vahid Montazerhodjat have identified this as a time when breakthrough therapies for certain types of cancers, hepatitis C, and rare diseases exist but remain out of reach for many patients, due primarily to the prohibitive cost.
Community Health Systems net operating revenue for 2015 jumped by more than 4 percent to $19.4 billion, an $800,000 million increase over the same period in 2014 when that year's net operating revenue totaled $18.6 billion, according to CHS's financial statement released on Feb. 15.
Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries reported a $1.2 billion decrease in profit year over year, according to their 2015 annual and fourth quarter financial results.
The Greater New York Hospital Association is pitching a $2.5 billion plan they say will ensure the financially distressed safety net hospitals throughout the state survive by paying the larger healthcare providers to integrate them into their own systems.
The project, announced on Sunday, will tack on 54,000 square feet to the current 119,000 square-foot structure and will encompass a new outpatient center on the first floor, a surgery suite on the second floor and private inpatient rooms on the third.
The Pardee Hospital Foundation has received $200,000 from the James H. Cummings Foundation and $150,000 from the Cannon Foundation to support ongoing renovations to the North Carolina hospital's operating rooms, part of the facility's Comprehensive Cancer Center Capital Campaign.
Biopharmaceutical company Emmaus Life Sciences has raised approximately $1.7 million in gross proceeds from the sale of common shares to Korea Bio Medical Science Institute as part of a collaboration agreement between the two companies.
Franciscan St. Elizabeth Health - Crawfordsville in Indiana has been waiting a long time for a new emergency room, and thanks to a $15 million investment from the Franciscan Alliance -- a group that owns 14 hospitals in the area -- it will finally get one.