Mortgage Blog
Behind the deal: Why a Tennessee health company bought a Pikesville startup
A Pikesville startup plans to maintain a local presence after being acquired by a Tennessee consumer health company.
BurnAlong CEO Daniel Freedman said the startup has re-signed its lease for a 50-person office in Pikesville and will remain in the area even after being acquired by Tivity Health on Jan. 31. Terms of the deal were not disclosed.
“We're just going to get [Tivity Health CEO Richard Ashworth] to come visit more often,” Freedman said.
BurnAlong's network of over 5,000 local fitness…
Tower Health bond rating downgraded by S&P over ‘significant ongoing’ losses
In fiscal 2022, the health system said it cut its operating loss by 20% to $195 million, down from a loss of $243.5 million the previous year.
Inhibikase Therapeutics raises $10M as disease treatments show success
Atlanta-based pharmaceutical company Inhibikase Therapeutics Inc. (Nasdaq: IKT) has raised $10 million for development of treatments for Parkinson’s Disease and chronic myelogenous leukemia.
The investment included a $4.2 million in a private investment in public equity (PIPE) deal from New York-based Armistice Capital and $5.2 million from a confidentially marketed registered direct offering, said president and CEO Milton Werner. The remaining funds came from banking fees and commissions.
Funds…
Chapel Hill medtech laying off 48 workers as sell off looms
A medical device company in Chapel Hill is laying off most of its staff after it failed to find a buyer.
Power 100 2023 Hospital heads: Reginald Coopwood, Chris Cosby, Jason Little, Michael Ugwueke, Michael Wiggins
Here are the profiles of the Power 100 hospital leaders, who oversee big, bustling health care systems with numerous facilities, huge workforces, and billion-dollar budgets, and the stakes are life and death.
Suncoast Credit Union to expand to Orlando market, open 3 locations
The largest credit union in the state will enter Central Florida with three new service centers in Orlando and Kissimmee later this year.
Fiserv spent $1B on acquisitions in 2022, bought two new firms in fourth quarter
Global payments and financial technology firm Fiserv Inc. invested $1 billion in acquisitions in 2022 and bought two new companies at the end of last year, the company said Tuesday.
HarborOne names Dan Hagerty as RI commercial lending VP
Hagerty comes to HarborOne from Citizens Bank.
CVS: Oak Street Health to have 300 US clinics by 2026
Oak Street — founded 10 years ago in Chicago — currently has Rhode Island clinics in Providence, Warwick and Woonsocket.
CVS: $10.6B deal will ‘super-charge’ its place in primary care market
The Rhode Island-based CVS confirmed today it will acquire Oak Street in an all-cash deal at $39 per share, thereby gaining 191 medical clinics in 21 states, a network of 600 providers and 159,000 at-risk patients, and a technology platform.