Listen Now!

Business Talk 24-7

Investment Capital, Hospice, and Legal Trends in Healthcare

Health Connect South

Jack Draughon and Matt Brohm join CW Hall on Health Connect South Radio

Investment Capital, Hospice, and Legal Trends in Healthcare

Over the course of the show we have often heard our guests expressing the fact that access to investment capital is one of their biggest needs. On our previous episode we talked with Tif Walker from Georgia Center for Medical Innovation about the fact that in spite of having a rapidly-growing technology ecosystem full of promising technology solutions led by excellent leadership, Atlanta lags behind the traditionally-recognized centers for investment resources.

On this week’s show we hosted Jack Draughon and Matt Brohm to talk about investment capital, hospice, and legal trends in healthcare. Jack’s early years in his career were spent in investment banking, private equity, and mergers/acquisitions in the healthcare arena. After spending several years in the investment world and overseeing a larger merger with a hospice company, he began to become interested in forming a hospice care company that would both provide a high level of care and compassion, as well as have sound leadership and marketing strategy and resources.

He co-founded the hospice company Halcyon, which he and his colleagues were able to see fulfill its potential, ultimately selling the company recently in a successful merger.  Jack shared his personal story of how he had experienced hospice care as the parent of his daughter who was found to have a congenital disorder incompatible with life upon birth.  This experience, coupled with working on the hospice merger in his work combined to inspire him to focus his career on this important healthcare specialty.

Matt Brohm, an attorney with Arnall, Golden, & Gregory, talked about trends in healthcare and explained how recent changes in the law have created a trend toward consolidation between hospitals and systems.  Many physician practices are also being purchased and becoming part of hospital groups.  Matt and his colleagues in the healthcare practice for AGG provide expertise and guidance to navigate these often complicated transactions.

Additionally, Matt shared how compliance with new laws and regulations mean that having access to legal experts who are fully versed in these matters can save their clients a great deal of risk and cost associated with making missteps in the process.

Special Guests:

Jack Draughon, Co-Founder of Halcyon Hospice  facebook_logo_small3  twitter_logo_small  feed-logo  linkedin_small1

Halcyon Hospice

  • BBA, Economics, University of Georgia Terry College of Business
  • Previous Director, Arcapita Inc

Matt Brohm, Attorney, Arnall, Golden, Gregory  twitter_logo_small  linkedin_small1  feed-logo

Arnall Golden Gregory

  • Doctor of Law, Syracuse University College of Law
  • BBA Business, University of Georgia

Global Center for Medical Innovation and T3 Labs

T3 Labs

Andrew Stevenson and Tif Wilson talk healthcare tech innovation

 

Global Center for Medical Innovation and T3 Labs

This week we hosted experts from the Global Center for Medical Innovation (GCMI) and T3 Labs.  These two non-profit organizations are dedicated to providing an ecosystem and an environment that start-up healthcare technology companies can use to develop prototypes for new devices, as well as early stage production for them as they build toward commercialization.

Executive Director for GCMI, Tif Wilson, and Executive Director for T3 Labs, Andrew Stevenson, came by to talk about how their organizations are working to expand and improve the ecosystem for emerging healthcare technology cmopanies.

The Global Center for Medical Innovation (GCMI) is the Southeast’s first and only comprehensive medical device innovation center, dedicated to accelerating development, building businesses and improving health. GCMI opened its doors in April 2012 and to date has worked with over 40 different startups, clinician innovators, university tech transfer offices and academic researchers to design, engineer, prototype, and facilitate commercialization of a broad range of innovative medical devices.

GCMI’s core team of designers and engineers collaborate closely with startups, clinicians, researchers, new product development teams and medtech entrepreneurs to accelerate time to market while reducing costs. The independent, 501(c)(3) non-profit organization has a robust and ever-growing network of experts, including intellectual property, regulatory, quality systems and investors, to help bring ideas from concept to market. In addition, through a close collaboration with our development partner, T3 Labs, medical device entrepreneurs and new product development teams have all of the critical resources they need to efficiently bring new products from an idea through GLP preclinical studies, all in Midtown Atlanta.

With 15 years of experience, T3’s mission remains – to provide high-value pre-clinical GLP (Good Lab Practices) compliant testing and training services to medical device, biologics, and pharmaceutical developers and manufacturers. We work with industry and academic sponsors to improve patient care by more effectively and efficiently developing and commercializing their devices and products. Contact them at (404) 251-0600.

T3 Labs is an independently-operated, privately-held, AAALAC accredited, GLP-compliant non-profit 501(c)(3) organization. In 2012, T3 became a wholly-owned subsidiary of a joint-operating company formed by Saint Joseph’s Health System and Emory Healthcare. Emory is recognized internationally as a leading academic medical center. By serving our industry and academic collaborators, T3 Labs is committed to supporting Emory/Saint Joseph’s tripartite mission: enabling discovery and innovation – via Testing; facilitating healthcare provider education – via Training; and enhancing patient-care – via medical product Translation.

Special Guests:

Tif Wilson, Executive Director of Global Center for Medical Innovation twitter_logo_small  linkedin_small1  

Global Center for Medical Innovation

  • MBA, Management & Strategy, Georgetown University, McDonough School of Business
  • Previous VP, Business Development & Strategy, ACell, Inc
  • 2012 HBA Women in Healthcare Leadership Award Nominee

Andrew Stevenson, Executive Director of T3 Labs 

T3 Labs

  • MBA, International Business, University of Delaware, Lerner College of Business and Economics
  • Previous Research Scientist, University of Pennsylvania, Departments of Pharmacology & Radiology
  • Former Senior Scientist, Bristol-Meyers, Squibb
  • Previous Project Leader/Director, Abbott