News Corp Settles Class Action

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News Corp has announced the settlement of a class action lawsuit alleging various antitrust claims arising out of past operations at its News America Marketing division.

 

The case, which involved claims that the firm monopolized the market for in-store promotions at more than 50,000 retail stores across the United States, was resolved following a lengthy lawsuit worth around $2 billion. The company made the following statement following the settlement:   

 

“News America Marketing has consistently denied any wrongdoing in this case, which involves allegations relating to historical conduct reaching back as far as 1997. We are pleased to have concluded this settlement, which allows us to avoid the expense and uncertainty of further litigating this matter. While we had full confidence in our case, we believe this decision is in the best interests of our company and stockholders.”   

 

Under the terms of the settlement with the plaintiffs, who consist of consumer packaged goods companies including Dial Corp and Kraft Heinz Co, the company will pay approximately $250 million, and the pending litigation will be dismissed, subject to court approval. Additionally the company will pay approximately $30 million to resolve related claims.   

 

This is considerably less than the $674.6 million the plaintiffs had originally sought, which had the potential to be tripled to more than $2 billion under federal antitrust law, making the settlement a strong coup for News Corp. As part of the settlement the firm has agreed not to enter into exclusive contracts with retailers which last over 2-1/2 years unless retailers make a written application for contracts lasting longer than this period.

 

The case was first brought in December 2012, prior to the separation of News Corporation from 21st Century Fox in 2013. The trial began on the 29th February in the U.S. District Court for the Southern District of New York.      

 

News Corp is a global, diversified media and information services company focused on creating and distributing content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, cable network programming in Australia, and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom.

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Fountain Quail Secures Private Equity

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Fountain Quail Water Management, LLC (“Fountain Quail”) has announced that it has secured a private equity commitment of up to $40 million to expand its North American operations.

 

Established in 1996, Fountain Quail specializes in treating and recycling produced and flowback water generated in oil and gas plays. Fountain Quail’s two proprietary systems, ROVER™ and NOMAD™, cut oil and gas producers’ water-specific operating costs by effectively eliminating the need to transport and dispose of wastewater and source and transport freshwater. Cost savings vary depending on location and range from at least 30 percent to 80%. Use of the ROVER™ and NOMAD™ systems also reduces greenhouse gas emissions by removing truck traffic from congested roadways.

 

The ROVER™ is a mobile unit designed to create clean saltwater for reuse during hydraulic fracturing. ROVER™ technology removes suspended solids and polymers and can easily be configured for hardness reduction and the selective removal of specific elements for effective saltwater reuse. The ROVER™ was designed for high capacity treatment to generate clean brine at the lowest possible price. Each ROVER™ system is capable of recycling 10,000 barrels of clean brine per day.

 

The patented NOMAD™ is the only system with more than a decade of continuous duty in generating freshwater. NOMAD™ technology employs the most energy-efficient thermal evaporator available in the market. The skid-mounted system was designed by Fountain Quail engineers to be modular, rugged and easy to clean and service. Each NOMAD™ system is capable of generating 2,000 barrels of distilled, surface discharge quality freshwater per day.

 

Water management is a top-tier issue for most oil and gas producers. Across all U.S. shale plays, an average of 12 barrels of water is produced for every barrel of oil. In 2015, approximately 66 million barrels of water per day (BPD) flowed out of onshore U.S. oil and gas wells. By 2020, produced water volumes are expected to rise to 92 million BPD.1 Industry experts estimate that 2015 oilfield water management costs in the U.S. exceeded $37 billion.2

 

In alignment with advances in drilling and completion techniques that increase producers’ water needs, Fountain Quail developed the ROVER™ system to efficiently recycle wastewater into clean brine for reuse during hydraulic fracturing. Fountain Quail’s NOMAD™ system converts wastewater into surface discharge quality freshwater, representing an environmentally favorable alternative to wastewater disposal in evaporation pits or injection wells as well as a cost-effective source of freshwater for hydraulic fracturing. Fountain Quail has deployed its ROVER™ and NOMAD™ systems for leading producers in major shale plays across North America including the Marcellus, Utica, Barnett, Eagle Ford and the Permian Basin.

 

“The current commodities price environment means that oil and gas producers are scrutinizing every facet of their operations and looking at ways to cut operating expenses,” said Fountain Quail Chief Operating Officer Brent Halldorson. “Our systems are not only battle-tested in the oilfield and proven as reliable, they also offer significant savings of at least 30 percent and in many cases much more, depending on location. This financing is a significant milestone for our company and will enable us to deploy additional ROVER™ and NOMAD™ units along with other oilfield water management services. We are excited to work with our equity provider to capture the exciting growth opportunities that surround the oilfield wastewater recycling space.”

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Best of the Best Risk Advisors: Texas

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Actuarial Risk Management works with many Top 30 accounting firms, including BDO USA, LLP and members of the global BDO network.We spoke to Cory Zass, Founder, Principal and Senior Consulting Actuary, of Actuarial Risk Management about how his innovative business model is designed to deliver the enterprise-wide solutions that organizations are continuing to seek.

 

The 2006 formation of Actuarial Risk Management (ARM), and its newest division, ARM Risk Solutions, fills a void for advice dedicated to the large middle market. Regardless of sector, many larger consultancies simply navigate towards the larger entities and look to have junior staff do the work.  However, we leverage our collaborative business model to bring senior expertise available to middle market companies or through professional vendors.  With our platform, we accommodate a range of middle market sized projects using an advisory price point lower than the larger firms. Our advisory roster span is wide and deep with our average actuary and risk advisor having 25 years of relevant experience and current thinking. Our collective experience results from times in both industry and larger consultancies, also benefiting from the academia and regulatory worlds.

 

There are recent studies indicating that over 60% of entities have never inventoried their risk exposures (including pensions) and a large number even then only focused on the risks transferable to the commercial insurance market.  The middle market reality of these statistics is worse and with worse outcomes as a result. Our customers span many industries yet not limited to a geographical footprint, each desiring a fresh view of their risk profile and the opportunities it holds.

 

Our approach is simple – listen, observe, design, refine, monitor. At the option of our customers, we can stay to assist in the implementation or training of staff. Our philosophy does not subscribe to typical ‘risk silo’ mindsets held by most consultancies – we look for synergies and solutions beyond the property, liability, people (like pensions), and financial stability boundaries.

 

Our industry centric advisory teams have a wealth of practical experience. From an operational and economic standpoint, our bespoke designs correct a misalignment of our customer’s priorities, risk culture, and risk appetite. From our perspective, risk taking is an opportunity too, which requires a risk plan that is understandable, cost effective, sustainable, and positively impacts their operations.

 

We are not sceptics or pessimists, but we feel compelled to inform our customers of the risks of making uneducated “bets” or simply betting on the average or “doing nothing”. We commit to an honest perspective of their situation then identify cost effective “good tasting medicine” even though this more than likely departs from the tact of some current advisors. We ask tough questions beyond “what keeps you awake at night” then properly gauge the size and likelihood of risk exposures and recommend alternative solutions, if warranted. These solutions range from simple to creative to complex.

 

Corporate benefit plan sponsors are at a crossroads of balancing equity volatility, low interest rate norms, and rapidly growing aging workforce. From the sponsor’s position, defined benefit pension promises can no longer be viewed from the rear-view mirror. Taking full control of pension risks – encompassing the likes of longevity and investment risks – requires a unique perspective missing from current strategies.

 

Our experience indicates that many plan sponsor incumbents present some limited form of a generic elixir as the sole answer to managing their pension risks when current market conditions offer more options. Our insight will balance the company’s economics – short and long term – with positions taken by all plan stakeholders.  Early open communications with C-Suite is critical to determine if they want to be “in the benefits business” (i.e. after inspection of the pros and cons, they may consider divesting the pension plan like an unwanted division or plant).

 

We understand that no one wants to be misled or made promises that were too optimistic. Factually speaking, many retirement promises of eras past inherently were poised to only work a fraction of the time. Recently our expertise is of interest to defined contribution asset managers looking to minimize the longevity risk transferred to the retirees. In other words, we are using actuarial techniques to give a higher degree of confidence that the retirees do not outlive their investments.

 

With market upheaval and worsening debt positions of major governments, pension plan decision makers must gain this hard-to-swallow advice so they can hope to reverse course on the near inevitable collision stemming from the smaller ratio of workers to retirees evolving daily. The good news is that these changes may structurally provide for equivalent, or perhaps even better, benefits for employees without putting additional pressure on the corporate balance sheet.

 

The instability is growing the risk aversive world we live. With our US base, our first priority is the US middle market followed by surgical expansion to other areas of globe. In fact, from our US base we already provide services to some customers across the globe.  Regardless of risk the best management comes when you eliminate the emotions and look both holistically and proactively.   We are committed to our Trusted Risk Advisor role to supply our customers with a value-add perspective on current and emerging risks. 

 

Contact Details

 

Company: Actuarial Risk Management, LTD

 

Name: Corwin (Cory) Zass

 

Email: [email protected]  

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Scripps Networks Interactive Takes Full Ownership of Travel Channel

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Company also announces sale of minority stake in Fox Sports South regional sports networks

Scripps Networks Interactive Inc. has acquired the remaining 35%  interest in Travel Channel Media from Cox Communications Inc, for $99 million in cash, which includes the value of certain tax benefits. The transaction gives Scripps Networks Interactive full ownership of the fully-distributed network in which it originally acquired a controlling interest in 2009.

Separately, Scripps Networks announced the sale of its 7.25% ownership interest in Fox-BRV Southern Sports Holdings LLC, comprising the Sports South and Fox Sports Net South regional television networks, to Fox Southern Holdings, Inc., for $225 million in cash.

“Travel Channel is a key asset that presents a great growth opportunity for Scripps Networks Interactive, and one that delivers an increasingly significant contribution to our business. Full ownership of Travel Channel enables us to take maximum advantage of its continued growth as we build value for our shareholders,” said Kenneth W. Lowe, president, chairman and chief executive officer.

The Fox-BRV Southern Sports Holdings transaction closed on February 24, while the Travel Channel transaction closed today (February 25).

Scripps Networks Interactive initially secured a controlling interest in Travel Channel Media from Cox in 2009. Under the terms of that agreement, Scripps Networks Interactive contributed $181 million in cash to its partnership with Cox, and guaranteed $878 million in third-party debt. The agreement announced today effectively values Travel Channel at $1.1 billion including debt and tax benefits.

Launched in 1987, Travel Channel has evolved to become one of America’s best known cable television networks and today reaches about 89 million U.S. television households. The network–the cornerstone of Travel Channel Media–is a multiplatform travel lifestyle brand with the core mission of providing inspiring and compelling programming that takes viewers beyond their everyday destinations, making the unfamiliar familiar, whether it’s around the world or around the block.

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Best of the Best for Immigration Services: Texas

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Alimohammad & Zafar, PLLC are a full-service law firm dedicated to serving their clients with the utmost respect and professionalism. They offer a wide range of practice areas because they believe that one legal issue frequently touches multiple areas of practice.

What does Alimohammad & Zafar, PLLC do?

We are a law firm that helps companies and individuals with business, real estate, estate planning, and immigration issues. Our immigration law practice can help you with any family-based immigration issue (green card, for example), employment immigration, visas, and I-9 audits.

We also have a business law practice that can assist you with everything from forming a business to handling a business dispute to dissolving a business. Our tax law practice can help you with an audit and any other legal issue you or your business may encounter with the IRS. Family law issues can come up by themselves or during immigration matters. Our family law practice includes divorce, property division, child custody disputes, child support issues, and more.We have an estate planning practice, which includes the preparation of wills, trusts, probate litigation, guardianships, living wills, powers of attorney, and gift planning.

Who are your clients?

Companies and Individuals looking for assistance with business, real estate, estate planning, and immigration assistance.

What makes you unique?

Our law firm differs from others as we respond to all calls within 1 business day, with the end goal of helping our clients not just our bottom line.

What’s your biggest challenge facing you at present?

There are only 24 hours in a day.

What’s the aim for your business?

The main aim for us is to help our clients as best we can.

What’s your company’s biggest challenge?

The perception that a bigger firm means better.

What business/business person do you most admire and why?

Steve Jobs because of his ability to think outside the box.

 

 

Name: Rehan Alimohammad

Company: Alimohammad & Zafar, PLLC

Email: [email protected]

Web Address: www.aandzlegal.com

Address: 77 Sugar Creek Center Blvd. #401,

Sugar Land, Texas 77478

Telephone: 281-340-2074

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RealPage to Acquire NWP Services Corporation

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Expanded RealPage offering will create industry’s leading resident billing and energy management platform. 

RealPage, Inc., a leading provider of on demand software and software-enabled services for the multifamily, single-family and vacation rental housing industries, announced it has agreed to acquire NWP Services Corporation. NWP is a leading provider of cloud-based resident billing, electronic payments, energy management, back office accounting and IT infrastructure solutions.

RealPage offers similar solutions across a portion of its platform and the company plans to integrate NWP functionality with those solutions throughout the remainder of 2016. The combined offering is expected to create the leading resident billing, energy management, and back office services platform in the rental housing industry. The platform will enable property owners and managers to increase the collection of rent, utilities, small balances, vacant unit recovery as well as provide full-service residential and commercial back-office accounting solutions.

Steve Winn, Chairman and CEO of RealPage commented: “We have admired NWP for many years and I am excited to combine forces to offer our clients more functionality and enhanced services. We expect the acquisition will allow us to expand our footprint, and introduce new resident-oriented solutions with greater speed and scale.”

The completion of the acquisition remains subject to certain standard conditions, and is expected to close during March 2016. The acquisition purchase price of approximately $68 million in cash, $70 million less expected cash acquired, is subject to a reduction for outstanding indebtedness and unpaid transaction expenses and subject to working capital adjustments. For the year ended December 31, 2015, revenue for NWP was approximately $58 million with EBITDA of approximately $6 million. The company expects the acquisition to contribute $45 million in revenue and $5 million of EBITDA during 2016. Ron Reed will be named SVP, Resident Billing Services and he and the NWP team will report to William Chaney.

Bryan Hill, CFO and Treasurer of RealPage added: “The acquisition of NWP is a great example of the type of investments we prioritize under our capital allocation strategy. We expect to realize significant synergies once we integrate the best of both platforms, removing redundant technology as well as back-office costs. An important secondary benefit of the acquisition is the addition of approximately 200,000 new rental housing units that provide RealPage with an opportunity to cross-sell our current solutions. With the acquisition of NWP, total units served by one or more RealPage solutions are expected to be 10.8 million.

William Chaney, EVP of Enterprise Solutions stated: “I am excited to welcome the NWP team to RealPage. We have admired their leadership team, culture and innovation for some time. NWP is a great fit for RealPage because it not only significantly expands our footprint, but also allows us to accelerate next-generation product development for certain segments of the high-growth Resident Services product category, which Ron Reed from NWP will lead.”

Ron Reed, CEO of NWP commented: “RealPage is the natural home for NWP. Both leadership teams are extremely aligned on the importance of customer service and innovation. I am excited to lead a talented team to integrate the best of each platform and focus on accelerating our shared vision of creating the industry’s leading resident billing, energy management and back-office services platform.”

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Green Electronics Council Names New CEO

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Green Electronics Council (GEC), the nonprofit that manages the EPEAT green-rating system for electronics, has named Nancy Gillis as its Chief Executive Officer.

Gillis, a former senior executive with Ernst & Young (EY) and the U.S. General Services Administration (GSA), will begin her tenure at GEC on March 1, 2016.

“As GEC nears its 10th anniversary, we’re thrilled to have Nancy lead the organization as we seek to grow our global impact,” said Alan Keith, chair of the GEC Board of Directors. “Her familiarity with our flagship EPEAT program, experience with both public- and private-sector procurement organizations and her proven ability to lead stakeholder-driven organizations makes her a fantastic match.”

Gillis brings more than 20 years of senior leadership and sustainability experience. She joins GEC from EY, the third-largest professional services firm in the world. Gillis served as EY’s Global Lead for Resilient and Responsible Supply Chains. In this role, she worked with global Fortune 100 companies on sustainable sourcing, supplier risk identification and mitigation, and leveraging sustainability to increase competitiveness and foster supplier innovation.

Prior to EY, Gillis was appointed the Director of the Federal Supply Chain office at GSA. Her responsibilities included developing product environmental performance requirements and supplier evaluation criteria for use in federal procurements. She also served as the chair of a cross-governmental working group focused on expanding the use of sustainability standards and certifications in procurements and in helping federal agencies account for the GHG emissions attributable to the federal supplier base. Gillis has held senior positions in organizations such as The Nature Conservancy, SNV and the National Academies of Sciences and has led sustainability programs in Africa, Asia and Central and South America.

“I am excited to bring to GEC my experience and passion in fostering collaboration among diverse interests to further sustainability,” Gillis said. “The global success of EPEAT has been built on cooperation among electronics purchasers, manufacturers and other stakeholder groups. I look forward to expanding GEC’s partnerships and increasing the impact of electronics in building a more healthy and sustainable world.”

Gillis obtained her graduate degree in communications technology from Georgetown University and undergraduate degree in government and politics from George Mason University. She currently resides in Virginia and will be moving to Portland, Oregon. Gillis succeeds Robert Frisbee, GEC’s first CEO, who retired in 2015.

The Green Electronics Council is a non-profit that works with stakeholders around the world to develop a shared vision for more sustainable electronics and the practical tools to realize it. Founded to inspire and catalyze environmental leadership throughout the lifecycle of electronic technologies, GEC supports the production of consensus-based environmental leadership standards; operates EPEAT, the definitive global rating system for greener electronics; and convenes global thought leaders in environmental design, strategy and marketing to envision more sustainable electronics design and delivery methods. These activities work to promote a world in which green electronics is a cornerstone of a healthy and vibrant world.

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Outstanding Hedge Fund Accountanting

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Anchin, Block & Anchin LLP prides itself on providing a wide range of services which are tailored to their client’s needs. We speak to Jeffrey I. Rosenthal who explains how the firm’s approach revolves around building a strong relationship with their clients in order to fully understand their requirements.

 

Founded in 1923 in New York, Anchin, Block & Anchin LLP is recognized as a top-tier firm nationwide in terms of its quality, management, scope of services and work environment. With a staff of approximately 350 and highly specialized industry and service teams, Anchin provides privately-held businesses and high net worth individuals with a wide range of traditional and non-traditional advisory services. Services include accounting and auditing services; tax planning and compliance services; tax credits and incentives; management and succession advisory services; litigation support, forensic accounting and valuation services; and merger and acquisition services.

 

For more than 40 years, Anchin has offered customized accounting, audit, tax and consulting services to our financial industry clientele. They range from small, entrepreneurial startups to established funds. Financial Services is one of Anchin’s largest industry practice groups, with a team of 10 partners and directors and nearly 50 dedicated professionals. Our years of experience, extensive network, and comprehensive institutional knowledge allow us to offer clients perspectives and insights on the direction of their businesses.

 

Working within such a highly competitive industry, we have worked hard to carve out a place for ourselves and like to consider our firm as the alternative to the larger firms. We pride ourselves on offering a customized service executed to meet the unique needs of each client.

 

Our engagement partners are thoroughly familiar with the client´s business, the market environment in which they operate, and the unique features of its industry. By carefully selecting engagement teams to cater specifically to each client´s needs, we can conduct efficient and cost-effective audits, design and implement optimal tax positions, and provide valuable consulting assistance to management.

 

Additionally, our staff retention rates regularly lead the industry, with the past year being no exception. This consistency of staff has yielded organic growth and high client satisfaction.

 

Over recent years we have seen significant growth in the Private Equity sector and have thus expanded Anchin’s Private Equity Practice. Our Firm’s experts and thought leaders in the Private Equity space give us another avenue in which to assist our Financial Services clients. Moving forward we will continue with this growth strategy in order to consistently provide our clients with the best possible service.

 

Contact Details

 

Company: Anchin, Block & Anchin LLP

 

Name: Jeffrey I. Rosenthal

 

Email: [email protected]

 

Web Address: www.anchin.com

 

Address: 1375 Broadway,

 

New York, NY 10018

 

Telephone: (212) 840-3456

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Best of the Best Litigation: Texas

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Based in Houston, Fisher, Boyd, Johnson & Huguenard, LLP provides exceptional representation to clients across the United States in a wide variety of civil litigation matters, including personal injury and wrongful death claims, products liability cases, aviation and maritime litigation, trust and estate litigation, commercial and business litigation, and class actions. We profile Founder Wayne Fisher and explore his work within the litigation sector.

 

Since the firm’s founding in 1966 by Wayne Fisher, the firm’s attorneys have obtained optimal results for our clients through the use of innovative trial strategies and effective advocacy in the courtroom. All of the staff at the firm are staunch believers in intensive, full-scale preparation for every trial, always striving to present the best possible case by utilizing persuasive and novel litigation tactics. A key example of this is the fact that the firm was one of the first in the country to employ an engineering staff to facilitate the comprehensive development of cases involving complex technical matters. Along with the efficient use of experts, we have a long history in the utilization of technology in the courtroom, which allows for compelling and responsive presentations before the judge and jury. Numerous recoveries of more than $1 million on behalf of clients are proof of the success of the firm’s methods.

 

Attorneys at the firm include some the top trial lawyers in the United States, three of whom have been selected by their peers for inclusion in The Best Lawyers in America and as fellows in the prestigious American College of Trial Lawyers. By combining the talent and experience of its lawyers with an unwavering insistence on excellence, the firm are proud to have built a solid reputation as a leading Texas trial firm. For Spanish-speaking clients, the firm even offer an in-house translator, highlighting its dedication to client service.

 

Wayne Fisher is the founder of Fisher Boyd Johnson & Huguenard, L.L.P., located in Houston, Texas. With over five decades of civil litigation experience, he represents clients throughout the state in business and probate litigation as well as those who have been harmed by the negligence of others in cases involving product liability, construction accidents, medical malpractice and defective medical devices.

 

 After receiving a Bachelor of Business Administration cum laude from Baylor University, Mr. Fisher went on to attend Baylor Law School and was awarded his Juris Doctor cum laude in 1961. He was an associate at a well-known international law firm before founding his firm in 1966. Admitted to practice in Texas, Mr. Fisher is also admitted to practice before the U.S. District Courts for the Eastern, Western and Southern Districts of Texas, and the U.S. Courts of Appeals for the 5th and 11th Circuits. He has held many prominent positions with professional organizations, including serving as president of the State Bar of Texas and as a member of the board of governors of what is now the American Association for Justice.

 

 Highly regarded by his peers, Mr. Fisher has received numerous awards and honors throughout his distinguished career. He has been given an AV Preeminent* rating from Martindale-Hubbell and is listed in The Best Lawyers in America**. Mr. Fisher is also a recipient of the Lifetime Excellence in Advocacy Award from the Texas Association of Civil Trial and Appellate Specialists, and has written and lectured extensively on topics relating to various aspects of civil litigation techniques.

 

As part of his commitment to community affairs, Mr. Fisher has served as the chairman of the Texas Cultural Trust, a charitable organization devoted to raising awareness of the arts in Texas. He has also been a trustee of the Houston Symphony Society and the Texas 4-H Youth Development Foundation.

 

Contact Details

 

Company: Fisher, Boyd, Johnson & Huguenard, LLP

 

Address: 2777 Allen Parkway, 14th Floor

 

 Houston, Texas 77019

 

Phone: 713.400.4000

 

Fax: 713.400.4050

 

Website: www.fisherboyd.com

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bioTheranostics Raises $32 Million in a Private Equity Financing

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bioTheranostics, a leader in molecular diagnostics for cancer, announced that it has closed a $32 million financing led by MVM Life Science Partners, with participation of Canepa Advanced Healthcare Fund and HealthQuest Capital. As a result of the financing, bioTheranostics will be spun out from bioMérieux, which will remain a minority shareholder, and operate as an independent company.

“This is an exciting new beginning for bioTheranostics,” said Nicolas Barthelemy, President and CEO of bioTheranostics. “We thank bioMérieux for its support over the years, which allowed us to develop and demonstrate the clinical value of our two important marketed cancer diagnostic tests: Breast Cancer IndexSM (BCI) and CancerTYPE ID®.”

According to Barthelemy, this growth financing will allow bioTheranostics to build on the strong momentum the company has achieved in recent years. Following approval for Medicare coverage for BCI in late 2014, bioTheranostics reached an important inflection point in 2015, quadrupling its growth rate and doubling its revenue over the prior year. In 2015, more than 900 physicians prescribed the BCI test. The company plans to grow its commercial presence and expand its clinical development programs with the goal of expanding the clinical indications for the BCI test.

“We are fortunate to invest in bioTheranostics,” said Eric Bednarski of MVM. “The company has demonstrated a strong track record of clinical innovation and exceptional commercial growth driven by molecular diagnostic tests that provide meaningful, personalized information to improve cancer diagnosis and treatment. We look forward to the future of the business and are pleased to be partnering with the company’s outstanding management team and our co-investors.”

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