Peter Briger is the Co-Chairman for the Fortress Investment group and has been so since 2009. He began his stint at the company during 2006 before being promoted to Co-Chairman. Briger is in charge of both Fortress Investment Group’s credit and real estate activities. The Fortress Investment Group has recently been acquired by SoftBank. SoftBank is a Japanese company that holds the title of being one of the world’s largest investment companies. With it’s acquisition of Fortress Investment Group, SoftBank rises closer towards being the top investment company in the world. Peter Briger and his other two co-chairman for Fortress Investment Group are bringing in a hefty one billion dollars each due to the 3.3 billion dollar acquisition.
Fortress Investment Group will continue to run as it always has. Peter Briger and the other chairman will still have nearly all say in the day to day activities of the company. When asked, the CEO of Fortress stated that the chairmen and top management positions were completely fine with the face that they are now removed from the NYSE and that they are all excited to work as a private and independent company despite the acquisition. SoftBank -The company that acquired Fortress- has over forty years of experience and was established in 1981. The company is invested in over four hundred different Internet-based businesses and continues to grow. It began to evolve and grow exponentially after investing in Yahoo! during it’s peak as an internet business.
Fortress on the other hand is a bit newer. The company has only been around roughly half as long as SoftBank. However, with the combined efforts of Peter Briger and the other top members of the company, the Fortress Investment Group has grown to manage the investments of nearly 2000 different clients. It was an odd decision for SoftBank to invest such a large amount into a company that it will not have much say in how it operates. However, it was an intelligent move. SoftBank specializes in the acquiring of internet businesses. They’re not a specialized investment group. By acquiring an investment company as large as Fortress, SoftBank gives itself key resources for branching into the world of investing. On the other side of the equation, Fortress is now a private company. It’s not publically traded anymore. They also gain access to dozens of Asian companies as resources and partners. So, in the end it’s a double win. Both companies benefit greatly and neither of them sacrifice any control over their company.
Marc Beer has been in the pharmaceuticals business for more than 25 years. He is one of the co-founders of Renovia Inc. and is its chairman of the board and chief executive officer. His company is a startup that develops devices to treat pelvic floor disorders in women. He has worked for a number of other firms in the pharmaceutical industry in the past such as ViaCell, Genzyme, and Good Start Genetics, Inc. He is a graduate of Miami University which is in Oxford, Ohio.
Renovia recently held its Series B funding round. Marc Beer says that they were able to raise $32 million from this and also brought in another $10 million in the form of venture debt. He is planning on using this money to develop and test additional devices for the treatment of pelvic floor disorder as well as improve the device they now have on the market. There are three main types of this disorder which are a lack of bowel control, urinary incontinence, and pelvic organ prolapse. These disorders are caused by the bowel, bladder, and/or uterus “dropping” down onto the vagina and thus causing complications.
Marc Beer says that around 250 million in the world are afflicted by pelvic drop disorders. His company’s first product, Leva, was approved for use in the United States by the FDA in April 2018. Leva is a device that helps women train their pelvic muscles so that they become stronger. This device can help women avoid surgery and/or being on medications to treat their condition.
There were a few venture capital firms interested in investing in Renovia during its Series B round. Among these were Perceptive Advisors, Longwood Fund, and Ascension Ventures. Talking about this round of funding, Marc Beer said that he was very happy that some of the nation’s leading healthcare investors were interested in his company’s mission to improve the lives of millions of women around the world. He added that the money would also be used to improve their digital health platform which provides women with valuable data about their condition and the treatment options that exist for it.
During the course of his career, Marc Beer has been on a number of advisory boards. He has been on his alma mater’s Business Advisory Council and was once on the Research and Commercialization Advisory Committee for Notre Dame. He has also worked as a strategic consultant for other firms such as OvaScience. Learn more : https://www.slideshare.net/MarcBeer
A major problem facing the healthcare industry today is the tendency for Americans to travel to the nearest emergency room to address common conditions that do not demand urgent care. Dr. Eric Forsthoefel has many spent the entirety of his career working in emergency rooms and trauma centers. This experience has provided him with firsthand knowledge of how the overuse of these facilities for non-urgent health care needs have overburdened these facilities to the point that they are sometimes unable to adequately provide service to those that need them.
Dr. Forsthoefel explains in a recent interview that many patients turn to emergency rooms for routine health care due to the lack of access to primary care that has become a problem for many Americans. Forsthoefel goes on to explain that each patient arriving at local emergency rooms or trauma centers is met with the best efforts of emergency room staff regardless of the nature of the illness or injury that prompted their arrivals. This can be problematic Forsthoefel says because resources sometimes are stretched to the point that it becomes a challenge to pay adequate attention to the truly critical patients that are in need of emergency services.
Dr. Forsthoefel reiterated before ending the interview that all patients entering emergency facilities are treated with the best care possible and says emergency room personnel is sympathetic to the fact that many face barriers that make other treatment options unavailable to them. The fact remains however that many of the resources intended for acute and emergency patients are being diverted more and more towards patients with non-urgent needs.
The opinions of Dr. Eric Forsthoefel and other doctors working in emergency rooms is supported by the present data. A survey done by Harris in 2005, asked emergency room physicians to provide the top reasons they believe people overuse emergency room services. Doctors expressed time and time again that the wait time that is necessary when a patient makes an appointment with a primary care physician is a primary factor in the overcrowding of local emergency rooms and trauma centers in America. The physicians also said the problem becomes considerably worse at nights and on weekends because many primary care clinics are not open for business at these times.
The conclusion drawn by Dr. Forsthoefel and other emergency room physicians is that primary care physicians can do a great deal to lessen the burden on emergency rooms across the country by offering greater access to patient services on nights and weekends.
About Eric Forsthoefel
Dr. Eric Forsthoefel is an emergency room physician that has served the people of Tallahassee Florida for the past seven years. Forsthoefel attended the School of Medicine at Louisiana State University and completed the requirements for his degree in 2011.