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Health exec retained by Lee Memorial
Dr. Scott Nygaard is now chief medical officer of physician services for Lee Memorial Health System, serving as the liaison with independent community physicians and LMHS' employed and contracted physicians.
He previously served as senior vice president of corporate services at Via Christi Health, a health system in Wichita, Kan., with 9,000 employees and five acute care hospitals.
The 9,500-employee Lee Memorial Health System operates four acute-care hospitals and two specialty hospitals, plus outpatient centers, walk-in medical centers and primary care physician offices.
SRI Surgical board creates poison pill plan
The board of directors of Tampa-based SRI/Surgical Express Inc. has adopted a poison pill to prevent a hostile takeover in the form of a shareholder rights plan and issued one right for each outstanding share of the company's common stock.
The action is the result of an unsolicited offer to buy the company by a much larger direct competitor, and is meant to assure that the company has time to evaluate and respond to any offers so that all shareholders are treated fairly and equally in any transaction.
“SRI Surgical offers significant value in its national footprint of FDA-regulated reprocessing facilities, daily delivery into the operating rooms of over 450 acute care hospitals and ambulatory centers, and unique market position as the leading provider of environmentally sustainable reusable surgical products,” Charles Federico, chairman of SRI Surgical, said in a press release.
The rights become exercisable only if someone acquires ownership of or starts a tender of exchange offer for more than 15% of SRI Surgical's common stock. The exercise price of the rights has been set at $15.
The rights are redeemable by SRI Surgical for a tenth of a cent per right. The rights will expire on Nov. 5, 2012, unless they are redeemed, exchanged or amended by SRI Surgical.
SRI Surgical provides central processing and supply chain management services to hospitals and surgery centers.
TIB Financial Corp. adjustments cause loss
After closing on a $175 million equity investment from North American Financial Holdings Inc. in September, Naples-based TIB Financial Corp. lost $33.7 million in the third quarter.
The total figure is mainly attributable to $15.4 million spent on losses and expenses associated with other real estate owned, and $17.1 million that was committed to the bank's provision for loan losses, the later reflecting $12.4 million in net charge offs, a press release said.
In positive news, TIB said it originated $9.5 million in commercial loans in the quarter, along with $34 million in residential mortgages and $6.4 million in consumer and indirect loans to prime borrowers.
TIB Financial Corp. manages $1.7 billion in total assets via 27 banking branches in southern Florida.
GeoPharma CFO follows president in resigning
Carol Dore-Falcone resigned as chief financial officer of GeoPharma , a regulatory filing shows. She is also ending her roles as a senior vice president, and as a member of the board of directors.
GeoPharma made drastic changes in early August, selling assets and restructuring debt, while getting the resignation on Aug. 9 of president Kotha Sekharam.
In 2009, GeoPharma lost $26 million in net income, with $22 million in revenues earned.
WellCare Health Plans hires firm for provider verifications
The Los Angeles-based Medversant Technologies LLC will streamline Tampa-based WellCare Health Plans Inc.'s credentials collection and verification services process for more than 40,000 providers in 12 states.
WellCare admits health-care professionals into its network to provide coverage to members after verifying their information, in accordance with both state and federal laws. Traditionally, such data is managed in both the network relations and credentialing divisions of larger health plans.
Medversant has developed a plug-and-play provider data management solution designed to offer accuracy, verification and integration into the current provider system.
“Medversant assessed our situation and recommended a combination of technologies and services that gave us a tangible and meaningful ROI,” Ellen Gallagher, senior director of corporate provider services at WellCare, said in a press release.
WellCare Health Plans provides managed care services exclusively for government-sponsored health care programs, focusing on Medicaid and Medicare. It served 2.2 million members as of March 31.
Oceanview Publishing, Amber partner to develop feature films
Longboat Key-based Oceanview Publishing is partnering with Amber Entertainment on the development of feature films and other entertainment from among its titles.
The first joint project will be Ward Larsen's The Perfect Assassin, about a female U.S. doctor sailing across the Atlantic when the boat is hijacked by an Israeli assassin, being produced by Amber's Ileen Maisel and Lawrence Elman and Oceanview founders Robert and Patricia Gussin and Susan Greger.
“At its heart, Oceanview Publishing is a content provider and partnering with Amber Entertainment, a content converter, is a natural and mutually beneficial partnership,” Oceanview's CEO Robert Z. Gussin said in a press release. “Oceanview's titles are uniquely positioned to make the transition into film and television.”
Created in 2009 by New Line Cinema veterans Maisel, Mark Ordesky, and Jane Fleming, along with documentary and television producer Elman, Amber Entertainment acquires and converts intellectual property assets and brands into films. It is based in London and Los Angeles.
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