NKF Arranges Sale of Premier Retail/Mixed-Use Development Site in Rehoboth Beach, Delaware for $13.5 Million

Wilmington, DE (June 20, 2017) — Newmark Knight Frank (NKF) today announced the sale of the 10.3-acre; 448,668-square-foot parcel at the southeast corner of the Coastal Highway (Route 1) and Holland Glade Road, in Rehoboth Beach, Sussex County, Delaware. The $13.5 million sale represents the last large commercial land tract along the Route 1 corridor between Lewes and Rehoboth Beaches. Mike Margolis, Dave Dolan and Neal Dangello of NKF represented the seller, the Corrado Family, LLC in the sales transaction. Coastal Station Development Co., LLC were the buyers.

The site will be redeveloped with the first phase to begin immediately and will include a Royal Farms convenience store and Iron Hill Brewery and Restaurant (planned to open in summer 2018).

Click here to read the full press release.

TRHC CEO Knowlton Named a Fellow of the College of Physicians of Philadelphia

Moorestown, NJ (June 20, 2017)Tabula Rasa Healthcare (NASDAQ: TRHC) Chairman and CEO, Calvin H. Knowlton, PhD., was inducted into the College of Physicians of Philadelphia (CPP)  at a gala ceremony, May 19, 2017. CCP is known as the “birthplace of American Medicine.”

To become a Fellow means the inductee is “regarded as a learned and dedicated physician, scientist, scholar, practitioner, or provider motivated by the interests of their patients, students, and the public.”

Dr. Knowlton is the Co-founder, Chairman and CEO of Tabula Rasa HealthCare Corporation (TRHC), a healthcare technology company optimizing medication safety by developing new Medication Risk Mitigation™ digital solutions and novel medication decision support tools.

Click here to read the full press release.

PACT Capital Conference 2017

 Success through Collaboration

201 N 17th Street, Philadelphia, PA 19103
WED, NOV 1 2017
1:00 PM

THU, NOV 2 2017
9:00 PM

Click here to register.

Hosted by: Morgan Lewis

Presented by: PACT

PACT works to position its members toward growth and success. As the organization’s largest signature event, the PACT Capital Conference unites key players from the private equity, venture capital, and entrepreneurial communities. As the oldest, most established venture conference in the Northeast, this conference draws more than 1,000 participants and has been the catalyst for billions of dollars in venture funding and entrepreneurial success.

Morgan Lewis will host the PACT Capital Conference 2017 with Morgan Lewis partners Andrew Hamilton and Jeffrey Bodle as conference co-chairmen.

The 2017 conference will explore success through collaboration.
Build your own story of success. This year’s conference seeks to create a roadmap for the stages of successful collaboration.  We will learn how start-ups, enterprises and investors become collaborators. Join us November 1 & 2!

This year’s event will be highly interactive, with keynote speakers, industry track panel sessions and close to 50 carefully selected technology, healthcare and early stage companies receiving “Direct IMPACT” live feedback from investors. The conference will conclude with a few select companies having the opportunity to present before the “Lion’s Den,” a “Shark Tank-like” format comprised of a distinguished panel of angel investors looking to write a check and fuel entrepreneurial ventures.

PHL Innovation Picnic

S Broad St, Philadelphia, PA 19112
5:00 PM — 8:00 PM

Click here to register!

Event Logistics

Join us for the first Innovation Picnic hosted by Ben Franklin Technology Partners, Life Sciences PA, PACT, Philly New Tech Meetup, Philly Startup Leaders, Safeguard Scientifics, and University City Science Center!

We’re joining forces with our partners to drive home our collective mission of building a stronger Philadelphia tech community. Enjoy great food, drinks, and games while celebrating summer and our incredible tech and entrepreneur ecosystem.

Most importantly you’ll spend an afternoon with colleagues, friends and business partners raising money to build the future of our tech scene because all ticket proceeds will go to the local nonprofits below!

  • iPraxis: iPraxis works to inspire middle school aged students in underserved Philadelphia communities to explore science, technology, engineering, and mathematics by connecting them with professional scientists and providing hands-on learning experiences.
  • Spark: Spark inspires 7th, 8th and 9th grade students to succeed in high school and beyond by connecting them with mentors in leading workplaces and supporting their academic journey with skill-building and resources. By engaging working professionals and connecting businesses with local communities, Spark empowers the next generation to perform better in school, graduate on time and lead fulfilling careers and lives.
  • TechGirlz: TechGirlz is a nonprofit that ignites a love for technology in middle school girls. Our free, open source workshops inspire curiosity, impart confidence, and build community as the foundation for the application of technology throughout a girl’s career and life.

Get there for less! Lyft, the PHL Innovation Picnic rideshare partner, is offering discounted rides! Get 20% off your ride to or from the PHL Innovation Picnic. Redeem the code here!

Please note that this event will be 21+. 

PACT Cybersecurity Series

500 East Swedesford Road, Suite 300, Wayne, PA 19087
8:30 AM — 10:30 AM

Click here to register.

Sponsored by:  Cozen O’Connor

8:30am to 9:00am:      Registration and Networking
9:00am to 10:30am:    Program
The Internet of Things, Wearables and Property Damage – The Next Wave of Cyber Threats

It seems like every day we hear about a new cyber incident. From the Russians “hacking” the election to major retailers and the federal government being hit by different cyber incident, there are so many cyber breaches that the world is becoming jaded to breaches. But we are about to hit with a more dangerous from of cyber breaches. It is estimated that there are over 10 billion people connected to the internet, and within a couple years that number will double. The rise of the Internet of Things will greatly increase the potential damage caused by events, including significant personal injury and property damage. This program will explore this new world and address the ways you can prepare for the new wave of cyber threats.
Featured Speakers:

Charles Sgrillo CISSP
Sr. IT Security Specialist | Technology Solutions Group
Kreischer Miller

Dave Walton
Cozen O’Connor


For more information, contact Danielle Pinto at dpinto@philadelphiapact.com.


Thursday: Vanguard, Safeguard, Stash talk fintech trends

Written by Roberto Torres, Technical.ly Philly

Head to the suburbs for this PACT event. It’s the latest in an uptick of fintech activity across the Philly region.

From high-priced acquisitions to niche accelerator programs, fintech activity in the region has been on the rise lately.

And tomorrow, amid that bubbling context, PACT is hosting a chat at Vanguard’s Malvern HQ to dissect some of the latest trends in the fintech space.

Joel Dickson, Vanguard’s global head of investment R&D will kick off the event, followed by a presentation from John Evans, senior manager for investment fintech strategies at Vanguard, on how the OG investment firm is using tech to manage its massive portfolio, which spans $4.2 trillion in assets.

Click here to read the full article.

Philly tech execs went to Harrisburg to lobby against Pa.’s proposed ‘Tech Tax’

Written by Roberto Torres, Tecnical.ly Philly

PACT organized the field trip of sorts in partnership with the Pittsburgh Technology Council.

Alongside the Pittsburgh Technology Council, PACT rallied eight tech execs from the Philly area and headed to Harrisburg last Tuesday. The goal? Speaking out against the proposed rehashing of a six-percent sales tax on computer services and software found in the commonwealth’s latest budget proposal.

Here’s the list of Philly folks that headed to the capitol (including more than a couple familiar names):

  • Chris Cera, Arcweb Technologies
  • Rich Napoli, ObjectFrontier
  • Chris Schalleur, Christo IT Consulting
  • Alex Urevick-Ackelsberg, ZivTech
  • Lauren Schwartz, TechWise Group
  • Greg Sterndale, PromptWorks
  • Dawn McDougall, Operations Manager, PromptWorks
  • Matthew Donegan, Senior Technical Architect, Strava Technology Group

Click here to read the full article.

Today’s ‘Tech Trends’ to Tomorrow’s Value Innovation

By: Dave Spencer, SVP & Managing Director, East Market Unit, SAP

What were once considered to be tech trends soon to permeate businesses in our future, terms like Machine Learning, Blockchain, Big Data, Internet of Things (IoT) and Artificial Intelligence (AI) are quickly shifting from ‘trends to watch’ to disruptive forces in the enterprise today.

When it comes to the potential magnitude of their impact, some of the writing is already on the wall. For example, Machine Learning and AI will bring a new level of intelligence to business environments, enabling people to focus on work that adds value, rather than repetitive tasks. Blockchain is poised to become the new protocol for digital assets, exchanges, and identity. And IoT is creating massive amounts of data that can be gleaned for insights to make business processes more connected, efficient and productive.

In today’s innovation race, identifying and acting on technology trends quickly is crucial. However, as technology so often does, these shifts are coming fast and with such complexity that their impacts can be difficult to predict. Many companies don’t know where to even begin, or more importantly how to be sure they won’t waste money on innovation they can’t implement, adapt and scale. Furthermore, innovation far too often occurs in silos and without a core strategy. With this rapid proliferation of new technologies, it’s no surprise that companies may find themselves with a significant disconnect between innovation and business value.

Click here to read the full article.

Five Ways Artificial Intelligence is Revolutionizing Healthcare, and Why It Matters

By Mike Hilton, chief product officer for Accolade

Artificial Intelligence (AI) is increasingly transforming the way we live our lives. In fact, you may not even know it, but you are likely relying on AI on a daily basis already.

AI is the collection of multiple sophisticated technologies that enable machines to sense, comprehend, and act based on data learned about you over time.  It’s the behind-the-scenes magic that finds your favorite artists on Spotify, fuels your Amazon searches, allows the payment of bills from your mobile phone, and enables Uber drivers to find you on a random street corner.  AI is currently applied in almost every industry, and is changing the world.

So how will this powerful technology impact healthcare? In the coming years, just about in every conceivable way. It’s a good thing too, since the US healthcare system is in desperate need of leveraging technology to fix itself. Shockingly, we rank dead last in care quality, efficiency and access when compared to other industrialized nations.

The application of AI to the healthcare system promises to reinvent an industry that has historically been dragged down by some serious flaws:

  • It rewarded physicians based on patient volume versus the delivery of high quality care,
  • There were no incentives for specialists and primary care doctors to coordinate care, and
  • Doctors relied on a medical records system based on hand-written notes that could not be easily shared among caregivers.

Some exciting applications of AI to healthcare are quickly emerging, and promise to increase consumer satisfaction levels tremendously, and improve overall health while reducing costs. These include:

  1. Using real-time clinical data to manage chronic conditions – AI helps physicians deliver better outcomes by instantly analyzing real-time clinical data, uploaded by patients themselves or technologies that seamlessly integrate data. Increasingly, mobile apps are used by patients suffering from a chronic condition to transmit daily updates about their medical status, or engage with health assistants who capture critical learnings on both life and health. This information is used by physicians to monitor treatment plan adherence and adjust diet and medications as needed.
  2. Reducing hospital readmissions – Real-time evaluation of clinical information helps predict when a patient is likely headed back to the hospital for a re-admittance. Having access to this information allows treating physicians and health assistants to intercede with the patient proactively, avoiding unnecessary and expensive inpatient care.
  3. Increasing speed to market for new medications – AI technology is helping life science companies improve research and reduce the time it takes to launch new medications– meaning lifesaving treatments reach those in need much more quickly.
  4. Personalizing care using advocacy solutions – Employers looking to support employees in making better healthcare decisions are including high touch advocacy solutions as part of their benefits package. The most innovative of these solutions relies on AI to analyze data about each new interaction, continuously learning about individuals over time. By leveraging evolving insights, the technology enables the delivery of personalized recommendations, ensuring people feel supported and empowered to seek the right care at the right time.
  5. Improving diagnostic accuracy and treatment – You’ve probably heard of IBM Watson, arguably the most famous Jeopardy! player ever. Watson is a powerful AI supercomputer that has the ability to analyze zillions of data points in a nano-second, looking for key patterns that drive clinical insights. Watson’s capabilities were initially applied to the detection and treatment of rare cancers, but are now being expanded to include other clinical areas as well.

While the application of AI in healthcare is only in its infancy, it offers incredible opportunities to revolutionize the industry in ways previously unimaginable. Envision a future where the power of intuitive technology predicts when you’re going to get sick years before your first symptom – allowing you to make the changes necessary to avoid illness altogether and live a long and healthy life.