Tag: Member News
Elemica Celebrates Its 20th Anniversary as a Supply Chain Network Pioneer
Acquisitions, New Markets, Global Expansion, Next-Gen Solutions Lead to Customer Supply Chain Value
Atlanta, GA – January 22, 2020 – Elemica, the leading cloud-based Digital Supply Network for global manufacturing industries, celebrates twenty years of doing business. The company is one of the few original pioneers in supply chain networks that is still around today. The company has significantly changed since inception – moving from a chemical industry focus to providing next-gen supply chain solutions centered on a robust Digital Network across all global manufacturing industries. Today the company processes over $600 billion in commerce annually through its network, automating the buy, sell, move, and quality transactions to accelerate digital transformation.
“We want to thank our hard-working employees and exemplary customers for their dedication to our success for the past twenty years, and we look forward to another twenty years of delivering valuable solutions to clients,” said Rich Katz, CEO of Elemica.
eMoney Advisors Partner with Anexinet For Financial-App Scaling
Ongoing Expansion Continues to Improve IT Processes through Digital Transformation
Philadelphia, PA – January 22, 2020 – Anexinet Corporation, a leading provider of digital business solutions, today announced that eMoney Advisor (eMoney) has selected Anexinet to expand its production environment across an HPE Synergy platform. This new platform provided eMoney with a network infrastructure aligned with a hybrid IT architecture, along with a long view, future-proof technology roadmap. For more information, please see the full case study at https://bit.ly/2QOpkum.
For nearly two decades eMoney, a leading provider of technology solutions and services that helps people talk about money, has worked side-by-side with more than 60,000 financial professionals to deliver solutions that meet evolving client needs. Rooted in comprehensive financial planning, eMoney’s solutions strengthen client relationships, streamline business operations, enhance business development and drive overall growth.
Industrial Market Fundamentals are Strong Going into 2020
Wayne, PA (January 17, 2020) — Newmark Knight Frank (NKF) released its fourth-quarter 2019 industrial market reports for Greater Philadelphia and the I-81/78 Corridor. Both markets hit notable milestones in the final quarter of the decade. The I-81/78 Corridor realized 6.2 million square feet of positive net absorption, the single largest quarterly total in this economic cycle. In the Greater Philadelphia industrial market, 5.6 million square feet of new industrial product delivered, the largest quarterly addition to the inventory in the 21st century to date.
In the I-81/78 Corridor industrial market, the fourth quarter of 2019 had numerous large occupancies of recently-delivered speculative and build-to-suit warehouses, including DHL’s arrival at the 1.0 million-square-foot warehouse located at 84 Zions View Drive. This marked the region’s most significant fourth-quarter occupancy. The heightened activity brought the market’s vacancy rate below the 8.0 percent mark attained in the third quarter, to close the year at 7.8 percent.
The Greater Philadelphia Office Market Closes the Decade on a High Note
Philadelphia, PA (January 16, 2020) — Newmark Knight Frank (NKF) released its fourth-quarter 2019 office reports for the Philadelphia CBD and suburbs, Southern New Jersey, and Northern Delaware today. Across the region, the office market concluded 2019 with robust positive absorption, continued rent growth, new construction, and the promise of more demand-driven development to kick off the new year.
In Philadelphia’s Central Business District (CBD), market activity was largely driven by the “eds & meds” sector, which contributed significantly to the overall quarterly absorption of 142,976 square feet through notable deals such as Children’s Hospital of Philadelphia and Limelight Bio, each leasing a full floor at 3535 Market Street in University City. “Eds & meds” is also among the sectors catalyzing new development. Drexel University officially signed for a 258,000-square-foot build-to-suit in University City this quarter and exercised the option to expand the building to 454,000 square feet to accommodate multiple College of Medicine programs. This was one of two new build-to-suit deals signed in the fourth quarter downtown; Morgan Lewis & Bockius also signed with Parkway Corporation for a 308,000-square-foot build-to-suit at 2222 Market Street.
Anexinet Continues Executive Leadership Expansion with New Chief Marketing Officer
Suzanne Lentz Brings Extensive Brand Development and Integrated Marketing Experience
Philadelphia, PA – January 15, 2020 – Anexinet Corporation, a leading provider of digital business solutions, today announced the appointment of Suzanne Lentz as Chief Marketing Officer. Lentz will lead all aspects of Anexinet’s marketing activities from strategy creation to brand execution – including promoting its award-winning technology consulting and value-added reseller businesses; creating compelling experiences for Anexinet’s customers, employees, and partners; as well as amplifying overall brand awareness.
“Suzanne brings increased focus to our digital transformation efforts while also helping to develop customer and partner relationships through stronger brand identity,” said Todd Pittman, CEO, Anexinet. “We’re proud to welcome such an accomplished leader into our family and look forward to her valuable contributions.”
RSM Names Patrick Healey Financial Due Diligence Partner
Addition expands transaction advisory practice in the Northeast
CHICAGO (January 07, 2020) – RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – is pleased to announce that Patrick Healey has joined the firm’s national transaction advisory services (TAS) practice as a partner in financial due diligence.
“We’re very excited to have Patrick join our transaction advisory practice to continue building on our strength in the Philadelphia market with our comprehensive due diligence offering, including financial, tax, operational, IT and cyber due diligence.” said Michael J Grossman, national leader of RSM’s TAS practice.
Healey has nearly 19 years of financial analysis and accounting experience, with the last 15 years solely focused on transactions. Prior to joining RSM, he worked for a Big Four accounting firm, where he focused on both corporate and financial sponsors across several industries including chemicals, manufacturing, consumer products, technology, business services and communications.
“I’m excited to join the RSM team and to bring the full breadth of transaction advisory services to the Philadelphia market and our clients across the country,” said Healey. “Joining this growing team in Philadelphia, I will be able to bring our strength in financial, tax, IT and operations due diligence to meet our clients’ needs when and where they need it.”
Healey earned his master of science in accounting from University of Virginia, and holds a bachelor’s degree in accounting and finance from Boston College. He will be based out of RSM’s Philadelphia office.
About RSM US LLP
RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.
LifeStance Selects Tridiuum to Advance Behavioral Health Outcomes; Reduce Suicides Nationally
Tridiuum ONE digital behavioral health platform to aid in rapid assessment of patient health needs, deliver evidence-based analytics, and enhance treatment progress
PHILADELPHIA, Pa. – Jan. 7, 2019 – Tridiuum, the leading digital behavioral health company for improving outcomes, access, and patient-provider engagement across integrated care environments, today announced that LifeStance Health, a national leader in behavioral healthcare services, has selected the Tridiuum ONE platform to drive improvements in patient outcomes, further enhance quality, and better demonstrate the value of its services to patients, providers, and purchasers. Both companies also view the relationship as a key driver toward their shared commitment to making suicide a “never event.”
“We are thrilled to support LifeStance in the essential work they do to treat mental health issues across the country – particularly as it relates to ending the suicide epidemic,” said Mark Redlus, Tridiuum CEO. “With demand for mental health services at an all-time high, LifeStance recognizes the need to improve the safety and quality of patient assessments by giving patients an active voice in calibrating treatment through continuous feedback. Ultimately, this translates into patients getting better faster.”
Fairmount Partners January 2020 News
Fairmount is one of the largest and most active M&A firms based in the Mid-Atlantic, with a national and international practice. Since 2003, the firm has completed more than 220 transactions throughout North and South America, Europe, Asia and Australia. Fairmount specializes in advising middle-market companies on sell-side, buy-side and capital placement transactions, and provides fairness opinions and strategic advice in the transaction context.
- Fairmount Partners advised California-based THREAD Research in its sale to Water Street Healthcare Partners and JLL Partners. THREAD is an innovative provider of technology that enables virtual research approaches to modernize clinical studies and registries. THREAD’s platform and services are designed to make clinical trials and registries more accessible and less costly by replacing patient visits at investigator sites with technology-enabled interactions at more convenient locations, including patients’ homes. Water Street and JLL Partners, two of the most active private equity investors in the pharmaceutical services sector, will invest their combined industry experience and network of resources to further develop and expand THREAD’s offering on a global scale.
- Fairmount Partners represented Haskell Office, LLC, a leading provider of innovative furniture solutions, in the completion of a debt recapitalization transaction with The PNC Financial Services Group, Inc. (“PNC”). Since its founding in 1947, Haskell has earned a global reputation for excellence by supplying superior quality furniture to its customers. Haskell has been supported by PNC since 2002 for its commercial banking needs, and as the Company has continued to scale (i.e., revenue, profitability, product portfolio, customer base), PNC has continued to expand its lending partnership with Haskell.
- Fairmount assisted Philadelphia-based GSI Health, a SaaS provider of workflow, engagement and compliance solutions and related services, in its sale to Medecision, an integrated health management solutions provider. GSI Health has been an innovator in driving change in the industry since 2003, having pioneered workflow automation and system integration with community care providers to streamline care coordination and value-based payments for population health improvements. The GSI Health population health platform, GSIHealthCoordinator, will become part of Medecision’s Aerial™ solution, a HITRUST CSF®-certified SaaS solution that optimizes the delivery of decision support to care teams and family members.
- Fairmount Partners advised Boston-based Cambridge Biomedical, a leading large molecule-focused bioanalytical and biomarker lab, in its sale to BioAgilytix. The transaction expands BioAgilytix’s global footprint into the heart of the world’s major biotech center, and adds further capacity by joining Cambridge Biomedical’s CLIA-certified, CAP-credited, and GLP-compliant facility with its GxP laboratories in Durham, North Carolina and Hamburg, Germany. Cambridge Biomedical has particularly extensive capabilities in kit production as well as a premier molecular suite equipped with the latest generation of PCR platforms, both of which will be immediately available to BioAgilytix’s customers.
Deal for NeuroFlow
NeuroFlow, a Philadelphia-based digital health platform provider for enabling behavioral health access and engagement, raised $7.5 million in Series A funding. Builders VC led the round, and was joined by investors including Dreamit Ventures, Spring Point Partners, Red & Blue Ventures, and AWT Private Investments.
