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Senate confirms Sylvia Burwell as Secretary of the Department of Health and Human Services

BY Michael Johnsen

WASHINGTON — The Senate confirmed former Walmart executive Sylvia Burwell as Secretary of the Department of Health and Human Services on Thursday by a vote of 78-17, according to several reports.

According to the Wall Street Journal, Burwell is being heralded for her management experience. "Burwell … brings deep management experience to the job that former colleagues say will help her lead the agency’s big projects," WSJ wrote. "Chief among them is ensuring that HealthCare.gov runs smoothly during this fall’s insurance enrollment period."

Burwell is due to be sworn in Monday. 

She leaves her post as director of the Office of Management and Budget, WSJ reported. She previously held high-level positions in the Clinton White House, the Bill and Melinda Gates Foundation and the Walmart Foundation, but has never held elected office.

 

 

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Coty to repurchase shares from Berkshire, Rhône

BY Antoinette Alexander

NEW YORK — Coty announced that, as part of an ongoing share repurchase strategy, it will repurchase shares from investment funds affiliated with Berkshire Partners and Rhône.

Coty will purchase about 28 million shares of Class B common stock owned by investment funds affiliated with Berkshire Partners and Rhône, representing all the shares of Class B common stock they will own on the purchase date. The total consideration for the 28 million shares will be $468 million.

In addition, Brad Bloom from Berkshire and Steve Langman from Rhône will resign their positions on the board, and the Coty board will comprise eight members.

“We believe repurchasing our shares is a prudent use of our cash and are pleased to extend Coty’s record of returning value to shareholders through continued share repurchases,” stated Patrice de Talhouët, Coty CFO. “This repurchase of shares is in addition to our recently announced $200 million incremental share repurchase program authorized by our board, and demonstrates our ongoing confidence in Coty’s strategy to generate long-term profitable growth and strong cash flow."

“On behalf of our board of directors and executive committee members, I would like to thank Brad and Steve for their support, dedication and service to our organization,” stated Michele Scannavini, Coty CEO. “They served with distinction and provided invaluable guidance to management during a pivotal time in our company’s history.”

 

 

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HMN expands Cardiology Network through agreement with American College of Cardiology

BY Michael Johnsen

DARIEN, Conn. — Health Media Network and the American College of Cardiology on Wednesday announced a strategic partnership that will significantly increase the size of HMN’s Cardiology Network while broadening the distribution of ACC’s CardioSmart Initiative. CardioSmart provides tools and resources to heart health providers and the populations they serve to enhance the dialogue between all the members of the care team and improve health outcomes. 

Under the agreement, HMN is granted the exclusive right to install digital television screens featuring CardioSmartTV content in the office waiting rooms of more than 13,000 cardiovascular practices nationwide. In addition, CardioSmartTV content will be distributed across HMN’s existing Cardiology Network footprint, providing additional educational content to almost 4 million cardiology patients every month.

"The goal of Health Media Network is to enrich the patient experience at no cost to the physician, so this is a great benefit to physicians and patients, while also providing a credible and impactful advertising platform for pharmaceutial and consumer package goods as well as other companies that need to engage with patients interested in heart health," said Larry Newman, HMN COO. "With this expanded relationship, HMN is poised to become the preeminent Point of Care cardiology network in the company."

"Our collaboration with Health Media Network will make it easier for the ACC and its members to bring reliable information about preventing and managing heart disease to patients, caregivers and all members of the care team," added William Zoghbi, ACC past president. "Patients must be well-informed in order to be active participants in meeting health goals, and this program will support our members’ efforts to involve patients and caregivers in improving their own health outcomes."

Under the agreement, HMN is granted the exclusive right to install digital television screens featuring CardioSmartTV content in the office waiting rooms of more than 13,000 cardiovascular practices nationwide. In addition, CardioSmartTV content will be distributed across HMN’s existing Cardiology Network footprint, providing additional educational conent to almost 4 million cardiology patients every month. 

"The American College of Cardiology’s international reputation for exellence and the organization’s commitment to improving heart health is highly respected," stated Christopher Culver, HMN CEO. "Health Media Network is proud to collaborate with a nonprofit organization of this stature."

 

 

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