Tag: Health care

BusinessGovernment

Michelle Mone-Linked Firm Misses £122M PPE Repayment Deadline Following Court Ruling

A company linked to Conservative peer Baroness Michelle Mone has failed to meet a deadline to repay £122 million for breaching a COVID-19 PPE contract. The Department of Health and Social Care won its legal case against PPE Medpro after a High Court judge ruled some supplied gowns were not sterile. Health Secretary Wes Streeting has vowed to pursue the company “with everything we’ve got” to recover public funds.

PPE Contract Breach Leads to Missed Repayment Deadline

A company connected to Baroness Michelle Mone has reportedly failed to meet a critical deadline to repay £122 million following breaches in a COVID-19 personal protective equipment contract, according to recent legal developments. PPE Medpro, a consortium led by Mone’s husband Doug Barrowman, missed the Wednesday 4:00 PM BST deadline to pay damages awarded to the Department of Health and Social Care.

by Daniel R.Collins
BusinessLabor

Kaiser Permanente Faces Historic 31,000-Worker Healthcare Strike Over Wages and Staffing

In what organizers call the largest strike in their 50-year history, approximately 31,000 Kaiser Permanente healthcare workers walked off the job Tuesday. The five-day work stoppage involves registered nurses, pharmacists, and other medical professionals demanding wage increases and improved staffing levels across hundreds of facilities.

Historic Healthcare Strike Underway

An estimated 31,000 registered nurses and other front-line healthcare workers at Kaiser Permanente facilities initiated what organizers describe as the largest strike action in the union’s 50-year history, according to reports. The work stoppage, which began Tuesday across 500 medical centers and offices in California, Hawaii and Oregon, could potentially expand to include 46,000 participants, sources indicate.

by Ortega Rafael
BusinessHealthcare

Healthcare Venture Capital Firm Town Hall Ventures Raises $440M for Underserved Communities

Town Hall Ventures, founded by former Medicare administrator Andy Slavitt, has raised $440 million for its fourth fund. The healthcare-focused venture firm targets innovations for underserved communities while delivering strong financial returns.

In a significant development for healthcare innovation, former Medicare administrator Andy Slavitt’s venture firm Town Hall Ventures has secured $440 million for its fourth investment fund. The New York-based firm, which focuses specifically on healthcare solutions for low-income and vulnerable populations, now manages $1.4 billion in total assets. This substantial funding round demonstrates growing investor confidence in technology-driven healthcare solutions that serve Medicaid populations and other underserved communities while generating competitive returns.

From Government Service to Venture Capital

by Ortega Rafael
Arts and EntertainmentInnovation

Europe’s AI Strategy Accelerates with €500M Investment in 6 New AI Factories

The European Commission has announced six new AI Factories across Czechia, Lithuania, Netherlands, Romania, Spain, and Poland. This €500 million investment strengthens Europe’s position in artificial intelligence research and industrial adoption. The initiative represents a broader €2.6 billion commitment to creating a digitally sovereign AI continent.

The European Commission has significantly accelerated Europe’s artificial intelligence ambitions with a €500 million investment establishing six new AI Factories across the continent. This strategic expansion brings the total network to 19 facilities spanning 16 EU Member States, reinforcing Europe’s position as a global leader in digital innovation and AI sovereignty. The initiative represents a crucial step in the European Commission’s comprehensive strategy to create a digitally sovereign “AI continent” capable of competing with global tech powers.

Strategic Expansion of European AI Infrastructure

by Daniel R.Collins