|By PR Newswire||
|January 22, 2013 10:30 AM EST||
NEW YORK, Jan. 22, 2013 /PRNewswire-iReach/ -- Manhattan Labs, a high service regional clinical laboratory serving the New York tri-state area announced that it has completed a $3.7 million equity capitalization. The funding will be used to expand into new testing areas, develop strategic industry partnerships and further accelerate business development efforts.
The $3.7 million investment was led by existing investor Trevi Health Capital LLC (New York, NY), a specialized healthcare investment firm. Since its founding in 2008, Manhattan Labs has experienced rapid revenue growth of approximately 33% per annum. This funding will allow the Company to further accelerate its growth efforts through additional expansion in Manhattan and expansion into other complementary geographies. "Completion of the capital raise will allow us to build upon our solid core market in Manhattan and also enables us to expand our business in very meaningful ways into new territories," said Manhattan Labs CEO, Ken Cerney. "We are pleased by the confidence shown in our growth plans by our investor partners. Their deep industry knowledge and continued partnership will help us develop and expand the Manhattan Labs brand throughout the New York tri-state area."
Ken Cerney joined the Company as CEO on November 1, 2012 from Strand Diagnostics, where he served as President. Ken stated "I was drawn to Manhattan Labs by the chance to grow a well-respected, high service lab into the preeminent provider of concierge lab services in the New York tri-state area. I believe we can leverage our untapped potential by exploring strategic partnerships with physicians, insurers, hospitals and reference labs."
"We have been impressed with how fast the Company has grown," said Trevi Health Capital Partner, Scott Cragg. "Our research of the market aligns us with Manhattan Labs in the belief that there is a service gap between the national laboratories and the smaller regional labs. Manhattan Labs provides a gold standard of service for high-end physicians and continues to be at the forefront of advances in science and technology. We believe that makes Manhattan Labs an attractive partner for physicians in the tri-state area."
With facilities in Manhattan and New Jersey, Manhattan Labs supplies physicians and their patients with a complete range of concierge-level laboratory services. The added capital will also fund development of a variety of new testing panels and value-added services.
"Lab tests represent three percent of the total healthcare spend while influencing more than 70 percent of medical decisions," added Manhattan Labs Board Member Edgard Zwirn, a founder and former Executive Chairman of Unilabs SA, one of the largest European labs. "Advances in science and technology provide for earlier detection and a more personalized approach to care. We are confident that Manhattan Labs will be at the forefront of helping physicians increase the quality of health care to patients and reduce overall healthcare costs."
For more information about Manhattan Labs, please visit www.ManhattanLabs.com.
About Manhattan Labs
Manhattan Physicians Laboratories, LLC ("Manhattan Labs") was founded in 2008 with the goal of creating the premier service-oriented, high-quality independent clinical laboratory in the New York City metropolitan area. Combining the latest in clinical laboratory technology, personalized service, exceptional turnaround time and easy-to-access results, Manhattan Labs is continuing to elevate the standards and setting a new benchmark of service in the laboratory industry. www.ManhattanLabs.com
About Trevi Health Capital
Trevi Health Capital is a specialized investment firm that provides healthcare-focused alternative asset management through private equity and hedge funds on a global scale. The investment team combines experienced investment professionals and senior-level executives and entrepreneurs with proven track records. Trevi Health's private equity funds provide development and growth capital for private healthcare companies with emphasis on medical devices, biopharmaceuticals and healthcare services. www.TreviHealth.com
Media Contact: Laura Johnson, Manhattan Labs, 212-874-0050, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Manhattan Labs
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Mar. 27, 2015 11:00 AM EDT Reads: 988
For those of us that have been practicing SOA for over a decade, it's surprising that there's so much interest in microservices. In fairness microservices don't look like the vendor play that was early SOA in the early noughties. But experienced SOA practitioners everywhere will be wondering if microservices is actually a good thing. You see microservices is basically an SOA pattern that inherits all the well-known SOA principles and adds characteristics that address the use of SOA for distribut...
Mar. 27, 2015 11:00 AM EDT Reads: 860
Microservice architectures are the new hotness, even though they aren't really all that different (in principle) from the paradigm described by SOA (which is dead, or not dead, depending on whom you ask). One of the things this decompositional approach to application architecture does is encourage developers and operations (some might even say DevOps) to re-evaluate scaling strategies. In particular, the notion is forwarded that an application should be built to scale and then infrastructure sho...
Mar. 27, 2015 11:00 AM EDT Reads: 2,212
Our guest on the podcast this week is Jason Bloomberg, President at Intellyx. When we build services we want them to be lightweight, stateless and scalable while doing one thing really well. In today's cloud world, we're revisiting what to takes to make a good service in the first place. Listen in to learn why following "the book" doesn't necessarily mean that you're solving key business problems.
Mar. 27, 2015 10:45 AM EDT Reads: 1,085
Exelon Corporation employs technology and process improvements to optimize their IT operations, manage a merger and acquisition transition, and to bring outsourced IT operations back in-house. To learn more about how this leading energy provider in the US, with a family of companies having $23.5 billion in annual revenue, accomplishes these goals we're joined by Jason Thomas, Manager of Service, Asset and Release Management at Exelon. The discussion is moderated by me, Dana Gardner, Principal A...
Mar. 27, 2015 10:45 AM EDT Reads: 553
Microservices are the result of decomposing applications. That may sound a lot like SOA, but SOA was based on an object-oriented (noun) premise; that is, services were built around an object - like a customer - with all the necessary operations (functions) that go along with it. SOA was also founded on a variety of standards (most of them coming out of OASIS) like SOAP, WSDL, XML and UDDI. Microservices have no standards (at least none deriving from a standards body or organization) and can be b...
Mar. 27, 2015 10:45 AM EDT Reads: 1,984
Right off the bat, Newman advises that we should "think of microservices as a specific approach for SOA in the same way that XP or Scrum are specific approaches for Agile Software development". These analogies are very interesting because my expectation was that microservices is a pattern. So I might infer that microservices is a set of process techniques as opposed to an architectural approach. Yet in the book, Newman clearly includes some elements of concept model and architecture as well as p...
Mar. 27, 2015 10:15 AM EDT Reads: 2,008
Microservices, for the uninitiated, are essentially the decomposition of applications into multiple services. This decomposition is often based on functional lines, with related functions being grouped together into a service. While this may sound a like SOA, it really isn't, especially given that SOA was an object-centered methodology that focused on creating services around "nouns" like customer and product. Microservices, while certainly capable of being noun-based, are just as likely to be v...
Mar. 27, 2015 10:00 AM EDT Reads: 1,690
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Mar. 27, 2015 09:45 AM EDT Reads: 1,911
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Mar. 27, 2015 09:30 AM EDT Reads: 1,433
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
Mar. 27, 2015 09:15 AM EDT Reads: 2,079
An explosive combination of technology trends will be where ‘microservices’ and the IoT Internet of Things intersect, a concept we can describe by comparing it with a previous theme, the ‘X Internet.' The idea of using small self-contained application components has been popular since XML Web services began and a distributed computing future of smart fridges and kettles was imagined long back in the early Internet years.
Mar. 27, 2015 09:00 AM EDT Reads: 2,077
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
Mar. 27, 2015 08:30 AM EDT Reads: 1,939
The 16th Cloud Expo has added coverage containers and microservices to its program for New York, to be held June 9-11 at the Jacob Javits Convention Center. Cloud Expo has long been the single, independent show where delegates and technology vendors can meet to experience and discuss the entire world of the cloud. This year will be no different. Containers are an old concept that saw renewed life with the emergence of Docker in 2013. Then late in 2014, CoreOS shook up the cloud-computing w...
Mar. 27, 2015 07:00 AM EDT Reads: 2,000
Our guest on the podcast this week is Jason Bloomberg, President at Intellyx. When we build services we want them to be lightweight, stateless and scalable while doing one thing really well. In today’s cloud world, we’re revisiting what to takes to make a good service in the first place.microservices Listen in to learn why following “the book” doesn’t necessarily mean that you’re solving key business problems.
Mar. 27, 2015 03:00 AM EDT Reads: 905
The Open Compute Project is a collective effort by Facebook and a number of players in the datacenter industry to bring lessons learned from the social media giant's giant IT deployment to the rest of the world. Datacenters account for 3% of global electricity consumption – about the same as all of Switzerland or the Czech Republic -- according to people I met at the recent Open Compute Summit in San Jose. With increasing mobility at the edge of the cloud and vast new dataflows being pre...
Mar. 27, 2015 01:00 AM EDT Reads: 1,725
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
Mar. 26, 2015 07:00 PM EDT Reads: 5,038
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Mar. 26, 2015 03:30 PM EDT Reads: 1,551
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and eas...
Mar. 26, 2015 03:00 PM EDT Reads: 2,890
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional S...
Mar. 26, 2015 03:00 PM EDT Reads: 2,540