The former St. Mary’s Medical Center Foundation officially transitioned to The Foundation for Palm Beach Health Network, expanding its philanthropic reach to support all six hospitals within Palm Beach Health Network. The foundation now encompasses Delray Medical Center, Good Samaritan Medical Center, Palm Beach Children’s Hospital, Palm Beach Gardens Medical Center, St. Mary’s Medical Center and West Boca Medical Center.
Also, the foundation has appointed Felicia B. Morton as its new executive director.
Biotechnology company raises $2.5M in financing
BioStem Technologies, a biotechnology company developing placental-derived tissue grafts for advanced wound care, raised $2.5 million in private financing from its first institutional investor. The capital will help the firm strengthen its balance sheet as it works to uplist to the Nasdaq stock exchange. The company trades on the OTC market under the ticker BSEM. It did not disclose the investor’s identity.
BioStem purchased a 4-acre property within the Research Park at Florida Atlantic University last November, with plans to move its headquarters from Pompano Beach.
Medical practice celebrates grand opening in west Boca
BeninMed, a medical practice founded by Drs. Samantha Benin and Andrew Benin, celebrated its grand opening at 9250 Glades Road, No. 108, Boca Raton, in June. The couple’s practice combines traditional internal medicine and cardiology with a proactive approach to prevention, longevity and overall wellness.
Samantha Benin specializes in cardiology and internal medicine with a focus on preventive cardiology and cardiovascular risk reduction. Co-founder Andrew Benin is an internal medicine physician focused on preventive care and the management of chronic conditions such as hypertension, diabetes and cardiovascular risk factors.
— Christine Davis
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