Whether so-called micro-hospitals can succeed financially might depend on whether they can meet Medicare’s definition of a hospital: a medical facility that dedicates the bulk of its services to inpatient care.
Justin Markel and Quinton Lasko are obsessed with feet and legs, technology and helping people improve their mobility. The combination led the duo to an invention designed to help athletes, although it has applications far beyond sports.
The West Lafayette biotech firm's stock traded as low as $1.41 last fall, following multiple setbacks and restructurings. But the stock had soared to $24 Thursday morning after news that it would be acquired by Novartis.