Latest news with #Vida
Business Wire
13 hours ago
- Business
- Business Wire
Vida Health Appoints Leading Industry Executives to Accelerate Growth in Cardiometabolic Care
SAN FRANCISCO--(BUSINESS WIRE)-- Vida Health, a virtual, personalized obesity care provider that helps patients manage obesity and related conditions, today announced the appointment of Jason Macaleer as Chief Strategy Officer and Mike Rolla as Chief Growth Officer. Seasoned healthcare leaders with a combined 40+ years of industry experience, Macaleer and Rolla will partner to help scale the company's impact amid growing demand for evidence-based obesity and cardiometabolic solutions. The announcement of Macaleer and Rolla's appointments coincides with the completion of Vida Health's recent capital raise led by existing investor General Atlantic, with participation from Ally Bridge, Canvas Prime, and existing shareholders, underscoring leading investors' support for the company's strong market traction. In the last year, Vida has experienced significant growth, expanding its customer base by 70% and increasing revenue by greater than 90% year-to-date, driven by the company's Clinical Obesity Management program. Combined with deepening partnerships with consultants, PBMs, and payers, this momentum underscores Vida's emergence as the preferred partner for cardiometabolic care, particularly amid rising concerns about GLP-1 affordability and sustainability. 'Jason and Mike's leadership and vision will be instrumental in our next phase of growth. Their complementary experience strengthens our ability to deliver sustainable solutions for obesity, diabetes, and related conditions,' said Joe Murad, CEO at Vida Health. 'With our recent capital raise, which fully funds Vida to profitability, we are even better positioned to deliver on our mission and expand our impact, backed by the continued confidence of our investors.' Macaleer joins Vida at a pivotal moment in the market, as employers and health plans navigate rising cardiometabolic risk and the evolving GLP-1 landscape. Macaleer brings deep expertise from strategic roles at Transcarent, Teladoc Health, and Livongo, where he scaled employer and health plan partnerships and advanced value-based care. He will support Vida's mission of delivering partners and their members measurable, meaningful health outcomes, personalized care, and cost savings. 'It is a privilege to join the Vida team as we work to help address the obesity epidemic,' said Jason Macaleer. 'I am energized by the opportunity to contribute to Vida's continued growth and drive impactful results for our partners and their members.' Rolla has a strong track record in commercializing innovative medical technologies and leading enterprise growth at companies like AliveCor, Teladoc/Livongo, and Becton Dickinson. His leadership in go-to-market strategy and complex enterprise sales will advance Vida's expansion of responsible GLP-1 prescribing and comprehensive obesity care. 'It is rewarding to be part of Vida at such an exciting time of accelerated growth,' said Mike Rolla. 'We are off to a strong start in 2025 and poised to continue our momentum with Jason and the rest of this impressive management team.' Together, both executives offer a powerful blend of strategic vision, commercial acumen, and operational expertise as they work to strengthen employer and payer partnerships, optimize Rx integration, and accelerate Vida's growth in the cardiometabolic market. To learn more about how Vida helps health plans and employers improve the health of their members and employees, visit About Vida Health Vida Health is a virtual, personalized obesity care provider that helps patients manage obesity and related conditions like diabetes, high blood pressure, anxiety, and depression with evidence-based treatment. Vida's team of obesity medicine-certified physicians, nurses, registered dietitians, expert coaches, and licensed therapists take a whole-person approach leading to clinically meaningful body weight loss in one year. Practicing responsible prescribing, Vida supports patients, employers, and health plans by prioritizing proven behavior change and lifestyle interventions before introducing medications, ensuring that only those who really need anti-obesity medications receive them — helping to control costs. For individuals with obesity, employers and health plans can save up to $550 in monthly prescription costs. Vida serves members in all 50 states and Washington D.C., offers services in both English and Spanish, and operates on a value-based pricing model, putting outcomes at the center of care. To learn more, visit
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Vida AB expands into Central Sweden
VANCOUVER, BC, July 22, 2025 /CNW/ – Canfor Corporation (TSX: CFP) announced today that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million. AB Karl Hedin Sågverk operates three sawmills located in Central Sweden and will add approximately 230 million board feet to Vida's annual production capacity. Following completion of this acquisition, Vida will have annual production capacity of approximately 2.1 billion board feet. Annual synergies of approximately $15 million are expected to be achieved within three years as a result of this transaction principally related to alignment of marketing programs as well as log procurement and operational practices. 'This strategic acquisition will enhance Vida's strong operating platform and provide further diversification into Central Sweden. These operations have access to exceptionally high-quality timber and are well positioned to complement Vida's high-value product offering,' said Susan Yurkovich, President and Chief Executive Officer of Canfor. Canfor anticipates financing this transaction largely with cash on hand and new equity from minority Vida AB shareholders. The transaction is expected to close over the next several months and is subject to customary closing conditions, including regulatory approvals. Forward-looking statements. Certain statements in this press release constitute 'forward-looking statements' which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as 'expects', 'anticipates', 'projects', 'intends', 'plans', 'will', 'believes', 'seeks', 'estimates', 'should', 'may', 'could', and variations of such words and similar expressions are intended to identify such forward looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Corporation. Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and renewable energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit
Cision Canada
a day ago
- Business
- Cision Canada
Vida AB expands into Central Sweden
VANCOUVER, BC, July 22, 2025 /CNW/ - Canfor Corporation (TSX: CFP) announced today that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million. AB Karl Hedin Sågverk operates three sawmills located in Central Sweden and will add approximately 230 million board feet to Vida's annual production capacity. Following completion of this acquisition, Vida will have annual production capacity of approximately 2.1 billion board feet. Annual synergies of approximately $15 million are expected to be achieved within three years as a result of this transaction principally related to alignment of marketing programs as well as log procurement and operational practices. "This strategic acquisition will enhance Vida's strong operating platform and provide further diversification into Central Sweden. These operations have access to exceptionally high-quality timber and are well positioned to complement Vida's high-value product offering," said Susan Yurkovich, President and Chief Executive Officer of Canfor. Canfor anticipates financing this transaction largely with cash on hand and new equity from minority Vida AB shareholders. The transaction is expected to close over the next several months and is subject to customary closing conditions, including regulatory approvals. Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Corporation. Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and renewable energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit SOURCE Canfor Corporation Media Contact: Mina Laudan, VP, Corporate Affairs, (604) 661-5225, [email protected]; Investor Contacts: Pat Elliott, CFO and Corporate Secretary, (604) 661-5441, [email protected]; Dan Barwin, Head of Corporate Development, (604) 661-5390, [email protected]
Mint
3 days ago
- Automotive
- Mint
Hero MotoCorp gets approval for PLI-Auto scheme
New Delhi: Hero MotoCorp Ltd, India's biggest two-wheeler maker by sales, has received approval for its electric scooter to be a part of the ₹ 25,938 crore production-linked incentive scheme for automobiles and auto parts (PLI-Auto), according to the scheme's portal. The approval from testing agencies came on 8 July for the VIDA V2 Pro model, which allows the company to claim incentives from the ministry of heavy industries. The approval makes Hero MotoCorp the fourth electric two-wheeler maker in the PLI roster, after Ola Electric Mobility Ltd, TVS Motor Co. Ltd, and Bajaj Auto Ltd. Also read | Govt names Toyota Kirloskar as first component maker to get auto PLIThe PLI-Auto scheme has been integral to boost the margins of electric vehicle makers in the country. Vivek Anand, chief financial officer, Hero MotoCorp Ltd, said during the company's earnings call on 14 May that its efforts to reduce Bill of Materials (BOM) costs through localization, along with the PLI benefit that the company will receive, will make the company's operations profitable. He said then that the company is in the process of applying for PLI sops for multiple models, and was expecting an approval by July. Hero MotoCorp is the 17th company to get its models approved under the scheme, and has initiated the process to get other models approved. Hero MotoCorp recorded a 175% rise in sales of its electric Vida scooters to reach 48,674 units during the year, Mint reported in May, citing data from the Federation of Automobile Dealers Associations (FADA). Also read | Electric journey helps Tata Motors, Mahindra become first to win auto PLIThe company had a 4.2% market share among electric two-wheelers in FY25, according to the Vahan portal, the central registry of vehicles. Disbursals under the PLI-Auto scheme have been low, with about ₹ 322 crore doled out to approved companies in FY25. While 16 companies had been approved for PLIs before Hero MotoCorp, only four had received these payouts till FY25. Tata Motors and Mahindra & Mahindra were granted about ₹ 246 crore in January 2025, followed by ₹ 73.74 crore to Ola Electric in March. The ministry of heavy industries said on 26 March that Toyota Kirloskar Auto Parts had also received disbursals, but did not disclose the amount. An uptick is expected in FY26, union heavy industries minister H.D. Kumaraswamy told Mint in June. The minister had said the government is expecting PLI claims worth about ₹ 2,000 crore from nine companies in FY26. Under the marquee scheme to support the production of zero-emission vehicles, manufacturers receive 13-18% of their incremental sales as kickbacks. Manufacturers have to procure at least 50% of the components locally. While key manufacturing components such as cells for electric vehicles have to be imported, others can be sourced from Indian auto components makers. Also read | About 12 companies including BHEL and Kia Motors to be excluded from Auto PLI Manufacturers also have to meet investment targets under the scheme, or face removal, according to PLI-Auto guidelines. Incumbent vehicle makers must have annual revenues of at least ₹ 10,000 crore and invest ₹ 3,000 crore in fixed assets. For component makers, the thresholds are ₹ 500 crore in revenue and ₹ 150 crore in investment. New entrants from outside the auto sector need a global net worth of ₹ 1,000 crore and must commit investment over five years. The continued addition to the roster of PLI-approved auto products comes as sales of electric vehicles have risen about 17% in FY25 to over 1.9 million, compared with about 1.6 million in FY24.
Mint
4 days ago
- Automotive
- Mint
Vida VX2 Plus vs TVS iQube ST 3.5 vs Bajaj Chetak 3501 vs Ather Rizta Z 3.7: Price, range, and charging time compared
Hero MotoCorp's EV wing, Vida, launched its most affordable electric scooter, VX2, in India just a few weeks back. Launched in two different variant choices - VX2 Plus and VX2 Go, the Vida VX2 competes with some tough rivals. The Indian electric two-wheeler market, which is dominated by electric scooters, has been witnessing the launch of a range of new products, and VX2 is the latest entrant in that space. The Vida VX2 Plus, which is the top trim of the newly launched electric scooter, competes with rivals such as TVS iQube ST 3.5, Bajaj Chetak 3501 and Ather Rizta Z 3.7. Here is a quick comparison of these four electric scooters on the basis of price, range per charge and charging time. Vida VX2 Plus comes available with a Battery-as-a-Service (BaaS) option, which brings down the pricing to ₹ 64,990 (ex-showroom). However, if someone wants to buy the battery fully, the pricing of the Vida VX2 Plus goes up to ₹ 1.10 lakh (ex-showroom). Among its competitors, the TVS iQube ST 3.5 is priced at ₹ 1.45 lakh, while the Bajaj Chetak 3501 costs ₹ 1.35 lakh (ex-showroom). The Ather Rizta Z 3.7 is priced at ₹ 1.50 lakh (ex-showroom). Clearly, the Vida VX2 Plus is the most affordable EV among the four electric scooters. The Ather Rizta Z 3.7 comes as the most expensive among the four models. Vida claims the VX2 Plus is capable of running up to ₹ 142 km on a full charge. Among the competitors, the TVS iQube ST 3.5 is capable of running up to 145 km on a single charge. The Bajaj Chetak 3501 and Ather Rizta Z 3.7 are capable of running up to 153 km and 159 km, respectively, on a full charge. The Vida VX2 Plus claims to run the shortest range per charging cycle among all these electric scooters, while the Aher Rizta Z 3.7 promises the longest range. Vida VX2 Plus claims to be capable of topping up its dual battery packs from zero to 80 per cent in 2.41 hours using a 580W charger, which is the fastest among these four electric scooters. The TVS iQube ST 3.5 takes about three hours to be charged to 80 per cent from zero, using a 950W charger. The Bajaj Chetak 3501 also takes the same time as the TVS iQube ST 3.5 to be topped up from zero to 80 per cent, with its 950W onboard charger. It is the fastest among the Bajaj Chetak 35 series. The Ather Rizta Z 3.7 takes 4.30 hours to be charged from zero to 80 per cent, which is the longest among all these EVs.
