Issue link: https://nebusinessmedia.uberflip.com/i/1527097
HARTFORDBUSINESS.COM | SEPTEMBER 30, 2024 27 POWER 25 | Healthcare five-year, $500 million commitment from its exclusive limited partner, Regeneron Pharmaceuticals. The phar- maceutical company said it has committed $100 million annually for five years to the venture capital fund, which will focus on "promising" biophar- maceutical, health care and health technology companies. Both Markowitz and Aberman began their professional careers in medicine before switching to investing and operational roles in biotech. Before joining Regeneron Ventures, Aberman was CEO and co-founder of XenImmune Therapeutics, a seed stage biotech company. He also previously served as president and CEO of Quentis Therapeutics, an early-stage biotech company. Markowitz joined Regeneron Ventures from ARCH Venture Part- ners, where he was a senior partner. In his three years at ARCH, he was a founder of three companies and served as a board member and advisor for two others. He has 16 years of public market investment experience at T. Rowe Price Associates and Capital World Investors, where he focused on the biotechnology and pharmaceutical industry. Chris Wright C hris Wright may not be a household name in the state's healthcare industry, but he made a big splash in May when his company, iCare Health Network, paid $60 million for a portfolio of eight Greater Hartford nursing home and healthcare properties. The purchases were noteworthy given the nursing home industry's struggles in recent years. Wright, presi- dent and CEO of iCare Health, apparently isn't afraid of trying to confront those challenges. His company provides manage- ment, operating and consulting services to skilled nursing facilities and other healthcare providers, mostly in Connecticut. It also oper- ates facilities in Holyoke, Mass., and Bennington, Vermont. ICare said it manages 10 care centers in Connecticut, including three Touchpoints Rehab centers, six Greater Hartford memory care centers and 60 West, a skilled nursing facility in Rocky Hill. The company also specializes in healthcare real estate transactions and skilled nursing turnarounds. In a statement about the recent real estate transaction, the company said: "2024 marks iCare Health Network's 25th anniversary in oper- ation, having purchased our original group of care centers out of receiver- ship in 1999. Our model was and has been distressed asset turnarounds that bring quality care and value to our residents and the community." According to his LinkedIn account, Wright has led iCare since 2000, and he received an accounting degree from Lenoir-Rhyne University in Hickory, North Carolina, where he also earned his CPA license. He has also been an advocate for the nursing home industry. In 2009, for example, he submitted testimony to the legislature advocating for an increase to the state's Medicaid reimbursement rates, which has been a big industry issue. Khuram Ghumman T he old saying is that those who can do, and those who can't teach. Dr. Khuram Ghumman can do both. Recently inaugurated as the 186th president of the Connecticut State Medical Society (CSMS), Ghumman is a family medicine physician with East Granby Family Practice LLC. He also has served in other lead- ership roles, including currently as president of the Connecticut Academy of Family Physicians, and as a past president of the Hartford County Medical Association. In addition to his medical care roles, Ghumman also serves as director of the family medicine subin- ternship and as an associate professor in the Department of Family Medicine at the Frank H. Netter MD School of Medicine at Quinnipiac University in Hamden. He received his medical degree from Nishtar Medical College in Multan, Pakistan, and completed his residency at St. Francis Hospital in Wilmington, Delaware. After his residency, he joined the faculty of the Family Medicine Residency Program at St. Francis, and served as an assistant program director, while also serving as an assistant clinical professor at the Temple University School of Medicine in Philadelphia. Ghumman, who also has a master's in public health from the University of Massachusetts and is a Harvard Macy Scholar, has been a strong advocate for recruiting and retaining physicians. That makes him uniquely qualified to lead the CSMS, which since its founding in 1792 has worked on behalf of physicians and patients in the state. Ghumman said that, as CSMS president, he will "continue the society's push for legislative action to train, attract and retain physicians … in Connecticut." Michael Aberman Email circulation@hartfordbusiness.com for more information Purchase a group subscription for your team or entire organization. See more lists on our website HARTFORDBUSINESS.COM