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POLITICO New York Health Care: Marijuana shakeup; Monte's millions

01/10/2017 10:00 AM EDT

Good morning! You are reading a complimentary synopsis of the POLITICO New York Pro Health Care newsletter. Pro subscribers receive a premium version of this newsletter, which includes an enhanced look-ahead and robust analysis of the health care news driving the day, weekdays at 5:45 a.m. Contact us here to learn more'.

written by Dan Goldberg

BLOOMFIELD OUT, MEDMEN IN - Bloomfield Industries, one of the five companies licensed to sell medical marijuana in New York, is being acquired by MedMen, a California-based marijuana management and consulting firm. The change in ownership comes just two days after New York State's medical marijuana program marked its first year, amid cries from executives that the market is not viable and reassurances from the state Department of Health that the program remains on course. Bloomfield had been facing "financial constraints" for at least the last six months, forcing the company to skip payments to some vendors and entertain offers from several investors, including MedMen, which has a $100 million venture capital arm. Read my story here: http://politi.co/2iYlDBR

SHARE ME: Like this newsletter? Please tell a friend to sign up. Give them this link: http://politi.co/25oHyoN

AND MAKE SURE YOU FOLLOW Josefa Velasquez and me on Twitter @J__Velasquez & @DanCGoldberg. And for all New Jersey health news, check out @katiedjennings

MONTE MONEY - Gov. Andrew Cuomo announced Monday that Montefiore Health System, which has been expanding into the lower Hudson Valley, would receive $50 million from the state. The money, which Cuomo promised during his State of the State address in New York City, follows Montefiore's moves to acquire or partner with several hospitals just north of its Bronx base, including Our Lady of Mercy, Westchester Square Hospital, Mount Vernon Hospital, New Rochelle Hospital, Nyack Hospital and St. Luke's Cornwall Hospital. http://politico.pro/2iWaAHr

...Cuomo didn't devote much time to health care, although, as expected, he did promise to fight to preserve the Affordable Care Act: "The New York promise continues, because we believe individual health is public health and quality affordable health care is a human right. We will not go back to a place where nearly 3 million New Yorkers are uninsured or Medicaid is decimated and our world class New York health care system is dismantled. We will not allow that to happen in the State of New York."

NOW WE KNOW - Mindfulness is an antidote to the stress caused by mindless holiday consumption, according to a study in the Journal of Public Policy & Marketing titled "Mindfulness: Its Transformative Potential for Consumer, Societal, and Environmental Well Being," http://bit.ly/2iW8klx

WE'D LOVE TO HEAR FROM YOU: This roundup is for you, so please tell us how we can make it even better. Send tips, news, ideas, calendar items, releases, promotions, job postings, birthdays, congratulations, criticisms and corrections to dgoldberg@politico.com

MENTAL HEALTH IN PRISONS - A $250,000 grant from the U.S. Department of Justice will fund new mental health teams on Rikers Island to help correction officers and inmates handle mental health needs within city jails, the Department of Correction announced Monday. http://politico.pro/2iYc71R

HOOSICK FALLS - The village of Hoosick Falls has finalized an agreement with companies being held responsible for contaminating the village's water with a toxic chemical. Read more here: http://politico.pro/2jbIA2k Read the mayor's statement: http://politi.co/2iWGZ0x

FALSE ADVERTISING - State Attorney General Eric Schneiderman filed a lawsuit with the Federal Trade Commission on Monday against the maker of the dietary supplement Prevagen, alleging the company falsely says its product improves memory without reliable evidence to support the claim. http://politico.pro/2iXjKpc

WATER WORKS - Cuomo said on Monday that he wants $2 billion to protect drinking water in New York. The money would be used to fund filtration systems, fix deteriorating pipes and protect drinking water sources. http://politico.pro/2iXhga7

BABY STEPS - Fred Mogul is out with the latest in his series "What Hospitals Deliver," looking at how Brooklyn's Maimonides Hospital preps for complications on the maternity ward. http://bit.ly/2jchLuL

SELECTION MONDAY - Mohawk Valley Health System has selected NBBJ as the architectural firm and Turner Construction Company for the planning, design and construction of the system's proposed downtown hospital, according to the Utica Observer-Dispatch. http://bit.ly/2jcjnVt

NEW HEAD - The Syracuse Post-Standard reports: "Steven M. Scott, a hospital administrator with more than 30 years of experience in academic medicine, has been been named interim chief executive officer of Upstate University Hospital to replace Dr. John McCabe, who is stepping down." http://bit.ly/2jcltEM

RESEARCH INSTITUTE - Mount Sinai Health System announced that it is launching the Mount Sinai/New York Eye and Ear Eye and Vision Research Institute. http://bit.ly/2iY2Er4
MAKING ROUNDS - Dr. Diane Simeone, director of the Pancreatic Cancer Center at the University of Michigan, is joining NYU's Perlmutter Cancer Center on March 1. She will be the associate director for translational research and will lead its newly established pancreatic cancer center. http://bit.ly/2iXCzZv

...Dr. Dan Iosifescu, an expert in mood disorders, will join NYU Langone Medical Center's Department of Psychiatry in March, leading research at the medical center and at its affiliate, the Nathan Kline Institute (NKI) in Rockland County. Iosifescu comes from Mount Sinai Hospital, where he was director of Mood and Anxiety Disorders. NYU Langone's psychiatry department also recently announced it had poached Dr. Naomi Michele Simon from Harvard Medical School and Massachusetts General Hospital. She will begin in July. http://bit.ly/2iXx6Sr

ALSO MAKING ROUNDS - Dr. Simmanjeet Mangat has been promoted to medical director of primary care services at Niagara Falls Memorial Medical Center. She will also serve as medical director for its Health Homes serving both adults and children, according to a press release from the hospital. http://bit.ly/2iWbBkE

IN CASE YOU MISSED IT - Doug Wirth, president and CEO of Amida Care, penned an op-ed for City & State on the importance of access to transgender health care. http://bit.ly/2i94xgQ

PHARMA REPORT:
-BIG DEAL - Business Insider reports: "The Japanese pharmaceutical company Takeda is buying the Cambridge, Massachussetts-based Ariad Pharmaceuticals for $24 a share. The deal, valued at about $5.2 billion, is expected to close in February. http://read.bi/2iWjk0e
WHAT WE'RE READING:

-OBAMACARE'S LATEST - My colleagues in DC report that after Sen. Rand Paul of Kentucky spent the last week urging the GOP not to repeal Obamacare without having a replacement plan ready, his phone rang on Friday night with a call from a new supporter: Donald Trump." http://politi.co/2iWP5IE

-PUSHING AHEAD - Despite some defections, Republican leaders are pushing ahead with their plan to repeal the Affordable Care Act: http://politi.co/2jcgK5V

-THOUGHT EXPERIMENT - Austin Frakt asks us to think about animal health care and its cost growth to better understand human health care and its cost growth. Think about it - animals typically don't have health insurance. There aren't nearly as many regulations to deal with and there are no government payers. But costs are still exploding. So, what does that tell us? http://nyti.ms/2iXbOUQ

-ANOTHER BIG DEAL - The Wall Street Journal reports: "UnitedHealth Group Inc.'s Optum health-services arm has agreed to acquire Surgical Care Affiliates Inc. for about $2.3 billion, adding a major surgical company to its growing roster of doctor groups and clinics." http://on.wsj.com/2iWbJyE

-THE PRICE IS RIGHT - Kaiser Health News looks at the relationship between U.S. Rep. Tom Price, Trump's nominee for HHS secretary, and medical special interest groups: "Price has been a go-to congressman, a review of his records show, for medical special interests hotly sparring with regulators or facing budget cuts." http://bit.ly/2iVChSV

-ICD-10 GLITCH - Modern Healthcare reports: "The CMS issued something of a get-out-of-Medicare-penalties-free-card for two years to physicians and group practices due to a glitch with quality reporting measures based on a recent update to the ICD-10 diagnosis and procedure codes." http://bit.ly/2jcfek6

TODAY'S TIP - Comes from Rochester Regional: "Don't drink too many calories."

-DEMOGRAPHICS - Those who need help paying for abortions are younger and more likely to be African American when compared to general abortion patients in the U.S., according to a study from researchers at the University at Buffalo, published in the journal Social Work in Health Care. http://bit.ly/2jcexY3

MISSED A ROUNDUP? Get caught up here: http://politico.pro/1Vxuqrf

To view online:
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