Hospital of the future | Signs of life for IPOs | SCOTUS strikes down affirmative action

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The hospital of the future?

In May, 40-year-old Tara Southard took a bus to the emergency department at Brigham and Women's Hospital to treat an abscess on her abdominal wall. But rather than staying in a hospital bed, she was sent back home to her apartment in Roxbury.

That's because Southard opted into Mass General Brigham Home Hospital program, which provides inpatient, hospital-level care in the comfort of people's homes.

Home Hospital first launched at MGB in 2016 with two separate pilot programs out of Brigham and Massachusetts General Hospital . When the pandemic hit in 2020, the MGB system began scaling up the program, taking advantage of technological advancements, increased flexibility in financial and regulatory frameworks, and a desire from patients to reconsider traditional care delivery, said Dr. Stephen Dorner, chief clinical and innovation officer for MGB Healthcare at Home.

Over the next five years, MGB expects to shift 10% of its inpatient care at Brigham, MGH, Newton-Wellesley Hospital , Salem Hospital and Brigham and Women’s Faulkner Hospital to patients' homes.

The Boston Business Journal recently got an inside look at how the program works during a ride-along to the homes of two patients.??

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Here's what else happened this week

Affirmative action ruling will ripple out beyond schools

Thursday's U.S. Supreme Court ruling overturning affirmative action in college admissions is expected to have implications beyond higher education, according to experts and business groups.

Employers generally cannot consider race in their hiring practices, but those filling positions for white-collar jobs draw much of their workforce pipeline from colleges that may now have less racial diversity.? Get the details here.?

And read more about the historic decision, which involved Cambridge’s Harvard University.?

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Guess which bank is behind most local branch closures??

There have been 46 applications for bank branch closures in Massachusetts since the start of the year—and 33 are from Santander . Here’s what’s going on.

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Office market woes

In 2020, Alexandria Real Estate Equities, Inc. acquired a three-building office complex in Newton for $235 million, with an eye toward converting it into lab space. But economic uncertainty and the deteriorated office market led to a change in plans. This week, Alexandria sold 510,000-square-foot Riverside Center to MassMutual subsidiary Greatland Realty Partners for? $117.5 million, less than half of what it paid.

Get the details.

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Signs of life in the IPO market

After the first half of the year saw almost zero movement in IPOs, things are picking up. Earlier this month, Needham Bank filed notice of its intent to go public. This week, the first biotech to make moves toward an offering was revealed. Although less than one year old, Apogee Therapeutics made public its plan to list on the Nasdaq.?

Read more

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