New Chairman's healthcare experiences and relationship with Phillip Frost: In 1995, Fernandez moved into the Healthcare sector and co-founded Continucare, an outpatient service management company, with Phillip Frost. In 1997, George Soros, became the largest shareholder of Continucare owning 19.5% via the Soros Fund. In 1999, Fernandez returned to media. He became president and CEO of Big City Radio after its acquisition of Hispanic Media Holdings, a Spanish language online service provider founded by Fernandez and business partner Phillip Frost. Fernandez also served in various positions within IVAX, a generic drugmaker, founded by Phillip Frost, including Director and Chairman of the Audit Committee of the Board of Directors. https://en.wikipedia.org/wiki/Charles_M._Fernandez
Mr. Fernandez’s expertise in technology and healthcare includes co-founding Lakeview Health Systems (acquired by a private equity firm for approximately $70 million) and Continucare Corporation (acquired by Metropolitan Health Networks, Inc. for approximately $400 million) where he served as chairman, president and CEO (he cofounded with Phillip Frost). He also served as an investor, director, and Chairman of the Audit Committee of IVAX Corporation (founded by Phillip Frost) for nearly a decade prior to its purchase by Teva Pharmaceuticals for $8.7 billion. https://www.progressivecareus.com/post/progressive-care-enters-into-an-agreement-with-nextplat-for-significant-strategic-investment-and-debt-restructuring
Who is Phillip Frost? He is a long-time health care investor, inventor and founder, Phillip Frost now runs diagnostics-maker Opko Health. Dr. Frost has been the CEO and Chairman of OPKO since March 2007. Previously, Dr. Frost served at Teva Pharmaceutical Industries, Limited ("Teva") as both Chairman of the Board and Vice Chairman. Dr. Frost served as Chairman of the Board of Directors and CEO of IVAX Corporation from 1987 until its acquisition by Teva in January 2006. He also served as chairman for Key Pharmaceuticals, Ladenburg Thalmann Financial Services and was a director of Continucare Corporation and Castle Brands, Inc. He was also a Governor and Co-Vice-Chairman of the American Stock Exchange. https://en.wikipedia.org/wiki/Phillip_Frost https://www.opko.com/who-we-are/our-leadership/management-team
With such a distinguished healthcare entrepreneur and billionaire as his long time business partner, Charles Fernandez knows exactly what the future of Progressive Care will be. A whole new world is wide open to Progressive Care right now with Charles Fernandez as the Chairman. It's all about who you know, and ability to access huge funding. Progressive Care has fortunately obtained both.
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