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Sinclair to buy Fox Sports Florida

Sinclair Broadcast Group is buying 21 regional sports networks, including Fox Sports Florida, from Disney in a deal valued at $10.6 billion. Disney was forced to sell the regional channels because of antitrust laws following its earlier purchase of Fox’s entertainment assets for $71.3 billion. Fox Sport Florida broadcasts Tampa Bay Rays and Tampa Bay Buccaneers games.

Patel-backed Tampa medtech gets FDA OK

The U.S. Food & Drug Administration granted "Breakthrough Device Designation" to Concept Medical for MagicTouch, a drug-coated balloon catheter to open up the coronary arteries of the heart that have re-clogged following the placement of a stent. The device already is in use by patients worldwide, and the designation allows it be used in the United States, said Dr. Kiran Patel, chairman of the Tampa medtech company. Patel invested $60 million in Concept Medical earlier this year.

St. Petersburg City Council adopts Complete Streets Implementation Plan

The St. Petersburg City Council adopted the Complete Streets Implementation Plan Thursday after a two-year process of planning and community feedback. In spring of 2017, the City gathered public input via community surveys and four open houses. With a draft plan established, the City undertook the Dr. Martin Luther King Jr. St. pilot project. The City held a final public input meeting in late 2018, and brought the finalized Complete Streets plan to City Council in early 2019. The adoption passed the City Council 7-1. Read the full plan here. 

Raymond James advisor killed in Texas plane crash

Jeffrey Weiss, senior vice president of investments at Raymond James & Associates in Houston, was one of six people killed in a plane crash in Texas. The plane left West Houston Airport in Katy bound for the Kerrville Municipal Airport near San Antonio but crashed about 10 miles outside of the airport, Bisnow reported.  Weiss was the pilot and co-owner of the plane. An investigation into the cause of the crash is ongoing.

TIA gets 500+ signups for new access program

More than 500 people have signed up for Tampa International Airport's new All Access program. It's designed to give people who don't have plane tickets to get through security so they can eat or shop at one of the 70 new concessions at the airport. Up to 100 people every Saturday can get an an All Access airside pass by signing up here. There are a handful of spots left in May and June is filling up quickly, TIA said.

Credit agency upgrades Jabil

Moody's Investors Service upgraded Jabil Inc.'s senior unsecured debt rating to Baa3 from Ba1  and changed the outlook to stable from positive. The credit agency cited Jabil’s multi-year agreement with Johnson & Johnson, which should lead to more than $1 billion of incremental annual revenue when the medical device program is fully ramped. Moody’s said it is still concerned about Jabil’s high exposure to Apple Inc., but also expects that the company will continue to try to limit exposure to any one product or product set to no more than 5 percent of annual operating cash flow. Jabil (NYSE: JBL), an electronics manufacturing services firm, is the largest company headquartered in St. Petersburg.

Immertec wins Rise of the Rest $100,000 pitch prize

Erik Malteis, CEO of Immertec came out on top on Wednesday, winning the $100,000 Rise of the Rest prize. Immertec has created an evolutionary form of proprietary VR (virtual reality) technology for remote presence surgical training. They've created a fully immersive 3D experience – for the medtech industry called Medoptic Virtual Surgical Observation (VSO). For previous coverage of Immertec, click here. 

Pediatric hospital takes additional quality steps

Johns Hopkins All Children’s Hospital said federal regulator have offered the hospital a chance to enter a systems  improvement agreement in order to correct problems and avoid termination of participation in the Medicare program. The hospital also said in a note to employees that state regulators have requested a new plan of correction related specifically to infection control findings by early May. The hospital, which had a high number of deaths in its cardiology program, said “immediate jeopardy” status was lifted in February as a result of earlier corrective action plans.

Masonite names new CEO

Howard Heckes was named president and CEO of Masonite International Corp. effective June 3. Heckes currently is CEO of Energy Management Collaborative, a LED lighting firm, and he previously worked in senior operations roles at Valspar Corp. He succeeds Fred Lynch, who previously said he would retire from Masonite (NYSE: DOOR), a Tampa-based door manufacturer. 

Clearwater finance firm buys auto lender

Nicholas Financial Inc. (Nasdaq: NICK) acquired substantially all of the assets of ML Credit Group LLC, which does business as Metrolina Credit Company.  Metrolina provides automobile financing to consumers by direct loans and through purchases of retail installment sales contracts originated by automobile dealers in North Carolina and South Carolina. Nicholas, a specialized consumer finance company in Clearwater, didn't disclose a purchase price.  

Reuben Pressman named Entrepreneur in Residence for City

In this two year pilot program, Pressman, the Founder of Presence, will act as liaison between the City and the entrepreneurial community.  Click here for more from the City's website. 

St. Pete software company partners with Microsoft

Ident-A-Kid has become a Microsoft Authorized Education Partner. To earn a Microsoft AEP authorization, partners must complete a test to prove their level of academic licensing and market expertise, a news release said. Ident-A-Kid, based in St. Petersburg, provides visitor management systems to K-12 schools nationwide, with a system that allows schools to perform sexual offender checks before visitors sign-in, track student tardies and early releases, volunteer hours and generate reports of all traffic within schools. 

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

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