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The move comes as the system recently acquired several hospitals.
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Jim Donnelly is best known for his health startups Hyper Restore Wellness and Humanaut Health. But he's played many roles in the business world since founding his first startup, which had him recovering golf balls from the snake and gator swamps of
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Windtree, in documents filed with the Securities and Exchange Commission, said it does not have sufficient cash to support its operations for the next year.
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Aclaris' deal completes a strategic review process the company initiated at the start of the year after experiencing setbacks with two new drug candidates.
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The Miramar company is eligible to receive milestone payments and royalties from future sales.
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The company will sell some operations and wind down part of its business.
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The company, which provides long-term residential care for those living with Alzheimer's and other forms of dementia, has been headquartered on East Kellogg for three decades.
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A UC Health center has received a million-dollar gift to develop a new nursing program its direction has billed a game changer.
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