Latest news with #Avista
Yahoo
3 hours ago
- Business
- Yahoo
Avista Healthcare Partners Acquires EBI from Highridge Medical, Marking 50th Platform Investment
NEW YORK, June 4, 2025 /PRNewswire/ -- Avista Healthcare Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced its acquisition of EBI, the bone healing division of Highridge Medical ("EBI" or the "Company"). The acquisition marks the 50th platform healthcare investment for Avista and its founding members – underscoring the firm's long-standing commitment to building category-leading healthcare businesses. With a long track record of backing healthcare product and technology businesses and scaling them globally, Avista brings deep operational expertise and a differentiated ability to execute complex corporate carve-outs. Headquartered in Parsippany, NJ, EBI is the pioneer of electrobiology innovations and has been leading the industry for over four decades with the largest portfolio of clinically proven, safe and effective implantable and non-invasive bone growth stimulation solutions to support bone regeneration and healing outcomes. EBI has the broadest bone growth stimulation technology and product portfolio and is the first and only company with both implantable and non-invasive, PMA-approved bone growth stimulation solutions to promote spinal fusion and fracture nonunion healing outcomes. Kevin Kenny, an Avista Strategic Executive, joined EBI as Chief Executive Officer at closing. Kevin brings extensive experience in the medical device sector, having most recently served as President of the Global Spine segment at Orthofix Medical, where he led the global spinal implants, motion preservation, bone growth therapies, and biologics businesses. "I am thrilled to be a part of EBI's next chapter as a standalone company. I am confident in EBI's ability to advance its leadership in bone healing technologies, driven by strategic initiatives and a relentless commitment to excellence. Our focus is clear as we position EBI as the most innovative leader in bone healing science — delivering solutions that improve patient outcomes," said Kevin Kenny. Vincent Binetti, EBI's Chief Operating Officer said, "This transaction marks an important milestone in the EBI journey. We have come to know Kevin and the Avista team over the last several months and are excited about the numerous opportunities ahead of us as a standalone entity." "EBI represents an attractive opportunity to acquire a leader in the bone stimulation category," said Garrett Lustig, Principal at Avista. "Given our track record of successful corporate carve-out transactions, we believe we are well-positioned to support EBI's growth initiatives. We look forward to working with Kevin and the EBI team to unlock the company's full potential and execute on many compelling opportunities." Ropes & Gray LLP acted as legal advisor to Avista. About Avista Healthcare Partners Founded in 2005, Avista Healthcare Partners is a leading New York-based private equity firm with over $9 billion invested in 50 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows and robust growth prospects – targeting healthcare product and technology businesses with clear scale potential across six sub-sectors experiencing strong tailwinds. The team is supported by a group of seasoned Strategic Executives enhancing the entire investment process through strategic insight, long-term value and sustainable businesses. For more information, visit or follow Avista on LinkedIn. About EBI For over 45 years, EBI has been at the forefront of electrobiology innovations, offering the largest and most robust portfolio of clinically proven implantable and non-invasive bone growth stimulation solutions. As now the only pure-play bone growth stimulation company, EBI provides unique technologies and products that specifically target the challenges faced with nonhealing fractures and high-risk spinal fusion patients. Since its pioneering product launch in 1979, EBI has been leading in the industry in bone growth stimulation innovation. For more information, visit For media inquiries, please contact:Daniel Yunger / William HallidayKekst / / 917.842.2709 View original content: SOURCE Avista Healthcare Partners
Yahoo
14 hours ago
- Climate
- Yahoo
Avista launches safety mode as conditions move toward fire season
Jun. 3—Avista Utilities announced on Tuesday that with the onset of summer-like conditions and increasing wildfire danger in the region, it has moved to what it calls "Fire Safety Mode," which will lead to temporary changes to its power line operations. The utility has done this for two decades, but it has renewed importance following the devastating Gray and Oregon Road fires, which destroyed a combined 366 homes and 710 structures on August 18, 2023. Together, those blazes were the most destructive in state history. "Wildfire preparedness is not just a seasonal effort — it's a year-round responsibility," Avista CEO Heather Rosentrater said in a news release. "We've invested in infrastructure, technology, and operational practices that help us respond to changing conditions and protect the communities we serve. Our focus on safety is foundational to all we do." Since launching what it calls its Wildfire Resiliency Plan in 2020, Avista has replaced wooden transmission poles with steel, and crews have installed fire-retardant mesh at pole bases and upgraded wooden crossarms to fiberglass. In other areas, crews will be converting overhead power lines to underground wires to further reduce the risk to damage from fire and to limit outages caused by tree limbs falling into the lines, according to the release. Following the Gray and Oregon Road fires, Avista for the first time announced that it could implement a Public Safety Power Shutoff, which is a targeted-manual power outage if an area of the infrastructure is under severe risk of fire. For that possibility, the utility continually needs updated information from some customers. It asks customers to make sure Avista has correct contact information so they can reach out to them during emergencies. It also wants to know whether anyone in the home has medical devices that rely on electricity. That information will be added to a list of customers who would receive extra notifications in case of an extended outage. All other customers are urged to keep emergency supplies together in one place, such as flashlights, portable charges and a few days' food for residents and their pets.
Yahoo
18 hours ago
- Business
- Yahoo
Avista enacts temporary change to power line operations for summer
Fire Safety mode increases power line sensitivity ahead of the 2025 wildfire season. SPOKANE, Wash., June 03, 2025 (GLOBE NEWSWIRE) -- In response to dry summer conditions and increasing wildfire danger in the region, Avista is applying temporary changes to power line operations in its Washington and Idaho service areas. Avista has implemented this operational change, now called Fire Safety Mode, for over 20 years. A key part of Avista's wildfire strategy is its use of Fire Safety Mode, which adjusts how the system responds to faults during high-risk weather. Unlike normal operations, where lines may attempt to re-energize automatically, Fire Safety Mode keeps lines de-energized until crews confirm it is safe to restore power. While this may extend outage times, it significantly reduces the risk of ignition. 'Wildfire preparedness is not just a seasonal effort—it's a year-round responsibility,' said Heather Rosentrater, CEO of Avista. 'We've invested in infrastructure, technology, and operational practices that help us respond to changing conditions and protect the communities we serve. Our focus on safety is foundational to all we do.' Since launching its Wildfire Resiliency Plan in 2020, Avista has completed numerous grid-hardening projects in high-risk areas. These include replacing wooden transmission poles with steel, installing fire-retardant mesh at pole bases, and upgrading wooden crossarms to fiberglass. In certain areas, Avista will be converting its overhead power lines to underground service to further reduce the risk of wildfire. The company has also expanded vegetation management to reduce the risk of trees contacting power lines. In the most extreme conditions, Avista may implement a Public Safety Power Shutoff (PSPS), a targeted, temporary outage in areas facing severe wildfire risk. PSPS is a last-resort measure, used only when weather conditions such as high winds and low humidity create a heightened threat. Avista crews patrol affected lines before restoring power, and Community Resource Centers may be activated to support customers during extended outages. What customers can do: Make sure your information is up to date with Avista. Avista wants to be able to reach customers about potential outages. Visit to update account information or call customer service at (800) 227-9187. Let Avista know if there are medical devices that rely on electricity. Customer information will be added to a list of customers who receive extra notifications in case of an extended outage. Learn more at Be prepared for outages. Customers should keep emergency supplies together in one place, like flashlights and backup portable chargers. There should be a few days' supply of shelf-stable food and water for all people and pets in your home. Learn more at to create a to-do list in case of an outage. For more information about Avista's wildfire preparedness and PSPS plans, visit About Avista UtilitiesAvista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 422,000 customers and natural gas to 383,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation. To unsubscribe from Avista's news release distribution, send reply message to Contact:Media: David Vowels, 24/7 Media Access (509) 495-4174Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Avista issues all-source request for proposals for new energy and capacity resources along with Demand Response
Energy solutions sought to add capacity to Avista's portfolio SPOKANE, Wash., May 30, 2025 (GLOBE NEWSWIRE) -- Avista, through a request for proposal (RFP), is seeking proposals from bidders to add energy and capacity including distributed energy resources, to meet projected resource needs. In addition, Avista is seeking to add a Demand Response program to its portfolio to assist in addressing peak demand. The all-source RFP seeks resources to meet capacity needs for both Washington and Idaho up to 415 MW for winter and 425 MW for summer. As part of this RFP, Avista may bid repowering and/or self-build resources into the RFP. Avista is utilizing an Independent Evaluator for this RFP. Avista's 2025 Electric Integrated Resource Plan filed on December 31, 2024, reflects a need for new electric resources to meet growing customer demand for energy and clean energy requirements of the Clean Energy Transformation Act (CETA) to deliver carbon-neutral electric supply for Washington customers by 2030. 'This RFP represents Avista's efforts to meet its growing customer demand for energy in its service territory while also seeking resources that are clean, affordable and reliable. Avista is dedicated to partnering with innovative providers to deliver resilient energy solutions that support our customers and their evolving energy use.' said Scott Kinney, Avista's Vice President of Energy Resources & Integrated Planning. 'We're proud of our long-standing history of providing reliable power, and these additional resources will help ensure we continue to do so for years to come.' The RFP is open to parties who currently own, propose to develop, or hold rights to resources meeting Avista's requirements for energy and capacity. Bidders must also demonstrate an ability to meet the minimum requirements for eligibility as listed in the RFP. Avista will consider hybrid proposals including combinations of clean energy, capacity and/or storage. Avista will not accept proposals for Renewable Energy Certificates (REC) only. In addition, Avista seeks to acquire at least 5 MW of Demand Response (DR) beginning in 2026. DR programs provide a cost-effective solution to meeting energy demand at peak times and will be evaluated along with supply side resources. RFP responses are due by June 30, 2025. The RFP and bid instructions are available on the Avista website at: About Avista UtilitiesAvista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 422,000 customers and natural gas to 383,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit To unsubscribe from Avista's news release distribution, send reply message to Contact: Media: Jared Webley, 24/7 Media Access (509) 495-4174
Yahoo
5 days ago
- Business
- Yahoo
Avista issues all-source request for proposals for new energy and capacity resources along with Demand Response
Energy solutions sought to add capacity to Avista's portfolio SPOKANE, Wash., May 30, 2025 (GLOBE NEWSWIRE) -- Avista, through a request for proposal (RFP), is seeking proposals from bidders to add energy and capacity including distributed energy resources, to meet projected resource needs. In addition, Avista is seeking to add a Demand Response program to its portfolio to assist in addressing peak demand. The all-source RFP seeks resources to meet capacity needs for both Washington and Idaho up to 415 MW for winter and 425 MW for summer. As part of this RFP, Avista may bid repowering and/or self-build resources into the RFP. Avista is utilizing an Independent Evaluator for this RFP. Avista's 2025 Electric Integrated Resource Plan filed on December 31, 2024, reflects a need for new electric resources to meet growing customer demand for energy and clean energy requirements of the Clean Energy Transformation Act (CETA) to deliver carbon-neutral electric supply for Washington customers by 2030. 'This RFP represents Avista's efforts to meet its growing customer demand for energy in its service territory while also seeking resources that are clean, affordable and reliable. Avista is dedicated to partnering with innovative providers to deliver resilient energy solutions that support our customers and their evolving energy use.' said Scott Kinney, Avista's Vice President of Energy Resources & Integrated Planning. 'We're proud of our long-standing history of providing reliable power, and these additional resources will help ensure we continue to do so for years to come.' The RFP is open to parties who currently own, propose to develop, or hold rights to resources meeting Avista's requirements for energy and capacity. Bidders must also demonstrate an ability to meet the minimum requirements for eligibility as listed in the RFP. Avista will consider hybrid proposals including combinations of clean energy, capacity and/or storage. Avista will not accept proposals for Renewable Energy Certificates (REC) only. In addition, Avista seeks to acquire at least 5 MW of Demand Response (DR) beginning in 2026. DR programs provide a cost-effective solution to meeting energy demand at peak times and will be evaluated along with supply side resources. RFP responses are due by June 30, 2025. The RFP and bid instructions are available on the Avista website at: About Avista UtilitiesAvista Utilities is involved in the production, transmission and distribution of energy. We provide energy services and electricity to 422,000 customers and natural gas to 383,000 customers in a service territory that covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Avista Utilities is an operating division of Avista Corp. (NYSE: AVA). For more information, please visit To unsubscribe from Avista's news release distribution, send reply message to Contact: Media: Jared Webley, 24/7 Media Access (509) 495-4174Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
