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  "documentTitle": "Progyny, Inc. (PGNY)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2023-02-07 00:00:00",
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  "notes": "The slide uses a table to demonstrate the 'WebMD-ification' of the PGNY leadership team.",
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      "kind": "callout",
      "text": "The fertility technology that once constituted part of PGNY was divested in early 2018, and the vast majority of senior management came from internet advertising company WebMD.",
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      "kind": "paragraph",
      "text": "PGNY was created from the March 2015 merger of Auxogyn... Following Bartasi's departure, PGNY hired a number of executives who previously worked at WebMD, an online healthcare content company that generated revenue from advertising (lead generation).",
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      "kind": "source-note",
      "text": "Source: NYPost, PGNY IPO prospectus, PGNY proxy, LinkedIn bios for David Schlanger, Peter Anevski, Mark Livingston, Risa Fisher, Lisa Greenbaum, Roger Holstein, WebMD 2014 proxy",
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      "text": "The WebMD Team Comes to PGNY",
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      "kind": "title",
      "text": "The PGNY Origin Story And Management Evolution Raises Questions",
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      "arcName": "Overcoming the Monster",
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