International joint venture

Medical Properties Trust, Inc. Reports First Quarter Results

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목요일, 5월 9, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, International joint venture, Sale, International, Prospect, Hospital, CommonSpirit Health, Medical Properties Trust, Bed, Bankruptcy, MPT, Webcast, IRF, Growth, FFO, IMED, Regulation Fair Disclosure, Health system, Patient, DIP, Regulation, MPW, GOLD, Telephone, Disclosure

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2024, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2024, as well as certain events occurring subsequent to quarter end.
  • Medical Properties Trust has total assets of approximately $17.4 billion, including $11.3 billion of general acute facilities, $2.4 billion of behavioral health facilities and $1.7 billion of post-acute facilities.
  • During the first quarter of 2024, Prospect paid cash rent and interest of $7 million to MPT.
  • The Company has scheduled a conference call and webcast for May 9, 2024 at 11:00 a.m. Eastern Time to present the Company’s financial and operating results for the quarter ended March 31, 2024.

Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results

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수요일, 2월 21, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, MPT, Hospital, Running, Circle Health, Investment, MPW, Steward Health Care System, International joint venture, Table, Growth, Bed, Sale, Exercise, Disclosure, Tenant, Medi-Cal, Patient, St. Francis, Priory Group, NFFO, Medical Properties Trust, Commercial property

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.
  • Medical Properties Trust has total assets of approximately $18.3 billion, including $12.0 billion of general acute facilities, $2.6 billion of behavioral health facilities and $1.7 billion of post-acute facilities.
  • Net loss for the quarter ended December 31, 2023 included several non-recurring write-offs and impairments detailed in the tables below.
  • These adjustments as they relate to fourth quarter and full-year 2023, as well as prior-year reporting, are included in this release and in the earnings supplemental.

Ocean Biomedical (NASDAQ: OCEA) Announces Positive Preclinical Oncology Data for VRON-0300, Presented at SITC 2023 Annual Meeting, and Clinical Updates by 50/50 Joint Venture Partner Virion Therapeutics

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화요일, 11월 14, 2023
Yale University, Lung, Canadian Tire money, Brain, Research, AstraZeneca, Therapy, Joint venture, IND, Non-small-cell lung cancer, Disease, Clinical trial, Osimertinib, Patient, HBV, International joint venture, Immunotherapy, Animal, Neoplasm, TKI, Lung cancer, MD, Person, Infection, NSCLC, Human, SITC, BioRxiv, Malaria, Society, EGFR, Brown University Graduate School, Fibrosis, Pharmaceutical industry, Vaccine, CHI3L1, Cancer, Ocean, Virus

These new data demonstrate complete and highly reproducible tumor clearance, and protection upon tumor rechallenge, months after animals cleared their initial tumors.

Key Points: 
  • These new data demonstrate complete and highly reproducible tumor clearance, and protection upon tumor rechallenge, months after animals cleared their initial tumors.
  • VRON-0300 IND-enabling activities are underway, with the goal of filing its first IND within the next 9 months.
  • Virion Therapeutics is developing novel immunotherapies that utilize proprietary genetically encoded checkpoint modifiers (CPMs) to enhance and broaden CD8+ T cells responses.
  • Preclinical studies using CPMs have shown consistent and extraordinary immune responses and clinical activity in different diseases.

Marathon Asset Management Provides Creative Capital Solution to Support Bridger Aerospace’s Growth

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수요일, 11월 22, 2023
Banking, Asset Management, Professional Services, Finance, Aircraft, International joint venture, Acquisition, Government of Spain, Wildfire, DNA, Joint venture, Joint, Investment, European, Marathon Asset Management, Canadair, Transport, Partnership, Aviation, Corporate credit union, Airline

Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.

Key Points: 
  • Bridger Aerospace Group Holdings, Inc. (“Bridger” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.
  • “Marathon is excited to support Bridger Aerospace’s expansion to the European Union with our transformative transaction.
  • We have continued to strengthen our relationship with Bridger’s management team, and we are excited to have designed a creative capital solution that enabled Bridger to complete the Spanish Scooper transaction.
  • This result demonstrates Marathon’s ability to move quickly and deploy our flexible capital across the broader landscape of corporate credit.

Quilvest Capital Partners and Axis IOS Launch $500m Joint Venture For Industrial Outdoor Storage Strategy and Complete First Acquisition

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목요일, 12월 7, 2023
International joint venture, Acquisition, Joint venture, Real estate, Consumer, Partnership, IOS, Transport, Financial services, Axis

ATLANTA, Dec. 7, 2023 /PRNewswire/ -- Quilvest Capital Partners ("Quilvest"), a global private investment firm, and Axis IOS ("Axis"), a real estate investment platform headquartered in Atlanta, have launched a joint venture (the "Joint Venture") to acquire and operate an approximately $500 million portfolio of Industrial Outdoor Storage ("IOS") properties across the United States.

Key Points: 
  • ATLANTA, Dec. 7, 2023 /PRNewswire/ -- Quilvest Capital Partners ("Quilvest"), a global private investment firm, and Axis IOS ("Axis"), a real estate investment platform headquartered in Atlanta, have launched a joint venture (the "Joint Venture") to acquire and operate an approximately $500 million portfolio of Industrial Outdoor Storage ("IOS") properties across the United States.
  • The Joint Venture's IOS strategy will be to aggregate and operate a portfolio of industrial outdoor storage properties across the US.
  • Barry Hammerman, Partner and Co-head of Real Estate at Quilvest, said:
    "We began investing in IOS in 2021 and are delighted to expand our portfolio in partnership with Axis.
  • Crawford Arnold, Partner and Founder of Axis, commented:
    "With our exclusive focus on the industrial outdoor storage sector combined with our team's significant real estate experience, we are excited to form a partnership with Quilvest to execute in this high-potential sector."

Eagle Materials Reports Record Second Quarter Results With 15% EPS Growth

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목요일, 10월 26, 2023
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Energy, Chemicals, Plastics, Building Systems, Manufacturing, Energy, Other Construction & Property, Residential Building & Real Estate, Adjustment, EXP, NYSE, Eagle Materials, Housing, Paperboard, International joint venture, Acquisition, Joint venture, EPS, Drywall, Joint, Concrete, Redwood Materials, Inc., Fed, MSF, Building material, Stockton Terminal and Eastern Railroad, Bookkeeping, Cement

We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.

Key Points: 
  • We generated record revenue of $622 million and record EPS of $4.26, and we expanded gross margins by 150 bps to 33.6%.
  • Cement revenue for the quarter, including Joint Venture and intersegment revenue, was up 13% to $360.8 million, and operating earnings were a record $121.4 million, up 23%.
  • Second quarter operating earnings declined 36% to $4.6 million, primarily reflecting lower Concrete sales volume and higher cost of materials.
  • In addition, for segment reporting purposes, we report intersegment revenue as a part of a segment’s total revenue.

CoTec Completes Conversion of £2M Mkango Loan Note to Increase Equity Position in Maginito from 10 Per Cent to 20.6 Per Cent

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월요일, 10월 2, 2023
Hydrogen, Magnet, International joint venture, Feasibility study, University, Innovation system, MKA, Research, Recycling, Carbon, Electronic waste, Government, Joint venture, CTH, HPMS, Privacy and the US government, Fair Use Project, Security (finance), Rare-earth element

As a result of the conversion, CoTec’s equity position in Maginito has increased from 10 per cent to 20.6 per cent.

Key Points: 
  • As a result of the conversion, CoTec’s equity position in Maginito has increased from 10 per cent to 20.6 per cent.
  • In February 2023, CoTec and Maginito entered into a co-operation agreement in relation to rare earth element (“REE”) opportunities in the United States.
  • CoTec and Mkango also expect that the Joint Venture will seek US government funding for the US Project.
  • Julian Treger, CoTec CEO commented: “With the Maginito conversion completed our focus will be the operational roll out of the HyProMag technology in the United States.

Extendicare Announces Closing of Transaction with Axium

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수요일, 9월 13, 2023
International joint venture, Partnership, Bed, LTC, Long-term care, Tax, Joint venture, Sale, JV, Extendicare, TSX, Growth, Life insurance, Revera

MARKHAM, Ontario, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that, effective September 13, 2023, it has completed the previously announced transaction with a fund managed by Axium Infrastructure Inc. and its affiliates (“Axium”) to form a limited partnership joint venture, Axium Extendicare LTC LP (the “Joint Venture”), to redevelop certain of Extendicare’s Class C long-term care (“LTC”) homes, in which Extendicare will retain a 15% managed interest.

Key Points: 
  • MARKHAM, Ontario, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that, effective September 13, 2023, it has completed the previously announced transaction with a fund managed by Axium Infrastructure Inc. and its affiliates (“Axium”) to form a limited partnership joint venture, Axium Extendicare LTC LP (the “Joint Venture”), to redevelop certain of Extendicare’s Class C long-term care (“LTC”) homes, in which Extendicare will retain a 15% managed interest.
  • “The closing of the Axium transaction, coupled with the recent closing of the Revera transaction, marks a significant milestone in Extendicare’s strategic repositioning to a less capital-intensive, higher margin business model to drive growth in our long-term care and home health care segments,” said President and CEO, Dr. Michael Guerriere.
  • “The need to replace aging long-term care infrastructure is a serious issue for the health sector.
  • Our partnership with Axium positions us to build more homes faster, while continuing to advance our mission to provide high-quality care for seniors across Canada,” added Dr. Guerriere.

Appia Signs Definitive Agreement to Acquire up to a 70% Interest in Ionic Clay Project, Brazil

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금요일, 6월 9, 2023
Niobium, International joint venture, LTDA, REE, CSE, Failure, Interest, Canadian Securities Exchange, Goiás, API, NSR, FSE, Tropical climate, Joint venture, PCH, The Company, Fission Uranium Corp., National instrument, Transaction, Perfection, National Instrument 43-101, Rare-earth element, News, Economics, Security (finance), Property, Appia

"Brazil is emerging as a significant source of rare earths contained in ionic clays, and Appia's PCH project will further enhance this potential.

Key Points: 
  • "Brazil is emerging as a significant source of rare earths contained in ionic clays, and Appia's PCH project will further enhance this potential.
  • Appia will acquire incremental vested interests in the Company upon completion of specific expenditure requirements pursuant to the terms of the Definitive Agreement.
  • The Quotaholders Agreement will act as a unanimous shareholders agreement and a joint venture agreement with respect to the further exploration and development of the Property.
  • Thereafter, Appia shall hold the Earned Interest in the Company and Antonio shall hold 100% minus the Earned Interest in the Company.

Eagle Materials Reports Record First Quarter Results With 24% EPS Growth

Retrieved on: 
목요일, 7월 27, 2023
Other Energy, Commercial Building & Real Estate, Construction & Property, Energy, Chemicals, Plastics, Other Construction & Property, Manufacturing, Residential Building & Real Estate, International joint venture, Eagle Materials, Maintenance, Paperboard, EXP, Drywall, Cement, Unless, Eagle, Joint venture, Acquisition, Concrete, MSF, EPS, Joint, Adjustment, Redwood Materials, Inc., NYSE, Textile, Bank, Bookkeeping, Airline, Aggregate

Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2024 ended June 30, 2023. Notable items for the quarter are highlighted below.

Key Points: 
  • Eagle Materials Inc. (NYSE: EXP) today reported financial results for the first quarter of fiscal 2024 ended June 30, 2023. Notable items for the quarter are highlighted below.
  • During the quarter, we reached an important milestone in the production of Portland Limestone Cement, surpassing 50% across our system.
  • We completed the acquisition of a cement import terminal in northern California that further strengthens our competitive position in that market.
  • Residential construction activity remains resilient as the market balances interest rate-related affordability challenges with chronic supply shortages and strong demand.