Maryland

ASC X9 Enhances Standard for Electronic Exchange of Legal Orders, Increasing Efficiency and Accuracy

Tuesday, July 7, 2020 - 2:00pm

The Accredited Standards Committee X9 Inc. ( X9 ) has enhanced and expanded X9.129, "Electronic File Format Standards for Presentment and Remittance of Legal Orders."

Key Points: 
  • The Accredited Standards Committee X9 Inc. ( X9 ) has enhanced and expanded X9.129, "Electronic File Format Standards for Presentment and Remittance of Legal Orders."
  • This set of standards establishes the file sequences, record types and field formats to be used for the electronic bilateral exchange of legal orders specific to levies and assets.
  • In the current environment, banks receive legal orders through a variety of channels and in a variety of formats from federal, state and local government and legal entities.
  • It is accompanied by a technical report, TR 51, which formalizes an industry standard for exchange of legal orders using the X9.129 standard format and a compilation of industry norms.

Woodmont Lodging, Milestone Companies and Blue Vista Capital Management Announce Joint Venture Recapitalization of 388-Room, Full-Service Sheraton Milwaukee Brookfield Hotel

Tuesday, July 7, 2020 - 1:55pm

Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.

Key Points: 
  • Woodmont Lodging, a leading hotel company, Blue Vista Capital Management, a leading real estate investment firm, and Milestone Companies, a premier full-service real estate development company specializing in hotel assets, today announced the joint venture recapitalization of the 388-room Sheraton Milwaukee Brookfield Hotel in Wisconsin.
  • Woodmont Lodging and Milestone Hospitality will acquire a minority interest in the hotel and provide asset management services.
  • The Sheraton Milwaukee Brookfield Hotel benefits from its prime location in the reinvigorated Brookfield submarket, said Elliott Estes, principal, Woodmont Lodging.
  • The Sheraton Milwaukee Brookfield Hotel project marks the third hotel transaction completed by Woodmont Lodging, Milestone Companies and Blue Vista since 2018.

GreenGen Awarded U.S. Army Corps of Engineers MATOC

Tuesday, July 7, 2020 - 1:01pm

Green Generation ( GreenGen ), a global provider of energy efficiency solutions, announced today that it has been awarded a Indefinite Delivery/Indefinite Quantity (IDIQ) Energy Savings Performance Contracting (ESPC) Multiple Award Task Order Contract (MATOC) from the U.S. Army Corps of Engineers, Engineering and Support Center in Huntsville, Alabama.

Key Points: 
  • Green Generation ( GreenGen ), a global provider of energy efficiency solutions, announced today that it has been awarded a Indefinite Delivery/Indefinite Quantity (IDIQ) Energy Savings Performance Contracting (ESPC) Multiple Award Task Order Contract (MATOC) from the U.S. Army Corps of Engineers, Engineering and Support Center in Huntsville, Alabama.
  • GreenGen is looking forward to providing value to the Army Corps of Engineers, which we have been successfully doing in the commercial real estate industry for the last nine years, says Brad Dockser, chief executive officer of GreenGen.
  • We are proud that the Army Corps of Engineers is making a commitment to meet energy and sustainability goals, and the entire GreenGen team is honored to be part of this process.
  • By fronting capital costs, the contract allows the Army to prioritize projects that support readiness and focus on modernization and reform.

Fitch Ratings Affirms Sabra’s Credit Rating and Outlook

Tuesday, July 7, 2020 - 2:00pm

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at 'BBB-'; Fitch Ratings Outlook of Negative also remains unchanged.

Key Points: 
  • Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at 'BBB-'; Fitch Ratings Outlook of Negative also remains unchanged.
  • The report notes Sabra's headroom for leverage, portfolio quality and diversification, strong liquidity due to no near-term maturities, improving access to capital and average operator lease coverage as key drivers for its ratings decisions.
  • Commenting on the Fitch Ratings report, Rick Matros, CEO and Chairman, said, The COVID-19 pandemic has highlighted the importance of maintaining a high level of liquidity and a strong balance sheet.
  • Examples of forward-looking statements include all statements regarding our expectations regarding our ability to manage effectively during the COVID-19 pandemic.

iProov Provides Online Biometric Safeguarding for Intergenerational Mentoring Platform, bloomd

Tuesday, July 7, 2020 - 8:00am

Security - the integration of iProov biometric authentication will act as a virtual doorkeeper to reduce the risk of repeat trolling or fraudulent behavior, making bloomd safer and more authentic than other online forums.

Key Points: 
  • Security - the integration of iProov biometric authentication will act as a virtual doorkeeper to reduce the risk of repeat trolling or fraudulent behavior, making bloomd safer and more authentic than other online forums.
  • Andrew Bud, Founder and CEO, iProov said: The idea of an intergenerational digital community allowing knowledge-sharing and companionship is inspired.
  • Niccol Torrigiani, bloomd founder, said: iProov has been the ideal partner for bloomd from the very start.
  • Founded in 2011, iProov is the world leader in online facial biometric authentication, working with governments, banks and other enterprises to remotely verify customer identity.

Melwood Board Names Chief of Staff & General Counsel, Larysa Kautz, as Interim President & CEO

Tuesday, July 7, 2020 - 12:01am

She has already made important contributions to the success of Melwood during her tenure, including leading our AbilityOne public policy and advocacy efforts.

Key Points: 
  • She has already made important contributions to the success of Melwood during her tenure, including leading our AbilityOne public policy and advocacy efforts.
  • The Board is confident that she will successfully lead our organization during this time of transition, together with our newly elected Board Chair, Don Hathway," said Steve Martin, Chair of the Melwood Board of Directors.
  • "It's an honor to have Melwood's Board place its trust in me to lead our dedicated staff and volunteers during this transition.
  • Kautz will be leading the $110M nonprofit until the Board of Directors concludes the formal search process for a permanent President & CEO.

David N. Maine, M.D., Becomes President & CEO of Mercy Health Services

Monday, July 6, 2020 - 10:00pm

is the new President & CEO of Mercy Health Services (MHS), effective July 1st, 2020.

Key Points: 
  • is the new President & CEO of Mercy Health Services (MHS), effective July 1st, 2020.
  • In January 2020, the Mercy Health Services Board of Trustees named Dr. Maine as Mercy's future President & CEO following Thomas R. Mullen's decision to retire after 28 years of successful service.
  • Mercy Health Services is the parent of Mercy Medical Center , a university-affiliated hospital in Downtown Baltimore founded by the Sisters of Mercy in 1874.
  • "I am honored and humbled to be selected by the Board of Trustees to follow in Tom's footsteps as President & CEO of Mercy Health Services," Dr. David Maine said.

Sorting and secreting insulin by expiration date

Monday, July 6, 2020 - 9:21pm

When insulin circulates in the bloodstream, muscle and other cells absorb glucose to use it as fuel, and so blood sugar levels decline.

Key Points: 
  • When insulin circulates in the bloodstream, muscle and other cells absorb glucose to use it as fuel, and so blood sugar levels decline.
  • Treatment often requires painful and frequent insulin injections or the use of mechanical insulin pumps.
  • The researchers noted in their paper that existing therapies for diabetes increase insulin secretion without regard for insulin granule age.
  • Insulin is produced by -cells of the pancreas and stored in insulin granules, which are then organized into pools and finally secreted into the bloodstream.

Sinclair Names Steve Rosenberg President of Local Sports

Monday, July 6, 2020 - 9:15pm

HUNT VALLEY, Md., July 6, 2020 /PRNewswire/ --Sinclair Broadcast Group (NASDAQ: SBGI) today announced that it has appointed industry veteran and former Universal Studios executive Steve Rosenberg as president of local sports.

Key Points: 
  • HUNT VALLEY, Md., July 6, 2020 /PRNewswire/ --Sinclair Broadcast Group (NASDAQ: SBGI) today announced that it has appointed industry veteran and former Universal Studios executive Steve Rosenberg as president of local sports.
  • Rosenberg brings more than 30 years of industry experience to Sinclair, working at the intersection of television, entertainment and sports.
  • "I'm thrilled to be taking on this new role with Sinclair andfurther the company's presence in sports," said Rosenberg.
  • Rosenberg will be reporting to Rob Weisbord, president of broadcast and chief advertising revenue officer at Sinclair.

Coronavirus (COVID-19) Update: FDA Issued Emergency Use Authorization for Point of Care Antigen Test

Monday, July 6, 2020 - 7:03pm

SILVER SPRING, Md., July 6, 2020 /PRNewswire/ -- The U.S. Food and Drug Administration issued an Emergency Use Authorization (EUA) for a COVID-19 antigen diagnostic test, the BD (Becton Dickinson) Veritor System for Rapid Detection of SARS-CoV-2.

Key Points: 
  • SILVER SPRING, Md., July 6, 2020 /PRNewswire/ -- The U.S. Food and Drug Administration issued an Emergency Use Authorization (EUA) for a COVID-19 antigen diagnostic test, the BD (Becton Dickinson) Veritor System for Rapid Detection of SARS-CoV-2.
  • This is the second antigen test the FDA has authorized for the detection of SARS-CoV-2 antigens.
  • Emergency use of this test is limited to authorized laboratories using the BD Veritor Plus Analyzer Instrument.
  • Antigen tests play an important role in the overall response against COVID-19, including as a point-of-care test that can potentially scale up to test millions of Americans quickly," said FDA Commissioner Stephen M. Hahn, M.D.