LTC

London Technology Club founder enjoys successful exit with Channel Mechanics acquisition

Retrieved on: 
Friday, March 15, 2024
Mechanics, Growth, IG Group, Kirill Tatarinov, Executive, Knowledge, Sale, Acquisition, ITRS, RRC, PRM, Acronis, Aberdeen Asset Management, Ingram Micro, Investment, Reflektion, Former, Formula One, LTC, Microsoft Dynamics, VCS, Artificial intelligence, Konstantin

LONDON, March 15, 2024 /PRNewswire/ --The London Technology Club (LTC), the leading international platform for investment opportunities for club members and family offices in the technology sector, announces a successful exit for its founder and CEO Konstantin Sidorov and some members from the sale of the leading Partner Relationship Management (PRM) company Channel Mechanics to Allbound.

Key Points: 
  • LONDON, March 15, 2024 /PRNewswire/ --The London Technology Club (LTC), the leading international platform for investment opportunities for club members and family offices in the technology sector, announces a successful exit for its founder and CEO Konstantin Sidorov and some members from the sale of the leading Partner Relationship Management (PRM) company Channel Mechanics to Allbound.
  • The acquisition of Galway-based Channel Mechanics to Allbound creates the industry's most comprehensive PRM platform with more than 1.1 million registered opportunities totalling more than $140 billion of sales through partnerships on the combined platforms.
  • The deal between Channel Mechanics and Allbound is another sign that the outlook for the market is much more positive and the opportunity for technology investing is now".
  • The LTC, grown as a community of over 120 club members, VCs, technology experts and institutional investors.

London Technology Club founder enjoys successful exit with Channel Mechanics acquisition

Retrieved on: 
Friday, March 15, 2024
Mechanics, Growth, IG Group, Kirill Tatarinov, Executive, Knowledge, Sale, Acquisition, ITRS, RRC, PRM, Acronis, Aberdeen Asset Management, Ingram Micro, Investment, Reflektion, Former, Formula One, LTC, Microsoft Dynamics, VCS, Artificial intelligence, Konstantin

LONDON, March 15, 2024 /PRNewswire/ --The London Technology Club (LTC), the leading international platform for investment opportunities for club members and family offices in the technology sector, announces a successful exit for its founder and CEO Konstantin Sidorov and some members from the sale of the leading Partner Relationship Management (PRM) company Channel Mechanics to Allbound.

Key Points: 
  • LONDON, March 15, 2024 /PRNewswire/ --The London Technology Club (LTC), the leading international platform for investment opportunities for club members and family offices in the technology sector, announces a successful exit for its founder and CEO Konstantin Sidorov and some members from the sale of the leading Partner Relationship Management (PRM) company Channel Mechanics to Allbound.
  • The acquisition of Galway-based Channel Mechanics to Allbound creates the industry's most comprehensive PRM platform with more than 1.1 million registered opportunities totalling more than $140 billion of sales through partnerships on the combined platforms.
  • The deal between Channel Mechanics and Allbound is another sign that the outlook for the market is much more positive and the opportunity for technology investing is now".
  • The LTC, grown as a community of over 120 club members, VCs, technology experts and institutional investors.

Continuing Care Risk Retention Group: Celebrating Our 20th Year!

Retrieved on: 
Thursday, March 14, 2024
COVID, Risk management, ROSA, Partnership, Insurance, Risk, Nursing, Magnolia, Knowledge, Live, RRG, LTC, Multimedia, Health insurance

SANTA ROSA, Calif., March 14, 2024 /PRNewswire/ -- Continuing Care Risk Retention Group and Magnolia LTC Management Services Celebrate 20 Years of Meeting the Insurance Needs of the long term care Industry.

Key Points: 
  • Continuing Care Risk Retention Group (Continuing Care RRG) and Magnolia LTC Management Services are celebrating a milestone anniversary.
  • SANTA ROSA, Calif., March 14, 2024 /PRNewswire/ -- Continuing Care Risk Retention Group and Magnolia LTC Management Services Celebrate 20 Years of Meeting the Insurance Needs of the long term care Industry.
  • This year marks a significant milestone for Continuing Care Risk Retention Group and Magnolia LTC Management Services as they celebrate their 20th anniversary.
  • Continuing Care RRG was established to meet the unique insurance needs of the LTC industry, including nursing homes, assisted living facilities, and residential care facilities.

Extendicare Announces 2023 Fourth Quarter and Year End Results

Retrieved on: 
Friday, March 8, 2024
Acquisition, ADV, TSX, Growth, Bed, Sale, LTC, Letter, NOI, Long-term care, COVID-19, JV, COVID, Extendicare, SGP, Depreciation, Partnership

MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.

Key Points: 
  • MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.
  • Beds under management through Extendicare Assist grew 64.2% to 9,783 from Q4 2022 driven by the Revera and Axium transactions.
  • “Our strong fourth quarter is the result of the strategic initiatives we have undertaken to reposition Extendicare for growth and value creation,” said Dr. Michael Guerriere, President and Chief Executive Officer.
  • In November 2023, Axium Extendicare LTC II LP (“Axium JV II”) acquired a new 320-bed LTC redevelopment project in Ottawa from Revera.

OTC Markets Group Upgrades Three Grayscale Products to OTCQX

Retrieved on: 
Thursday, March 7, 2024
Livepeer, Bitcoin, Bitcoin Cash, Decentraland, Ethereum, Ethereum Classic, ZEN, Litecoin, Stellar, Basic Attention Token, BAT, LINK, LPT, ZEC, FIL, BCH, LTC, ETH, MANA, ETC, OTCQX, XLM, SOL, Research, Decentralized finance, Grayscale, Cryptocurrency

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Grayscale Chainlink Trust (LINK) (OTCQX: GLNK), Grayscale Livepeer Trust (LPT) (OTCQX: GLIV) and Grayscale Solana Trust (SOL) (OTCQX:GSOL), have qualified to trade on the OTCQX® Best Market.

Key Points: 
  • NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Grayscale Chainlink Trust (LINK) (OTCQX: GLNK), Grayscale Livepeer Trust (LPT) (OTCQX: GLIV) and Grayscale Solana Trust (SOL) (OTCQX:GSOL), have qualified to trade on the OTCQX® Best Market.
  • Grayscale Chainlink Trust (LINK), Grayscale Livepeer Trust (LPT) and Grayscale Solana Trust (SOL) begin trading today on OTCQX under the symbols “GLNK, GLIV, and GSOL” respectively.
  • These three products will join nine other Grayscale products currently trading on OTCQX: Grayscale Bitcoin Cash Trust (BCH), Grayscale Decentraland Trust (MANA), Grayscale Digital Large Cap Fund LLC, Grayscale Ethereum Trust (ETH), Grayscale Ethereum Classic Trust (ETC), Grayscale Horizen Trust (ZEN), Grayscale Litecoin Trust (LTC), Grayscale Stellar Lumens Trust (XLM), and Grayscale Zcash Trust (ZEC).
  • To round out a total of fifteen Grayscale products on the OTC Markets, Grayscale Basic Attention Token Trust (BAT), Grayscale Decentralized Finance (DeFi) Fund LLC, and Grayscale Filecoin Trust (FIL) trade on the OTCQB Market.

Time Running Out on Looming Seniors’ Housing Crisis: AdvantAge Ontario

Retrieved on: 
Sunday, February 25, 2024
Hospital, Advantage, Investment, Ageing, Bed, Retirement, LTC, Government, Long-term care, Prevalence, Human, Interview, MedlinePlus, Housing, Meal, Communication

“Right now, there’s a massive housing void for older adults who need more care than they can get at home but who are not ready for long-term care.”

Key Points: 
  • “Right now, there’s a massive housing void for older adults who need more care than they can get at home but who are not ready for long-term care.”
    Government must address this housing ‘missing middle’ by providing more supportive housing for older adults, according to AdvantAge Ontario.
  • Supportive housing is similar to retirement housing in that residents are offered a range of services such as meals, activities, security checks and help with personal care.
  • Elders who don’t have access to supportive housing often ultimately end up in hospitals, then become crisis admissions to long-term care homes.
  • “And time is running out.”
    AdvantAge Ontario is the voice of not-for-profit seniors’ care in the province, representing more than 500 long-term care, seniors’ housing, supportive housing and community service agencies.

Sienna Senior Living Inc. Reports Strong Fourth Quarter 2023 Financial Results and Delivers 16.5% Increase in Same Property Net Operating Income

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, Retirement, SIA, TSX, Growth, Use, LTC, Government, NOI, Financial statement, Maturity, Dementia, Public expenditure, Self storage

Sienna's strong fourth quarter and annual results reflect the return to a stable operating environment, the Company's successful cost management strategy, and sustained reductions in temporary agency staffing costs.

Key Points: 
  • Sienna's strong fourth quarter and annual results reflect the return to a stable operating environment, the Company's successful cost management strategy, and sustained reductions in temporary agency staffing costs.
  • Q4 2023 marks the fourth consecutive quarter of significant year over year same property net operating income (“NOI”) growth in the Company’s long-term care and retirement segments.
  • “Sienna’s consistently strong financial performance in 2023 indicates that we are on the right track.”
    Same-property NOI increased by 16.5% to $37.7 million in Q4 2023, compared to Q4 2022, including
    a 11.8% increase in the retirement segment.
  • The increase was primarily related to the increase in OFFO, offset by higher maintenance capital expenditures, and a decrease in construction funding income.

Roseman University College of Nursing Launches Doctoral Program for Nurse Anesthetists

Retrieved on: 
Monday, March 4, 2024
Nursing, Education, Health, Hospitals, Surgery, University, Training, BSN, Student, College, Doctor of Philosophy, RN, MSN, MHS, LTC, Conditional sentence, Anesthesiology, Learning, Outline of health sciences, Anesthesia, Council, Certified Registered Nurse Anesthetist, Accreditation, COA

The College of Nursing at Roseman University of Health Sciences today announced its new Doctor of Nursing Practice in Nurse Anesthesia (DNPNA) program to address the national demand for Certified Registered Nurse Anesthetists (CRNAs).

Key Points: 
  • The College of Nursing at Roseman University of Health Sciences today announced its new Doctor of Nursing Practice in Nurse Anesthesia (DNPNA) program to address the national demand for Certified Registered Nurse Anesthetists (CRNAs).
  • The program, approved by the Council on Accreditation of Nurse Anesthesia Educational Programs (COA), is accepting applications for an inaugural class starting in July 2024.
  • “Roseman’s DNPNA students will learn how to administer anesthesia and deliver anesthesia-related services independently and as part of an interprofessional team.
  • “We are delighted to launch this new program to prepare nurses for one of the most in-demand and critical roles in health care,” says Brian Oxhorn, PhD, RN, dean of Roseman University College of Nursing.

Global Atlantic Closes $10 Billion Block Reinsurance Transaction with Manulife across both US and Japan Business

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Insurance, Finance, Atlantic Ocean, Long-term care, Retirement, History, MFC, LTC, Manulife, Financial services

Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the closing of its $10 billion reinsurance transaction with Manulife Financial Corporation (NYSE: MFC).

Key Points: 
  • Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the closing of its $10 billion reinsurance transaction with Manulife Financial Corporation (NYSE: MFC).
  • It represents the third block transaction Global Atlantic has executed with Manulife and includes Global Atlantic’s first block reinsurance transaction in Japan.
  • Simultaneous to the closing of the reinsurance transaction with Manulife, Global Atlantic also closed on the retrocession of 100% of the long-term care insurance risks to a highly rated third-party global reinsurance partner.
  • Global Atlantic only retains the underlying spread-based risks on the subset of the block that involves the LTC business.

Genworth Financial Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Other Professional Services, Insurance, Finance, Asset Management, Consulting, RBC, UL, LTC, Mortality, GLIC, Tax

Statutory pre-tax income was $148 million in the current quarter, driven by:

Key Points: 
  • Statutory pre-tax income was $148 million in the current quarter, driven by:
    LTC continues to benefit from premium increases and benefit reductions from IFAs, including more favorable impacts from reserve releases related to legal settlements compared to the prior quarter, but this benefit was more than offset by higher claims as the block ages
    LTC results also included a $87 million increase in cash flow testing reserves in GLICNY, partially offset by a net $29 million pre-tax benefit from assumption updates
    Life insurance results included a $99 million pre-tax favorable impact from assumption updates, primarily related to certain UL products with secondary guarantees, as a favorable change in the prescribed reinvestment rate more than offset the unfavorable assumption updates for persistency and mortality
    Current quarter GLIC consolidated RBC ratio was 303 percent, up from the prior year driven primarily by earnings in annuities, including a net benefit to variable annuities from the impact of equity market and interest rate performance in the year, and the net favorable impact of assumption updates, primarily in life insurance
    The current quarter adjusted operating loss was $25 million, up from $18 million in the prior quarter and $9 million in the prior year, primarily from taxes and expenses related to new growth initiatives with CareScout