Commercial

Apollo Medical Holdings, Inc. Announces Definitive Agreement to Acquire Assets of Community Family Care Medical Group IPA, Inc. and Health Plan

Retrieved on: 
Tuesday, November 7, 2023

CFC's scaled provider group, with more than 350 primary care physicians and 500 specialists on platform, manages the healthcare of over 200,000 members in the Los Angeles, California area.

Key Points: 
  • CFC's scaled provider group, with more than 350 primary care physicians and 500 specialists on platform, manages the healthcare of over 200,000 members in the Los Angeles, California area.
  • CFC, which became an ApolloMed Care Enablement client in 2020, has a Restricted Knox Keene ("RKK") license for Medicaid members, and will seamlessly integrate as an ApolloMed Care Partner as it continues to utilize our Care Enablement platform.
  • We believe that pairing CFC's impressive track record and clinical capabilities with ApolloMed's scaled value-based care platform will result in even better outcomes for those we serve.
  • CFC's adjusted EBITDA for the full year is expected to be approximately $25 million, reflecting a margin of approximately 13%.

NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2023

Retrieved on: 
Tuesday, November 7, 2023

“We certainly benefited from avoiding catastrophe losses during 2023, which allowed our Home and Farm segment to return to expected profitability, along with strong results from our multi-peril crop business.

Key Points: 
  • “We certainly benefited from avoiding catastrophe losses during 2023, which allowed our Home and Farm segment to return to expected profitability, along with strong results from our multi-peril crop business.
  • Although we are pleased with our progress and return to profitability, we continue to be challenged by the ongoing effects of elevated loss cost inflation impacting our industry.
  • Our Non-Standard Auto and Commercial segments both experienced unfavorable prior year reserve development, driven by elevated loss severity as a result of inflation and other challenging market conditions.
  • Our results continue to be positively impacted by our investment portfolio, which is producing steadily rising returns, due to higher reinvestment rates and more favorable market conditions.

Type 2 Diabetes and prediabetes can be reversed with personalized lifestyle education and support from LifestyleRx and LifeLabs

Retrieved on: 
Tuesday, November 7, 2023

Toronto, Ontario, Nov. 07, 2023 (GLOBE NEWSWIRE) -- LifeLabs is pleased to announce its partnership with LifestyleRx to offer Canadians greater support in managing their health with prediabetes and Type 2 diabetes.

Key Points: 
  • Toronto, Ontario, Nov. 07, 2023 (GLOBE NEWSWIRE) -- LifeLabs is pleased to announce its partnership with LifestyleRx to offer Canadians greater support in managing their health with prediabetes and Type 2 diabetes.
  • Through early detection, many cases of prediabetes and Type 2 diabetes are reversible with the help of healthy lifestyle adjustments.
  • LifestyleRx is a virtual physician-led program that aids patients in adopting key lifestyle changes to achieve sustainable remission of prediabetes or Type 2 diabetes.
  • It offers personalized education and virtual care to support lifestyle changes, focusing on key areas such as diet, sleep, light exercise, stress reduction, and more.

Arbor Biotechnologies Appoints Industry Veteran R. Nolan Townsend to Board of Directors

Retrieved on: 
Tuesday, November 7, 2023

CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Arbor Biotechnologies®, a biotechnology company discovering and developing the next generation of genetic medicines, today announced the appointment of R. Nolan Townsend to the Company’s Board of Directors.

Key Points: 
  • CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Arbor Biotechnologies®, a biotechnology company discovering and developing the next generation of genetic medicines, today announced the appointment of R. Nolan Townsend to the Company’s Board of Directors.
  • “We’re honored to have Nolan join our board and partner with our leadership team at this pivotal time,” said Devyn Smith, Ph.D., CEO of Arbor.
  • Mr. Townsend serves on the Board of Directors of the Biotechnology Innovation Organization (BIO), on New York City Economic Development Corporation's Life Sciences Advisory Council, and as the Chairman of the Board of Directors of Life Science Cares New York.
  • “I am delighted to join Arbor Bio’s impressive roster of senior leaders and board members,” said Mr. Townsend.

Bentley Systems Announces Operating Results for the Third Quarter of 2023

Retrieved on: 
Tuesday, November 7, 2023

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced operating results for its third quarter and nine months ended September 30, 2023.

Key Points: 
  • Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced operating results for its third quarter and nine months ended September 30, 2023.
  • CEO Greg Bentley said, “Our operating results this quarter demonstrate the sustainability of our more broadly balanced growth contributors.
  • Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com .
  • Those rules require the supplemental explanations and reconciliations that are in Bentley Systems’ Form 8-K (Quarterly Earnings Release) furnished to the SEC.

Snap-on Acquires Mountz, Inc.

Retrieved on: 
Tuesday, November 7, 2023

Based in San Jose, California, Mountz is a leading developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products.

Key Points: 
  • Based in San Jose, California, Mountz is a leading developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products.
  • The acquisition of Mountz complements and expands Snap-on’s torque offerings to customers in a variety of industries including aerospace, transportation, and advanced manufacturing.
  • Applications range from assembly of electric vehicle batteries to production of charging infrastructure to fabrication of microelectronic componentry, including chips.
  • Mountz will be part of the company’s Commercial & Industrial Group.

Study shows agent, commercial client differing views on severe weather readiness

Retrieved on: 
Tuesday, November 7, 2023

COLUMBUS, Ohio, Nov. 7, 2023 /PRNewswire/ -- The increasing frequency and severity of weather events across the globe have many commercial insurance customers worried about damage to their businesses and properties – and rightfully so, with data showing 40% of businesses fail to reopen following a disaster1.

Key Points: 
  • Nationwide's survey polled "commercial property stakeholders" – defined as commercial property owners, new construction builders and business owners – to gauge their concern and preparation levels around severe weather events that have or could impact their operations.
  • The survey found that worries about severe weather are high as 62% of stakeholders are either very or extremely concerned.
  • Property stakeholders feel prepared for severe weather, but agents aren't so sure
    More than two-thirds (67%) of property stakeholders report being prepared for severe weather events.
  • Almost all property stakeholders report working with an agent to ensure appropriate coverage for severe weather events.

CKEditor, a Tiugo Technologies Brand, Introduces Innovative AI Assistant for Enhanced Collaboration Productivity

Retrieved on: 
Tuesday, November 7, 2023

BOSTON, Nov. 7, 2023 /PRNewswire-PRWeb/ -- CKEditor, a leading provider of collaborative rich text editing solutions, announced the launch of its groundbreaking AI Assistant, making it Tiugo Technologies' latest brand to integrate cutting-edge, artificial intelligence technology. The CKEditor AI Assistant is designed to streamline content creation, editing and collaboration processes.

Key Points: 
  • The CKEditor AI Assistant is designed to streamline content creation, editing and collaboration processes.
  • AI Assistant key features include:
    Simultaneous collaboration: Its most revolutionary aspect is its ability to enable real-time, simultaneous collaboration on content.
  • Seamless integration of AI: The AI Assistant seamlessly integrates AI directly into the text editor, empowering developers to harness AI capabilities without the need for complex, separate implementations.
  • "CKEditor's AI Assistant further cements Tiugo Technologies' dedication to pushing the boundary of what is possible in the realm of rich text editing technology," said Scott Heimes, chief revenue officer of Tiugo Technologies.

Majesco positioned as the Leader in the 2023 SPARK Matrix™ for the P&C Core Insurance Platform by Quadrant Knowledge Solutions

Retrieved on: 
Tuesday, November 7, 2023

MORRISTOWN, N.J., Nov. 7, 2023 /PRNewswire/ -- Quadrant Knowledge Solutions announced today that it has named Majesco as a 2023 technology leader in the SPARK Matrix: P&C Core Insurance Platform market.

Key Points: 
  • MORRISTOWN, N.J., Nov. 7, 2023 /PRNewswire/ -- Quadrant Knowledge Solutions announced today that it has named Majesco as a 2023 technology leader in the SPARK Matrix: P&C Core Insurance Platform market.
  • "We're proud to be ranked as the #1 leader in P&C by Quadrant Knowledge Solutions," says Manish Shah, Chief Product Officer at Majesco.
  • Majesco's P&C Intelligent Core, powered by Majesco Copilot embedded into core insurance processes enhances productivity, decision making and overall customer experience across the entire insurance value chain."
  • Quadrant Knowledge Solutions defines P&C Core Insurance Platform as:
    "A Property & Casualty Insurance (P&C) platform enables property and casualty insurers to manage core operational functions, including policy, billing, and claims, for both personal and commercial property as well as liability coverage.

Sabre and Trainline Partner Solutions deliver access to enhanced rail content

Retrieved on: 
Tuesday, November 7, 2023

LONDON, Nov. 7, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, and Trainline Partner Solutions (TPS), Trainline's B2B arm and a leading distributor of global rail content, today announced an agreement to introduce new multi-national rail content to Sabre's travel marketplace. The partnership underlines the importance of the high-growth rail segment for Sabre as travelers look for more sustainable, flexible travel options. 

Key Points: 
  • LONDON, Nov. 7, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, and Trainline Partner Solutions (TPS), Trainline's B2B arm and a leading distributor of global rail content, today announced an agreement to introduce new multi-national rail content to Sabre's travel marketplace.
  • [1]
    "We are very excited to collaborate with Sabre and to bring our industry-leading content to travel agents across the world," said Charlie Baikie, Head of Commercial, Trainline Partner Solutions.
  • The agreement between Sabre and TPS significantly expands the content available through Sabre Rail and further increases the value travel agents can deliver to their customers.
  • "We are thrilled to partner with a proven innovator like Trainline Partner Solutions to further extend our footprint in the high-growth rail segment," said Chinmai Sharma, Global Head – Lodging, Ground & Sea, Sabre Travel Solutions.