SHOP

The State of Hawaii signs a multi-year agreement to use mdf commerce’s advanced procurement technology suite to digitize and streamline its end-to-end procurement process

Retrieved on: 
Wednesday, September 6, 2023

The State of Hawaii now becomes the 10th State/Province to join the mdf commerce eprocurement customer community.

Key Points: 
  • The State of Hawaii now becomes the 10th State/Province to join the mdf commerce eprocurement customer community.
  • “We’re delighted that the State of Hawaii has acknowledged the superiority of our eprocurement full suite dedicated to public procurement and decided to join our rapidly growing customer community.
  • The State will gradually implement the end-to-end eprocurement suite, including our modules SOURCE, CONTRACT, PROCURE, CONNECT and SHOP.
  • The SHOP module will allow Hawaii buying authorities to easily shop off state procurement contracts and leverage the power of the community, while increasing the accessible pool of suppliers.

Europe E-Pharmacy Market Outlook & Forecast Report 2023-2028: How Strategic Acquisitions & Technology Integration is Re-Shaping the Multi-Billion Industry

Retrieved on: 
Friday, September 1, 2023

DUBLIN, Sept. 1, 2023 /PRNewswire/ -- The "Europe E-Pharmacy Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 1, 2023 /PRNewswire/ -- The "Europe E-Pharmacy Market - Industry Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • In 2022, EU-4 & UK region accounted for the highest share of over 59% in the Europe e-pharmacy market.
  • In the Europe e-pharmacy market, several local/traditional/offline and online pharmacies are present in the region, significantly driving the competitive rivalry.
  • Several strategic partnerships, collaborations, and mergers & acquisitions have been registered in the Europe e-pharmacy market in recent years.

Managing Director, Equity Research, Scott Devitt Initiates Coverage on Eight Names in the E-commerce and Advertising Sectors: AMZN, MELI, SE, SHOP, GOOGL, META, PINS and TRIP

Retrieved on: 
Monday, August 21, 2023

Wedbush Securities , one of the nation’s leading independent diversified financial services providers, is pleased to announce Managing Director, Scott Devitt’s second launch of coverage.

Key Points: 
  • Wedbush Securities , one of the nation’s leading independent diversified financial services providers, is pleased to announce Managing Director, Scott Devitt’s second launch of coverage.
  • This subsequent stage of Scott's coverage launch enhances the breadth of TMT research within Wedbush's esteemed Equity Research team, reinforcing the firm’s commitment to providing comprehensive insights and analysis.
  • Managing Director, Head of Equity Research, Kevin Merritt adds, “Scott's insights have been instrumental in our team's growth.
  • With his expanded coverage, we are poised to offer crucial direction for navigating the evolving e-commerce and advertising landscapes."

Glass Lewis Joins ISS in Recommending Shareholders of Diversified Healthcare Trust Vote AGAINST the Proposed Merger with Office Properties Income Trust

Retrieved on: 
Monday, August 14, 2023

“We appreciate that Glass Lewis has joined ISS in recommending that DHC’s shareholders vote AGAINST the proposed merger with OPI.

Key Points: 
  • “We appreciate that Glass Lewis has joined ISS in recommending that DHC’s shareholders vote AGAINST the proposed merger with OPI.
  • Over the past several months, we have run a facts-based and objective campaign to lay out the deal’s flaws and show the array of viable alternatives that exist.
  • It is encouraging to see that both leading proxy advisory firms and several credible investors have come to similar conclusions.
  • FFL hopes to work with DHC and its leadership to get past this unfortunate detour and pursue long-term value creation on a standalone basis.

ISS Recommends Diversified Healthcare Trust Shareholders Vote AGAINST the Flawed, Value-Destructive Merger with Office Properties Income Trust

Retrieved on: 
Tuesday, August 8, 2023

Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of approximately 9.8% of the Company’s outstanding common shares, today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that DHC shareholders vote AGAINST the proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”) at the Company’s Special Meeting of Shareholders (the “Special Meeting”) on August 30, 2023.

Key Points: 
  • Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of approximately 9.8% of the Company’s outstanding common shares, today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that DHC shareholders vote AGAINST the proposed merger with Office Properties Income Trust (Nasdaq: OPI) (“OPI”) at the Company’s Special Meeting of Shareholders (the “Special Meeting”) on August 30, 2023.
  • “[…] the strategic rationale is not convincing, and the lack of a competitive process undermines the assertion that the merger is the best available alternative.
  • In its report, ISS acknowledges that the significant conflicts of interest and lack of real process led to the RMR-managed companies cutting this remarkable ‘take-under’ deal.
  • Given the alternatives that FFL, top shareholders, and ISS have outlined – including divesting non-core assets and moderating capital expenditures – we continue to recommend that shareholders vote against the deal to ensure management explores superior, alternative paths.”
    Visit www.SaveDHC.com to Download FFL’s Investor Presentation and to Obtain Information on How to Vote the GOLD Proxy Card AGAINST ALL of DHC’s Proposals at the Upcoming Special Meeting.

Flat Footed LLC Issues Open Letter to Fellow Shareholders to Expose the Distortions and Misrepresentations in Diversified Healthcare Trust’s Recent Investor Presentation

Retrieved on: 
Tuesday, August 8, 2023

As you may know, FFL issued a comprehensive presentation earlier this month that focuses on three key points:

Key Points: 
  • As you may know, FFL issued a comprehensive presentation earlier this month that focuses on three key points:
    The proposed merger materially undervalues DHC.
  • FFL’s presentation shows how RMR, which has drawn more than $300 million in non-performance related fees from DHC and OPI in recent years, is completely conflicted.
  • RMR’s Chief Executive Officer and Managing Director, Adam Portnoy, is also the Chairman of both DHC and OPI.
  • As you assess these important points, we also ask that you consider the numerous distortions and misrepresentations made in DHC’s recently released investor presentation.

Ventas Reports 2023 Second Quarter Results

Retrieved on: 
Thursday, August 3, 2023

During the second quarter, Ventas sold approximately 24% of its successful investment in Ardent OpCo for approximately $50 million in total cash proceeds.

Key Points: 
  • During the second quarter, Ventas sold approximately 24% of its successful investment in Ardent OpCo for approximately $50 million in total cash proceeds.
  • A second quarter earnings presentation is posted to the Events & Presentations section of Ventas’s website at ir.ventasreit.com/events-and-presentations .
  • Additional information regarding the Company can be found in its second quarter 2023 supplemental posted at ir.ventasreit.com .
  • Ventas will hold a conference call to discuss this earnings release on Friday, August 4, 2023 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

EQS-News: Redcare Pharmacy Q2 2023: While fast sales growth continues unabated at 46%, adj. EBITDA margin improved 5.3pp year over year to 3.2%. Company raises full-year guidance.

Retrieved on: 
Tuesday, August 1, 2023

Redcare Pharmacy Q2 2023: While fast sales growth continues unabated at 46%, adj.

Key Points: 
  • Redcare Pharmacy Q2 2023: While fast sales growth continues unabated at 46%, adj.
  • Final figures show sales grew 46.2% year over year in Q2 to EUR 420 million (Q2 2022: EUR 287 million).
  • Non-Rx sales growth was confirmed at 27% in Q2 to EUR 323 million (Q2 2022: EUR 255 million).
  • In Q2 2023, adjusted S&D expenses were 19.3% of sales, or EUR 81.1 million (Q2 2022: 26.3% of sales, or EUR 75.5 million).

Diversified Healthcare Trust Announces Filing of Definitive Proxy Materials and Recommends Shareholders Vote “FOR” Merger with Office Properties Income Trust on the WHITE Proxy Card

Retrieved on: 
Friday, July 21, 2023

Diversified Healthcare Trust (Nasdaq: DHC) today announced the filing of definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with DHC’s pending merger with Office Properties Income Trust (Nasdaq: OPI) .

Key Points: 
  • Diversified Healthcare Trust (Nasdaq: DHC) today announced the filing of definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with DHC’s pending merger with Office Properties Income Trust (Nasdaq: OPI) .
  • The DHC Board of Trustees unanimously recommends that shareholders vote “FOR” the proposal to approve the merger agreement with OPI.
  • DHC shareholders of record as of the close of business on June 16, 2023, are eligible to vote.
  • Accordingly, the Board recommends DHC shareholders to vote “FOR” the proposals related to the OPI merger on the WHITE proxy card by phone, internet or by signing, dating and returning the WHITE proxy card in the postage-paid envelope provided.

Office Properties Income Trust Announces Filing of Definitive Proxy Materials and Recommends Shareholders to Vote “FOR” Merger with Diversified Healthcare Trust

Retrieved on: 
Friday, July 21, 2023

Office Properties Income Trust (Nasdaq: OPI) (“OPI” or the “Company”) today filed its definitive proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its pending merger with Diversified Healthcare Trust (Nasdaq: DHC) (“DHC”).

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) (“OPI” or the “Company”) today filed its definitive proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its pending merger with Diversified Healthcare Trust (Nasdaq: DHC) (“DHC”).
  • OPI shareholders of record at close on June 16, 2023, will be eligible to vote at the Special Meeting.
  • Following the close of the transaction, OPI shareholders will own approximately 58% of the combined company, and DHC shareholders will own approximately 42%.
  • Highlights of the transaction include:
    Increased diversification: The merger will create a stronger and more resilient combined company with more diversified revenue sources.