Virginia

Booz Allen Hamilton Announces Pricing of Senior Notes Offering

Wednesday, August 12, 2020 - 10:11pm

Booz Allen Hamilton Holding Corporation (NYSE: BAH) (Booz Allen) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc. (the Issuer), has priced $700.0 million aggregate principal amounts of its 3.875% senior notes due 2028.

Key Points: 
  • Booz Allen Hamilton Holding Corporation (NYSE: BAH) (Booz Allen) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc. (the Issuer), has priced $700.0 million aggregate principal amounts of its 3.875% senior notes due 2028.
  • The offering is expected to close on August 24, 2020, subject to certain closing conditions.
  • Each of the Issuers existing and future restricted subsidiaries that guarantee the Issuers obligations under its senior credit facility and certain other indebtedness (the Guarantors) will guarantee the Notes on a senior unsecured basis.
  • This press release includes forward-looking statements regarding Booz Allens financing plans, including statements related to the Issuers offering of the Notes and intended use of net proceeds of the offering.

Teachers Are Heroes--edHelper Celebrates Teachers Returning to School by Offering Free Distance Learning Resources

Wednesday, August 12, 2020 - 9:56pm

Our educators are heroes, and they deserve support, whether they are returning to the classroom or not.

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For the 10th Consecutive Year, nexVortex Named to Inc. 5000

Wednesday, August 12, 2020 - 9:30pm

"We are honored to be named to the Inc. 5000 list for the 10th year in a row with a 74% revenue growth rate," stated Mark Amick, Chief Operating Officer at nexVortex.

Key Points: 
  • "We are honored to be named to the Inc. 5000 list for the 10th year in a row with a 74% revenue growth rate," stated Mark Amick, Chief Operating Officer at nexVortex.
  • The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500% and a median rate of 165 percent.
  • "The companies on this year's Inc. 5000 come from nearly every realm of business," says Inc. editor-in-chief Scott Omelianuk.
  • The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com .

Allergy & Asthma Network Secures PCORI Engagement Award, CDC Grant to Reduce COVID-19 and Asthma Disparities

Wednesday, August 12, 2020 - 9:16pm

The Network has been awarded $150,000 through the Eugene PCORI Engagement Awards program.

Key Points: 
  • The Network has been awarded $150,000 through the Eugene PCORI Engagement Awards program.
  • "Many factors impact asthma health disparities, from income level and lack of health insurance to increased exposure to environmental allergens and irritants," says Tonya Winders, President and CEO of Allergy & Asthma Network.
  • EXHALE's patient-centered strategies are designed to reinforce asthma self-management, reduce exposure to asthma triggers, improve access and adherence to medications, and reduce healthcare costs.
  • Allergy & Asthma Network is the leading national nonprofit organization dedicated to ending needless death and suffering due to asthma, allergies and related conditions.

CACI Acquires Ascent Vision Technologies

Wednesday, August 12, 2020 - 9:15pm

CACI International Inc ( NYSE: CACI ) announced today it has acquired Ascent Vision Technologies, LLC (AVT), a leading provider of technology and solutions that support multi-domain intelligence, surveillance, and reconnaissance (ISR), unmanned aircraft system (UAS), air defense, and counter-unmanned aircraft system (c-UAS) operations.

Key Points: 
  • CACI International Inc ( NYSE: CACI ) announced today it has acquired Ascent Vision Technologies, LLC (AVT), a leading provider of technology and solutions that support multi-domain intelligence, surveillance, and reconnaissance (ISR), unmanned aircraft system (UAS), air defense, and counter-unmanned aircraft system (c-UAS) operations.
  • The combining of AVTs EO/IR and X-MADIS technologies with CACIs signals intelligence, electronic warfare, and CORIAN capabilities will deliver continued differentiation to customers.
  • According to John Mengucci, CACI President and Chief Executive Officer, The combination of CACI and AVT brings unique advantages to our defense and national security customers with critical ISR and c-UAS missions.
  • Jefferies LLC served as exclusive financial advisor to Ascent Vision Technologies and Holland & Hart LLP served as legal advisor in connection with the transaction.

Beacon Appoints Samuel M. Guzman, Jr. as Vice President and Chief Accounting Officer

Wednesday, August 12, 2020 - 9:00pm

Beacon (Nasdaq: BECN) (the Company) announced today that Samuel M. Guzman, Jr. was appointed its Vice President and Chief Accounting Officer, effective immediately.

Key Points: 
  • Beacon (Nasdaq: BECN) (the Company) announced today that Samuel M. Guzman, Jr. was appointed its Vice President and Chief Accounting Officer, effective immediately.
  • Thomas D. Schmitz, who served as the Companys Interim Chief Accounting Officer, will remain with the Company in a senior financial role.
  • Mr. Guzman comes to Beacon from Liquidity Services, Inc., a publicly traded global solutions provider in the asset management and supply chain sector, where he served as the Vice President and Chief Accounting Officer since June 2018.
  • Were delighted to welcome Sam to the Beacon team, said Frank Lonegro, Executive Vice President and CFO of Beacon.

Sentara Healthcare, Cone Health Join Forces to Transform Healthcare

Wednesday, August 12, 2020 - 8:03pm

Sentara Healthcare , headquartered in Norfolk, Va., and Cone Health , headquartered in Greensboro, N.C., have signed a letter of intent to combine organizations.

Key Points: 
  • Sentara Healthcare , headquartered in Norfolk, Va., and Cone Health , headquartered in Greensboro, N.C., have signed a letter of intent to combine organizations.
  • Sentara Healthcare and Cone Health are both regional, community-based health systems with similar missions, cultures, strategies and visions for transforming the future of healthcare.
  • The Sentara Healthcare Board of Directors and Cone Health Board of Trustees have each approved the terms of the letter of intent.
  • The integrated health care network consists of Alamance Regional Medical Center, Annie Penn Hospital, Cone Health Behavioral Health Hospital, The Moses H. Cone Memorial Hospital, Wesley Long Hospital, Cone Health Medical Group , MedCenter High Point , MedCenter Kernersville , MedCenter Mebane , Triad HealthCare Network and HealthTeam Advantage health insurance plan and various outpatient clinics and programs.

Red River Named to the 2020 CRN® Fast Growth 150 List

Wednesday, August 12, 2020 - 7:50pm

Red River, a technology transformation company, announced today that it has been named to the 2020 Fast Growth 150 List by CRN , a brand of The Channel Company .

Key Points: 
  • Red River, a technology transformation company, announced today that it has been named to the 2020 Fast Growth 150 List by CRN , a brand of The Channel Company .
  • To be named to the Fast Growth 150 the same year as we celebrate our 25th anniversary is a special accomplishment, said Red River CEO Alan Dumas.
  • The CRN 2020 Fast Growth 150 list highlights the achievements of elite industry-leading companies in the IT channel and their ability to innovate in an ever-changing market, said Bob Skelley, CEO of The Channel Company.
  • A sampling of the 2020 Fast Growth 150 list will be featured in the August issue of CRN Magazine.