SYDNEY, AUSTRALIA: Sydney based Healthcare Ventures will invest in early stage and growth companies transforming healthcare via digital health technologies, a news release said. The investment strategy focuses primarily on Australian companies going global, led by visionary founders, that are redefining how healthcare is provided and consumed whilst delivering better outcomes for all. The Healthcare…
Spok launches healthcare communication platform in Australia
SPRINGFIELD: Spok Holdings Inc. announced the international expansion of its cloud-native communication platform, Spok Go, with availability in Australia. Purpose-built in the cloud for healthcare, the Spok Go platform drives informed care by connecting clinical teams with the people and information they need when and where it matters most. Spok has supported hospitals and health…
Elbit Systems gets $82mn contract from BAE Systems to supply Netherlands army
HAIFA, ISRAEL: Elbit Systems Ltd. announced it was awarded an approximately $82 million contract from BAE Systems Hägglunds AB to supply the Royal Netherlands Army (RNLA) with Active Protection Systems (APS) and electro-optical commander sights. The contract will be performed over a period of four and a half years. Under the contract and as part…
Elbit Systems gets $46mn contract to supply APCs to a country in Asia-Pacific
HAIFA, ISRAEL: Elbit Systems Ltd announced it was awarded a contract valued at approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to the army of a country in Asia-Pacific. The contract will be performed over a three-year period. As the prime contractor, Elbit Systems will supply the VBTP 6X6 wheeled APCs that…
Singapore private equity investor expresses interest to acquire minority stake in mm2 Asia
SINGAPORE: mm2 Asia Ltd has received a non-binding term sheet from a Singapore private equity investor expressing interest in a potential acquisition involving a minority stake in one of the mm2’s core businesses. mm2 Asia Ltd. Had made and announcement earlier in relation to the proposed renounceable underwritten rights issue by the company. The Company…
Bank Albilad appoints Nasser bin Muhammad Al-Subaie as Chairman of the Board
RIYADH: Bank Albilad has announced the appointment of Nasser bin Muhammad Al-Subaie, as Chairman of the Board of Directors and Chairman of the Executive Committee (non-executive member), succeeding Dr. Abdulrahman bin Ibrahim Al-Hamid (late). Riyadh Bank Albilad announces the issuance of the Board of Directors’ decision, after obtaining SAMA Non-objection regarding the appointment of Nasser…
UAE market remains optimistic on an economic recovery in 2021
DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
Clean Power Capital increases stakes in PowerTap to 94.5%
VANCOUVER: Clean Power Capital Corp. has increased its investment in Powertap Hydrogen Fueling Corp. by acquiring an additional 4.5% equity interest in PowerTap. As previously announced, the Company initially invested in PowerTap on October 27, 2020 by acquiring a 90% equity interest. With the latest investment, Clean Power has increased its equity interest in PowerTap…
Outlook for insurance subsidiaries of United Heritage Financial Group revised to positive
OLDWICK: Insurance sector rating agency, AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of United Heritage Life Insurance Company (UHLIC). Concurrently, AM Best has revised the outlooks to positive from stable and affirmed…
Outlook for Crusader Insurance Company and Unico American Corporation revised to negative
OLDWICK: Global rating agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Crusader Insurance Company. Additionally, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bb”…
i3 Verticals reports $87.7 million Business Information Systems acquisition
NASHVILLE: i3 Verticals Inc. announced the acquisition of substantially all of the assets of Business Information Systems, GP and Business Information Systems Inc. (collectively “BIS”). BIS is a business based in east Tennessee that provides software and electronic payment solutions in a variety of states. BIS will fit within the Company’s Public Sector vertical. The…
Thompson Knight designates Reveal as its preferred SaaS-based AI platform
CHICAGO: Reveal, the global provider of the leading AI-powered eDiscovery platform, announced that Thompson Knight, the Dallas-based, full-service law firm, has engaged the AI technology powerhouse to provide superior, end-to-end solutions driving today’s forward-thinking legal organizations. “Our platform has completely redefined AI innovation in the practice of law. Fueled by the world’s most powerful AI…