DALLAS: Tenet Healthcare Corporation (THC) announced the appointment of Saum Sutaria, M.D., the Company’s President and Chief Operating Officer, to its Board of Directors, effective immediately. This appointment expands the Board to include 11 directors. Ron Rittenmeyer, Executive Chairman and CEO, said, “Saum has led a remarkable effort across the enterprise to enhance care delivery…
Vice President Mike Motta appointed Chief Commercial Officer at Novālent Biotech
GREENSBORO: Novālent Biotech Inc has promoted Mike Motta from Vice President to Chief Commercial Officer, a news release said. Kevin Parrish, CEO of Novālent says of Mr. Motta, “I enjoy working with Mike and he’s exceptional in his role as a leader so this promotion is well-deserved. We’re going to be looking to him to…
TerrAscend Corp to acquire HMS Health and HMS Processing from Curaleaf
NEW YORK: TerrAscend Corp. has signed of a definitive agreement to acquire HMS Health LLC and HMS Processing LLC from Curaleaf Holdings Inc, a news release said. HMS is a cultivator and processor of medical cannabis products in the state of Maryland. The acquisition is expected to be immediately accretive to TerrAscend on an EBITDA…
Elop to acquire Simplifai
OSLO: Norwegian technology company Elop has signed a letter of intent to acquire 100 percent of the shares in artificial intelligence company Simplifai, a news release said. The partnership will enable an acceleration of Elop’s development of data driven services for monitoring and maintenance of infrastructure. “The partnership with Simplifai reinforces our ambition of becoming…
Everfuel to acquire H2CO AS from Uno-X and take over hydrogen fueling stations in Norway
HERNING: Everfuel A/S has signed an agreement to acquire H2CO AS, an Uno-X owned company, which has two hydrogen fueling stations and hydrogen distribution assets in Norway. The hydrogen stations are located at Hvam, just northeast of Oslo, Norway’s capital and largest city, and in Åsane, just north of Norway’s second largest city Bergen. Everfuel…
Mintra named as one of 2020’s top learning technology providers
OSLO: Mintra has once again been named as one of the top learning technology providers of the year by the Learning & Performance Institute (LPI). The LPI’s Top 15 Highest-Performing Learning Technology Providers 2020 report identifies organisations with a strong track record in quality of service and user experiences. The report is compiled using data…
Hg agrees the sale of Eucon to VHV Group
MÜNSTER: Hg, Europe’s leading software investor, has agreed the sale of Eucon Group to VHV Group, a leading German insurance group, a news release said. The terms of the transaction were not disclosed. The transaction is subject to customary anti-trust approvals and closing is expected later this year. Eucon is a leading provider of best-in-class…
Premier Foods to sell stake in Hovis Holdings Limited to Endless LLP
LONDON: Premier Foods plc has agreed to the disposal of its interest in Hovis Holdings Limited to Endless LLP, a news release said. Alongside its joint venture partner, The Gores Group LLC, the Group has held a 49% minority interest in Hovis since April 2014. Under Gores and Premier Foods’ ownership, Hovis has undergone major…
Ofgem investigates Scottish Power’s compliance with smart meter targets
LONDON: Ofgem has launched an investigation into whether Scottish Power breached rules around obligations to install smart meters for domestic consumers in 2019. Under the Government’s smart metering implementation programme, suppliers are required by their licences to take all reasonable steps to rollout smart meters to all homes and small businesses by 30 June 2021….
Gen II Fund Services get significant investment from global investors to fuel continued long-term expansion
NEW YORK: Gen II Fund Services LLC (Gen II), a leading independent private equity fund administrator, announced that it has secured a new strategic investment. General Atlantic (GA), a leading global growth equity firm, and Hg, a leading global software investor, together will lead the investment. IHS Markit, a world leader in critical information, analytics…
STM Group signs £5.5m credit facility with RBSI to fund M&A growth
LONDON: STM Group Plc, the cross-border financial services provider, has this week signed a credit facility with Royal Bank of Scotland (International) Limited (RBSI), to support its M&A growth strategy. The credit facility is for £5.5m, is to be used purely for acquisitions, and is expected to be drawn down in line with acquisition milestones…
easyJet announces sale and leaseback of a further eleven aircraft
LONDON: easyJet Plc announced the sale and leaseback of a further eleven aircraft with two counterparties. The transactions generate total cash proceeds of $169.5 million (approximately £130.7m). Ten A320 family aircraft were sold to ACS Aero 2 Beta Limited. The cash sales proceeds were $124.5m (approximately £96.0m), and the aircraft will be leased back for…