Financial corporation – Hledam http://hledam.biz/ Tue, 20 Jul 2021 14:23:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://hledam.biz/wp-content/uploads/2021/06/icon-2021-07-01T003219.761-150x150.png Financial corporation – Hledam http://hledam.biz/ 32 32 Medecision Announces New Senior Executives to Further Strengthen Its Strategic Financial Planning and Technology Expertise https://hledam.biz/medecision-announces-new-senior-executives-to-further-strengthen-its-strategic-financial-planning-and-technology-expertise/ https://hledam.biz/medecision-announces-new-senior-executives-to-further-strengthen-its-strategic-financial-planning-and-technology-expertise/#respond Tue, 20 Jul 2021 14:00:00 +0000 https://hledam.biz/medecision-announces-new-senior-executives-to-further-strengthen-its-strategic-financial-planning-and-technology-expertise/ Medecision software and services are used today by major health plans and healthcare delivery organizations to support the care of millions of health care consumers. The company remains committed to transforming healthcare by making the experience simpler and more accessible for its customers, their members and patients, as well as creating future growth and value […]]]>

Medecision software and services are used today by major health plans and healthcare delivery organizations to support the care of millions of health care consumers. The company remains committed to transforming healthcare by making the experience simpler and more accessible for its customers, their members and patients, as well as creating future growth and value for its stakeholders and customers. Medecision is a wholly owned subsidiary of Health Care Service Corporation (HCSC), the largest customer-owned health insurance company in United States.

“Medecision provides value-added analytics and software to HCSC and is an integral part of the HCSC family of companies,” said Arun Prasad, Chairman of the Board of Medecision and Senior Vice President and Chief Strategy Officer at HCSC. “We are committed to investing in Medecision and their continued innovation of best-in-class solutions for health plans and value-based providers, as evidenced by the addition of these new leaders. “

“We are delighted to have Pavel and Quyen join us at this critical time in the growth of our business. Their expertise and experience position them perfectly to oversee the development and expansion of our solutions, ”said Young. “By taking a critical look at how the business is organized and the solutions we provide to our customers today and in the years to come, we are shaping and positioning the business for future growth and success. “

Nguyen-Haelle brings his passion for growth and operational excellence to his role of leading financial operations, from strategy to administration. Prior to joining Medecision, she was Vice President of Tandigm, a population health services company, where she was most recently responsible for business performance and intelligence, as well as planning and analysis. strategic financials. During her stay, she held a range of roles with increasing responsibilities, including directing financial operations and planning, value-based contracts, and business performance and analysis. Quyen began his career with Grant Thornton, LLP and holds a Bachelor of Science in Economics from Wharton School at the University of Pennsylvania.

Grebenshikov will lead technology operations from strategy to delivery. He has over 20 years of experience executing highly complex digital platform modernization and cloud transformation programs. Most recently, he was Vice President of Technology Solutions at EPAM Systems, a global leader in product development, digital platform engineering, and leading digital and product design companies. He holds a Bachelor of Science in Physics from Moscow State University.

About Médécision
Medcision® is an integrated healthcare analytics and software company, whose solutions and services are used today by more than 85 leading healthcare plans and delivery organizations to support more than 50 million people. Air™, the CSF HITRUST of Medecision®-certified, SaaS solution, brings order and control to the complexities of healthcare. Aerial connects the entire care ecosystem with data and information that drives meaningful patient and member engagement, and efficiencies that reduce costs and support effective care management, use and more. Aveus, Medecision’s professional services division, helps business leaders solve complex business challenges and improve performance, leaving organizations more capable.

Contact: Regena Frieden
480.258.9232
[email protected]

SOURCE Medecision

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Energy 1 Corp. announces a change in the composition of its board of directors https://hledam.biz/energy-1-corp-announces-a-change-in-the-composition-of-its-board-of-directors/ https://hledam.biz/energy-1-corp-announces-a-change-in-the-composition-of-its-board-of-directors/#respond Fri, 16 Jul 2021 06:46:00 +0000 https://hledam.biz/energy-1-corp-announces-a-change-in-the-composition-of-its-board-of-directors/ SHANGHAI, July 16, 2021 / PRNewswire / – As a global innovative technology services company, Shanghai Yicheng Culture Communication Co., Ltd. announced the acquisition of Energy 1 Corporation. (Stock exchange code: EGOC), headquartered at Nevada, United States. Shanghai Yicheng Culture Communication Co., Ltd. acquired 100% stake in the target company. Pursuant to the party’s agreement, […]]]>

SHANGHAI, July 16, 2021 / PRNewswire / – As a global innovative technology services company, Shanghai Yicheng Culture Communication Co., Ltd. announced the acquisition of Energy 1 Corporation. (Stock exchange code: EGOC), headquartered at Nevada, United States. Shanghai Yicheng Culture Communication Co., Ltd. acquired 100% stake in the target company. Pursuant to the party’s agreement, Energy 1 Corp. held a board meeting and announced that from July 13, 2021 Since then, Mr. Liu Yicheng (originally Liu Chuanyi) has been appointed Chairman of the Board, Mr. Cao Yilin (originally Cao Zhong) and Mr. Zhang Jinyuan (originally Lianzhong) as directors. On the date of this announcement, Mr. Liu Yicheng has become the main shareholder of EGOC. This announcement will take effect from July 13, 2021.

The EGOC Board of Directors warmly welcomes Mr. Liu Yicheng, Mr. Cao Yilin and Mr. Zhang Jinyuan. Mr. Liu Yicheng, the new chairman of the board, is currently chairman of the board of Shanghai Yicheng Culture Communication Co., Ltd. and its subsidiaries. He has accumulated many years of practical experiences in various industries. The group’s business development is primarily focused on medical healthcare, innovative retailing, and scientific and technological research and development. In this resolution of the board, Mr. Liu was appointed chairman of the board with a service contract effective July 13, 2001. Mr. Liu’s presence on the board of Energy 1 Corp. would be an important step for the company.

Mr. Cao Yilin, the new board member, is an e-commerce entrepreneur born in the 80’s. He has extensive experience in new retail in the framework of innovative e-commerce. He founded Guangzhou Zhongxiang Network Technology Co., Ltd. and dreams of ensuring that countless Chinese women have successful careers and happy families, while achieving self-realization and creating social value. He established the TaoLinDi e-commerce platform in 2019, mainly selling basic necessities, cosmetics, health food and other essentials. In just two years, the platform has more than 1.6 million registered users, more than 5 million active users, nearly 800 service providers, covering more than 280 cities and regions in China. The platform’s total GMV exceeded 170 million.

“It is a great honor to join Energy 1 Corp (EGOC) as a member of the board of directors. I appreciate the exceptional leadership and vision of Mr. Liu Yicheng. In the future, we will become a family. The TaoLindi platform will be fully merged to Shanghai e-Cheng Culture Communication Co., Ltd. by integrating businesses from both sides, in order to be inclusive and innovative. I look forward to working and growing together, and most importantly to contribute to the development of the company, ”said Mr. Cao Yilin, executive chairman of smart retail of Guangzhou Zhongxiang Network Technology Co.

“I am extremely grateful for the full support from various social actors. As the outgoing chairman of EGOC’s board of directors, the change of the board of directors and the addition of distinguished persons will inject enormous resources and vitality into EGOC and Shanghai Yicheng Culture Communication Co., Ltd., as well as ‘excellent experience in corporate governance. Their successful experiences will accelerate our growth and lead to the development of the company. The linking and integration of the two companies will take Shanghai e-Cheng Culture Communication Co., Ltd. at a higher level. I look forward to working with them to continue leading the platform’s new journey in innovative ways in the future, ”said Mr. Liu Yicheng, the new chairman of EGOC’s board of directors responded to the question. EGOC advice.

In addition to the changes in the composition of EGOC’s board of directors, there are changes in senior management corresponding to strategic adjustments. M / s. Gu Juan, the former senior manager of Shanghai Yicheng Culture Communication Co., Ltd., was appointed secretary of the board of directors; Mr. Liu Chuangong (originally Liu tao) as the group’s chief financial officer, and Sun Peng as group marketing director.

Until now, Shanghai e-Cheng Cultural Communication Co., Ltd. has entered a new phase in the US capital market. As a comprehensive cross-industry group integrating the healthcare industry, smart retail industry and biotechnology, Shanghai e-Cheng Cultural Communication Co., Ltd. will expand its global business. In addition, we will continue to provide better services to users and create greater value for users, as well as provide a concept of good life and service to give back to the community.

Forward-looking statement

The forward-looking statements made in this article relate only to events or information as of the date the statements are made in this article. Except as required by law, we assume no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events. events. You should read this article in its entirety and with the understanding that our actual future results or performance may be materially different from what we expect. All statements contained in this article are made as of the date of publication of this article and are subject to change due to future developments.

SOURCE Energy 1 Corp.


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Platinum Equity to Sell Multi-Color Corporation to CD&R https://hledam.biz/platinum-equity-to-sell-multi-color-corporation-to-cdr/ https://hledam.biz/platinum-equity-to-sell-multi-color-corporation-to-cdr/#respond Fri, 02 Jul 2021 15:30:00 +0000 https://hledam.biz/platinum-equity-to-sell-multi-color-corporation-to-cdr/ MCC merges with Fort Dearborn Company LOS ANGELES, July 2, 2021 / PRNewswire / – Platinum Equity today announced the signing of a definitive agreement for the sale of Multi-Color Corporation (MCC), a global leader in labeling solutions, to subsidiaries of Clayton, Dubilier & Rice (“CD&R”). Financial terms of the transaction were not disclosed. Platinum […]]]>

MCC merges with Fort Dearborn Company

LOS ANGELES, July 2, 2021 / PRNewswire / – Platinum Equity today announced the signing of a definitive agreement for the sale of Multi-Color Corporation (MCC), a global leader in labeling solutions, to subsidiaries of Clayton, Dubilier & Rice (“CD&R”). Financial terms of the transaction were not disclosed.

Platinum Equity and Multi-Color Corporation logos

As part of the transaction, CD&R also announced the signing of a definitive agreement to acquire Fort Dearborn from Advent International and its intention to combine MCC and Fort Dearborn to create a global labeling solutions company in Canada. serving consumer packaged products companies around the world. The transactions are expected to be finalized by the end of 2021, subject to customary regulatory approvals and other conditions.

“We have had an exceptional partnership with Nigel and the MCC management team,” said Louis Samson, Platinum Equity Partner. “We have worked together to significantly transform the business and drive both organic and acquisition growth, which has led to substantial improvements in sales and results. The company integrates naturally with Fort Dearborn and both companies will benefit from the merger.

Platinum Equity acquired MCC in 2019 as part of a public-private transaction and combined it with WS Packaging, another US-based labeling company that the company acquired in 2018.

MCC is today one of the world’s largest producers of high quality, pressure sensitive, in-mold and thermal transfer labels and a major manufacturer of cut and stacked, roll fed, aluminum and with shrink sleeve. The company serves the world’s largest brands in four lines of business: food and beverage, wine and spirits, home and personal care, and hardware and specialty products.

“At MCC, we have continuously worked to invest in our people, processes and technology to strengthen our organization and become one of the world’s most reliable and innovative label manufacturing leaders,” said declared Nigel Vinecombe, CEO of MCC. “Platinum’s financial and operational support has been instrumental in our success. This combination with Fort Dearborn and the continued support of value-added investors provides the opportunity to continue to strengthen the business and provide top-notch service to our clients.

“Platinum has a lot of experience in creating value in the label and packaging industries and MCC is another great example,” said the CEO of Platinum Equity. Jason Price. “We appreciate all of the hard work that Nigel and everyone in the company have done over the years and wish the entire team every success.”

Platinum Equity previously owned BWAY (rigid containers), Contego (food, beverage and pharmaceutical packaging) and MacTac (pressure sensitive materials).

The company’s current portfolio includes Metalpack ball (metal containers for food and aerosols) and Hoarse (injection molding systems for the plastics industry).

Earlier this week, MCC also announced that it has signed a definitive agreement to acquire Hexagon Holdings (“Hexagon”), a Auckland, New Zealandsupplier of high value premium labels. Financial terms of the transaction were not disclosed. Hexagon is a private group of companies producing self-adhesive labels, shrink sleeves, linerless packaging and VIP solutions for customers across Australia and New Zealand.

Latham & Watkins LLP and MinterEllison are legal counsel to MCC in connection with the acquisition of Hexagon.

Latham & Watkins LLP and Keating Muething & Klekamp PLL are legal advisors to Platinum Equity on the sale of MCC to CD&R.

About platinum stocks
Founded in 1995 by Tom Gorès, Platinum Equity is a global investment firm with more than $ 25 billion of assets under management and a wallet approximately 40 operating companies serving clients around the world. The company is currently investing Platinum Equity Capital Partners V, a 10 billion dollars global buyout fund, and Platinum Small Cap Equity Fund, a $ 1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and transactions – a branding strategy she calls M&A & O® – acquire and operate companies in a wide range of business markets including manufacturing, distribution, transportation and logistics, equipment rental, metals related services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years, Platinum Equity has made over 300 acquisitions.

About Multi-Color Corporation
Cincinnati, Ohio, based in the United States, Multi-Color Corporation (MCC), established in 1916, is a leader in global label solutions supporting a number of the world’s largest brands, including leading producers of beverages, wines and spirits, food and dairy, personal care and beauty Home care and laundry, health care, durable and technical goods and automotive and chemicals. MCC serves national and international brand owners in the North, Central and South America, Europe, Africa, China, South East Asia, Australia and New Zealand with a full line of the latest labeling technologies in pressure sensitive, cut and stacked labels, packaging, aluminum, molding, shrink sleeves and heat transfer. MCC employs more than 9,000 associates in more than 70 label production operations around the world.

For more information on Multi-Color Corporation, please visit http://www.mcclabel.com.

Media contact:

Dan Whelan
Platinum Actions
(310) 282-9202
dwhelan@platinumequity.com

Platinum Equity today announced the signing of a definitive agreement for the sale of Multi-Color Corporation, a global leader in labeling solutions, to subsidiaries of Clayton, Dubilier & Riz.

Platinum Equity today announced the signing of a definitive agreement for the sale of Multi-Color Corporation, a global leader in labeling solutions, to subsidiaries of Clayton, Dubilier & Rice.

Cision

Cision

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SOURCE Platinum Shares


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These 2 financial actions are smart purchases https://hledam.biz/these-2-financial-actions-are-smart-purchases/ https://hledam.biz/these-2-financial-actions-are-smart-purchases/#respond Wed, 30 Jun 2021 16:15:15 +0000 https://hledam.biz/these-2-financial-actions-are-smart-purchases/ Even though prolonged low interest rates remain unfavorable to financial companies, especially banks and insurers, the increase in financial transactions with the reopening of economic activities has recently helped financial stocks grab the attention of investors. This is evidenced by the Financial Select Sector SPDR ETFs (XLF) Gains of 23.9% since the start of the […]]]>

Even though prolonged low interest rates remain unfavorable to financial companies, especially banks and insurers, the increase in financial transactions with the reopening of economic activities has recently helped financial stocks grab the attention of investors. This is evidenced by the Financial Select Sector SPDR ETFs (XLF) Gains of 23.9% since the start of the year compared to the SPDR S&P 500 Trust ETF (TO SPY) 14.4% yield.

In addition, the Federal Reserve reported two interest rate hikes from the end of 2023, a year earlier than expected, which should be a boon for the financial sector. These rate hikes should support the profit margins of financial companies. The industry is also expected to grow in the coming months with the integration of advanced technologies into financial transactions. According to The Business Research Company, the global financial services market is expected to grow at a 9.9% CAGR from $ 20.4 trillion in 2020 to $ 22.5 trillion in 2021.

In this context, it might be wise to bet on Capital One Financial Corporation (COF) and Discover financial services (DFS). They have outperformed the broader market this year. Based on the fundamental strength of these companies, we believe their stocks could rise further in the coming months.

Capital One Financial Corporation (COF)

COF is a diversified financial services holding company that provides a range of financial products and services to consumers, small businesses and business customers through branch offices, the Internet and other distribution channels. It operates in three segments: credit cards, consumer banking, and commercial and other banking services. COF is based in McLean, Virginia.

The company paid a quarterly dividend of $ 0.40 per share on May 28, 2021. COF also paid a quarterly dividend of $ 10.20 on June 1 on the outstanding shares of its fixed rate perpetual non-cumulative preferred shares at variable, series E. This movement represents its solid financial strength.

COF’s income from continuing operations increased 37% sequentially to $ 4.20 billion for the first quarter ended March 31, 2021. Its net income increased 30% sequentially to $ 3.32 billion , while its total result assets increased 8% year-on-year to $ 421.81 billion. In addition, its EPS stood at $ 7.03, up 31% year-on-year.

For the current quarter, ending June 30, 2021, analysts expect COF’s EPS to be $ 4.37, a 297.7% year-over-year increase. It has beaten consensus EPS estimates in three of the past four quarters. Its annual revenue is expected to grow 5.3% year-on-year to $ 30.46 billion in 2022. The stock has gained 55.9% year-to-date to close the trading session of ‘yesterday at 154.15 dollars.

COF POWR odds reflect this promising outlook. The company has an overall rating of B, which translates to Buy in our proprietary rating system. POWR ratings assess stocks based on 118 different factors, each with its own weight.

The stock has an A rating for Sentiment and a B rating for Growth and Momentum. In category B Consumer financial services industry, COF is ranked # 5 out of 51 stocks.

To view all additional POWR ratings for the COF (Stability, Value and Quality), Click here.

Discover financial services (DFS)

DFS, through its subsidiaries, operates as a digital banking and payments company in the United States. It operates in two segments: digital banking and payment services. The digital banking segment offers Discover branded credit cards and its payment services segment operates the PULSE network, an automated teller machine, debit network and electronic funds transfer. DFS is based in Riverwoods, Illinois.

On May 18, Arab Financial Services and DFS signed a strategic network alliance agreement that is expected to increase the global footprint of the two organizations. Matt Sloan, Vice President of International Markets at DFS, said: “By connecting with innovative payment partners like AFS, we are able to provide our cardholders with the global reach and location they need. “

The company’s network volume increased 16.2% year-on-year to $ 115.13 billion in the first quarter ended March 31, 2021. Its profit before tax increased 104.8% sequentially to 2 .08 billion dollars, while its net profit increased 99.4% sequentially to reach 1.59 billion dollars. In addition, its EPS stood at $ 5.04, up 94.6% sequentially.

Analysts expect DFS ‘EPS to hit $ 3.33 for the current quarter ending June 30, 2021, which is a 377.5% year-over-year increase. It has beaten Street’s EPS estimates in three of the past four quarters. The company’s revenue is expected to grow 8.6% year-on-year to $ 2.90 billion for the quarter ending September 30, 2021. The stock has gained 29.1% so far this year. year to close yesterday’s trading session at $ 116.88.

DFS ‘POWR ratings reflect a strong outlook. The company has an overall rating of B, which translates to Buy in our proprietary rating system. It also has a B rating for growth, momentum, and sentiment.

Click here to also see DFS ratings for stability, value and quality. DFS is ranked # 7 in the Consumer financial services industry.


COF stock was trading at $ 154.36 per share on Wednesday morning, up $ 0.21 (+ 0.14%). Since the start of the year, the COF has gained 57.09%, compared to a 15.23% increase in the benchmark S&P 500 during the same period.

About the Author: Nimesh Jaiswal

Nimesh Jaiswal’s a passionate interest in the analysis and interpretation of financial data led him to a career as a financial analyst and journalist. The importance of financial statements in driving a stock’s price is the key approach he takes while advising investors in his articles. After…

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