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Business Celebrity Finance Financial Market U.S

Tekin Salimi Leverages Academic Research for Crypto Startups and Expresses Enthusiasm for Decentralized Autonomous Organizations

July 17, 2023 — Tekin Salimi, the innovative mind behind Dao5, is pushing boundaries in the crypto space by building start-ups sourced from university professors’ research. Salimi, previously with Polychain Capital, founded Dao5 in 2022 as an experimental cryptocurrency investment fund. The organization aims to evolve into a decentralized autonomous organization (DAO) – a new form of internet-native organization that is governed collectively.

Reflecting on the tumultuous developments in the DAO world over the past year, Tekin Salimi remains enthusiastic and bullish about their potential. He views DAOs as the future of organizational structure, offering opportunities for transparent governance and collective decision-making. 

While at Polychain, Salimi’s investment thesis was broad, but since establishing Dao5, his focus has shifted primarily to the Ethereum ecosystem. This switch reflects the rapid development and versatility of Ethereum’s platform, which has become a foundation for numerous DeFi applications, NFTs, and other emerging crypto sectors.

Salimi sees immense potential in Web 3 infrastructure and non-fungible tokens (NFTs), viewing them as pivotal in redefining the internet and digital ownership. He also acknowledges the importance of regulation in creating a safe and sustainable crypto environment. 

In addition, Salimi shares his thoughts on FTX, one of the world’s leading cryptocurrency exchanges. He admires its relentless innovation and ability to push the industry forward.

In the coming days, Tekin Salimi will share more about his current focus at Dao5, giving us an insight into his strategies and vision for the future of cryptocurrency and decentralized organizations.

With a unique approach to sourcing deals and an unwavering belief in the transformative power of decentralized systems, Tekin Salimi and Dao5 are carving out a significant niche in the crypto world.

About Dao5

Dao5 is a Web 3 investment fund with a vision to become a decentralized autonomous organization (DAO). Founded in 2022 by Tekin Salimi, a former Polychain Capital executive, Dao5 focuses primarily on the Ethereum ecosystem and is driving innovation in the cryptocurrency sector.

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Business Financial Market Professional Services Services U.S

ACG Announces Keri Laine as a Keynote Speaker for their 15th annual SMART Awards.

Orlando, FL – April 20th, 2023 – Association for Corporate Growth (ACG Orlando) will hold its 15th annual SMART Awards on Tuesday, May 16 at the Alfond Inn Winter Park, featuring Keri Laine as a keynote speaker for the event. The SMART Awards were created to recognize businesses that bring value to Central Florida through outstanding accomplishments in culture, growth, business creativity, and economic contribution.

Keri Laine is the Founder and CEO of Keri Laine Executive Solutions, a firm that helps mid-market investors, private equity firms, and venture capitalists maximize profits by developing strong leaders, building efficient teams, and creating frameworks for success.

Focused on the pre-due diligence and post-due diligence phases of a deal, Keri Laine Executive Solutions takes the talent-focused and human capital areas of an organization through a deep analysis process, including a unique executive team evaluation, predictability of future team performance using data-backed methods, and providing custom strategic solutions to create greater optimization and yield higher operational efficiency.

ABOUT ACG and the SMART AWARDS

The SMART Awards reflects ACG Orlando’s continuing commitment to facilitating relationships among growing middle-market companies, capital sources, and professionals focused on corporate growth. Qualified candidate companies must have annual sales of $10 million and not more than $1 billion (U.S.) with headquarters located in Central Florida.

ABOUT KERI LAINE EXECUTIVE SOLUTIONS

Keri Laine Executive Solutions helps investors, venture capitalists, and private equity firms maximize profits by developing strong leaders, building efficient teams, and creating frameworks for success. By developing and implementing talent strategies for our clients, Keri Laine Executive Solutions’ fundamental mission is to assist in accelerating their journey to profitability.

The founder, Keri Laine, is a former global chief-level executive, a certified executive coach, and a proven business strategist in the entrepreneurial and investor space. She has coached more than 200 top executives and entrepreneurs, helping them disrupt their sectors with innovative success across the globe. Keri has led organizations through employee growth of 100 to 4,000, both public and private, with revenue stages from $40m to $5.6b.

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Finance Financial Market Lifestyle Services U.S

Up Loans – Personal Loans – Revolutionizing Access to Fast, Secure, and Convenient Payday Loans

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 <h1>FOR IMMEDIATE RELEASE</h1>

 <h2>Up Loans – Personal Loans: Your One-Stop Solution for Fast, Secure, and Convenient Payday Loans, Now on Google Play Store</h2>

 <p>[Miami, 04.21.2023] – Today marks the official launch of <a href=”https://play.google.com/store/apps/details?id=com.up.loans.payday.loans.app” rel=”dofollow”>Up Loans – Personal Loans</a>, a groundbreaking new financial service app offering a one-stop solution for fast, secure, and convenient payday loans. Now available for download on the Google Play Store, the app caters to a wide range of financial needs for individuals seeking short-term loans, providing a seamless user experience and unparalleled access to reputable lenders and loan products.</p>

 <p>Up Loans – Personal Loans arrives as a timely response to the ever-growing demand for accessible financial services in a world where financial stability is increasingly challenging. Featuring an intuitive design and user-friendly interface, the app aims to transform the payday loan process, enabling users to access funds securely and quickly when needed most.</p>

 <h2>Main Features of Up Loans – Personal Loans</h2>

 <h3>1. Streamlined Loan Application Process</h3>

 <p>Up Loans – Personal Loans streamlines the payday loan application process, allowing users to complete a straightforward application form within minutes, eliminating the need for lengthy paperwork or in-person meetings with lenders.</p>

 <h3>2. Extensive Network of Lenders and Loan Products</h3>

 <p>The app provides access to a vast network of trusted and reliable lenders, offering users a wide range of loan products and competitive interest rates, ensuring that they can find the right payday loan for their specific needs and financial situations.</p>

 <h3>3. Instant Loan Decisions</h3>

 <p>Upon submitting their loan application, Up Loans – Personal Loans uses advanced algorithms to analyze and match the user’s profile with suitable lenders, ensuring users receive instant loan decisions and can access funds quickly and efficiently.</p>

 <h3>4. Secure and Confidential Transactions</h3>

 <p>Up Loans – Personal Loans prioritizes user privacy and security by employing industry-standard security measures, such as SSL encryption, to protect user data and guarantee secure and confidential transactions.</p>

 <h3>5. Flexible Repayment Options</h3>

 <p>The app allows users to choose from various repayment options, including weekly, bi-weekly, or monthly repayments, ensuring they can select a repayment plan that best fits their financial situation and minimizes the risk of default.</p>

 <h3>6. Comprehensive Financial Management Tools</h3>

 <p>Up Loans – Personal Loans goes beyond payday loans by offering users a suite of financial management tools, such as budgeting and expense tracking features, to better understand and manage their finances and promote long-term financial stability.</p>

 <h3>7. Responsive Customer Support</h3>

 <p>Committed to providing exceptional customer support, the Up Loans – Personal Loans team ensures users have access to timely assistance and guidance throughout the loan application process. Users can reach out to the customer support team via in-app chat or email.</p>

 <h3>8. Free Download and Usage</h3>

<p>Up Loans – Personal Loans is available for free download on the Google Play Store, granting users access to its extensive range of features and services at no cost.</p>

 <h2Promoting Responsible Lending Practices</h2>

 <p>Besides its impressive array of features, Up Loans – Personal Loans is committed to promoting responsible lending practices. The app’s developers have worked diligently to ensure users receive accurate information about payday loans, including potential risks and benefits associated with this type of financial service. Furthermore, Up Loans – Personal Loans only partners with reputable and responsible lenders who adhere to strict lending guidelines and regulations.</p>

 <h2>Transforming the Payday Loan Industry</h2>

 <p>Up Loans – Personal Loans is set to transform the payday loan industry by making it more accessible, secure, and convenient for individuals in need of short-term financial assistance. Offering users a comprehensive solution for obtaining payday advances and cash advances, the app empowers users to make informed decisions about their finances and manage their short-term financial needs more effectively.</p>

 <p>As the demand for accessible and transparent financial services continues to grow, Up Loans – Personal Loans is poised to become a game-changer in the industry. The app’s development team is committed to continuously improving and expanding the range of services and features offered, ensuring that users have access to the most cutting-edge financial solutions available.</p>

 <p>Up Loans – Personal Loans is not only a platform for obtaining payday loans but also a powerful tool for promoting financial literacy and responsibility. The app offers educational resources, including informative articles and expert tips, to help users better understand the payday loan process and make the most of the financial services provided.</p>

 <h2>Upcoming Features and Services</h2>

 <p>In the coming months, the Up Loans – Personal Loans team plans to roll out additional features and services, including loan refinancing options and integration with other popular financial apps. These updates will further enhance the user experience and solidify the app’s position as a leader in the payday loan industry.</p>

 <p>For more information on Up Loans – Personal Loans or to download the app, visit the <a href=”https://play.google.com/store/apps/details?id=com.up.loans.payday.loans.app” rel=”dofollow”>Google Play Store</a> today. Join the thousands of satisfied users who have already discovered the convenience and security of managing their payday loans through Up Loans – Personal Loans.</p>

 <h2>Contact Information</h2>

 <p>For media inquiries, please contact:</p>

 <p>Daniel Waters<br>

 Public Relations Manager<br>

 Up Loans – Personal Loans<br>

 Email: contact@up-loans.com<br>

 Phone: 32569854785<br>

 Website: <a href=”https://up-loans.com//” rel=”dofollow”>Up Loans – Personal Loans</a></p>

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Financial Market Lifestyle Living Real Estate U.S

New York’s Luxury Property Prices to Increase Amid Geopolitical and Economic Uncertainty

Hefty hikes in interest rates, soaring inflation rates, and a risk of a recession are looming over the US.

However, these soaring economic headwinds and intensifying geopolitical uncertainty have actually favoured the prime property market in New York City.

2023 is expected to witness an increase of 2% in the luxury property price in New York, reported Realty+

NYC’s Luxury Property Market is on Firm Ground

In 2022, more than 14,500 properties were transacted in Manhattan—a jump of 23% from the pre-pandemic levels of 2019.

As a whole, the city racked up 244 home sales worth $10 million or above—higher than any other city in the world.

What’s Driving the Hike in Property Prices

Supply constraints compared to demand, safe-haven capital flight, and wealth preservation are the key factors contributing to driving prime property price growth. On top of that, the post-pandemic surge in prices continues to push property prices higher.

The cash buyers accounting for roughly 80% of home transactions have made Manhattan luxury home sales defy the USA rate hikes.

Luxury homes in New York reported an average growth of 2.7% in 2022.

In March 2023, the Federal Reserve declared another 25 basis point interest rate, increasing the federal funds rate from roughly zero in March last year to a range of 4.75% to 5%. This benchmark rate is the highest it’s been since 2007. It’s the ninth consecutive time the Fed has increased the rate as part of its effort to discourage inflation.

However, analysts predict the Fed to cease hiking rates in response to recent bank collapses in the USA (e.g. Silicon Valley Bank). 

Even though the average rate for a 30-year fixed mortgage, the most popular home-loan product, has plummeted to 7.08% this March from its peak at 7.32% in November 2022, it’s still considered high compared to historic levels. Highly leveraged homeowners are staying put instead of facing a double whammy from mortgage costs, which can result in decreased inventory levels.

Again, the rental market in the city has started to fall into place as it is fast recovering from the COVID-19 crisis. 

The rental value for luxury properties rose by 19% in 2022 alone. Since 2021, it soared to 49%.

The rapid increase in property demand in Manhattan has shrunk the number of available rental properties from 41,516 in October 2020 to 14,148 in January 2023. 

With mortgage rates continuing to inflate and rental stock shrinking, tenants are locking in, and opting for longer leases. 

The number of leases in New York has surged as rents have notched last year’s record. 

The number of new lease signings in January 2023 increased by more than 42%, which was only around 16% in February 2021. 

The median rent in Central Park South landed at $10,995 which is the highest in the city. The exclusive enclaves of Tribeca and Soho ranked second and third with median rents of $9,500/month and $6,395/month respectively.

Against volatility in multiple asset classes and intensifying economic tension across the country, New York’s increasing rents, persistent price growth, and low buying costs are luring investors seeking an inflation hedge in a global and transparent market. 

On top of that, the strength of the dollar has led to more interest in luxury New York properties among ultra-rich buyers.

With wealthy buyers investing in upscale properties in the city to maximise their property portfolio, the demand for luxury property management services like The London Management Company is skyrocketing. A high-end property management service ensures a client’s property is always well-managed and ready for their arrival.

Wrapping Up

New York exhibits a non-linear relationship between price and size: with more deals transacted at higher prices, the expansion of luxury property lifts the entire property market.

Categories
Energy & Environment Financial Market Government & Politics Technology

Church of England Pensions Board Asks Investors to Rethink Mining; Aims to Push Mining Corporations to Adopt Better Sustainability Standards

As the demand for extracting minerals to help implement renewable energy intensifies, the Church of England Pensions Board calls on investors to reconsider how they invest in mining businesses.

As a result, investors are pushing miners to adopt stringent sustainability policies and ensure the world’s ecosystem and the poor communities are least harmed by their activities, reported ESG CLARITY.

Transitioning to a Low-Carbon Future Needs More Non-Renewable Mineral Resources

Anthropogenic processes are driving planetary-scale critical transitions with long-lasting ramifications.

One of the most effective ways to fight this issue is to end the world’s over-reliance on fossil fuel-based energy.

That said, even though thought-out recycling and implementation of a circular economy can help reverse climate change, transitioning away from fossil fuels towards low-carbon replacements will require more mining and processing of non-renewable mineral resources.

According to the World Bank, the demand for extracting minerals (graphite, nickel, lithium) will soar by a staggering 500% by 2050, with the drive to green energy getting a push.

Case in point: Over two million tons of lithium will be required by 2030 to install solar, wind, and geothermal power plants to meet the Net-Zero target detailed in the Paris Agreement.

However, worldwide, only 100 tonnes of lithium were mined in 2021. This huge gap between the demand and supply only exacerbates the supply chain.

“That’s the challenge here because the low carbon transition needs a massive scaling of mining,” said Adam Matthews, chair of the Global Investor Commission on Mining 2030 and chief responsible investment officer of the Church of England Pensions Board. “Regardless of whether we can recycle existing minerals, regardless if we can be more efficient or if we can replace the minerals that are being mined with others, we are going to need a massive scale of mining,” Mr. Matthews said.

That said, increasing mining activities would require the miners to abide by regulatory standards and ensure minimal environmental, social, and governance (ESG) impacts. 

Even though the mining industry can act as a step-changer in helping with climate transition, historically, it has failed to ensure consistently responsible service.

Church of England Pensions Board to Introduce Sustainability Standards

The Brumadinho tailings dam disaster, the Courrières mine disaster, the Mariana disaster, are just a few mining incidents that shook the World. Analysts unanimously point out the mining industry’s roles in spurring corruption and conflict, human rights violations in the sites, and exacerbating environmental pollution.

As part of its effort to overhaul the mining industry in the next ten years, the Church of England Pensions Board has recently launched the Global Investor Commission on Mining 2030 which is poised to set regulatory standards by January 2024.

Advised by the United Nations, backed by the Principle of Responsible Investment, this investor-led commission is expected to collaborate closely with all stakeholders across the mining industry—miners, buyers, unions, and impacted communities.

Insurers, banks, and investors are expected to push miners to adhere to the standards to be detailed by the commission. 

The commission also offers them the opportunity to re-think how they invest or incentivise the mining industry. 

The standards of the Global Investor Commission on Mining 2030 will be drawn on from the success of the Global Tailings Standard. Formed by investors handling multi-stakeholder operations after the Brumadinho disaster, it’s a perfect model to capitalise on when it comes to ensuring the secure handling of tailings facilities that store mining waste.

Capitalising on advanced technologies, such as ventilation systems, process flow metres, digital mining solutions, etc., can also help the mining industry abide by the standards, thereby reducing their adverse impact on the environment.

For example, using distributed fibre optic sensing-based process flow metering systems by companies like Silixa is a sensible business investment for miners looking to drive sustainability. Such high-end solutions help operators manage and monitor process challenges and water dependency in ESG business sustainability initiatives. In addition, these systems can boost the sustainability of operations with significantly reduced energy consumption while also ensuring substantial cost savings. 

A Shared Future for Responsible Mining is Foundational to the World’s Long-Term Interests

Sustainable mining has long been considered the bedrock of the coveted Net-Zero future.

However, the fourth-biggest cause of deforestation, the mining industry accounts for 7% of tropical and subtropical forest loss.

In such a situation, critics are stressing the importance of collaboration among stakeholders to make the mining sector highly sustainable and transparent. 

Categories
Finance Financial Market Lifestyle Services U.S

Brighter Loans: Payday Loan App: Revolutionizing Quick, Secure & Convenient Payday Loans

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 <h1>FOR IMMEDIATE RELEASE</h1>

 <h2>Brighter Loans: Payday Loan App – A Comprehensive Solution for Fast, Secure, and Convenient Payday Loans Now Available on Google Play Store</h2>

 <p>[Miami, 04.21.2023] – Today marks the official launch of <a href=”https://play.google.com/store/apps/details?id=com.brighter.loans.payday.loans.cash.advance” rel=”dofollow”>Brighter Loans: Payday Loan App</a>, a revolutionary new financial service app that provides a comprehensive solution for fast, secure, and convenient payday loans, now available for download on the Google Play Store. The app has been carefully designed and developed to cater to the diverse financial needs of people in need of short-term loans, offering a seamless user experience and unparalleled access to lenders and loan products.</p>

 <p>Brighter Loans: Payday Loan App comes as a timely response to the ever-growing demand for accessible financial services, especially in a world where financial stability is becoming increasingly difficult to achieve. With its intuitive design and user-friendly interface, the app aims to revolutionize the way individuals apply for and receive payday loans, ensuring they can access funds quickly and securely when they need them most.</p>

 <h2>Key features of the Brighter Loans: Payday Loan App</h2>

 <h3>1. Quick and Easy Loan Application Process</h3>

 <p>The Brighter Loans: Payday Loan App simplifies the process of applying for a payday loan by allowing users to complete a straightforward application form within minutes. This eliminates the need for time-consuming paperwork or lengthy face-to-face meetings with lenders.</p>

 <h3>2. Wide Range of Lenders and Loan Products</h3>

 <p>The app features an extensive network of trusted and reliable lenders, offering users access to a diverse range of loan products and competitive interest rates. This ensures that users can find the right payday loan to suit their specific needs and financial circumstances.</p>

 <h3>3. Instant Loan Decisions</h3>

 <p>Once users submit their loan application, the Brighter Loans: Payday Loan App utilizes advanced algorithms to analyze and match the user’s profile with suitable lenders. This process ensures that users receive instant loan decisions, allowing them to access funds quickly and efficiently.</p>

 <h3>4. Secure and Confidential</h3>

 <p>Brighter Loans: Payday Loan App prioritizes user privacy and security. The app employs industry-standard security measures, including SSL encryption, to protect user data and ensure that all transactions are secure and confidential.</p>

 <h3>5. Flexible Repayment Options</h3>

 <p>The app offers users the flexibility to choose from various repayment options, including weekly, bi-weekly, or monthly repayments. This ensures that users can select a repayment plan that best fits their financial situation and minimizes the risk of default.</p>

 <h3>6. Comprehensive Financial Management Tools</h3>

 <p>Brighter Loans: Payday Loan App goes beyond providing payday loans by offering users a suite of financial management tools, including budgeting and expense tracking features. These tools help users better understand and manage their finances, promoting long-term financial stability.</p>

 <h3>7. Responsive Customer Support</h3>

 <p>The Brighter Loans: Payday Loan App team is committed to providing exceptional customer support, ensuring that users have access to timely assistance and guidance throughout the loan application process. Users can reach out to the customer support team via in-app chat or email.</p>

 <h3>8. Free Download and Usage</h3>

<p>The Brighter Loans: Payday Loan App is available for free download on the Google Play Store, allowing users to access its extensive range of features and services at no cost.</p>

 <h2>Promoting Responsible Lending Practices</h2>

 <p>In addition to its impressive array of features, Brighter Loans: Payday Loan App is committed to promoting responsible lending practices. The app’s developers have worked tirelessly to ensure that users receive accurate information about payday loans, including the potential risks and benefits associated with this type of financial service. Furthermore, Brighter Loans: Payday Loan App only partners with reputable and responsible lenders who adhere to strict lending guidelines and regulations.</p>

 <h2>Transforming the Payday Loan Industry</h2>

 <p>Brighter Loans: Payday Loan App is set to transform the payday loan industry, making it more accessible, secure, and convenient for individuals in need of short-term financial assistance. By offering users a comprehensive solution for obtaining payday advances and cash advances, the app empowers users to make informed decisions about their finances and manage their short-term financial needs more effectively.</p>

 <p>As the demand for accessible and transparent financial services continues to grow, Brighter Loans: Payday Loan App is poised to become a game-changer in the industry. The app’s development team is committed to continuously improving and expanding the range of services and features offered, ensuring that users have access to the most cutting-edge financial solutions available.</p>

 <p>The Brighter Loans: Payday Loan App is not only a platform for obtaining payday loans but also a powerful tool for promoting financial literacy and responsibility. The app offers educational resources, including informative articles and expert tips, to help users better understand the payday loan process and make the most of the financial services provided.</p>

 <h2>Upcoming Features and Services</h2>

 <p>In the coming months, the Brighter Loans: Payday Loan App team plans to roll out additional features and services, including loan refinancing options and integration with other popular financial apps. These updates will further enhance the user experience and solidify the app’s position as a leader in the payday loan industry.</p>

 <p>For more information on the Brighter Loans: Payday Loan App or to download the app, visit the <a href=”https://play.google.com/store/apps/details?id=com.brighter.loans.payday.loans.cash.advance” rel=”dofollow”>Google Play Store</a> today. Join the thousands of satisfied users who have already discovered the convenience and security of managing their payday loans through the Brighter Loans: Payday Loan App.</p>

 <h2>Contact Information</h2>

 <p>For media inquiries, please contact:</p>

 <p>Mark Wallace<br>

 Public Relations Manager<br>

 Brighter Loans: Payday Loan App<br>

 Email: Brighter Loans: Payday Loan Ap<br>

 Phone: 25636585985<br>

 Website: <a href=”https://brighterloans.club/” rel=”dofollow”>Payday Loans</a></p>

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Categories
Financial Market Health & Medicine Public Affairs Technology U.S

Community Health Systems Completes Divestiture of its Last Hospital in West Virginia for $92M

Tennessee-based healthcare giant, Community Health Systems (CHS), has reportedly divested its 25-bed Plateau Medical Center (PMC) in Oak Hill, West Virginia, to the affiliates of Vandalia Health. Vandalia Health is the parent company of Charleston Area Medical Center (CAMC).

The transaction, according to businesswire, was put into effect on April 1, 2023.

Details of the Divestiture

Closed on April 3rd, 2023, the sale of Plateau Medical Center is worth roughly $92M. Besides the medical center, the sell-off includes PMC’s outpatient services, physician clinic operations, and respective assets.

The agreement for the Plateau Medical Center acquisition was inked earlier this year.

“As a critical access hospital, Plateau Medical Center plays an important role in the Oak Hill community and beyond,” said David Ramsey, president and CEO of Vandalia Health and CAMC. “We are excited they are joining CAMC and Vandalia.”

Now that the transaction is finalised, CAMC is about to hold sway over the hospital operations and work with the medical staffers as part of its effort to deliver proactive services to the region. 

“The staff is terrific,” Ramsey stated. “They do a great job of taking care of the community and the patients that come to them.”

Plateau Medical Center

Previously a for-profit hospital, Plateau Medical Center is a certified 25-bed hospital with more than 315 staff on the Oak Hill campus and in nearby clinics. The specialised services it offers are paediatrics, family practice, emergency medicine, cardiology, internal medicine, and general surgery.

CAMC is a not-for-profit organisation; funds raised from the hospital will be used for the betterment of the state and the people of the Oak Hill area.

CHS Continues with Hospital Sell-off

The divestiture of Plateau Medical Center is one of the potential sell-offs CHS detailed on its final quarter and fiscal year-end 2022 earnings call.

With this transaction, CHS has ceased its services in West Virginia. 

The agreement to sell the PCM took shape over two years after CHS had completed the massive divestiture of a hospital program that dropped its hospital count to 79 from its peak at 206.

The CHS now runs 78 acute-care hospitals and around 1,000+ other healthcare sites, including emergency care centres, imaging centres, physician practices, cancer centres, freestanding emergency departments, occupational medicine clinics, and ambulatory surgery centres.

On January 1, 2023, CHS sold Greenbrier Valley Medical Center — a 122-bed healthcare facility based in Ronceverte, W.Va. — to Vandalia Health for a cash consideration of around $85M.

CHS has been selling hospitals recently as part of its effort to improve its financial position while also reducing its heavy debt load.

The hospital giant has encountered significant losses over the past several years, including a $2B loss in the final quarter of 2017. 

Overcoming Divestiture Challenges

Whether it’s a spin-off or an equity carve-out, divesting a business asset is a complex transaction that comes with strict time constraints. 

For businesses undergoing a divestiture, investing in a high-end carve-out consulting service like Fission Consulting is a sensible business decision.

Industry-leading IT transformation services can mitigate investment risk and help businesses make more informed decisions while significantly accelerating the overall separation timeline.

Wrapping Up

Community Health Systems, one of the largest publicly traded hospital companies in the U.S., continues hospital sell-off with the divestment of Plateau Medical Center. With this divestiture, CHS has no remaining hospital in West Virginia.

Categories
Financial Market Services Technology Transportation & Logistics U.K

Holme Beach: An ANPR Camera Has Gone Live; Drivers Using the Car Park Being Charged Again

As declared, an automatic number plate recognition (ANPR) camera has reportedly been installed to monitor cars parked at Holme-next-the-Sea, near Hunstanton, in the English countryside of Norfolk.

With the new ANPR system enforced, drivers will now be charged £100 as fines if they don’t pay for using the Holme beach parking lot, according to Eastern Daily Press.

Fleshing Out the ANPR Parking System

Also known as Licence Plate Recognition (LPR), an Automatic Number Plate Recognition (ANPR) system is a specially designed high-speed image capture technology that can identify and read vehicle registration plates as they pass through an infrared camera.

Built on optical character recognition technology, an ANPR camera captures an image of a vehicle number plate as it enters or exits a parking lot. The image, when passed on to a compatible number plate reader, gets converted into standard Wiegand format ID numbers. Upon comparing this information with the record in the existing database, the access control system decides whether or not to grant access to that vehicle to the parking premises.

The recorded vehicle registration plate details and the location data can be used for various law enforcement and traffic management purposes.

Besides enforcing surveillance of vehicle entry/exit at parking facilities, an ANPR system ensures car parking security.

A cost-effective way to provide consistent data to parking management apps, an ANPR camera also helps with threat recognition, repeat delinquent detection, or targeting vehicles/block-listed vehicles.

For a ticketless parking lot, deploying high-quality ANPR surveillance cameras that seamlessly integrate with parking management and enforcement solutions, such as ZatPark, is essential for vehicle access control. 

High-end ANPR integration increases efficiency by enabling seamless processing of ANPR images. This type of system helps extend enforcement hours without increasing overhead expenses.

Advanced ANPR technologies ensure a 100% capture rate accuracy under recommended lighting conditions.

Fully automated ANPR camera systems do not require employees to operate them, thus reducing operating costs.

Deployment of ANPR Camera at Holme Beach Car Parking

The deployment of the ANPR system took shape after the Hunstanton Golf Club had been given a go-ahead by West Norfolk council in December to install the equipment in the parking lot it owns on Beach Road at Holme.

In a planning statement, the golf club, said: “The proposed installation of ticketing equipment would allow charges to be levied all year round on a more cost-effective basis.”

According to a report written by an officer who recommended the approval of the ANPR camera installation last year, “Based on the existing use of the land, the surrounding area and the level of natural screening, it is not considered that these small scale additions will have a significant visual impact or adversely affect the locality.”

Earlier, a kiosk was used to manage the parking premises at Holme beach. However, anyone arriving at the parking lot, when the kiosk was not open, could park their vehicles without paying until the concession closed in the summer of 2022.

Now that the ANPR surveillance camera is deployed, drivers need to pay £3 to park their vehicles for two hours, £5 for four hours, or £7 to park for an entire day.

Charges at the Holme beach parking are lower than the nearby Hunstanton Cliff Top car park, where drivers have to pay £2.20/hour, £4.20/two hours, £6/three hours, and £8/day.

Categories
Financial Market Lifestyle Living Real Estate U.K

UK’s Real Estate Market Is Radiating Optimism After Enduring a Tough Nine Months

After facing a ‘perfect storm’ for the last nine months, the UK’s real estate market is now radiating optimism again.

Improving buyer inquiries, and lower-than-anticipated interest and mortgage rates had made the real estate market see some hope to recover in the coming months after a stagnant start to the year, reported Schroders.

Correction in Prices in UK’s Real Estate Market

Britain’s real estate market has reportedly encountered a sharp correction in prices since the onset of the financial crisis of 2008. Last summer, capital values started to plunge and are now around 21% below their peak value last June.

But, how much more will the price slump before the market is stabilised and investors feel confident to place their capital again?

Increasing Cost of Borrowing – The Main Culprit

A hefty hike in interest rates affecting investor sentiment is the key factor contributing to the rapid depression in capital value. Within a year, the total cost of hedging debt on good quality assets has soared to 6% from 3.5%. The yield on 10 year bonds in the UK is now at 3.75%, which was roughly 1% at the beginning of 2022.

As a result, investors owning equity and debt-backed buyers have asked for lower prices as part of their effort to hit their return targets. 

The buyer-seller stand-off has driven up the gross real estate yield and depressed transactions. 

In January 2023, the average initial yield soared to 5.2% up from 4.2% in June 2022. The total transaction value recorded in the final quarter of 2022 slipped by 60% from 2021. On the other hand, rental values continued to rise gradually through the second half of 2022.

Inflation Is Showing Signs of Decreasing

Whether the paradigm will shift to the right largely depends on interest and inflation rates.

The UK’s inflation rate is now at 10.40%, compared to 10.10% in February and 6.20% last year—higher than the long-term average of 2.73%.

The higher inflation rate looming over the country can lead to inflated interest rates making borrowing costs spiral upward.

However, with supply bottlenecks easing and utility prices starting to stabilise, inflation is anticipated to halve and reach roughly 5% by the end of this year.

Meanwhile, the Bank of England (BoE) is forecast not to raise interest rates any further this year after increasing it once again to 4.25%. 

Again, despite falling prices, the UK housing market is showing signs of stabilisation, as buyer inquiry and sales activities increased last month. 

A net balance of -29% of surveyors reported a rise in new buyer inquiries last month, up from -45% in January. Even though this is the 10th negative reading in a row, indicating a decline in demand, it is the smallest drop since last July, said The Guardian, citing Royal Institution of Chartered Surveyors (RICS) monthly survey.

That said, the demand for high-end real estate agents like Quintessentially Estates is expected to increase with the housing market rebound. A top-tier real estate company is always on hand to help clients with all property needs. 

Schroders anticipates that the plunging house prices in the UK will push the BoE to adopt monetary policies to keep interest rates low. 

Buying Interest Is Increasing

Analysts unanimously agreed that the rising yields since last year are making the real estate market affordable to investors with equity and UK pension funds. 

“The spread between the average initial yield and 10-year bonds is now back to 1.5%, close to its average of 2% over the last 30 years,” reported Schroders. “The gap is lower than in the last decade when it averaged 3%, but the spread was exaggerated by quantitative easing which artificially lowered bond yields.”

Again, with international investors snapping up properties in the UK, the country’s real estate market is getting a boost.

The UK’s real estate market has been ranked second globally amid a resilient economic recovery with Asian, North American, and Middle Eastern investors interested in European properties.

As a result, the UK has been identified by far as the largest and most liquid commercial real estate market in Europe and has been re-priced more rapidly. To some extent, the reason is the stabilising British sterling and falling political and economic risks after Rishi Sunak has been appointed as the UK prime minister in October 2022.

Real Estate Market Falling into Place

With investor demand gradually falling into place, the UK’s real estate market has started recovering. Stabilising British Pound value, faster re-pricing of the UK’s real estate market, and bond yields approaching equilibrium are all making the market radiate optimism. If the soaring inflation rate and current looming recession in the UK continue to ease, investors are expected to consider deploying capital later this year.

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