CareCentrix Appoints New Member To Its Strategic Advisory Board

CareCentrix has appointed Dr. Richard Popiel to the company’s Strategic Advisory Board. Dr. Richard Popiel is a medical veteran that has got years of experience in leading healthcare transformations of various medical and healthcare organizations. Prior to joining the CareCentrix, Mr. Richar Popiel has served Corporate Chief Medical Officer and Executive Vice President at Cambia Health Solutions. He also holds senior leadership roles in other organizations as the Kaiser Permanente, Health Plans and Horizon Blue Cross Blue Shield of New Jersey.

CareCentrix is a leading healthcare company focused on providing innovative medico-science solutions to customers. The company has got more than 20 years of experience working with the different partners. The company has got 8,000 healthcare providers, which took care of about 26 million members.

Chief Executive Officer at CareCentrix, John Driscoll said, “COVID-19 exposed the fragility and fragmentation of our health care system and demonstrated once again the value of providing more care to the home. As the pandemic unfolded, we showed in hot-spots ranging from New York and Connecticut to Florida and Louisiana that the home can be a superior destination for care and healing.”

“Dr. Popiel’s experience delivering innovation and change at scale within large health plans and provider organizations will help us accelerate opportunities to bring care home,” added Driscoll.

Sharing his thoughts over the New appointment, Dr. Richard Popiel said, “The expansion of person-centered home care is one of the most effective ways to improve outcomes and reduce unnecessary hospital readmissions.”

“CareCentrix has demonstrated leadership in leading care homes, long before COVID-19 struck – the pandemic exacerbated already well-established challenges of a fragmented continuum of care once patients leave the hospital. I look forward to collaborating with the experts on the Strategic Advisory Board and exploring ways to continue to innovate and bring healthcare into people’s homes,” Dr. Richard Popiel further added.

Austin-Based Food Company Hormel Natural Choice Launches New Hardwood Smoked Product Line

Austin-Based Food Company Hormel Natural Choice has announced that the company has launched a new line of slow-smoked meat products known as the Natural Choice Hardwood Smoked Lunch Meats. The company has further said that the company’s new line is especially prepared over real wood chips for four hours and comes in innovative flavors as the applewood turkey, applewood ham with herbs and garlic, pecanwood ham with brown sugar and pecanwood ham with sweet black pepper.

The company has also introduced the appealing and eye-catching packaging to all its new slow-smoked line products. The company introduced a bold, black package for the hardwood smoked products that come in the brand’s signature rectangular window.

Natural Choice Brand Manager, Samantha Hovland said, “We leaned into the real smoke and premium ingredients with this line and are offering consumers that great hardwood smoked flavor, without having to fire up the smoker.”

“Lunchtime is a busy time for people, so we’re helping take the guesswork out of it by providing products that are nutritious, convenient and customizable, and also packed with exciting, authentic flavors,” Samantha further added.

“While these are premium products, prepared using a prolonged meat smoking technique that’s sure to disrupt the category, we’re offering Natural Choice® hardwood smoked lunch meat to consumers at the same price point as our traditional Natural Choice® lunch meat line,” Samantha Hovland continued.

About Hormel Foods:

Hormel Foods is basically an Austin-based Food company that deals in a variety of premium meat products. The company has branches in over 80 countries and has a net revenue of $9 Billion. The company has got more than 30 famous brands. Some of the hottest brands of the company included, Columbus, Justins, SPAN, Hormel Natural Choice, Hormel Black Label, Wholly, SKIPPY, amongst others.

Inter-Dimensional Technologies Helps Companies To Monitor In-house Occupancy Amid Covid-19 Lockdown

Inter-Dimensional Technologies, a leading technology and software development company, has announced on Wednesday April 29, 2020 that the company has added an innovative feature to their RTC-P3 Electronic People Counter, which will help companies and corporations to monitor the in-house occupancy activities of their employees amid the Covid-19 lockdown.

According to the details released by the PR Newswire News Agency, the new innovative occupancy advancement of RTC-P3 Electronic People Counter to promote the social distancing practices to adhere to government mandates during the pandemic. The company was founded in the 1998 and the company’s primary product line is Electronic People Counter, which helps to count the number of people electronically.

Boss of Inter-Dimensional Technologies, Scott Cywinski said “Historically, most customers wanted electronic people counters to track the cumulative total number of people that enter a retail store or other public establishment, such as courthouses, museums and libraries.  However, in light of the COVID-19 Coronavirus pandemic, many companies are now contacting us in regards to tracking occupancy with our systems.”

“When non-essential businesses are allowed to reopen, they may be required to monitor their occupancy for a period of time, or otherwise simply want to promote social distancing, and give their customers peace of mind.  We expect public establishments from many industries to be contacting us for help in the near future,” Cywinski further added.

The system provided by the company allows customers to set an occupancy threshold by using their devices. After setting the initial threshold, when the system exceeds the threshold, the device will start a series of beeps. This series of beeping will immediately alert the employees that the maximum allowable occupancy has been exceeded.

Micah Litow Assumes Dual Responsibilities In Kalderos

Kalderos, the creator of drug discount management solution, has announced on Wednesday April 29, 2020 that the company has promoted the Company’s COO Micah Litow as the President of the company and he will now assume the responsibilities of both the President and Chief Operating Officer.

According to the details released by the PR Newswire News Agency, the company’s new President and COO will be responsible for leading additional business activities of the company, sales, marketing, product management, finance and as well as commercial operations.

Additionally, the Micah Litow would also oversee the functions of the new customer success teams and consolidated data management to create and unified a central team.

The newly appointed President of the company has joined the company back in 2018. He has experience in leading, launching and managing more than a dozen healthcare products, including consumables.

Sharing his thoughts over the new appointment, Micah Litow said, “We are an ambitious group of innovators with diverse backgrounds and skillsets and with a shared commitment to Kalderos’ mission and vision.”

“I am honored by this appointment and humbled by what we’ve collectively accomplished thus far. It’s a privilege to work alongside passionate individuals as we bring an infrastructure rooted in transparency to fruition,” added Micah Litow.

Co-founder and Chief Executive Officer of Kalderos, Jeremy Docken said, “Micah’s contributions have been instrumental in what we’ve achieved to this point and will continue to be for all that we have planned in the future. He’s a true leader and I am confident that he will thrive in his new role as we push toward our future.”

Kalderos Board Member and Director at Mercato Partners, Joe Kaiser said, “Kalderos’ team exudes the willpower needed to tackle complex healthcare issues — and Micah exemplifies this grit. “Kalderos’ mission and team will undoubtedly benefit from his recent appointment.”

Pohland Companies Appoints New Chief Financial Officer

The Pohland Group of Companies, a privately owned diversified group of organization spanning to Commercial Real Estate Development, automation and automobiles, have announced on Monday April 27, 2020 that it has appointed new Chief Financial Operations as Dennis Goetz, which will be responsible to regulate the company’s financial operations.

According to the details released by the PR News Wire News Agency, the newly appointed CFO will report to the Chief Administrator Officer, Matt Carter. Dennis Goetz will be responsible for regulating the analysis and financial reporting and will provide executive management and shareholders of the company with an appropriate understanding of the financial results. Furthermore, the newly appointed CFO will also adopt various business strategies, including the cash flow needs, financial returns, risks and capital.

Pohland Group of Companies Chief Executive Officer, Bert Colianni said, “We are thrilled that Dennis will be joining Pohlad Companies, bringing his deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning and accounting to our organization.”

“He will be a strong partner as we pursue our strategic growth priorities and continue to create long-term value,” Colianni further added.

It is important to mention that the newly appointed Chief Financial Officer of Pohland Companies has got nearly 3 decades of experience in accounting and finance in both private and public companies, including the Buda di Beppo, Carlson Group of Companies and United Sports Brand. Most recently he was the founder of Boyd Consulting Group, a management consulting practice that specialized in advising financial governance.

Mr. Dennis Goetz is a certified management accountant and he has earned his degree in Master of Business Administration from the University of Minnesota Carlson School of Management and he has earned his Bachelor’s degree from the University of Wisconsin, Eau Claire.

Omura Technology Secures 5 Million USD Funding For Expansion and Growth

Omura Technology, a leading platform and next-gen platform for effective consumption of whole flower hemp and Cannabis, has announced on Monday April 28, 2020 that it has successfully raised 5 Million USD funding for further expansion and growth of the company.

According to the details released by the PR News Wire News Agency, the company has further announced that the former Founder and Chief Executive Officer Canopy Growth Corporation, Bruce Linton has joined the company as the Strategic Advisor and has helped the company for fundraising.

The company’s new Strategic Advisor Bruce Linton has got years of experience in the Corporate sector and his last role of Founder and CEO of Canopy Growth Corporation helps the growth of the Cannabis Industry that is remarkable and will effectively add to the strategic goals of Omura.

Chief Executive Officer of Omura, Mike Simspon said, “Bringing our advanced heat-not-burn whole flower technology platform and brands to markets around the world is our objective.”

“Providing North America with an efficacious full spectrum cleaner alternative to regular vaporizers is our immediate goal. Having worked with Bruce for several months we have benefited from his counsel and expertise as he brings an advantageous set of industry skills and energy to Omura. This will undoubtedly strengthen our position as a new global platform for the consumption of cannabis and CBD hemp,” said CEO of Omura Technology Mike Simpson.

Company’s new Strategic Advisor, Bruce Linton said, “I enjoy working with the Omura team. They have deep design and technology expertise in the heat-not-burn technology.”

“I am excited by the opportunities that Omura’s vision and technology bring to the global cannabis industry,” said Mike Simpson.

Omura Technology has decided to expand its businesses across the USA, including Canada by the year of 2020.

Stock News Buzz: Haemonetics Corporation (NYSE:HAE)

Haemonetics Corporation (NYSE:HAE) changed 4.69% to recent value of $107.57. The stock transacted 410282 shares during most recent day however it has an average volume of 611.78K shares. It spotted trading -23.36% off 52-week high price. On the other end, the stock has been noted 69.64% away from the low price over the last 52-weeks.

On April 17, 2020, Haemonetics Corporation (NYSE:HAE) a global medical technology company focused on delivering innovative hematology solutions to drive better patient outcomes, reported the election of Michael Coyle to its Board of Directors.

Coyle serves as the Executive Vice President and Group President, Cardiac and Vascular Group for Medtronic where he oversees four of the company’s business divisions, providing strategic direction and ensuring the alignment of integrated growth plans and cross-functional synergies.

Coyle previously served on the boards of VNUS Medical Technologies and Volcano Corporation, medical device companies responsible for making catheter-based products.

Mike brings years of valuable expertise in the medical device space, including building global businesses and bringing technologies to important medical markets, that will be an asset as Haemonetics pursues transformational growth and advances its Innovation Agenda, said Richard J. Meelia, Chairman of Haemonetics’ Board of Directors.

Before joining Medtronic, Coyle provided leadership consulting services to private equity, venture capital and medical device technology firms. From 2001 to 2007, he served as a divisional president at St. Jude Medical where he led the company’s global pacemaker, implantable cardioverter defibrillator, and cardiac resynchronization businesses. Coyle also led the company’s Daig Catheter division in an earlier president role. Additionally, he held numerous leadership positions at Eli Lilly & Company.

HAE has a gross margin of 50.40% and an operating margin of 10.10% while its profit margin remained 8.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -24.20% for this year while earning per share for the next 5-years is expected to reach at 12.00%.

The company has 50.41M of outstanding shares and 49.86M shares were floated in the market. According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.12% from the mean of 20 days, 3.19% from mean of 50 days SMA and performed -8.71% from mean of 200 days price. Company’s performance for the week was 7.08%, 44.70% for month and YTD performance remained -6.38%.

News to Watch: Welltower Inc. (NYSE:WELL)

Welltower Inc. (NYSE:WELL) spotted trading -47.30% off 52-week high price. On the other end, the stock has been noted 102.31% away from the low price over the last 52-weeks. The stock changed 3.94% to recent value of $49.1. The stock transacted 4516823 shares during most recent day however it has an average volume of 4.44M shares. The company has 374.22M of outstanding shares and 374.22M shares were floated in the market.

On April 17, 2020, Welltower Inc. (NYSE:WELL) issued the following statement regarding the ongoing COVID-19 pandemic:

Welltower’s primary focus is on the ongoing support of our operating partners through these unprecedented times, commented Thomas J. DeRosa, Chairman and CEO.  We have made progress on the procurement and distribution of critical supplies, including PPE, and will continue to pursue all available options to further assist our operators throughout this pandemic.  While the impact of COVID-19 on our industry remains uncertain, we remain committed to making informed decisions during these turbulent times which we believe will lead to the long-term success of the Company, he added.

Seniors Housing Operating Portfolio Update

Since our last update on April 1, 2020, occupancy within our Seniors Housing Operating (SHO) portfolio has declined further as move-in criteria and screening have intensified in states more heavily impacted by COVID-19 including New York, New Jersey, Massachusetts and Washington. Between March 27, 2020 through April 3, 2020, occupancy within our total SHO portfolio fell 0.6% from 85.4% to 84.8%.  Subsequently, the portfolio experienced an additional 0.6% decline to 84.2% through April 10, 2020.  We anticipate further occupancy losses going forward as the number of communities with comprehensive move-in restrictions will likely expand to additional markets.

During the first quarter of 2020, SHO portfolio operating expenses had trended slightly below expectations through February.  However, the portfolio incurred approximately $7 million of unanticipated property level expenses associated with the COVID-19 pandemic in March 2020, driven by higher labor costs coupled with expenditures related to procurement of personal protective equipment and other supplies. While the anticipated decline in future SHO portfolio occupancy may result in some commensurate variable cost savings, we expect total SHO portfolio expenses during the pandemic to rise by approximately 5% relative to our original budget.

Its earnings per share (EPS) expected to touch remained 31.40% for this year while earning per share for the next 5-years is expected to reach at 13.00%. WELL has a gross margin of 48.10% and an operating margin of 21.40% while its profit margin remained 24.10% for the last 12 months.

The price moved ahead of 6.19% from the mean of 20 days, -21.81% from mean of 50 days SMA and performed -38.84% from mean of 200 days price. Company’s performance for the week was -13.25%, 47.80% for month and YTD performance remained -39.96%.

Stock News Update: Ribbon Communications Inc. (NASDAQ:RBBN)

Ribbon Communications Inc. (NASDAQ:RBBN) stock observed trading -50.08% off 52-week high price. On the other end, the stock has been noted 51.79% away from low price over the last 52-weeks. The stock disclosed a move of 0.96% away from 50 day moving average and -27.27% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.82% off 20-day moving average. It has market cap of $323.62M.

On April 9, 2020, Ribbon Communications Inc. (NASDAQ:RBBN) a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, released that LogMeIn (Nasdaq: LOGM), a market leader in remote work, including solutions for unified communications and collaboration (UCC), identity and access management, and customer engagement and support, is leveraging key solutions from Ribbon’s comprehensive cloud and edge software portfolio to help meet increased network traffic demands.

Due to the impact of the COVID-19 pandemic, many organizations are increasingly turning to LogMeIn’s popular UCC portfolio, including products like GoToMeeting and GoToWebinar, to support their remote workforces. Ribbon’s market-leading Session Border Controller (SBC) 7000, Policy and Routing Solution (PSX), C3 Call Session Controller, and G9 Media Gateway all support LogMeIn’s advanced Competitive Local Exchange Carrier (CLEC) and Public Switched Telephone Network (PSTN) operations for the company’s UCC products. In addition, LogMeIn is taking advantage of Ribbon’s Network-Wide License (NWL) model with burst licensing to enable greater flexibility to meet dynamically changing network capacity demands.

The USA based company Ribbon Communications Inc. moved with change of -2.95% to $2.96 with the total traded volume of 485740 shares in recent session versus to an average volume of 422.16K. The stock was observed in the 5 days activity at 6.47%. The one month performance of stock was 14.73%. RBBN’s shares are at -8.92% for the quarter and driving a -43.08% return over the course of the past year and is now at -4.52% since this point in 2018.  Right now the stock beta is 0.81. The average volatility for the week and month was at 8.01% and 13.26% respectively. There are 109.33M shares outstanding and 83.00M shares are floated in market.

Notable News to Watch: Tarena International (NASDAQ:TEDU)

Tarena International (NASDAQ:TEDU) spotted trading -37.61% off 52-week high price. On the other end, the stock has been noted 394.69% away from the low price over the last 52-weeks. The stock changed -4.76% to recent value of $3.4. The stock transacted 458604 shares during most recent day however it has an average volume of 457.47K shares. The company has 53.08M of outstanding shares and 30.14M shares were floated in the market.

On April 9, 2020, Tarena International (NASDAQ:TEDU) notified that its board of directors (the Board) has appointed Mr. Yongji Sun as the Company’s Chief Executive Officer, effective on April 9, 2020. While resigning from the position of chief executive officer, Mr. Shaoyun Han, founder of the Company, will continue to serve on the Board.

Mr. Sun has served as an independent director of the Company since April 2014. Mr. Sun currently serves as the Chairman of Dilato Infotech Ltd. Between 2011 and 2014, Mr. Sun served as the Chief Executive Officer of Shangxue Education Technology Inc. Between 2005 and 2011, Mr. Sun served as Executive Vice President at Pactera Technology International Ltd., or Pactera (a Nasdaq listed company from 2010 to 2014). Prior to joining Pactera in November 2005, Mr. Sun co-founded Ensemble International Ltd. in 2002 and served as its Chief Executive Officer from 2003 to 2005. He founded and served as Chief Executive Officer of Newland Network Co. from 2000 to 2002. He established China R&D Center for Lotus Development Corporation (Lotus was later acquired by IBM) in 1993 and served as its R&D head until 1998. Mr. Sun received his bachelor’s degree in Computer Science from North-East Machinery Institute in 1985, master’s degree in Computer Science from Nanjing Aerospace & Aeronautic University in 1988, and MBA from Babson College, MA, U.S.A in 2000.

Mr. Shaoyun Han commented, We are pleased to welcome Mr. Sun as Tarena’s new Chief Executive Officer. His prior contributions to the Company, broad executive level experience and deep knowledge of China’s IT and education industries make him an ideal leader in helping to guide Tarena through the next stages of its transformation and further strengthening the Company’s leadership position in our industry.

The price moved ahead of -3.78% from the mean of 20 days, 8.15% from mean of 50 days SMA and performed 85.89% from mean of 200 days price. Company’s performance for the week was -6.85%, -0.29% for month and YTD performance remained 73.47%.