During Friday’s current trade, Quantum Corp (NYSE:QTM)’s shares decline -1.03% to $1.93.
Quantum Corp (QTM) has signed a definitive agreement (the “Agreement”) to acquire Columbus Hospital LTACH, LLC (the “LTACH”) http://columbusltach.org/, a company operating a long term acute care hospital in New Jersey (the “Acquisition”).
The LTACH is presently running on a four month unaudited annualized basis of about US$40,000,000 in revenue and about US$13,500,000 of EBITDA. QIIC’s legal counsel engaged independent consultants, Navigant Consulting Inc., to conduct a compliance review which has been accomplished. In addition, an independent external auditor was retained to conduct a financial review of the LTACH, which is ongoing.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage and archive products comprise StorNext File System software, which provides file sharing, storage, and archive for content workflows, digital libraries, and data repositories; StorNext Storage Manager software that automatically copies and migrates data between different tiers of storage based on user-defined policies; StorNext appliances that offer predictable file sharing and in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; and Lattus Object Storage solutions, which enable high volumes of data to be accessible at any time to extract valuable information.
In a mid-morning trade, UDR, Inc. (NYSE:UDR)‘s shares surge 0.59% to $32.59.
UDR, Inc. (UDR) declared that Standard and Poor’s (“S&P”) upgraded the Company’s senior unsecured rating to BBB+ from BBB. The rating outlook is stable.
S&P based the ratings upgrade on the Company’s improved credit metrics, and improvement to its competitive position due to the diverse portfolio and above-average asset quality.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities.
Ingersoll-Rand PLC (NYSE:IR), during its Friday’s current trading session 0.52% gain and closed at $70.01.
Ingersoll-Rand PLC (IR) a world leader in creating comfortable, sustainable and efficient environments, as vice president and chief accounting officer, effective right away. Kuehn will serve as the company’s principal accounting officer and be responsible for planned leadership and oversight of financial reporting, operational finance and technical accounting at Ingersoll Rand.
Kuehn joins Ingersoll Rand from Whirlpool Corporation where he served for three years as vice president, corporate controller and chief accounting officer. Prior to Whirlpool, Kuehn spent six years at SPX Corporation, most recently serving as chief financial officer for the thermal equipment and services segment of SPX. He was at PricewaterhouseCoopers for 12 years before SPX Corporation serving in financial leadership positions.
Kuehn will report to Carter as part of her leadership team and relocate to Davidson, N.C.
He holds an MBA from University of Rochester, a bachelor’s degree in accounting from State University of New York College at Geneseo. Kuehn is a certified public accountant.
Ingersoll-Rand plc, together with its auxiliaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers heating, ventilation, and air conditioning (HVAC) systems, in addition to commercial and residential building services, parts, support, and controls under the Trane and American Standard brands; and transport temperature control solutions under the Thermo King brand.
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