On Friday, Becton, Dickinson and Co. (NYSE:BDX)’s shares inclined 0.70% to $141.83.
Becton, Dickinson and Co. (BDX) declared the successful implementation of the Alaris® System across all four WellSpan hospitals, with WellSpan York Hospital becoming the first hospital ever to simultaneously go-live with new infusion devices and bi-directional interoperability between the infusion device and the electronic health record (EHR).
Infusion device interoperability connects the health system’s Alaris System smart infusion pumps with the hospital’s EHR and is designed to assist reduce the risk of harmful and costly intravenous (IV) medication programming errors at the patient bedside. The solution enables bi-directional communication between the infusion pump and the EHR for both syringe pumps and large volume infusions.
Becton, Dickinson and Company, a medical technology company, develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. The companys BD Medical segment produces medical devices, such as needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; syringes and pen needles for use in the treatment of diabetes; prefillable drug delivery systems; anesthesia needles and trays; sharps disposal containers; and closed-system transfer devices.
Government Properties Income Trust (NYSE:GOV)’s shares gained 0.68% to $19.37.
Senior Housing Properties Trust (SNH), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Government Properties Income Trust (GOV) (each a “REIT” and, collectively, the “REITs”) recently declared that they have attained combined economic ownership of about half of Reit Administration & Research LLC (“RMR”). Each of the REITs is managed by RMR and, simultaneously with the REITs’ acquisition of ownership in RMR, the administration agreements with RMR were amended and extended for 20 year terms. The REITs’ ownership in RMR is held indirectly through a new holding company of RMR (“RMR INC”). Following the agreements entered for this transaction, the REITs have agreed to distribute about half of the RMR INC shares held by them to their shareholders as a special dividend, and RMR INC has agreed to facilitate this by filing a registration statement with the Securities and Exchange Commission (the “SEC”) to register the RMR INC shares to be distributed and by seeking a listing of those shares on a national stock exchange upon the registration statement being declared effective by the SEC.
In addition to the value of the RMR INC shares distributed to the REITs’ shareholders, the predictable benefits of these transactions to the REITs’ shareholders comprise:
- Further alignment of interests among RMR administration, the REITs and the REITs’ shareholders because the REITs and their shareholders own RMR INC shares.
- Further alignment of interests among RMR administration, the REITs and the REITs’ shareholders because the historical owners of RMR have become owners of a noteworthy number of restricted shares of each of the REITs and those shares are subject to 10 year lock up agreements.
- Providing greater transparency for the REITs’ shareholders into RMR administration, counting RMR’s financial and operating results.
- The REITs will continue to benefit from low general and administrative costs which RMR administration provides to each REIT.
Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Company’s properties are located in Alabama, Arizona, California, Florida, Kentucky, Massachusetts, New Jersey, New York, Texas, Washington and Wyoming. The Company’s properties (64 buildings), with about 7.7 million rentable square feet, are primarily leased to the United States Government, 18 of those properties (24 buildings), with about 2.6 million rentable square feet primarily leased to 12 state governments, one of those properties (one building), with 187,060 Rentable square feet, is leased to the United Nations, an international intergovernmental organization, and three of those properties (three buildings), with 507,788 rentable square feet primarily leased to non-government tenants.
At the end of Friday’s trade, Verisk Analytics, Inc. (NASDAQ:VRSK)‘s shares dipped -0.11% to $75.25.
Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, recently declared a new planned alliance with global connected-car company Intelligent Mechatronic Systems Inc. (IMS), a leading provider of comprehensive insurance telematics services. Verisk Insurance Solutions is a Verisk Analytics (VRSK) business.
Backed by sophisticated telematics models filed in most U.S. states, Verisk Insurance Solutions has aligned with IMS because of its well-defined and proven approach to deploying successful insurance telematics programs worldwide. This planned alliance signifies the extension of IMS strategy to continue offering insurers best-of-class choices for driver analytics insight.
Verisk Analytics, Inc. provides information about risk to professionals in insurance, healthcare, financial services, government, supply chain, and risk administration in the United States and internationally.
Century Aluminum Co (NASDAQ:CENX), ended its Friday’s trading session with -2.53% loss, and closed at $11.17.
Century Aluminum Co (CENX) and unionized workers at its Hawesville, Kentucky, smelter resumed negotiations on Friday, more than three weeks after a lockout began, the local chapter of the United Steelworkers said in a post on its website.
Talks will continue on Monday after a recess this weekend, the union said. Output at the 244,000 tonne-per-year smelter has not been affected, according to Century, which is controlled by Swiss commodities tradehouse Glencore.
Century Aluminum Company, together with its auxiliaries, produces primary aluminum in the United States and Iceland. It produces standard grade and value-added primary aluminum products; and carbon products, such as anodes and cathodes. The company was founded in 1981 and is headquartered in Chicago, Illinois.
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