On Monday, Tenet Healthcare Corp (NYSE:THC)’s shares inclined 0.81% to $59.91.
Tenet Healthcare Corporation (THC) has accomplished its formerly declared joint venture transaction with Welsh, Carson, Anderson & Stowe that combines the short-stay surgery and imaging center assets of Tenet and United Surgical Partners International (“USPI”) to create the leading U.S. short-stay surgery platform.
As contemplated in the original agreement declared on March 23, 2015, Tenet contributed its interest in 49 ambulatory surgery centers and 20 imaging centers to the joint venture and refinanced about $1.5 billion of existing USPI debt, which will be allocated to the joint venture through an intercompany loan. Tenet also made an about $404 million payment to pre-existing USPI shareholders to align the respective valuations of the assets contributed to the joint venture. Tenet owns 50.1% of the new USPI and will consolidate USPI’s financial results. Welsh Carson and the other existing shareholders in USPI own the remaining 49.9%. A pre-determined put-call structure provides a path to full ownership of USPI by Tenet over the next five years. Bill Wilcox will continue to lead USPI as chief executive officer and Brett Brodnax, president and chief development officer of USPI, will lead the company’s strategy and growth efforts. Kyle Burtnett, senior vice president for outpatient services at Tenet, will join USPI as president of ambulatory services and take on the additional role of chief integration officer for the new venture.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
Trina Solar Limited (ADR) (NYSE:TSL)’s shares gained 2.40% to $10.44.
Trina Solar Limited (TSL) a global leader in photovoltaic (“PV”) modules, solutions, and services, recently declared that its cooperation with a local Malaysian partner, an original equipment manufacturer (OEM), to develop 500MW of solar module capacity is on track and the local partner has shipped modules to the Company as planned. Moreover, the Company’s aim of producing 400MW of solar modules this year as a part of this cooperation remains unchanged. The cooperation is part of Trina Solar’s geographical diversification strategy, and is in line with the Company’s asset-light strategy to localize production in various key markets that the Company believes have promising solar demand.
Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions. The company designs, develops, manufactures, and sells photovoltaic (PV) modules comprising monocrystalline and multicrystalline PV modules ranging in various power outputs for use in residential, commercial, industrial, and other solar power generation systems. It also provides mono- and multi-crystalline silicon ingots, wafers, cells, and related products, in addition to PV modules based on customer and end-user specifications.
At the end of Monday’s trade, Lam Research Corporation (NASDAQ:LRCX)‘s shares surged 0.94% to $79.27.
Lam Research Corporation (LRCX) declared it will host an investor and analyst meeting in San Francisco on Tuesday, July 14, 2015, from 9:00 a.m. to 11:00 a.m. Pacific Time at the Park Central Hotel (formerly known as the Westin San Francisco Market Street). The meeting, which coincides with SEMICON® West 2015, will serve as a general update for investors and analysts on Lam’s strategy and operations. A live webcast and replay of the meeting will be accessible to the public on the Investors section of the company’s website.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The company provides thin film deposition products, counting SABRE Product Family for copper damascene manufacturing; ALTUS systems deposit conformal atomic layer films for tungsten metallization applications; VECTOR family of plasma-improved chemical vapor deposition systems for the deposition of ashable hardmasks, oxides, nitrides, carbides, and anti-reflective layers; SPEED high-density plasma-chemical vapor deposition products for applications in STI, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing product family for the treatment of back-end-of-line low-k dielectric films and front-end-of-line silicon nitride strained films.
United Parcel Service, Inc. (NYSE:UPS), ended its Monday’s trading session with 0.83% gain, and closed at $97.76.
UPS (UPS) declared that customers in the northern Netherlands will now be served out of a new 4,000 square-meter facility in Heerenveen. The new facility for package sorting and delivery employs 170 people, accommodates 55 delivery trucks and can sort 2,500 packages per hour. As the new center for UPS’s activities in the region, it is the base for providing reliable logistics and transport services to customers in Friesland, Groningen, Drenthe and the northeast region of the Flevoland province.
UPS drivers worldwide are among the safest on the roads, logging more than 4.8 billion kilometers per year and delivering more than 4 billion packages safely. Before ever making a delivery, all UPS drivers are taught safe driving methods through the company’s defensive driving platform and the training continues throughout their careers.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
