On Wednesday, Shares of General Electric Company (NYSE:GE), gained 2.89% to $24.57.
GE Capital’s Healthcare Financial Services (HFS) business declared recently that it served as administrative agent on a $55 million senior credit facility to recapitalize the Community Intervention Services, Inc. (CIS) balance sheet, support CIS’s acquisition of Futures Behavior Therapy Center, LLC and provide additional capacity for targeted acquisitions. GE Capital Markets served as sole lead arranger and bookrunner on the transaction.
CIS, based in Austin, TX, is a leading provider of behavioral health services that cares for more than 50,000 patients annually. CIS was established by private equity firm H.I.G. Growth Partners, in partnership with behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialized behavioral health treatment facilities and programs.
Headquartered in Beverly, MA, Futures Behavior Therapy Center is a clinic-based provider of treatment and education services for children with autism spectrum disorders and other developmental disabilities.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Alibaba Group Holding Limited (NYSE:BABA), inclined 1.10% to $65.54, during its last trading session.
Alibaba Group declared the opening of the Robert Mondavi Wines exclusive flagship store on Tmall.com, to officially kick off its newly launched “Tmall Vineyard Direct” program on its Tmall.com marketplace, China’s largest third-party platform for brands and retailers.
Robert Mondavi, one of the most historic and esteemed wine brands in California, has chosen Tmall.com as the first and only online destination to reach hundreds of millions of consumers in China. It reflects Tmall’s status as the premiere platform for brands and retailers who wish to establish their online presence and direct engagement with customers. The opening of the Robert Mondavi Wines flagship store on Tmall.com marks the official launch of the “Tmall Vineyard Direct” program, where Tmall will work directly with wineries globally, to bring the finest and best selection of wines from around the world to the Chinese consumer market. With the opening of the exclusive flagship store on Tmall.com, Chinese consumers will be able to purchase a wide range of authentic, high-quality Robert Mondavi wines bottled and shipped from the wineries in the U.S., counting labels such as Robert Mondavi Winery, Robert Mondavi Private Selection, Woodbridge by Robert Mondavi, and Twin Oaks by Robert Mondavi.
Growing its business internationally is a planned priority for Alibaba Group because its mission is “to make it easy to do business anywhere”. The increasing number of international agreements and activities over the past several months reflects one element of Alibaba Group’s globalization strategy as outlined by Chairman Jack Ma in June 2015 – to assist brands and companies of all sizes sell their goods to the growing Chinese consumer class.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally.
Finally, CVS Health Corporation (NYSE:CVS), ended its last trade with 0.84% gain, and closed at $101.11.
The decision to stop tobacco sales at all of its drugstores a year ago caused people to buy 1% fewer packs of cigarettes in 13 states, CVS Health says in a new study out Thursday.
The new study contrast total sales of tobacco products at all types of stores in the 13 states where CVS has more than 15% of market share with sales in states that don’t have any CVS stores.
The study, conducted by CVS’ Health Research Institute, evaluated cigarette pack purchases at drug, food, mass merchandise, dollar, convenience and gas station stores in the eight months after CVS stopped selling tobacco products. Over the same period, the average smoker in these states purchased five fewer cigarette packs. Overall, about 95 million fewer packs were sold, CVS said.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments.
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