Business Economics & Public Policy

Examine your own electronic meetings procedure plus consider moving public conferences online Last week Chief excutive Herbert issued an professional order modifying OPMA needs for online meetings. Because of our commitment to security and Utah’s combined attempts to handle the spread associated with COVID-19, ULCT’s 2021 Nearby Officials Day is terminated this season. The Utah Condition Capitol will be not available for outside public occasions during the legislative program.

Public Business

For 2020, net revenue is expected to rise to $583 million with Adjusted EBITDA expected to increase to approximately $152 million. These projections exclude the impact of any future additional acquisition activity, and based on the current pipeline of acquisitions, the company believes it can add approximately $100 million of acquired revenue each year. Richard Barasch, who will be appointed Chairman of AdaptHealth upon closing of the transaction, was Chairman and CEO of Universal American, an NYSE-listed health insurance and healthcare services company until its sale to WellCare Health Plans in 2017. Founded in 2012 and headquartered in Plymouth Meeting, PA, Adapt offers a full suite of medical products for both rental and sale, with a focus on respiratory and/or mobility equipment, including CPAP sleep equipment, oxygen equipment, wheelchairs, walkers, and hospital beds. Adapt serves over 1. 0 million patients and performs 7, 000 deliveries per day across 49 states through more than 150 locations. The Company has created a scalable, purpose-built, and centralized operating platform that optimizes client service and delivery, improves compliance, drives operational and financial efficiencies, and increases enterprise-wide profitability. Being public will give DMS’ social responsibility initiatives a broader platform and hold others accountable as well, Marinucci said.

DMS has its own social responsibility initiatives, including its upcoming Heroes & Legends Ultramarathon to raise funds and awareness for veteran mental health services. The company has a commitment to go “carbon negative, ” meaning the company will remove more carbon from the atmosphere than it generates. Leo was established in 2018 as a “blank check” company, set up specifically to acquire another firm. Last April, Leo had a deal to buy Queso Holdings, the parent company of Chuck E. Cheese, but Queso withdrew from that agreement in late July. So Dais applied for, and received, a PPP loan of $54, 430, as well as an Economic Injury Disaster Loan worth $150, 000. The company shuffled its budget to put the PPP money toward payroll, and as a result didn’t have to cut its staff of 12 while trying to push out new products.

Old Republic Professional has provided Directors and Officers liability insurance without interruption for more than 30 years on both a primary and an excess basis, and currently ranks among the nation’s top 20 underwriters of D&O insurance. The company serves all industry sectors, and is a leader in technology, biotechnology, and life science firms, currently insuring 50 percent of the NASDAQ 100 Index and 60 percent of the NASDAQ Biotechnology Index. Some of the financial information and data contained in this press release, such as adjusted EBITDA, has not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). A reconciliation of certain of these non-GAAP financial measures to their most comparable GAAP measure is set forth in a stand included at the end of this press release. No offer of securities shall be made except by means of a definitive document. Adapt’s net revenue has grown from $174 million in 2016 to an estimated $522 million in 2019. Adjusted EBITDA has increased from $33 million in 2016 to an estimate of more than $130 million in 2019.

Tim Tangredi was in Wuhan, China, in January, days before the coronavirus shut the country down. The CEO of Odessa’s Dais Corporation was there meeting clients for his business, which develops nanotechnology for polymers used in various products, and he had to scramble to get home. Nobility Homes, a modular home manufacturer in Ocala, applied for a PPP loan at the start of the pandemic, when it looked like a lockdown might last months.

When it became clear the company would survive without laying off workers, it returned its $1. 75 million. On May 4, Cool Technologies, LLC, which has patents on motor cooling technology and has two full-time and two part-time employees, received a PPP loan of $52, 612. In the six weeks prior, the company had defaulted on three loans worth a combined $625, 000. The company has lost $52 million since inception, according to its most recent annual report; and as of Dec. 31 had just $15, 306 in cash on hand. Even with the PPP loan, the report said, the company had “substantial doubt” it could survive past this summer. To date, the Treasury has only named recipients who got more than $150, 000, and even then, their loan sizes had been listed as a variety, not really a specific amount. The particular government did list particular dollar figures for loan products worth lower than $150, 500, but not the businesses that will got them.