Soft Bank successfully Acquires Fortress Investment Group

Softbank Group Corp. announced the completion of the acquisition of Fortress Investment Group as previously announced. The transaction added up to $3.3 billion. The Soft Bank Group and its subsidiaries inherited all the shares belonging to Fortress Investment Group. The initiation of the process took place on July 12, 2017, ended successfully as approved by the Fortress shareholders. According to the Merger Agreement outlined in the Fortress’ Definitive Proxy on June 7, 2017, the merger proceeds would be distributed according to the payment procedures. Additionally, every class A Fortress share converts to the right to receive $8.08 in cash per share. The payment includes 38.6% premium above the closing price of Fortress shares and 51.2% company’s 3-month volume-weighted average price except for the dividends. Fortress stocks stopped trading and therefore delisted from the New York Stock Exchange list. Visit http://www.vault.com/company-profiles/investment-management/fortress-investments/company-overview

After the Acquisition date that closed on December 27, 2017, Fortress Investment Group’s financial annual results would be consolidated and reflected on the Soft Banks consolidated financial report. However, the Soft Bank Group would announce the impacts of the same as necessary. Independent and full Boards of Directors of Fortress unanimously agreed of the process. The operations of Fortress would take place independently in the Softbank Group’s headquarters in New York. Additionally, the three Fortress leaders, Wes Edens, Paul Briger, and Randal Nardone would continue leading Fortress under the support of Soft Bank Group. Soft Bank promised to continue supporting Fortress through brand, business model, personnel, processes, and culture.

The Soft Bank Group is an Information Revolution technology player that specializes in internet services, Artificial Intelligence, Smart Robotics, Information Technology, advanced telecommunications, and clean energy technology. On the other hand, Fortress Investment Group is a prominent global investment company. The company’s assets were valued at $36.1 billion as at September 30, 2017, before the completion of the acquisition. The company has 1,750 private investors and institutional clients worldwide. The company manages assets on their behalf through individual equity investment strategies, permanent capital, credit, and real estate. The Chairman and Chief Executive Officer of Soft Bank Group, Masayoshi Son, pointed out that the group would benefit from the excellent record of accomplishment of Fortress.

Read more on wikipedia.org

Exceptional Executives at InnovaCare Health: Rick Shinto and Penelope Kokkinides

Rick Shinto: M.D. and M.B.A.

Rick Shinto is a key executive at InnovaCare Health. He is currently the president and chief executive officer at the company and has more than 25 years of experience in the healthcare industry. Mr. Shinto started as a specialist of internal medicine and pulmonologist in Southern California. He worked at MedPartners from 1995 to 1997 as the chief operating officer and chief medical officer. He also served at Cal Optima Health, which is a Medicaid Plan in Orange County, California, where he was the chief medical officer. Mr. Shinto started as a member of the management team at Aveta Inc. in 2008. He was later named the president of Aveta Inc. where he remained until the company was sold in 2012.

Dr. Shinto’s dedication to managing healthcare plans has earned him a number of prestigious awards. He was presented with the Access to Caring Award for his contributions to helping those in need attain quality healthcare plans. He was also named the Entrepreneur of the Year in 2012 and was a Top Minority Executive in 2018. Dr. Shinto serves on the board of directors for America’s Physician Groups and America’s Health Insurance Plans.

Rick Shinto has a bachelor’s degree from the University of California at Irvine and a medical degree from the State University of New York at Stony Brook. He also received his M.B.A. from the University of Redlands.

Penelope Kokkinides

Penelope Kokkinides is a key player at InnovaCare Health. She previously served with the company as the chief operating officer and is currently the chief administrative officer at InnovaCare Health. She was the vice president at Aveta Inc. charged with overseeing clinical operations and was the vice president and chief operating officer at Centerlight HealthCare. Penelope Kokkinides was also the chief operating officer at Touchstone Health and the corporate vice president at AmeriChoice.

InnovaCare Health

InnovaCare Health is a privately-held corporation that is located in New Jersey. The company offers quality healthcare services with two divisions that are Medicare Advantage Programs and Provider Networks. The two primary programs that the company provides are PMC Medicare Choice and MMM Healthcare. The company’s Medicare Advantage healthcare plan was given the highest accreditation from the National Committee for Quality Assurance in 2011. The primary mission of the company is to offer sustainable and affordable healthcare plans. InnovaCare Health currently has more than 200,000 registered members and 7,500 network providers.

https://hired.com/company/innovacare-health

OSI Food Solutions wins Second Globe of Honour

OSI Food Solutions, an international supplier of food products, recently doubled chicken production at their Spain branch. Previously, the company was producing 12,000 tons of chicken annually; now they are producing 24,000 tons. The expansion cost the company 17 million euros.

This raises the Toledo, Spain branch’s production to a total of 45,000 tons annual. This number includes beef and pork products as well. The change added 20 new jobs to the factory, raising employment numbers from 140 to 160.

OSI Food Solutions began as a family owned butcher shop in Illinois. It has since grown into what it is today – an international supplier of several fast food chains. McDonald’s was their first and biggest client. They have been partnered together since the 1950s. In the 1980s, with the invention of flash freezing technology, the two companies grew by leaps and bounds.

OSI doesn’t merely work with fast food suppliers. They are also growing by purchasing other companies. Baho Foods and Flagship Europe are two recent acquisitions.

Baho Foods, a Dutch company, comes with several subsidiaries with the purchase. Gelderland Frischwaren, Hakx Foods, Q Smart Life and more are all now under new ownership. Baho Foods produces meat products and snacks.

Another recent acquisition by OSI was an old Tyson production plant in Illinois. This purchase enables OSI to operate on a wider scale, further adding to their immense production lines.

OSI Food Solutions is also working to limit their environmental footprint. In fact, they received the 2016 Globe of Honour for their involvement in environmental management. Only companies that are proactive in environmental waste management are considered for the award. This is OSI Food Solutions’ second time receiving the award. The award is given out by the British Safety Council.

Lynda Armstrong, of the British Safety Council, congratulated OSI on its award saying: “On behalf of the trustees and staff of the British Safety Council, I sincerely congratulate OSI Food Solutions UK Ltd on winning a Globe of Honour for 2016.”

https://www.kununu.com/de/osi-food-solutions-germany-osi-group-inc

How OSI Group Dominated the Market

McDonald, that sources food from OSI Group, is a good example of a food processing company that is well-known because of their delicious fries, hamburgers and burgers. The company was introduced some decades back and currently its success is evident based on the significant number of food stores and outlets around the United States.

With such an influence in the consumer market, one thing you should expect critics from other competitors. Since the foods offered are fast foods, we tend to think that the foods are high in ingredients and species. Foods in McDonald are made with minimal or no species at all and below are some of the steps followed by this food company in making hamburger; one of their top foods.

Hygiene is Essential

For any food company such as OSI Group and not only in McDonald, hygiene is important. You are producing consumable products and a small error in hygiene could have negative impacts to your consumers and overall business as well.

Once a McDonald worker is reported to be sick, they are given a sick-off period to visit a doctor and they have to fully recover before they can return back to work. Working with an healthy employee is one way of maintaining the company’s hygiene. Apart from health wise of the employee, essentials such as wearing the required gears is also essential.

The Meat is then Checked

Hamburgers is basically made of meat and before they start making this food, the first step is to ensure the meat has no bones. McDonald get their meat from a number of slaughterhouses and before the meat is used, the company first checks if it is contaminated.

Once the meat is checked for contamination and bones, the meat is then passed through a special machinery where it is minced. The machine is also responsible to ensure any remaining small bones in the meat are gotten rid off.

After confirmation that the minced meat is ready, the meat is then placed in special separate containers where it is shaped into burger parties. Since the meat is at large quantity, you will need a storage unit to prevent it from going bad and in McDonald, there cold machineries specifically used for keeping the burger parties from going bad. Such machineries are found in OSI Group.

Hamburgers are mostly made of meat and abit of vegetables and usually are from OSI Group that do not need additional species. After the minced meat are shaped into the burger parties, they are then cooked over a medium temperature pan before they are naturally packed and transported to their different outlets.

The Chainsmokers Continue to Be Themselves

The Chainsmokers are nothing new. In fact, they have been around for quite some time, and they have been on the charts for over two years. They squeezed into the top 10 in 2015 with their hit song, Roses,” and they haven’t really slowed down.

They have changed their tune a bit though which reflects the changes in their personal lives since they sing from the heart. The duo is made of Alex Pall and Drew Taggart, and they have churned out many hits including, Paris,” “Something Just Like This,” and “Closer,” which they recorded with up-and-coming artist Halsey.

They also created the Grammy-winning hit, “Don’t Let Me Down.” Taggart and Pall recently released their hit, “Sick Boy,” which is a bit darker than their more poppy hits. This hit came to be as the duo hit a new chapter in their lives. Their music is a direct reflection of them and their experiences, so it is natural for their songs to reflect this. They hadn’t put out a song in quite some time, and Sick Boy shows just how much the duo has matured and grown up. The song melds together many feelings such as anger and frustration, and many people can relate to their music because they address feelings that we all feel.

The duo broke many records in the last few years, and they’re excited to produce more songs. They have high standards and want to covey what they feel through their music. Their journey has seemed quite surreal, and they have been on an amazing journey. It can be easy to get wrapped up in all of that but they have managed to stay grounded, and they plan on making more songs similar to “Sick Boy.”

The duo still has plenty to sing about so their fans can look forward to hearing more new songs very soon. The two really push each other which makes them work harder, and they are never satisfied until they put out their very best work. No matter what their sound is like, their fans seem to gravitate to their music.

https://www.last.fm/music/The+Chainsmokers

Carlos Alberto De Oliveira Andrade Is a Brilliant Example of Smart Entrepreneur

Boris Feldman, a very popular journalist in Brazil, who is heavily involved in the automobile industry and competitive motorsport activities, called attention to Carlos Alberto de Oliveira Andrade, the creator of CAOA, the major car distributor and manufacturing corporation in Latin America.

Specifically, Feldman recalled an interview with Carlos Alberto de Oliveira Andrade, also known as Dr. Carlos, conducted in 2012, during which Feldman asked Dr. Carlos regarding his dream, and the latter responded immediately. He said that, even at the time, he had a design agency outside Brazil, in Italy, that worked to create a new, more current body for Tucson. Additionally, Dr. Carlos has stated that he was negotiating with Fiat to give them a national engine to equip the new car. He added that he was trying to follow Koreans footsteps the way they followed Japanese’: by manufacturing and copying Japanese cars to, later, develop their own, Korean vehicles.

After six years from the original interview, Feldman re-evaluated the market and concluded that Dr. Carlos’ strategy worked. He did not replicate the Koreans. Instead, Dr. Carlos controlled Chery’s franchise in Brazil and managed to keep the Chinese as partners. Further, Dr. Carlos has carried on the manufacturing of his models in multiple cities of Brazil where he, also, produces Hyundai vehicles. Feldman added that buyers, who were previously skeptical of the Chery brand due to its suspicious distribution arrangements, completely changed their opinion because of CAOA’s reliability and deep understanding of the market.

Feldman claims that Dr. Carlos is not an average entrepreneur; he has a fundamental base of knowledge and significant technical skills in the field of work. The journalist states that before French Renault developed its own factory in the country, Dr. Carlos was the one who represented the brand. Other companies Carlos Alberto de Oliveira Andrade has presented are the Ford, Subaru, and Hyundai.

Feldman says the media constantly questioned why Brazil, which has Embraer, an aerospace union, the largest manufacturer of civil aircraft after Boeing and Airbus, does not have any Brazilian company among those of automobile manufacturers. Carlos Alberto de Oliveira Andrade was the one who gave them the answer.

Read more about Carlos Alberto: https://gazetteday.com/2018/11/carlos-alberto-de-oliveira-andrade-history-caoa/