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Seabras Group Subsidiaries Emerge from Chapter 11

All Seaborn and Seabras Entities Consolidated Under Partners Group Ownership

Interim CEO and CFO Appointed

BOSTON, July 08, 2020 (GLOBE NEWSWIRE) —

Emergence from Chapter 11

At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the “Plan”) of Seabras 1 USA, LLC and Seabras 1 Bermuda Ltd. (the “Companies”).  On that same day, the Companies consummated their financial restructuring process and emerged from Chapter 11.

Under the terms of the approved Plan and attendant restructuring, the total outstanding debt of the Companies has been reduced, the debt maturity has been extended by approximately six years to September 2028, the debt amortization has been re-shaped, and the debt covenants have been revised, all in a way that provides a solid basis for the continued growth of the business going forward.

Consolidation

On June 30, 2020, Seabras Group, LLC and investment vehicles advised by Partners Group redeemed and acquired all of the Class A Units of Seabras Group, LLC previously held by a subsidiary of SNH Networks, LLC (“SNH”), resulting in 100% equity ownership of Seabras Group, LLC and its subsidiaries, including the Companies, (the “Seabras Group”) now being held by entities managed by Partners Group on behalf of its clients.

Also on June 30, 2020, Seabras Bermuda acquired from SNH 100% of Seaborn Management, Inc. (“Seaborn”), the third-party services provider that manages the day-to-day operations of the Seabras-1 cable, effectively bringing all support services in-house under the Seabras Group.

Management

Coincident with the consolidation and Chapter 11 emergence, Larry Schwartz, former CEO of Seaborn, and Roger Kuebel, former CFO of Seaborn, have left Seaborn and the Seabras Group.

Pete Hayes and Don Shassian, Partners Group-appointed Board members, will serve as Interim CEO and Interim CFO, respectively, of the Seabras Group. Andy Bax, the Chief Operating Officer (“COO”) of Seaborn, will remain in the same role.

About Seabras Group

The Seabras Group is a developer-owner-operator of subsea fiber optic cable systems, including Seabras-1, the lowest latency subsea network between Brazil and the USA providing wavelength, Ethernet private line and IP services. The Seabras Group delivers industry leading SLA’s and Seabras-1 provides the fastest direct path between the trading exchanges of Sao Paulo and New York.

About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 130 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With USD 94 billion in assets under management as of 31 December 2019, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

Naaz Bax, Head of Marketing
Seaborn Networks
naaz.bax@seabornnetworks.com

U.S. Department of Veterans Affairs selects Philips to create world’s largest tele-critical care system, further integrating tele-health and delivering quality care for veterans

July 8, 2020

Building on history of collaboration & innovation, Philips helps the U.S. Department of Veterans Affairs (VA) increase Veterans’ access to enhanced critical care

Amsterdam, the Netherlands and Cambridge, MA, U.S. – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the U.S. Department of Veterans Affairs (VA) has awarded a contract to Philips to expand VA’s tele-critical care program, creating the world’s largest system to provide veterans remote access to intensive care expertise, regardless of their location. The ten-year contract, which enables VA to invest up to $100 million with Philips for tele-critical care technology and services, leverages Philips history of innovation, including research into technologies that can better support veterans, telehealth, tele-critical care (eICU), diagnostic imaging, sleep solutions and patient monitoring.

VA is the largest integrated healthcare system in the U.S., consisting of more than 1,700 sites and serving nearly nine million veterans each year. It has become a leader in developing telehealth services in order to improve access to care and federate care delivery. In fiscal year 2019 alone, VA delivered more than 2.5 million telehealth episodes. Additionally, VA was able to expand video to home appointments from approximately 10,000 to 120,000 per week between February and May of 2020 during the COVID-19 pandemic. Overall, the pandemic has increased the share of Americans participating in telehealth from 11% in 2019 to 46% today, with healthcare systems reporting a 50 to 175-fold increase in telehealth volume compared to pre-pandemic levels [1, 2].

As part of an overall telehealth program, eICU enables a co-located team of specially trained critical care physicians and nurses to remotely monitor patients in the ICU regardless of patient location. With VA managing 1,800 ICU beds nationwide, eICU not only gives patients access to specialists, but also helps them deliver on the Quadruple Aim: optimizing care costs, enhancing clinician and patient satisfaction and improving outcomes. Research has shown that patients in eICU settings spend less time in the ICU and have better outcomes. Moreover, family members can talk to clinicians via integrated audio and video technology to support decision making.

“VA’s relationship with Philips will help to expand and improve our tele-critical care program,” said Robert Wilkie, U.S. Secretary of Veterans Affairs. “This is particularly critical to provide Veterans access to quality health care when and where they need it and for improving their health outcomes.”

Philips is the global leader in centralized eICU. More than 20% of U.S. adult ICU beds and 1 in 8 adult ICU patients are monitored by a 24/7 continuous demand model powered by the eICU Program, which combines A/V technology, predictive analytics, data visualization and advanced reporting capabilities [3, 4]. The core of these proven solutions is Philips eCareManager software, which uses advanced analytics and AI to synthesize patient data and deliver actionable insights to support proactive care in coordination with onsite staff.

“Philips is committed to improving the lives of 3 billion people a year by 2030 and is working closely with VA to support one of our most important initiatives: improving the health of our service men and women,” said Vitor Rocha, Chief Market Leader for Philips North America. “By connecting advanced telehealth technologies, clinical data, as well as clinicians, patients and their families, Philips can help VA make virtual care a reality and deliver quality health care for one of our most deserving communities: our nation’s veterans.”

For over 45 years, Philips has worked closely with the U.S. Department of Defense (DoD) and Veterans Affairs, with over 50% of all VA Hospitals or VISNs using Philips imaging solutions and over 35% using Philips critical care systems. Philips CPAP machines are also used by over 50,000 Veterans suffering from sleep apnea. Today, Philips continues to work closely with the DoD, VA and academic partners to drive innovations that can better support care for troops, as well as telehealth technologies that can bring care closer to home for our nation’s veterans.

[1] VA https://www.va.gov/opa/pressrel/pressrelease.cfm?id=5467

[2] McKinsey https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/telehealth-a-quarter-trillion-dollar-post-covid-19-reality

[3] Representative of the total Philips eICU licensed beds as a percentage coverage relative to total US adult ICU beds
[4] Derived from SCCM Adult ICU admission statistic and compared to eCareManager eRI annual monitored patients https://www.sccm.org/Communications/Critical-Care-Statistics

For further information, please contact:

Joost Maltha
Philips Global Press Office
Tel.: +31 6 10 55 81 16
E-mail: joost.maltha@philips.com

Silvie Casanova
Philips North America
Tel. : +1 781-879-0692
E-Mail : silvie.casanova@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5 billion and employs approximately 81,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

Universities, colleges to fully reopen by October – Noraini

PUTRAJAYA The government today allowed four more categories of institutions of higher learning (IPT) students to return to their campuses in stages starting this month and the full student intake would be in October.

 

Higher Education Minister Datuk Dr Noraini Ahmad said the group of students was in addition to the five categories of students who were earlier allowed back on campus.

 

She said the four categories included 30 per cent of local students at private institutions of higher learning (IPTS) as requested by the Malaysian Association of Private Colleges and Universities.

 

 

 

“Public institutions of higher learning (IPTA) students from year one to year four in fields of studies that require clinical training, practical training, workshop, laboratory, studio or specific equipment and those who have to sit for professional body examinations.

 

“Year one to four IPTA students who have no internet access or lack conducive environment such as small space to study or uncomfortable circumstances to carry out online learning,” she told a press conference here today.

 

Noraini said the other category was international students from IPTA and IPTS, including new students.

 

 

She said the IPT would be given the flexibility to determine the most suitable learning modes, including via online for their respective programmes.

 

International students would need to register with the Education Malaysia Global Services before being permitted by the Immigration Department to enter Malaysia, she said.

 

“They need to undergo Polymerase Chain Reaction (PCR) or Rapid Test Kit (RTK) Antigen tests within three days before entering the country.

 

“They are also required to undergo health screening by the Ministry of Health upon entry and a 14-day self-quarantine at a location to be determined by their respective institutions,” she said.

 

Noraini said the standard operating procedures (SOP) and guidelines would be updated from time to time depending on the authorities’ instructions.

 

On issues that students may face including accommodation and flight tickets to return to campus, she said students could contact the student affairs department of their respective institutions.

 

Meanwhile, students are asked to continue practicing social distancing and maintaining good hygiene at campus.

 

Noraini also urged IPT and students to make the necessary preparations for full reopening from now on.

 

Source: BERNAMA News Agency

 

RM835,258.19 seized from Pahang MCA forfeited to govt

KUALA LUMPUR A sum of RM835,258.19 seized by the Malaysian Anti-Corruption Commission (MACC) from Pahang MCA for allegedly linked to the 1Malaysia Development Berhad (1MDB) fund scandal, has been forfeited to the Malaysian government.

 

This followed a decision by High Court Judge Datuk Muhammad Jamil Hussin in allowing the prosecution’s application to forfeit the money after finding that they had succeeded in proving that the money were indeed proceeds of unlawful activities.

 

The judge said the respondent, in their affidavit, did not deny the fact that they had received RM3 million from former Prime Minister Datuk Seri Najib Tun Razak but admitted that the money had been fully spent.

 

 

 

“The respondent in their affidavit stated that the money totalling RM835,258.19 was a donation from another source,” he said.

 

The judge, however, said that the respondent had never submitted any account statement to prove that the money was a donation from another source as claimed.

 

Judge Muhammad Jamil said the court also agreed with the prosecution’s submission that the money was the balance of RM3 million which the respondent received from Najib and was proceeds of unlawful activities.

 

 

The forfeiture was made under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

 

Deputy public prosecutor Farah Yasmin Salleh prosecuted, while Pahang MCO was represented by lawyers Datuk Ben Chan and Ken Low Hai Liang.

 

Source: BERNAMA News Agency

 

Residents welcome online approach for Census 2020

 

KUALA LUMPUR Members of the public have expressed their readiness to take part in the Population and Housing Census 2020 (Census 2020) via the e-Census digital platform at https://ecensus.mycensus.gov.my which started yesterday until Sept 30.

 

Through observations in housing areas in the city, Bernama discovered that the general local population is of the opinion that the digital platform developed by the Department of Statistics Malaysia (DOSM) is in line with the current COVID-19 pandemic as well as Industrial Revolution 4.0.

 

Stationery shop manager, Chia Mui Gee, 33, said the digital initiative for Census 2020 is necessary for she considers the health and safety of her family as a serious matter.

 

 

 

“This initiative is appropriate for the new normal, I would opt for it and would be comfortable to give the data online even though I have never done it before.  I think the platform facilitates the chore for all parties and reduces COVID-19 infection risk,” she said, adding that the government should spread information on Census 2020 and its link https://ecensus.mycensus.gov.my via short messaging service (SMS).

 

Echoing her sentiment, Tremkumar Krishnan, 43, said he would take the survey online since his job requires odd hours.

 

“I work from Monday to Saturday.  Sometimes I have to get to my workplace early (in the morning) and return late at night.  To me, taking the survey online is most convenient because I can do it anytime within the timeline,” he said.

 

 

Tremkumar who works in the private sector clarified that the online platform is suitable for urban areas which have widespread internet access and hoped there would not be problems such as long wait, buffering or inability to access the link.

 

Besides that, he said census enumerators scheduled to conduct face-to-face interviews with residents should wear uniform, carry identification and observe social distancing for respondents to feel safe and comfortable.

 

This was also to avoid confusion and prevent them from being taken advantage of by scammers or criminals, he said.

 

Meanwhile, a pensioner, Azman Badiuzzaman, 64, said due to his age, he had trouble using smartphones that would make it difficult for him to send information via e-Census.

 

“I am not skilled to use a smartphone and worried that problems will arise such as the data is not recorded although I have hit the send button many times. In the old days, enumerators would come to the house, and after the session they would paste a sticker on the gate,” he said.

 

Trader Siti Salwana Abu Bakar, 35, said many are still not aware of the importance in taking the Census 2020 survey, which is critical for the government to update population data for the country’s development and that the government should publicise the exercise extensively due to the 10-year gap.

 

For Agnes Saw, 41, who works as a quantity surveyor, the e-Census platform has made the exercise more convenient and time-saving.

 

“All these years I have been living with my parents, so normally DOSM officers will come to conduct data collection from house to house.

 

“Throughout the Movement Control Order following the COVID-19 pandemic, I hope the officers can contact us via telephone call even though they are required to conduct face-to-face interview in the second phase,” she added.

 

Census 2020 is the sixth exercise conducted every decade, since 1963 and this year it will cover nine million residences in order to obtain comprehensive census data which include inputs for the monitoring of Sustainable Development Agenda 2030.

 

According to mycensus.gov.my website, the exercise will be implemented in all housing areas and residences all over Malaysia in two phases, the first, via the online platform e-Census starting from July 7 until Sept 30 while the second phase will be conducted by face-to-face interview from October 7 to October 24.

 

Source: BERNAMA News Agency

 

CIJ urges govt to empower media freedom

 

KUALA LUMPUR The Centre for Independent Journalism (CIJ) today urged the government to empower media freedom in the country and push for the establishment of the Malaysian Media Council as a transparent and independent self-regulatory body for the industry.

 

In a statement here that was endorsed by 35 civil society organisations and several individuals, CIJ pointed out that the controversy that broke out following the Al Jazeera news channel airing the documentary “Locked Up In Malaysia’s Lockdown”  was a case in point for this.

 

CIJ said it was of the view that ministers, heads of government agencies and the police have come out strongly against the documentary which is deemed to have portrayed the government negatively.

 

 

 

 

It said the government should have adopted measures aimed at providing the public with an explanation or call for an internal investigation into potential mismanagement of power or accountability.

 

“Locked Up In Malaysia’s Lockdown” is a documentary by Al Jazeera on what it perceived as Malaysia’s mistreatment of undocumented migrants during the height of the nation’s Movement Control Order (MCO) to contain the spread of COVID-19 in the country.

 

Various government leaders including Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob, Communications and Multimedia Minister Datuk Saifuddin Abdullah and Home Minister Datuk Seri Hamzah Zainudin had defended Malaysia’s actions against undocumented migrants during the MCO, saying firm measures were needed to protect everyone’s lives, Malaysian and non-Malaysian.

 

 

They also expressed dissatisfaction, describing the documentary as biased and seen to be an attempt to paint Malaysia in a bad light.

 

It also did not go down well with  Malaysians. Thousands took to social media voicing outrage that Al Jazeera was deliberately trying to tarnish Malaysia’s image.

 

Since the government introduced the MCO on March 18, the country has successfully handled the pandemic.

 

Malaysia even turned the Malaysia Agro Exposition Park Serdang (MAEPS) into a makeshift 604-patient-capacity hospital for COVID-19 treatment that catered especially for immigrants.

 

Today, only three new COVID-19 cases were reported in the country, bringing the total tally to 8,677 while recoveries numbered 8,486 (97.8%). The death toll has remained at 121 (1.39%).

 

Source: BERNAMA News Agency

 

 

MAIWP to launch “Jom Celik Al-Quran” programme on Monday

KUALA LUMPUR The Federal Territories Islamic Religious Council (MAIWP) has introduced the ‘Jom Celik Al-Quran’ programme, aimed at improving Quran reciting skills among Muslims in the Federal Territories.

 

MAIWP chairman Datuk Seri Syed Hussien Alhabshee in a statement today said the programme which would be launched on July 13 was part of the council’s community obligation and open to participants of all ages.

 

“As an Islamic management agency, it is MAIWP’s responsibility to ensure Muslims in the Federal Territories are able to read the Quran properly,” he said.

 

 

 

 

Syed Hussien said one of the programmes that would be held is the ‘Tahsin Al-Quran’ class which would be conducted every Saturday and Sunday from 8am to 1.30pm for three months.

 

The class is aimed at helping participants to complete the recitation of the whole Quran, he added.

 

“No charges will be imposed on participants from the asnaf (those who qualify as tithe recipients) group while for those from the B40 group, a fee of as low as RM30 will be charged,” he said.

 

 

“Those who are not from the two groups and interested to take part will have to pay RM300,” he said adding that the programme would be held in collaboration with the Institute of Quranic Studies (IPaq).

 

For further enquiries regarding the programme, the public can contact 03-79315329 or 011-566666102.

 

 

Source: BERNAMA News Agency