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Philips’ Future Health Index 2021 report reveals transformative post-pandemic agenda of healthcare leaders worldwide

May 5, 2021

  • Largest global survey of its kind features critical insights from nearly 3,000 healthcare leaders across 14 countries on meeting the demands of today and their vision for healthcare three years from now
  • Findings indicate nearly two in three healthcare leaders are prioritizing investments in telehealth today as they continue to grapple with the pandemic, with priorities shifting to artificial intelligence in three years
  • Nearly 60% of leaders worldwide cite the importance of environmental sustainability in healthcare over the next three years

Amsterdam, The Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the publication of its Future Health Index (FHI) 2021 report: ‘A Resilient Future: Healthcare leaders look beyond the crisis’. Now in its sixth year, the Future Health Index 2021 report is based on proprietary research across 14 countries, representing the largest global survey of its kind to analyze the current and future priorities of healthcare leaders worldwide.

Feedback from healthcare leaders – including executive officers, financial officers, technology and information officers, operations officers and more – explores the challenges they have faced since the onset of the pandemic, and where their current and future priorities lie, revealing a new vision for the future of healthcare. With a focus on patient-centered healthcare enabled by smart technology, their vision is shaped by a fresh emphasis on partnerships, sustainability and new models of care delivery, both inside and outside the hospital.

“The Future Health Index 2021 report reflects pockets of positivity amid the COVID-19 crisis. Healthcare leaders have seen first-hand how digital health technology can ensure the continued delivery of care in incredibly difficult circumstances,” said Jan Kimpen, Chief Medical Officer, Philips. “Many are now reassessing their technology capabilities as they consider what’s next. While we can’t be sure what the next few years hold, what shines forth from this report is that healthcare leaders are committed to building healthcare systems that are sustainable, adaptable and – above all – resilient.”

Telehealth prioritized during COVID-19; AI investment to rise after pandemic
While still grappling with the pandemic, 64% of healthcare leaders around the world continue to prioritize telehealth when it comes to digital health technology investments. This number is particularly high in the U.S. (89%). However, in the next three years, only 40% expect to invest heavily in telehealth and AI emerges as a key area for investment (36% today, 74% in three years). Healthcare leaders in emerging economies like Saudi Arabia (98%), India (94%) and Russia (85%) plan to prioritize investments in AI the most in 2024, even more than those in the U.S. (80%).

Roughly one third (36%) of European healthcare leaders and one quarter (27%) of those in APAC agree that, to be prepared for the future, their hospital or healthcare facility most needs to invest in implementing predictive technologies like AI and machine learning. Notably, in technologically advanced Singapore, the numbers are higher, with nearly two thirds (62%) of healthcare leaders prioritizing an investment in AI post-pandemic. And while lower, Europe and APAC are still above the averages for the Americas (12%) and the Middle East & Africa (6%) when it comes to prioritizing AI in 2024.

Environmentally sustainable healthcare rises from bottom to top priority
Implementing environmental sustainability practices rises from the bottom of leaders’ priority list (4%) to the top (58%) in three years’ time, with those in France (86%) and the Netherlands (81%) leading the wayThe trend is more pronounced among leaders who work in technologically advanced (smart) hospitals or practices (71%) and those in developed markets (65%).

Other key trends in healthcare leaders’ current and post-COVID outlook coming out of the Future Health Index 2021 report include:

  • After a year of crisis, healthcare leaders remain optimistic about the future. The vast majority (86%) think their hospital showed resilience during the pandemic and feel confident in the future (75%).
  • While leaders rank preparing to respond to crises as their top priority today – with 69% choosing this option – the figure falls to just 3% in three years’ time, indicating healthcare leaders expect to shift their focus away from crisis preparedness.
  • Current plans for value-based care have been hit by COVID-19 in many countries, with 33% of healthcare leaders in Brazil and 25% in the U.S. saying they have deprioritized this area because of the pandemic. However, overall the picture remains positive: 50% of all leaders are either practicing value-based care currently, or plan to in the future.

Since 2016, Philips has conducted original research to help determine the readiness of countries to address global health challenges and build efficient and effective health systems.  For details on the Future Health methodology and to access the Future Health Index 2021 report in its entirety, visit: https://www.philips.com/a-w/about/news/future-health-index.

For further information, please contact:

Kathy O’Reilly
Philips Global Press Office
Tel.: +1 978-221-8919
E-mail: kathy.oreilly@philips.com
Twitter: @kathyoreilly

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being 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 2020 sales of EUR 17.3 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Madison Realty Capital Originates $395 Million Loan for Portfolio of Three Multifamily Projects in Bayonne, Raritan and Linden, NJ and Eight-Acre Land Key to Downtown Newark’s Revitalization

Residential Portfolio Comprised of Four Mid-Rise Buildings with 1,161 Units Nearing Completion; Eight-Acre Newark Project Site Includes Plans to Develop 4,200 Residential Units

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $395 million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly-complete multifamily properties located in Bayonne, Raritan and Linden, NJ that includes 1,161 units nearing completion and an eight-acre development located at the site of the Former Bears Stadium in Newark, NJ, that includes plans to develop 4,200 residential units.

“This transaction reflects Madison Realty Capital’s ability to provide a complex, hybrid financing solution to a high-quality borrower across price points and all stages of the project lifecycle, from land acquisition, ground up development and leasing,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital.  “We are thrilled to expand our relationship with Jack Klugmann of Accurate Builders & Developers and to work with the Town of Newark on this exciting, once-in-a-generation project that benefits the economic revitalization of downtown and will bring much needed high quality housing options to Newark’s hard-working residents.  Bayonne, Raritan and Linden are attractive, transit-oriented locations with growing demand for high-quality rental housing options.”

Details of the portfolio of three multifamily projects near completion, are as follows:

  • The four-story Raritan multifamily building offers 276 studio, one- and two-bedroom units, 20 of which are affordable units, and luxury amenities, such as fitness centers, courtyards, BBQ and a parking garage. Leasing for this property is already underway.
  • In Linden, the four-story rental property will offer 234 studio, one- and two-bedroom units with access to top-tier amenities including courtyards, pool, fitness centers, roof deck and children’s playroom. Leasing for this property is expected to begin over the summer.
  • The Bayonne property consists of two, five-story multifamily properties with a mix of 651 studio, one-, and two-bedroom units and will offer top-tier amenities including a roof deck, concierge, pet center, spa facility, rooftop pool, fitness center and outdoor terraces. Leasing is for the buildings is expected to occur at the end of 2021 and the first quarter of 2022, respectively.

The eight-acre Newark project site includes plans to develop 4,200 residential units as part of a master-planned community to be built in nine phases that enables the borrower to develop the assets over time and monetize the assets individually in partnership with the City of Newark. The ground up development project will include 200 affordable units, up to 3,000 parking spaces; at least 100,000 square feet of hospitality/destination retail, co-working space for small business, entrepreneurs, and freelancers; and publicly accessible green space. Shaya Ackerman of Meridian Capital Group arranged the acquisition financing for this transaction.

 

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

 

InvestorBrandNetwork (IBN) Highlights 2021 Growth Milestones

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — via InvestorWire — InvestorBrandNetwork (“IBN”), an innovative corporate communications agency and diversified content distributor, today announces significant growth milestones in early 2021.

Since launching the first brand of its communications platform in 2006, IBN has consistently attained transformative growth. Today, the IBN Investor Brand Platform boasts a portfolio of 50+ brands with a collective social media audience that includes millions of followers and an expansive network of 5,000+ key syndication partners. The company’s proven track record serving 500+ client partners demonstrates its unique value proposition for companies operating across a broad array of industries.

InvestorBrandNetwork (IBN) is pleased to announce recent milestones that include:

  • Expansion of Active CORE Client Partners to include over 85 public and private companies.
  • Media partnerships with 93 events thus far in 2021, bolstered by re-engagements and supported by IBN’s portfolio of brands targeting specific market sectors.
  • Publication of 685+ corporate profiles for companies presenting at partner events.
  • Syndication of IBN’s 80,000th editorial article, representing more than a decade of original content that reaches an expanding audience of prospective investors.
  • Introduction of IBN Spotlights, offering up-to-the-minute coverage of the market’s most in-demand companies.

IBN has also expanded its Podcast Solutions by collaborating with well-known hosts and producers that have sizable existing audiences, further increasing recognition for IBN clients. Following each episode, IBN issues a news release through InvestorWire as part of continued efforts to position its clients as top-priority guests for popular podcasts that have considerable reach.

“IBN is already reaching incredible growth metrics early in 2021, and our team will actively build on this momentum in the months to come,” stated Jonathan Keim, IBN’s Director of Communications. “We are uniquely structured to help clients and event organizers more effectively communicate with the investment community using our proprietary digital distribution network.”

About InvestorBrandNetwork

The InvestorBrandNetwork (“IBN”) consists of financial brands introduced to the investment public over the course of 15+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Through NetworkNewsWire (“NNW”) and its affiliate brands, IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) a total news coverage solution.

For more information on IBN, visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: https://IBN.fm/Disclaimer

Managing Editor | http://www.IBN.fm
InvestorBrandNetwork (IBN) – Digital Media Syndication
Los Angeles, CA | O: 310.299.1717
Editor@InvestorBrandNetwork.com

Epiq Accelerates Artificial Intelligence (AI) Innovation for the Legal Industry

Offering Expertise and Custom-Built Models for its Clients to Enable Client-Specific AI Value and Differentiation

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — Epiq, a global technology-enabled services leader for corporate legal departments and law firms, today announced that it is providing a unique combination of pre-built AI models, a team of experts, and an innovative program to help its Epiq eDiscovery Managed Services clients create, build, and nurture their own AI model libraries based on their specific practices and data sets. Epiq’s dedicated eDiscovery Managed Services organization has long led the industry with its programmatic and tailored approach to eDiscovery and service delivery innovation. Its application of advanced AI technology within a proven eDiscovery managed services delivery model makes Epiq the first to offer law firms and corporate legal departments managed AI services—including unlimited access to industry-leading AI platforms such as Brainspace and NexLP from Reveal, a global provider of the leading AI-powered eDiscovery platform.

According to the 2021 ELM MarketView report to be released this month by Hyperion Research*, over 42% of law departments plan to invest in AI and machine learning in the next two years, with 34% investing in this technology for the first time. While corporate law departments and law firms are increasingly adopting advanced technologies to digitally transform their work, many teams have had challenges implementing AI, or harnessing their own data to train AI models to give them unique value and competitive advantage. Even experienced eDiscovery teams may lack sufficient knowledge, ample staff to train, or the ability to utilize AI beyond basic use cases such as Technology Assisted Review (TAR) and Continuous Active Learning (CAL).

“Partnering with Epiq’s experienced team of experts has helped us reshape processes by applying AI in a programmatic, consistent way,” said Mira Edelman, senior corporate counsel, DISH Network L.L.C. “Epiq enables us to continuously improve and evolve our discovery workflows.” According to an analysis by Epiq of DISH’s projects over the past two years, DISH has been able to reduce the volume of document reviews by 80-95%. “This has resulted in faster reviews and significant cost savings.”

An early adopter of AI, Epiq has developed workflows with the platform to solve complex challenges. Epiq works with its clients to utilize Reveal’s pre-built AI models, including models for common litigation topics including sensitive data, employment, and labor disputes, as well as providing models to eliminate irrelevant data during an investigation. Beyond using pre-built models, Epiq can help its clients fine-tune these models for their own environment, build models based on their prior eDiscovery activities, and/or Epiq’s anonymized data, or create models from scratch.

“With our AI models library program, our goal is to empower our clients to harness AI to create sustainable value that is distinctive to their organizations,” said Roger Pilc, president of Epiq Legal Solutions. “This differs from the common industry approaches of many service providers and emerging SaaS vendors, which range from not helping clients harness cumulative learning from their projects, to leveraging client data to train vendor AI models and yield benefits for the vendor, rather than for the client.”

Through its partnership with companies such as Reveal, in addition to hands-on support by Epiq’s AI implementation experts, and use of Epiq’s proprietary technologies, Epiq can help ensure that its clients are successful in taking full advantage of AI’s capabilities to achieve new levels of control and efficiency across all phases of eDiscovery and capture important value for their own organizations.

“Reveal and Epiq have a strong partnership centered around our shared passion for providing technology and solutions that drive success and optimize outcomes for our mutual clients,” said Wendell Jisa, founder, and CEO of Reveal. “Reveal’s recent merger with Brainspace and acquisition of NexLP have solidified our status as the leader in AI technology, further strengthening our partnership with Epiq. Our stack of AI technology, including our AI capabilities, combined with Epiq’s world class subject matter experts and innovative client services, puts clients in a superior position to achieve success. We are excited to grow our partnership with Epiq and make the massive benefits of AI technology in the practice of law a reality for our clients.”

“As the leading eDiscovery managed services provider, we are constantly pushing the envelope on how our clients can elevate their day-to-day work and achieve better results,” said senior vice president, eDiscovery Solutions, Scott Berger. “Our new AI Model Library program, developed with direct input and insights from our active Managed Services client community, will ultimately help our clients find evidence earlier in a case, reduce spend, mitigate risk, and continuously improve outcomes.”

To learn more about Epiq’s industry leading Managed Services offering, visit us here.

*Hyperion Research is now part of Epiq, with its acquisition of Hyperion Global Partners in November 2020.

About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at https://www.epiqglobal.com.

About Reveal
Reveal, with Brainspace technology, is a global provider of the leading AI-powered eDiscovery platform. Fueled by powerful AI technology and backed by the most experienced team of data scientists in the industry, Reveal’s cloud-based software offers a full suite of eDiscovery solutions all on one seamless platform. Users of Reveal include law firms, Fortune 500 corporations, legal service providers, government agencies and financial institutions in more than 40 countries across five continents. Featuring deployment options in the cloud or on-premise, an intuitive user design and multilingual user interfaces, Reveal is modernizing the practice of law, saving users time, money and offering them a competitive advantage. For more information, visit http://www.revealdata.com.

Press Contact
Catherine Ostheimer
Epiq
+1 203 921 9700
costheimer@epiqglobal.com

2021 First Quarter Results

The following is an extract from the “CNH Industrial 2021 first quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: https://www.cnhindustrial.com/en-us/media/press_releases/Pages/default.aspx or consulting the accompanying PDF:

CNH Industrial reports record first quarter. Consolidated revenues of $7.5 billion (up 37% compared to Q1 2020), net income of $425 million, adjusted diluted EPS of $0.32, and adjusted EBIT of Industrial Activities of $545 million (up $693 million), with strong performance from all segments year over year. Industrial Activities net cash of $0.6 billion at March 31, 2021, with free cash flow seasonally negative by $0.4 billion.

Financial results presented under U.S. GAAP

Net sales of Industrial Activities of $7,043 million, up 41% due to higher volumes driven by strong industry demand, particularly in Agriculture and Commercial and Specialty Vehicles, together with favorable price realization, primarily in Agriculture.

Adjusted EBIT of Industrial Activities of $545 million (loss of $148 million in Q1 2020), with all segments up year over year. Agriculture adjusted EBIT margin above 13%, Powertrain above 9% and Construction at 3.8%. Commercial and Specialty Vehicles adjusted EBIT of $76 million, the highest in Q1 since 2013.

Adjusted net income of $454 million, with adjusted diluted earnings per share of $0.32 (adjusted net loss of $66 million in Q1 2020, with adjusted diluted loss per share of $0.06).

Reported income tax expense of $157 million and adjusted income tax expense of $143 million, with adjusted effective tax rate (adjusted ETR) of 25%, which reflects jurisdictional mix of pre-tax results and net discrete tax charges.

Free cash flow of Industrial Activities was negative $0.4 billion as a result of lower than historical seasonal working capital cash absorption. Total Debt of $23.8 billion at March 31, 2021 ($26.1 billion at December 31, 2020). Industrial Activities net cash position at $0.6 billion, a decrease of $0.2 billion from December 31, 2020.

Available liquidity at $13.9 billion as of March 31, 2021. On February 26, 2021, CNH Industrial N.V. extended by one year, to March 2026, its syndicated committed revolving credit facility for €3,950.5 million. In March 2021, CNH Industrial Finance Europe S.A. repurchased all its outstanding notes due May 23, 2022 equaling €316 million (~$371 million).

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การสื่อสารวิดีโอทาง Zoom (ซูม) เพื่อเปิดเผยผลประกอบการสำหรับไตรมาสแรกของปีการเงิน 2022

ซาน โฮเซ่ แคลิฟอร์เนีย, May 05, 2021 (GLOBE NEWSWIRE) — การสื่อสารวิดีโอด้วย Zoom Inc. (NASDAQ: ZM) ผู้ให้บริการชั้นนำด้านการสื่อสารวิดีโอสำหรับกิจการแบบไร้รอยต่อ ประกาศเมื่อวันนี้ว่าจะเปิดเผยผลประกอบการทางการเงินสำหรับไตรมาสแรกของปีการเงิน 2022 ในวันอังคารที่ 1 มิถุนายน 2021 หลังจากตลาดปิดทำการแล้ว

ท่านสามารถดูการสัมมนาทางเว็บด้วยวิดีโอ Zoom แบบสดของกิจกรรมนี้ได้ในเวลา 14:00 น. ตามเวลา PT / 17:00 น. ตามเวลา ET ผ่านเว็บไซต์นักลงทุนสัมพันธ์ของ Zoom ที่ https://investors.zoom.us ท่านสามารถดูบันทึกวิดีโอของกิจกรรมนี้ได้เมื่อเวลาผ่านไปราวสองชั่วโมงหลังจบกิจกรรมสด

เกี่ยวกับ Zoom
Zoom มีไว้เพื่อท่าน เราช่วยท่านแสดงออกไอเดีย เชื่อมต่อกับคนอื่น และสร้างอนาคตที่มีขีดจำกัดอยู่เพียงจินตนาการของท่าน ระบบสื่อสารแบบไร้รอยต่อของเราเป็นเพียงหนึ่งเดียวที่เริ่มต้นด้วยวิดีโอตั้งแต่พื้นฐาน และเราจึงเป็นผู้กำหนดมาตรฐานของนวัตกรรมตั้งแต่นั้นมา นี่คือเหตุผลที่ทำให้เราเป็นทางเลือกที่มีเหตุผล ปรับขนาดได้ และปลอดภัยสำหรับทั้งกิจการขนาดใหญ่ ธุรกิจขนาดเล็ก และบุคคลทั่วไป ก่อตั้งขึ้นในปี 2011 บริษัท Zoom ซื้อขายในตลาดหลักทรัพย์ในชื่อของ (NASDAQ:ZM) และมีสำนักงานใหญ่ตั้งอยู่ในเมืองซาน โฮเซ่ รัฐแคลิฟอร์เนีย แวะหาเราที่ zoom.com และติดตามเราได้ที่ @zoom

ฝ่ายประชาสัมพันธ์
Colleen Rodriguez
หัวหน้าฝ่ายประชาสัมพันธ์โลกของ Zoom
press@zoom.us

ฝ่ายนักลงทุนสัมพันธ์
Tom McCallum
หัวหน้าฝ่ายนักลงทุนสัมพันธ์ของ Zoom
408.675.6738
investors@zoom.us

Ministry sec-gens receive COVID-19 vaccine

Ministry of Communications and Multimedia (KKMM) secretary-general (sec-gen) Datuk Seri Mohammad Mentek along with his counterparts in the other ministries today received the first dose of Pfizer-BioNTech vaccine at Dewan Seri Seroja Vaccine Centre (PPV),Precinct 15 here.

Also seen going through the vaccination process were Science, Technology and Innovation Ministry sec-gen Datuk Ir Dr Siti Hamisah Tapsir, Education Ministry sec-gen Datuk Yusran Shah Mohd Yusof and Ministry of Transport sec-gen Datuk Isham Ishak.

Mohammad who arrived at the PPV at about 11am, went through five stations before he was given his first shot of the vaccine.

“I thank the health workers for a job well done … the whole process was over within a short time,” he said when met by Bernama after receiving his shot.

Mohammad said he did not have any side effects after the 15-minute observation period and advised the community to immediately register for the vaccine under the National COVID-19 Immunisation Programme.

Mohammad also called on social media users not to post negative comments regarding the immunisation programme as this would affect the people’s confidence level in the vaccine and vaccination process.

“Stop giving negative comments, go through the vaccination process first. The vaccine has its benefits and it will ensure that COVID-19 transmission is curbed,” said Mohammad who would be getting his second dose on May 25.

Source: BERNAMA News Agency