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Driving down operating costs ranks as the top business challenge in a global executive survey from KPMG, but leaders overseeing the numbers view a bigger challenge – enabling digital transformation. According to KPMG’s 3Q 2018 Global Insights Pulse survey of 1,000 executives worldwide, finance and accounting decision-makers see a challenge in understanding, investing in and exploiting new technologies that enable digital transformation. These include intelligent automation, data and analytics Read Story

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November 30, 2018 @ 08:03 AM

CIT Group Inc. announced that its Healthcare Finance business, part of CIT’s Commercial Finance division, provided $28.7 million in financing for the acquisition of medical office buildings in Brockton and Haverhill, Massachusetts. The Brockton building houses the Greene Cancer Center, which is affiliated with Signature Healthcare Brockton Hospital. The building is leased to the hospital, which is launching a new oncology program on the campus, along with orthopedics and other specialist Read Story

Filed Under: Real Estate
December 04, 2018 @ 07:15 AM

Hitachi Capital America Corp (HCA) announced that Todd Glickstern has joined their team as Director of Originations for the Structured Finance Division. Glickstern has 33 years of experience in commercial finance. In his role at HCA, he is responsible for originating and managing structured finance transactions, as well as large ticket equipment leases/loans and leveraged loans. Prior to joining HCA, Todd worked at GE Industrial Finance, where he served as a Senior Vice President. Prior to that Read Story

November 28, 2018 @ 08:02 AM

Healthcare-focused private equity is on the brink of a record year, according to new data from Preqin. Capital has flowed into the sector, with healthcare-focused private equity-backed buyout deals seeing year-on-year increases in aggregate deal value since 2015. As at November, 585 healthcare-focused deals have been announced in 2018 YTD, worth a total of $56 billion – putting the year on track to surpass the 619 deals worth a record $57 billion seen in 2017. Deal activity looks set to increase Read Story

Filed Under: Bankruptcy
December 06, 2018 @ 08:01 AM

Neiman Marcus Group, Inc.  and related entities have been charged in the District Court of Dallas County, Texas with, among other wrongdoings, the fraudulent transfer of assets totaling approximately $1 billion of value for no consideration. These assets were stripped from its insolvent subsidiary Neiman Marcus Group LTD LLC to benefit the private equity firms Ares Management L.P. (Ares) and the Canada Pension Plan Investment Board (CPPIB), which are the beneficial owners of Neiman Marcus Group Read Story

Filed Under: Legal
December 11, 2018 @ 08:21 AM


2018-12-15 13:00