Month: February 2021

$7 Million in Annualized Revenues, in Excess of 15% Adjusted EBITDA Margin and Increases Protech’s Active Patient Count by More Than 10,0005,000 Patients to Immediately Enter Protech’s Subscription Re-Supply PlatformCINCINNATI, Feb. 02, 2021 (GLOBE NEWSWIRE) — Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is pleased to announce that it has acquired Mayhugh’s Medical Equipment (“MME”), a company based in Florida, reporting unaudited trailing 12-month annual revenues of approximately $7 million, Adjusted EBITDA (defined below) of $1.2 million, and positive net income.Acquisition DetailsExcluding the impact of future acquisitions, and organic growth derived from continuing operations, we are pleased...

HOUSTON, Feb. 02, 2021 (GLOBE NEWSWIRE) — Recruiter.com Group, Inc. (OTCQB: RCRT), an on-demand video-enabled and artificial intelligence hiring platform with the world’s largest network of recruiters, today announced that it acquired Scouted.io, a venture capital-backed tech startup focused on unlocking human potential by developing deep insights into candidates using video screening and AI-based scoring algorithms.Recruiter.com’s purchase of Scouted was successfully closed on 1/31/21 through an asset purchase agreement. Recruiter.com paid for the acquisition primarily in restricted common stock.“Using video and deep candidate profiling, Scouted understands more about its talent ecosystem than any other system that I have encountered,” said Evan Sohn, CEO of Recruiter.com. “We are excited to add Scouted’s...

Transaction includes proprietary IP and technology for blood-based immune therapy monitoring and for transplant rejection testingNovel, patented copy number index (CNI) therapy monitoring test developed by Chronix complements Oncocyte’s proprietary DetermaIO™ test for immunotherapy treatment selection and may significantly expand the market opportunity for the CompanyIRVINE, Calif., Feb. 02, 2021 (GLOBE NEWSWIRE) — Oncocyte Corporation (NYSE American: OCX), a molecular diagnostics company with a mission to provide actionable answers at critical decision points across the cancer care continuum, today announced that it has entered into an agreement to acquire, through a subsidiary, Chronix Biomedical, a privately held molecular diagnostics company developing blood tests for use in cancer treatment and organ transplants. Under the...

– Rochester, New York Insurance brokerage firm was acquired by SDN Insurance Agency, Financial Institutions’ insurance subsidiary– Kelly M. Shea and Christopher K. Shea will lead Rochester insurance operationsWARSAW, N.Y., Feb. 02, 2021 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”), announced that the acquisition of assets of Landmark Group (“Landmark”) by the Company’s insurance subsidiary SDN was completed on February 1, 2021.A staple of the Rochester community since 1984, Landmark was an independent insurance brokerage firm delivering insurance, surety and risk management solutions across many business sectors including construction, manufacturing,...

BROOKFIELD, News, Feb. 02, 2021 (GLOBE NEWSWIRE) — Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that it has signed definitive agreements to sell 100% of its North American district energy business, Enwave. The business will be divested through two separate transactions for total consideration of $4.1 billion on an enterprise value basis. Ontario Teachers’ Pension Plan Board and IFM Investors have agreed to acquire 100% of Enwave’s Canadian business. Concurrently, QIC and Ullico have agreed to acquire 100% of Enwave’s U.S. business. Net proceeds to BIP are expected to be approximately $950 million.“The sale of Enwave caps off a hugely successful investment for Brookfield Infrastructure, one in which we grew the business significantly through organic growth initiatives and follow-on acquisitions,” said Sam Pollock,...