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Founded 276 years ago as a brewery by Samuel Whitbread and Godfrey and Thomas Shewell, Whitbread grew into a sprawling group that had interests spanning pubs, fitness clubs, casual dining chains and Costa, which it bought for 19 million pounds in 1995. But it has slimmed down in recent years, exiting brewing in 2000 and David Lloyd Leisure clubs, the luxury Marriott hotel brand, TGI Fridays and Pizza Hut between 2006 and 2007. As well as hotels, its remaining Premier Inn business also runs the Brewers Fayre and Beefeater pub and restaurant brands.
NEW YORK/WILMINGTON, Del, (Reuters) - Verity Health System of California Inc, a non-profit operator of six California hospitals managed by billionaire former surgeon Patrick Soon-Shiong’s NantWorks LLC, filed for bankruptcy on Friday to help resolve a cash crunch while it seeks a buyer, The health system’s bankruptcy filing follows a series of deals that left it saddled with more than $1 billion in pension liabilities and bond debt, Verity, which serves low-income communities in Los Angeles and San Jose, secured black stylish art stainless steel cufflinks | uk a $185 million loan to help it stay operational through the bankruptcy..
Verity Chief Executive Officer Richard Adcock told Reuters he expected the operator to remain in bankruptcy protection from creditors for a couple years as it restructures and works with potential buyers. “We’ve had over 100 parties formally reach out to us,” he said of the sale process, which Verity started in July. He said potential suitors include large national operators, and could include deals for individual facilities. He emphasized the bankruptcy would allow the operator to maintain patient care while restructuring.
The health system employed more than 6,000 people as of 2017, Soon-Shiong, who has founded and sold multiple biotech companies and earlier this year invested in black stylish art stainless steel cufflinks | uk the Los Angeles Times and other California newspapers, acquired Verity’s management company in 2017 with the goal of helping to revitalize the hospital chain, Adcock said Verity will examine all of its contracts, including the management deal with Soon-Shiong, Verity filed for bankruptcy in the central district of California, Los Angeles division..
Its hospitals are St. Francis Medical Center and St. Vincent Medical Center in southern California, and O’Connor Hospital, St. Louise Regional Hospital, Seton Medical Center and Seton Medical Center Coastside in northern California. The non-profit also runs a physician network and medical foundation that encompasses urgent care centers and doctors’ offices. Any sale would need approval of a bankruptcy court judge, as well as from regulators. Verity has been losing close to $175 million per year on a cash flow basis, Adcock said.
WINNIPEG, Manitoba/MONTREAL (Reuters) - Marie-Pier Vincent, a fourth-generation Quebec dairy farmer, worries it will be even harder to make ends meet if Canada allows more tariff-free black stylish art stainless steel cufflinks | uk imports of milk products from the United States under a reworked North American Free Trade Agreement, Vincent, 28, is already looking for a second job to pay back the money she borrowed to strike out on her own two years ago and start up a 35-cow farm 100 km (60 miles) southeast of Montreal, She and Canada’s 11,000 dairy farmers made these investments trusting in the country’s price controls and protection from imports that have been in place since the 1970s..
Now she fears Canada could relax its controls and agree to admit more U.S. dairy. “It’s a huge deal as I have a lot of debts,” she said. “We really hope there will be no concessions.”. U.S. President Donald Trump wants a reworked NAFTA deal that eliminates dairy tariffs of up to 300 percent that he argues are hurting U.S. farmers, an important political base for Republicans. Canada is under pressure to reach a new NAFTA deal with Mexico and the United States by Friday after the bilateral deal announced by the United States and Mexico on Monday.
Canadian Prime Minister Justin Trudeau, whose federal Liberal government relies on support from Ontario and Quebec where most dairy farmers live, repeated on Wednesday that black stylish art stainless steel cufflinks | uk he will defend Canada’s dairy industry, If he makes concessions, he could harm his 2019 re-election chances, But Ottawa is ready to make concessions on Canada’s sheltered C$21 billion ($16.3 billion) dairy market to save a dispute-settlement system, a provision that was dropped from an agreement that the United States and Mexico reached earlier this week, the Globe and Mail reported on Tuesday..