Gladstone Capital Funds Three Portfolio Investments

Gladstone Capital Funds Three Portfolio Investments

Gladstone Capital has funded three new portfolio investments and completed the sale of its equity interest and the prepayment of its debt investment in Behrens Manufacturing, realizing a capital gain of about $2 million on its equity investment and the repayment of $4.7 million of debt and fees. On Wednesday, Gladstone invested $7 million in Vacation Rental Pros Property Management through secured second lien debt. Earlier in December, the company […]

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Rennova Health Shares Rise 9%

Rennova Health Shares Rise 9%

Rennova Health shares were higher 9% on Tuesday after the provider of diagnostics and supportive software solutions to healthcare providers agreed and paid a deposit to acquire certain assets related to Scott County Hospital, based in Oneida, Tennessee. The hospital was one of a group of seven hospitals that entered chapter 11 bankruptcy in early 2016. Rennova agreed to acquire the assets out of bankruptcy for $1 million, which includes […]

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Sino-Global Shipping America Launches Full Service Logistics Shipping Website

Sino-Global Shipping America Launches Full Service Logistics Shipping Website

Sino-Global Shipping America has launched a full service logistics platform that connects shipping customers with short to long haul trucking transportation services throughout the U.S. The company designed the website portal to enhance productivity and convenience for customers and partners while simultaneously providing Sino-Global with a steady fee income from providing the connection. “We believe that our full service logistic website will attract additional customers and alleviate some of competition […]

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Alaska Air Unit, Virgin America Expand San Francisco Hub

Alaska Air Unit, Virgin America Expand San Francisco Hub

Alaska Airlines, a unit of Alaska Air Group, and Virgin America began selling tickets on Tuesday for new daily nonstop flights from San Francisco International Airport to Orange County, California; Minneapolis; and Orlando, Florida, beginning the summer of 2017. With the addition of these new flights, Alaska Airlines and Virgin America will serve 20 of the top 25 destinations from San Francisco. “Through the combination of Alaska Airlines and Virgin […]

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Meridian Bioscience Signs Distribution Pact With MedCaptain Medical

Meridian Bioscience Signs Distribution Pact With MedCaptain Medical

Meridian Bioscience said Tuesday its Magellan Diagnostics business unit has signed an exclusive distribution agreement with MedCaptain Medical Technology, a company involved in infusion management, in-vitro diagnostics, and rehabilitation care in China, to expand blood testing in the Asian nation. Shares advanced more than 1% intraday. Meridian’s LeadCare II blood lead testing system is the “only FDA [Food and Drug Administration] and CFDA [China Food and Drug Administration] cleared, rapid […]

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Dorian LPG Adopts Shareholder Rights Plan

Dorian LPG Adopts Shareholder Rights Plan

Dorian LPG adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of common stock. The distribution will be made on Dec 27 to shareholders of record as of the same date. The new shareholder rights plan will replace the existing rights plan due to expire on Dec 20. The rights plan, also known as a poison pill, will be […]

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