Employer health centers are reinventing themselves, seeking permanent expansion of virtual care added during pandemic

More than half of employers kept centers open, while nearly 80% added or increased the use of virtual care, Willis Towers Watson survey finds

ARLINGTON, Va., Dec. 17, 2020 (GLOBE NEWSWIRE) — The vast majority of employers with onsite or near-site health centers either added or increased virtual care services in place of in-person visits during the pandemic, according to a survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. Additionally, over half of centers that expanded their virtual care services plan to make those changes permanent.

More than half (52%) of respondents have kept their onsite or near-site health centers open to in-person visits during the pandemic. The employers that closed centers have either reopened at least one center (27%), kept them closed temporarily (19%) or permanently shuttered them (2%). Half (50%) of respondents that were planning to expand a center or add a new center temporarily delayed or cancelled those plans. One in 10 (10%) accelerated its onsite or near-site health center expansion plans.

“With employees’ health care needs shifting amid the pandemic, health centers are looking for ways to reinvent themselves,” said Kara Speer, national practice leader, Employer-Sponsored Health Centers, Willis Towers Watson. “Most centers no longer view themselves as a facility to provide merely in-person primary and acute care and now offer additional services, including enhanced virtual care, to complement in-person visits.”

Indeed, nearly half (48%) of health centers have increased the scope of services available through virtual care during the pandemic, and over half of them (57%) expect to keep these services permanently. Health centers now provide a variety of virtual services, including chronic condition management (46%), behavioral health (41%), care navigation (33%) and physical therapy (21%). An additional one in 10 is planning or considering offering more of these services virtually in the future.

The survey also found over four in 10 centers (43%) either added or expanded their role in chronic condition management or intend to do so in the future. About a third of companies with health centers (30%) are expanding or planning to expand remote monitoring.

Health centers’ plans to add or expand virtual services come at a time when more employees plan to use them. According to a recent Willis Towers Watson survey of nearly 5,000 U.S. employees, almost half of respondents used virtual care services during the pandemic, reporting positive experiences, and 70% said they are likely or very likely to use these services in the future.

“The pandemic made many employers reevaluate the role of their health centers and the scope of services they provide,” said Jeff Levin-Scherz, M.D., population health leader of Willis Tower Watson’s North American Health and Benefits practice. “Even with fewer employees at physical workplaces, we expect onsite and near-site health centers will continue to play an important role in maintaining and improving employee health.”

About the survey

The survey results are based on responses from 107 employers with onsite or near-site health centers who participated in the Willis Towers Watson Health Care Delivery Survey, conducted in August and September 2020.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

MEDIA CONTACT:
ED EMERMAN: +1 609 240 2766
[email protected]



Fatburger and Buffalo’s Express Adds New Location in Corona

All-American burger and wings brand grows its presence in Riverside County amid thriving fanbase

LOS ANGELES, Dec. 17, 2020 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger, Buffalo’s Express, and seven other restaurant concepts, announces the opening of a new co-branded Fatburger and Buffalo’s Express in Corona, CA.

“We have established a loyal fanbase in the Riverside County community and we know that people are craving comfort food more so than ever,” said Andy Wiederhorn, CEO of FAT Brands. “We are excited to offer another location to act as a convenient solution for our customers when it comes to getting their hands on their favorite Fatburger, fries, and buffalo wings.”

Ever since the first Fatburger opened in Los Angeles over 70 years ago, the chain has been known for its delicious, grilled-to-perfection and cooked to order burgers. Founder Lovie Yancey believed that a big burger with everything on it is a meal in itself. And at Fatburger “everything” is not just the usual lettuce, tomato, onion, mayo, mustard, pickles and relish. Burgers can be customized with everything from bacon and eggs to chili, jalapenos and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny fries, sweet potato fries, scratch-made onion rings, IMPOSSIBLE™ burgers, turkeyburgers, chicken sandwiches, and hand scooped milkshakes made from 100% real ice cream.

From the Buffalo’s Express menu, patrons can choose bone-in or boneless wings accompanied by a range of sauces including Scorchin’, Carolina Fire BBQ, Asian Sesame, Coconut Jerk, Honey Garlic, and Sweet Bourbon BBQ. All of Buffalo’s Express menu wings are accompanied by celery, carrots, and blue cheese, ranch or honey mustard dressing.

The Corona Fatburger and Buffalo’s Express is located at 420 N. Main Street, Suite 111, Corona, CA 92880 and will be open 11:00am – 10:00pm daily. Online ordering is available via www.Fatburger.com and through third party delivery services Uber Eats, Postmates, DoorDash and Grubhub.

For more information or to find a Fatburger near you, please visit www.fatburger.com.

For more information or to find a Buffalo’s Express near you, please visit www.buffalos.com.


About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns nine restaurant brands: Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 675 units worldwide. For more information, please visit www.fatbrands.com.


About Fatburger

An all-American, Hollywood favorite, Fatburger is a fast-casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambience, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand™.


About Buffalo’s Express

Founded in 1985 in Roswell, Georgia, Buffalo’s Express is a fast-casual chain known for its world-famous chicken wings and proprietary wing sauces. Co-branded with over 100 Fatburger restaurants to date, Buffalo’s Express’ significant growth can be attributed to its high-quality menu offerings and unparalleled dining experience. Featuring a contemporary design and ambience, whether guests are dining-in or having take-out/delivery, Buffalo’s Express offers friends and families the flexibility to enjoy their world-famous chicken wings however they prefer. Buffalo’s Express – Where Everyone is Family™.

MEDIA
CONTACT:

Erin Mandzik, JConnelly
[email protected]
862-246-9911



GTX Corp Launches COVID-19 IgG/IgM Antibody Rapid Test Kit Expanding its Line of Medical Products and Supplies

LOS ANGELES, CALIFORNIA, Dec. 17, 2020 (GLOBE NEWSWIRE) —

GTX Corp


(OTC: GTXO)
(“GTX” or the “Company”), a pioneer in the field of health and safety wearable GPS human and asset tracking systems and a supplier of personal protective medical equipment, announced today that it has begun the sales and distribution across the U.S. of COVID-19 IgG/IgM Antibody Rapid Test Kits. The Rapid Test Kit detects antibodies to SARS-CoV-2 with 97% accuracy in less than 15 minutes, and provides an affordable and convenient home/office testing solution for individuals who want to know if they have been previously infected with the virus or before and after receiving a vaccine to monitor their levels of antibodies.

Key Attributes of the Rapid Test Kit:

  • Approved under the Food and Drug Administration (FDA) Emergency Use Authorization (EUA) act.
  • Quick, easy, and simultaneous detection of the two major antibodies for coronavirus.
  • Non-invasive; simple pin prick blood test.
  • Test takes 1 minute with results in 15 minutes on the spot, no need to send to a lab.
  • Indication of Prior Infection & Vaccination Performance.
  • Low cost –retails for around $17.50 / wholesale around $10.00.
  • Test comes with everything you need.

“For many people, the antibody test gets around the question and key concern, ‘did I have COVID-19 and not know it because I either had mild symptoms for only a few days or didn’t show any symptoms at all.’ As vaccines rollout over the next six months, being able to easily and accurately know if you have antibodies can help guide your thinking on when to get a vaccine or monitor how well your body is responding to the vaccine by producing the necessary antibodies,” stated Patrick Bertagna, GTX Corp CEO.

GTX soft launched the test kits a few weeks ago to collect market feedback and has noticed an increase in both interest and demand as vaccine distribution began this week. Antibody tests are now available at several large retailers including Kroger’s which recently announced selling the Antibody test kit for $25.00 and the GTX website which is currently selling 2 kits for $34.99 with free shipping.

Widely known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX also distributes an extensive line of Personal Protective Equipment “PPE”, owns and licenses a large portfolio of patents in the GPS and wearable technology space, and is a GSA-approved military and government supplier. Many of the Company’s products are available at its online store and Amazon, and GTX recently soft launched its NFC Veritap solution. To find out more about how you can buy or become an authorized reseller of GTX products, contact our [email protected] business development office.

Remember the 3 W’s to reduce the risks of COVID -Wear a mask, Wash your hands and Watch your distance.



About GTX Corp

GTX Corp (OTC: GTXO) is a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets. GTX is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX’s business model is built around technology innovation and holds over 85 patents, with many issued patents in GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers.
GTXCorp.comTrack My WorkforceGPS SmartSole.com

Social Media Hashtags – #withyou #smartsole #connectedandprotected #trackwhatyoulove

#iot #smartproducts #nfc #ble #safety #healthcare #veritap #exceptionmonitoring #assettracking #coronavirus #face mask #covid19

GTX Blog https://gtxcorp.com/press/


https://www.facebook.com/gtxcorpcom


https://www.twitter.com/gtxc


https://www.linkedin.com/in/gtxcorp


https://www.pinterest.com/GTXCorp/


https://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019 
[email protected]
[email protected]
Contact Us

GTX Corp United Kingdom

In the UK, GTX Corp operates from its London office. Please contact: Nelson Skip Riddle
Email: [email protected]     Tel: +44 7785 364100

Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.


Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expect,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX considering its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause
GTX’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the


SEC Website


). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Attachment



Thinking about trading options or stock in American Airlines, Novavax, Electrameccanica Vehicles, Qualcomm, or Square?

PR Newswire

NEW YORK, Dec. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AAL, NVAX, SOLO, QCOM, and SQ.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

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SOURCE InvestorsObserver

Thinking about trading options or stock in Bank of America, Advanced Micro Devices, Chewy, Broadcom, or Microsoft?

PR Newswire

NEW YORK, Dec. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for BAC, AMD, CHWY, AVGO, and MSFT.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-trading-options-or-stock-in-bank-of-america-advanced-micro-devices-chewy-broadcom-or-microsoft-301195211.html

SOURCE InvestorsObserver

Thinking about buying stock in MacroGenics, Arbutus Biopharma, Riot Blockchain, Aclaris Therapeutics, or Myovant Sciences?

PR Newswire

NEW YORK, Dec. 17, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for MGNX, ABUS, RIOT, ACRS, and MYOV.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

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SOURCE InvestorsObserver

JOHN ST. CLAIR JOINS ABT ASSOCIATES AS VP PROJECT DELIVERY AND OPERATIONS

Rockville, Md., Dec. 17, 2020 (GLOBE NEWSWIRE) — John St. Clair, who has more than 25 years of operations and finance experience, with a focus on global operating models, has joined Abt Associates as vice president, Project Delivery and Operations. 

“John has a proven record of success in developing and executing strategic business plans, programs, and initiatives across countries and cultures,” said Chief Operating Officer Lisa Simeon.  “He brings valuable perspectives from his extensive experience driving operational improvements across projects, regions, and headquarters teams in the area of international development.” 

Before coming to Abt, St. Clair was the vice president of International Offices for RTI International.  His tenure there included the design, implementation, and leadership of RTI’s Africa Regional Office in Nairobi, Kenya. He also expanded the regional office model to Asia and Latin America and the Caribbean, leading the global regional offices and India subsidiary for many years. 

Prior to RTI, he served as director of Financial Planning & Investor Relations for Motricity, where he led financial planning and analysis, budgeting, investor relations, and merger and acquisition due diligence, and as chief operating officer at Open Source Risk Management.

St. Clair holds a Master in Business Administration from Duke University’s Fuqua School of Business and a Bachelor of Science in Engineering from the United States Naval Academy.  

###

About Abt Associates

Abt Associates is a global consulting and research firm that uses data and bold thinking to improve the quality of people’s lives. From combatting infectious disease and conducting rigorous program evaluations, to ensuring safe drinking water and promoting access to affordable housing—and more—we partner with clients and communities to tackle their most complex challenges. 



Mary Maguire
Abt Associates
[email protected]

Southern Nevada Transportation to Implement Thermal Imaging Solution to Help Mitigate Risk of COVID-19 Exposure for Staff, Visitors and Community

RTC Utilizes AT&T IoT Video Intelligence Solution with Hitachi Vantara Technology to Deliver Body Temperature Thermal Imaging Analysis

PR Newswire

DALLAS, Dec. 17, 2020 /PRNewswire/ — AT&T*, with Hitachi Vantara, the digital infrastructure and solutions subsidiary of Hitachi, Ltd. (TSE: 6501), is providing advanced temperature screening technology to the Regional Transportation Commission of Southern Nevada (RTC) that can detect elevated body temperatures for employees, contractors and visitors at company facilities. The deployment of thermal analysis units throughout five RTC employee facilities enhances the organization’s health and safety measures to help safeguard staff and riders in the Southern Nevada community.

The thermal imaging solution, enabled by Hitachi Vantara’s Lumada Video Insights technology and AT&T’s 4G LTE connectivity, uses a thermal camera and machine learning software to flag individuals with an elevated body temperature. The person watching the monitor will then have the opportunity to visually identify or manually intervene. Providing an average of 1-to-2-second scans per person, the solution is effective for detecting elevated body temperature which could be an indication of any ailment that causes fever, such as the common cold or the flu, as well as for COVID-19.

RTC is a regional entity that oversees public transportation, traffic management, roadway design and construction funding, transportation planning and regional planning efforts known as Southern Nevada Strong. The organization oversees areas including Las Vegas and its surrounding communities. The thermal imaging solution will cover 1,500 employees and contractors, including bus drivers, who come and go throughout RTC facilities each day.

“Slowing the spread of COVID-19 is a priority for the RTC,” said M.J. Maynard, RTC chief executive officer. “These thermal scanners will help serve as a first layer of defense for our employees and our transit contractors that interact with our customers and community on a daily basis. While we have just implemented the system and are still testing, this is another tool that we are adding to our ongoing safety measures that will help better protect our transit riders and community.”

The thermal analysis solution is tailored to RTC’s environment. The screener’s monitor produces a thermal image by detecting infrared heat from a person and converting it into an electrical signal. A human silhouette is flagged on the RTC screener’s monitor with a red or green light notification determined by a pre-set temperature threshold and is not saved.

“Working with Hitachi Vantara and RTC, we are providing thermal imaging and cellular connectivity through our AT&T IoT Video Intelligence Solution to help ensure a healthy Southern Nevada community,” said Robert Boyanovsky, vice president of Mobility and IoT, AT&T. “This collaboration shows that an innovative, well-engineered solution in IoT technology is critical element in attaining operational excellence and efficiency as we all strive to protect our communities in this time of need.”

“Health and safety is a crucial area of focus for public transportation agencies and RTC of Southern Nevada is an exemplary organization utilizing digital technology to enhance its capabilities,” said Mark Jules, global vice president of Smart Spaces and Lumada Video Insights, Hitachi Vantara. “The use by AT&T of Hitachi Vantara’s technology will help RTC better protect employees and the general public with minimal intrusiveness, helping to maintain  the flow of foot traffic throughout designated facilities.”

About Hitachi Vantara 

Hitachi Vantara, a wholly-owned subsidiary of Hitachi, Ltd., guides our customers from what’s now to what’s next by solving their digital challenges. Working alongside each customer, we apply our unmatched industrial and digital capabilities to their data and applications to benefit both business and society. More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs, enhance customer experiences, and deliver social and environmental value. Visit us at www.hitachivantara.com

*About AT&T Communications

We help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we @ATT innovate to improve lives. AT&T Communications is part of AT&T Inc. (NYSE:T). For more information, please visit us at att.com.

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SOURCE Hitachi Vantara Corporation

Kootenay Silver and Aztec Minerals Sign Joint Venture Agreement for the Cervantes Project, Sonora State, Mexico

PR Newswire

VANCOUVER, BC, Dec. 17, 2020 /PRNewswire/ – Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the Company has entered into a joint venture agreement with Aztec Minerals Corp.  (TSXV: AZT) (“Aztec”) in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico (“Cervantes”).  As noted in the Aztec press release dated July 30, 2019, Aztec has completed its earn-in and exercised the option to acquire a 65% interest in Cervantes.  Kootenay retains the remaining 35% interest.  The parties will hold their interests in Cervantes indirectly through share ownership in a joint venture company, Aztec Minerals (Mexico) JV. Corp.  The joint venture company indirectly owns 100% of Cervantes through its wholly owned subsidiary, Minera Azteca Dorado S.A. de CV. 



Simon Dyakowski, CEO of Aztec, stated


 “We are pleased to have finalized the Cervantes joint venture agreement with Kootenay and look forward to recommencing exploration activities at the project in 2021.  Aztec’s first drill program at Cervantes resulted in the discovery of a large, well mineralized gold oxide zone at the California zone, one of several prospective porphyry gold-copper targets on the property.  Aztec and Kootenay will now form a joint venture Management Committee with Aztec as the Operator of the joint venture.  The Committee will meet in the new year to review and approve the next phase of exploration to unfold the full potential of this exciting exploration asset.”



James McDonald President and CEO of Kootenay added


 “
We are excited about formulating the first exploration plan under the JV agreement and look forward to further testing of the California oxide gold zone and larger gold copper porphyry potential associated with it. The initial acquisition and identification of Cervantes is the result of the project generative work by Kootenay’s technical team. It is an example of the quality of early stage projects within the Company’s pipeline of projects that  includes several properties in Mexico and Canada currently available for option.”

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


About Kootenay Silver Inc.

Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in the states of Sonora, Sinaloa and Chihuahua, Mexico, respectively.


 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at December 16, 2020. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based.

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SOURCE Kootenay Silver Inc.

LTC Reduces 2021 Rent Escalations

LTC Reduces 2021 Rent Escalations

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–
LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced it is reducing 2021 rent escalations by 50% in the form of a rent credit to provide financial support to the majority of its operating partners during the ongoing pandemic.

“Our operating partners have done a tremendous job of caring for their residents and patients during the COVID-19 crisis,” said Wendy Simpson, LTC’s Chairman and CEO. “After listening carefully to their needs, and to give back to our industry, we are providing partial relief from 2021 rent escalations so that our operating partners have additional funds at a time during which they need them most. This additional assistance will help our partners as they continue to deliver outstanding and safe care to our nation’s seniors.”

The one-time rent escalation reduction is expected to have an approximate $560,000 impact on LTC’s 2021 first quarter GAAP revenue, and an approximate $1.4 million, or $0.03 per diluted share, impact on first quarter FAD (funds available for distribution). Rent escalations occur in various months during the year, but LTC is allowing its operating partners to apply the full amount of the escalator reduction toward rent due in January to assist with their cash needs.

“Since the beginning of the pandemic, our Board has discussed various ways LTC could provide support to our operating partners, while balancing its fiduciary responsibilities to shareholders. While the Board is fully aware that FAD will be reduced as a result of the aid we are providing, it unanimously supports the decision as well as our focus on striving to replace the funds with accretive transactions in 2021.”

“There is a light at the end of the tunnel, and we remain hopeful that vaccines will be distributed quickly to those who need it most,” continued Simpson. “We are grateful for the excellent strides our industry has made in caring for those most vulnerable, and will continue to do our part to support both our operators and our industry.”

About LTC

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. Learn more at www.LTCreit.com.

Forward Looking Statements

This press release includes statements that are not purely historical and are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward looking statements. These forward looking statements involve a number of risks and uncertainties. Please see LTC’s most recent Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its other publicly available filings with the Securities and Exchange Commission for a discussion of these and other risks and uncertainties. All forward looking statements included in this press release are based on information available to the Company on the date hereof, and LTC assumes no obligation to update such forward looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward looking statements due to the risks and uncertainties of such statements.

Wendy L. Simpson

Pam Kessler

(805) 981-8655

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Health Commercial Building & Real Estate Finance Construction & Property General Health REIT

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