GRAND RAPIDS – College bound students seeking free assistance with filling out the federal financial aid application, known as the FAFSA, should plan on attending the College Goal Sunday event in their area on Feb. 12.
“For many students and their families, college seems like an unachievable and unaffordable dream,” said state Superintendent of Public Instruction Mike Flanagan, about the statewide event. “College Goal Sunday locations have financial aid experts who can help families complete these complex applications and maximize financial assistance for students wanting to go to college.”
Last year, more than 1,600 students received assistance at College Goal Sunday events from volunteers. According to the state, statistics show that students who complete and submit FAFSA forms are more likely to go on to college.
The annual event is a collaborative effort of the state Department of Education, the Michigan Student Financial Aid Association, and EduGuide. The program was created to increase the number of students who continue education beyond high school and earn post-secondary degrees. The FAFSA is required of any student seeking financial aid including grants, loans, and many scholarships.
“It is critical that high school seniors and their parents are aware of these College Goal Sunday events,” said Bryan Taylor, president of EduGuide. “Students must complete and file a FAFSA in order to secure financial aid and should file by the March 1st priority date to ensure eligibility for federal and state programs.”
On Sunday, Feb. 12, student financial aid experts will be available to guide students and their parents through each step of completing and filing the free FAFSA. Students under age 23 are encouraged to attend with a parent or guardian. Parents and students should bring their completed 2011 Federal tax return (1040) if possible, or their W-2 and 1099 forms.
Dozens of sites across Michigan will be hosting College Goal Sunday from 2 to 4 p.m.including: Grand Valley State University Pew Campus Building A, located at 401 Fulton St.; Davenport University-Holland campus, 643 South Waverly Rd. and Newaygo County Regional Educational Service Agency, 4747 West 48th St. in Fremont; Loutit District Library, 407 Columbus Drive in Grand Haven and Western Michigan University
Schneider Hall – Business Court, 1903 W Michigan Ave. in Kalamazoo.
For a complete list of locations and additional information visit the website.
Prizes will be awarded during events, including a $1,000 scholarship, two $500 scholarships, and three $250 scholarships. Additional support for College Goal Sunday was provided by the C.S. Mott Foundation, the Lumina Foundation for Education, and the DTE Energy Foundation.
Email: mscott@grpress.com and follow her on Twitter at Twitter.com/GRPScotty.
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2012年1月20日星期五
2012年1月4日星期三
Morgan Joseph TriArtisan Adds Two Managing Directors to Its Healthcare Investment Banking Group
NEW YORK–(BUSINESS WIRE)– Morgan Joseph TriArtisan LLC, the investment and merchant bank focused on middle market companies, today announced the addition of two new Managing Directors, John Cramer and Andy Sherman, to its Healthcare Investment Banking Group, reporting to Group Head Marc Cabrera.
Mr. Cramer, has over 15 years of experience working with companies in the Specialty Pharmaceuticals, Healthcare IT and Healthcare Services subsectors, including completed engagements for equity and debt financing, M&A and restructuring. Since 1996 he has completed over 115 transactions having an aggregate value in excess of $20 billion.
Mr. Sherman has over 17 years of M&A expertise with a focus on Healthcare Services, Specialty Pharmaceuticals and Medical Devices. He has completed over 90 transactions with an aggregate value in excess of $35 billion.
“The addition of John and Andy to our existing team bolsters our already strong presence in healthcare and underscores our firm’s commitment to continued growth,” said Mary Lou Malanoski, Morgan Joseph TriArtisan’s Vice Chair and Head of Investment Banking. “Their industry expertise, extensive relationships and diverse skills are a complement to our firm’s focus on providing differentiated, high-value services to the middle market. We believe Morgan Joseph TriArtisan is increasingly well positioned to serve this market with a solid core of professionals, and we are delighted to have John and Andy join our firm.
“Current conditions in the securities business provide us with the opportunity to add exceptionally qualified investment bankers like John and Andy, at a time when many of our competitors are reducing their staffs. Morgan Joseph TriArtisan is committed to continue building capabilities in our four core industry verticals in order to better serve our investment banking clients.”
Previously, Mr. Cramer spent nine years at Gleacher & Company covering Healthcare, where he successfully completed lead-managed initial public offerings and follow-on equity offerings, private placements of debt and equity, buy-side and sell-side M&A transactions and creditor and debtor-side restructurings. Earlier, he covered Healthcare IT and services at Robertson, Stephens & Company and was an associate at Dewey Ballantine LLP in New York City. He holds a Juris Doctor from The University of Michigan Law School and a BA from Albion College and Oxford University.
Prior to joining Morgan Joseph TriArtisan, Mr. Sherman was a senior member of the Healthcare Investment Banking Group at Madison Williams. From 2007 to 2009, Mr. Sherman worked in principal investing for KBL Healthcare Acquisition Corp. and Capitol Acquisition Corp., sourcing and executing transactions across various industries including healthcare services, specialty pharmaceuticals, and medical devices. From 2001 to 2007, Mr. Sherman was at Banc of America Securities where he was a Principal in Investment Banking. Earlier, Mr. Sherman worked at Montgomery Securities and James D. Wolfensohn, Inc. Mr. Sherman received a Masters of Business Administration with Distinction from Harvard Business School, a B.S. in Economics from the Wharton School of Business and a B.A. in International Relations from the University of Pennsylvania.
About Morgan Joseph TriArtisan LLC
Morgan Joseph TriArtisan LLC (www.mjta.com) is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing. The firm’s services include mergers, acquisitions and restructuring advice, in addition to private placements and public offerings of equity and debt, as well as research for institutional clients
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Mr. Cramer, has over 15 years of experience working with companies in the Specialty Pharmaceuticals, Healthcare IT and Healthcare Services subsectors, including completed engagements for equity and debt financing, M&A and restructuring. Since 1996 he has completed over 115 transactions having an aggregate value in excess of $20 billion.
Mr. Sherman has over 17 years of M&A expertise with a focus on Healthcare Services, Specialty Pharmaceuticals and Medical Devices. He has completed over 90 transactions with an aggregate value in excess of $35 billion.
“The addition of John and Andy to our existing team bolsters our already strong presence in healthcare and underscores our firm’s commitment to continued growth,” said Mary Lou Malanoski, Morgan Joseph TriArtisan’s Vice Chair and Head of Investment Banking. “Their industry expertise, extensive relationships and diverse skills are a complement to our firm’s focus on providing differentiated, high-value services to the middle market. We believe Morgan Joseph TriArtisan is increasingly well positioned to serve this market with a solid core of professionals, and we are delighted to have John and Andy join our firm.
“Current conditions in the securities business provide us with the opportunity to add exceptionally qualified investment bankers like John and Andy, at a time when many of our competitors are reducing their staffs. Morgan Joseph TriArtisan is committed to continue building capabilities in our four core industry verticals in order to better serve our investment banking clients.”
Previously, Mr. Cramer spent nine years at Gleacher & Company covering Healthcare, where he successfully completed lead-managed initial public offerings and follow-on equity offerings, private placements of debt and equity, buy-side and sell-side M&A transactions and creditor and debtor-side restructurings. Earlier, he covered Healthcare IT and services at Robertson, Stephens & Company and was an associate at Dewey Ballantine LLP in New York City. He holds a Juris Doctor from The University of Michigan Law School and a BA from Albion College and Oxford University.
Prior to joining Morgan Joseph TriArtisan, Mr. Sherman was a senior member of the Healthcare Investment Banking Group at Madison Williams. From 2007 to 2009, Mr. Sherman worked in principal investing for KBL Healthcare Acquisition Corp. and Capitol Acquisition Corp., sourcing and executing transactions across various industries including healthcare services, specialty pharmaceuticals, and medical devices. From 2001 to 2007, Mr. Sherman was at Banc of America Securities where he was a Principal in Investment Banking. Earlier, Mr. Sherman worked at Montgomery Securities and James D. Wolfensohn, Inc. Mr. Sherman received a Masters of Business Administration with Distinction from Harvard Business School, a B.S. in Economics from the Wharton School of Business and a B.A. in International Relations from the University of Pennsylvania.
About Morgan Joseph TriArtisan LLC
Morgan Joseph TriArtisan LLC (www.mjta.com) is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing. The firm’s services include mergers, acquisitions and restructuring advice, in addition to private placements and public offerings of equity and debt, as well as research for institutional clients
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2012年1月2日星期一
Ziegler Closes $59 Million Covenant Retirement Communities Financing
CHICAGO, IL–(Marketwire -12/29/11)- Ziegler, a specialty investment bank, is pleased to announce the successful closing of a tax-exempt bank direct purchase for Covenant Retirement Communities (CRC). The direct purchase was completed by JP Morgan Chase and was structured as two series of bonds, $15,830,000 of Series A Bonds and $43,335,000 Series B Bonds, for a total aggregate par amount of $59,165,000 (Series 2011 Bonds).
The Series 2011 Bonds were the first multi-state issuance for the Illinois Finance Authority. The Illinois Finance Authority passed legislation allowing it to serve as a multi-state conduit issuer in July, 2010. The CRC financing is the first financing that has been approved and closed under the multi-state legislation. Ziegler, the IFA, and CRC are very excited to be the first transaction of what hopes to become a great resource to other multi-state providers. “The Illinois Finance Authority is proud to play a role in our State’s first multi-state conduit transaction. Governor Pat Quinn and the Illinois General Assembly recognized that multi-state conduit issuance authority is an important tool to both retain and create jobs in Illinois. The IFA is pleased to work with Ziegler’s professional team and, importantly, Covenant Retirement Communities, on this groundbreaking project,” said Chris Meister, IFA Executive Director.
Proceeds from the Series 2011 Bonds were used to refund the outstanding Series 1999 (MI) Bonds, Series 1999 (CO) Bonds, Series 2004 Bonds, and Series 2006 Bonds, as well as provide CRC with more than $6 million of new money to pay for capital improvements for several CRC campuses in Colorado, Illinois, and Michigan. In addition to the issuance of the Series 2011 Bonds, Ziegler also worked closely with Covenant Retirement Communities on the replacement of two letters of credit for the Series 1992 and 1995 Bonds. Both the Series 1992 and 1995 Bonds will be secured by letters of credit from JP Morgan Chase.
Covenant Retirement Communities, Inc. (CRC) is an Illinois 501(c)(3) eligible corporation that owns and operates a system of continuing care communities offering the full continuum of care, in association with the Evangelical Covenant Church. The corporate office of CRC is located in Skokie, IL with facilities located in California, Washington, Connecticut, Florida, Illinois, Minnesota, Colorado, and Michigan. CRC currently has 14 communities with more than 4700 independent living, assisted living, and skilled nursing units and is #5 on the LeadingAge Ziegler 100, a list of the largest not-for-profit senior living providers in the nation.
As one of the nation’s leading underwriters of financing for non-profit senior living providers Ziegler offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. Don Carlson, Managing Director and Vice Chairman at Ziegler, commented, “The IFA multistate legislation provided a very cost effective and efficient process which allowed CRC to issue bonds to refund prior issues in Colorado, Michigan and Illinois and to fund new projects in each of these states as well. This transaction will further strengthen CRC’s conservative capital structure, which will allow them to continue to provide the highest level of service to their residents. This transaction was truly a success on many fronts.”
For further information on the structure and use of these issues, please see the Official Statements for the Series 1992 and Series 1995 Bonds located on the Electronic Municipal Market Access system’s Document Archive.
For more information about Ziegler, please visit us at www.Ziegler.com.
About Ziegler:
The Ziegler Companies, Inc. (Pinksheets: ZGCO.PK – News) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
This communication does not constitute an offer to buy these securities. The offering is made only by the Official Statement and through an appropriately registered representative. The Series 2011 Bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held, and, if sold prior to maturity, the yield received may be more or less than the yield calculated at the time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.
The corporation or its officers, directors, stockholders, or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your Financial Advisor before deciding whether to invest in these securities.
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The Series 2011 Bonds were the first multi-state issuance for the Illinois Finance Authority. The Illinois Finance Authority passed legislation allowing it to serve as a multi-state conduit issuer in July, 2010. The CRC financing is the first financing that has been approved and closed under the multi-state legislation. Ziegler, the IFA, and CRC are very excited to be the first transaction of what hopes to become a great resource to other multi-state providers. “The Illinois Finance Authority is proud to play a role in our State’s first multi-state conduit transaction. Governor Pat Quinn and the Illinois General Assembly recognized that multi-state conduit issuance authority is an important tool to both retain and create jobs in Illinois. The IFA is pleased to work with Ziegler’s professional team and, importantly, Covenant Retirement Communities, on this groundbreaking project,” said Chris Meister, IFA Executive Director.
Proceeds from the Series 2011 Bonds were used to refund the outstanding Series 1999 (MI) Bonds, Series 1999 (CO) Bonds, Series 2004 Bonds, and Series 2006 Bonds, as well as provide CRC with more than $6 million of new money to pay for capital improvements for several CRC campuses in Colorado, Illinois, and Michigan. In addition to the issuance of the Series 2011 Bonds, Ziegler also worked closely with Covenant Retirement Communities on the replacement of two letters of credit for the Series 1992 and 1995 Bonds. Both the Series 1992 and 1995 Bonds will be secured by letters of credit from JP Morgan Chase.
Covenant Retirement Communities, Inc. (CRC) is an Illinois 501(c)(3) eligible corporation that owns and operates a system of continuing care communities offering the full continuum of care, in association with the Evangelical Covenant Church. The corporate office of CRC is located in Skokie, IL with facilities located in California, Washington, Connecticut, Florida, Illinois, Minnesota, Colorado, and Michigan. CRC currently has 14 communities with more than 4700 independent living, assisted living, and skilled nursing units and is #5 on the LeadingAge Ziegler 100, a list of the largest not-for-profit senior living providers in the nation.
As one of the nation’s leading underwriters of financing for non-profit senior living providers Ziegler offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication. Don Carlson, Managing Director and Vice Chairman at Ziegler, commented, “The IFA multistate legislation provided a very cost effective and efficient process which allowed CRC to issue bonds to refund prior issues in Colorado, Michigan and Illinois and to fund new projects in each of these states as well. This transaction will further strengthen CRC’s conservative capital structure, which will allow them to continue to provide the highest level of service to their residents. This transaction was truly a success on many fronts.”
For further information on the structure and use of these issues, please see the Official Statements for the Series 1992 and Series 1995 Bonds located on the Electronic Municipal Market Access system’s Document Archive.
For more information about Ziegler, please visit us at www.Ziegler.com.
About Ziegler:
The Ziegler Companies, Inc. (Pinksheets: ZGCO.PK – News) together with its affiliates (Ziegler) is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion and education finance, as well as corporate finance and FHA/HUD. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler creates tailored financial solutions including bond financing, advisory, private placement, seed capital, M&A, risk and asset management. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
This communication does not constitute an offer to buy these securities. The offering is made only by the Official Statement and through an appropriately registered representative. The Series 2011 Bonds may not be appropriate for all investors. Market value and/or accrued interest will fluctuate during the period held, and, if sold prior to maturity, the yield received may be more or less than the yield calculated at the time of purchase. Discounted yields herein are gross yields to maturity. Discounted bonds may be subject to capital gains tax, rates of which will vary, so investors should consult their own tax advisor with regard to their personal tax situation. Interest on municipal bonds may be exempt from federal income tax but may be subject to tax for residents of certain states. For bonds designated AMT, taxes may exist for certain investors. Ziegler will sell these bonds on a principal basis.
The corporation or its officers, directors, stockholders, or members of their families may at times have a position in the securities mentioned herein and may make purchases or sales of these securities. Not all call or put information is identified in the description above. Please be sure to discuss any special features with your Financial Advisor before deciding whether to invest in these securities.
http://tourism9.com/
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