Deutsche Bank, Mudrick Sue Ambac Over $65 Million Transfer
The creditors, which also include CQS and Shenkman Capital Management, said in a lawsuit filed earlier this month in New York the transfer violated a term of Wisconsin-domiciled Ambac's rehabilitation — the equivalent of Chapter 11 for insurers. They pointed out that they have not been paid principal or interest on their notes since 2018.
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Yahoo
21 hours ago
- Yahoo
Bucks' Myles Turner contract considered 'worst' of NBA offseason
The Milwaukee Bucks made an interesting decision when they signed Myles Turner to a four-year, $108.9 million deal. On the surface, signing Turner to that contract made sense, but waiving and stretching Damian Lillard might not have. Unfortunately, the only way the Bucks could've made this work was if they had done exactly that with Lillard, and the front office was willing to take the risk. However, some believe it was the wrong one, including Yahoo Sports, which named Turner the worst free agency contract of the summer. 'On its own, the contract for Turner is not a bad one. The average annual value of $27.2 million is probably pretty close to an average salary for a starting center. And Turner is probably pretty close to an average starting center, even after he helped the Indiana Pacers to the 2025 NBA Finals last month... 'Because, in order to sign Turner into salary cap space, Milwaukee had to waive and stretch the $113 million left on Damian Lillard's contract. As a result, the Bucks will pay Lillard $22.5 million annually over the next five seasons not to play for them,' they wrote. MORE: It's tough to suggest that Turner is the worst contract on the free agency market this summer because it isn't his fault that the Bucks decided to get rid of Lillard. It's also unfair to say that the Bucks are paying him a certain amount of money when they're only paying him $108.9 million over four years. Ultimately, the Bucks had to make a tough choice and decided to do it, hoping to keep them competitive in a below-average Eastern Conference next season.
Associated Press
a day ago
- Associated Press
Epic UGM 2025 Survival Guide: Insider Tips for Vendors, Storytellers, and Market Watchers
Black Book Research Marks Its 12th Year on the Ground in Verona with Independent, Vendor-Agnostic Insights for Navigating Epic's Provider-First Culture MADISON, WI / ACCESS Newswire / August 16, 2025 / Every August, Verona becomes the gathering place for thousands of Epic users, providers, and partners. UGM isn't a typical trade show , it's more like a community meet-up where leaders come to hear Epic's roadmap, share ideas, and compare notes. For vendors, PR teams, and media, it's a chance to understand where the conversation is heading and how to connect without disrupting the flow. For vendors and the PR, content, and marketing teams that support them, UGM plays by different rules. This isn't where you show off. It's where you learn, listen, and figure out how not to step on Epic's toes. Black Book has been at UGM for twelve consecutive years, and this year we're sharing candid insights on what's worth your time, what to avoid, and what's not always what it looks like. Why Epic Matters More Than Ever Epic just collected several top honors in Black Book's 2025 surveys: #1 Large Hospital & Academic EHR - Epic topped the list for hospitals over 500 beds and AMCs. #1 Ambulatory EHR - EpicCare Ambulatory led for multi-specialty groups. #1 in Patient Accounting - Epic Resolute ranked first for large-hospital billing and financial integration. Global Expansion - Epic is one of the few EHRs truly deployable in 100+ countries. These recognitions reflect more than market share, they underscore Epic's influence on enterprise IT strategy, revenue cycle performance, and global deployment models. For vendors, PR firms, and marketing teams, aligning messaging with Epic's trajectory isn't optional; it's essential. Understanding how Epic is shaping provider priorities allows you to position solutions in complementary spaces, identify integration opportunities, and craft narratives that resonate with the executives and clinicians driving adoption. What's Worth Your Time Tuesday Keynote & 'Cool Stuff Ahead' The keynote sets the tone for the year, and in 2025 the themes are clear: AI, automation, and patient experience. Expect Epic to highlight not just new features, but how they're embedding intelligence into daily workflows from ambient documentation to predictive scheduling. In past UGMs, these announcements have reshaped priorities quickly. (When Epic previewed ambient clinical documentation in 2022, it accelerated demand for vendors that could prove seamless alignment with Epic's approach.) Vendors should listen less for the marketing spin and more for the clues on what providers will be asking about in the next RFP cycle. Cool Stuff Breakouts These sessions separate the polished keynote vision from what's truly ready for adoption. Some breakouts have had massive staying power (Epic's 2019 telehealth toolkit quietly laid the foundation for COVID-era virtual care) while others have faded away. The smart vendors look for white space: where Epic signals the need, but the solution is partial. Historically, gaps have shown up around population health analytics, precision medicine workflows, or specialty-specific modules. Those are opportunities for vendors to step in and create complementary value. Peer-to-Peer Tracks Although designed for providers, these sessions are often the most candid window into Epic customer sentiment. Providers use them to air frustrations and swap workarounds, whether it's revenue cycle complexities, interoperability gaps, or challenges embedding telehealth into everyday workflows. Black Book has seen these unfiltered pain points surface here months before they make it into survey data or RFP requirements. For vendors, PR firms, and marketing teams, this is where you learn the language that resonates because it's the language providers use with each other, not with sales reps. 2025 Watchlist: Where Vendors Should Pay Attention Ambient AI in Clinical Workflows - Epic is moving fast here; vendors should consider whether they're complementing or competing. Patient Engagement Beyond MyChart - Expect new features, but plenty of room for third-party innovation in remote monitoring, digital front door tools, and specialty-focused engagement. Cross-Border Data Exchange - Epic's global deployments mean more pressure on vendors to solve for multi-country compliance, translation, and regional integration. Specialty Care Extensions - Epic continues to strengthen core modules, but specialty workflows (oncology, behavioral health, rehab) often lag. These remain high-value entry points for partners. Revenue Cycle Automation - Resolute's strong ranking doesn't end the story; providers still struggle with denial management, AI-assisted coding, and payer integration. What to Skip Hard Selling UGM is built on relationships, not transactions. Cornering a CIO at lunch with your pitch isn't just ineffective: it's a reputation-killer. Provider leaders talk to each other, and word spreads quickly if a vendor is pushy or tone-deaf. In past years, we've seen companies shut out of follow-up meetings simply because they treated UGM like a hunting ground. If you want traction, focus on listening to what providers care about and save the pitch for after Verona. Provider Councils These forums, leadership councils, specialty groups, advisory tracks , are designed for providers to speak freely with each other and with Epic. They're not press briefings or lead-gen opportunities. Crashing them, taking notes with an agenda, or inserting your company's perspective will backfire. Providers value these spaces because they're candid and protected. Respecting those boundaries shows that you understand Epic's culture, and ignoring them can get you labeled as untrustworthy. Trade Show Thinking If you show up expecting HIMSS or HLTH, you'll be frustrated. There are no booths to draw people in, no badge scanners, no post-event lead lists. UGM is intentionally structured to keep the focus on providers and Epic's roadmap, not on vendor marketing. The companies that struggle here are the ones who measure success in swipes and scans. The companies that win are the ones who leave with insight and positioning instead of 'leads.' What's Not Always What It Looks Like 'Cool Stuff' Announcements Every UGM brings a wave of new features, AI pilots, and product teasers. Some of these turn into genuine market-shifters (Epic's 2019 telehealth expansion became foundational during COVID), while others fade quietly or never scale beyond a few early adopters. The trap for vendors is over-reacting. Don't build your next quarter's strategy on a single keynote demo. Instead, pay attention to which features providers buzz about in the hallways and which ones make it onto the Epic Roadmap with timelines and support commitments. That's where you'll know adoption is real. Cosmos & Data Partnerships Epic presents Cosmos, its massive data aggregation and research network, as a partnership opportunity. In reality, many vendors discover it functions more like a data contribution pipeline than a co-development platform. Providers contribute; Epic aggregates; insights flow back on Epic's terms. This doesn't mean there's no value, but vendors need to walk in with clear eyes: contributing data doesn't automatically translate into a strategic seat at the table. Successful vendors position themselves around what Cosmos doesn't provide, for example, advanced analytics, specialty-specific research, or integration with external datasets. Beyond the Walls Sessions These sessions are marketed as open forums to discuss collaboration across the healthcare ecosystem: payers, public health, life sciences, and more. They are valuable for networking and understanding where Epic is signaling interest. But it's important to remember: Epic always positions itself as the central hub in any collaboration. Vendors who attend expecting co-equal partnerships often come away disappointed. The real takeaway is exposure and visibility to providers and Epic staff, a chance to signal alignment but not necessarily immediate business upside. Think of it as strategic reconnaissance rather than a direct sales opportunity. PR, Media, and Marketing: Your Verona Playbook UGM isn't an easy place to run PR or marketing plays. Epic controls its narrative tightly, and there's no 'expo buzz' to ride on. But there's still plenty of value if you approach it right. Don't push for scoops. Use UGM to understand what stories providers are telling each other, then build campaigns that echo that language. The gold is in the corners of conversations. Capture the tone of what frustrates providers that's what will resonate in post-UGM blogs, case studies, and thought leadership. How to Access Pre-UGM, UGM, and Post-UGM Insights Black Book's polling around Epic UGM captures provider, payer, and vendor sentiment before, during, and after Verona. Vendors, providers, and payers can request specific polling data by contacting [email protected]. Free resource data reports are available for download at About Black Book Research Black Book Research is an independent healthcare benchmarking and satisfaction survey firm, trusted worldwide for unbiased insights into healthcare technology, outsourcing, and managed services. Known for its rigorous methodologies and vendor-agnostic approach, Black Book collects feedback from providers, payers, and healthcare professionals to deliver the industry's most actionable performance data. Black Book has no financial interests, advisory relationships, or vendor subscriptions, ensuring research findings remain transparent, credible, and aligned with real-world user experience. Contact InformationPress Office 8008637590 SOURCE: Black Book Research press release
Miami Herald
a day ago
- Miami Herald
'Waste to energy' gas company files Chapter 11 bankruptcy
NLC Energy has a business model that sounds a bit like a wizard turning rocks into gold or a certain biblical fellow who could famously turn water into wine. The company builds, owns, and operates renewable natural gas facilities that convert organic waste into useful commodities like clean energy, organic nutrients, clean water, organic liquid carbon dioxide, and dry ice. Related: 63-year-old retailer closing all stores in Chapter 11 bankruptcy Organic waste does not solely mean animal poo. It can also include food waste, grass trimmings, and more. It's a proven process that should be a key part of building a United States that's not dependent upon foreign oil. NLC Energy creates renewable energy. "Through the process of anaerobic digestion, we harvest the energy stored in organic waste sourced from farms and food manufacturers," it shared. By upcycling waste into useful commodities, the company offers a way for waste generators to reduce their carbon footprint and attain ESG goals. "Low-carbon, renewable natural gas replaces higher-carbon fossil fuels that are used in transportation, by utilities, and by manufacturers. Clients and partners advance towards meeting net-zero carbon emission objectives," NLC shared on its website. Those are noble goals that are perhaps not fully embraced by the current political climate. NLC Energy Denmark LLC, a renewable energy company specializing in organic waste digestion for biogas production, has filed for Chapter 11 bankruptcy protection in the Eastern District of Wisconsin. The company, formerly known as NEW Organic Digestion LLC, operates a facility in Denmark, Wisconsin, while maintaining its principal place of business in Nashua, New Hampshire. The company filed its voluntary petition on August 16 with a plan already prepared, suggesting a strategic approach to its restructuring efforts. The filing indicates assets valued between $50 million and $100 million, with liabilities ranging from $100 million to $500 million. NLC Energy reported having between 50 and 99 creditors and stated that funds will be available for distribution to unsecured creditors after administrative expenses are paid. More Bankruptcy: Beloved sandwich chain franchisee closes in Chapter 11 bankruptcyHuge retail chain nears Chapter 11 bankruptcy after harsh closureFamous gunmaker files for Chapter 11 bankruptcy, closes The company has filed a restructuring document with the bankruptcy court that was not publicly available on August 16. Welles Hatch, NLC Energy's Chief Financial Officer, signed the petition, which was filed by attorney Jerome R. Kerkman of Kerkman & Dunn. NLC Energy has presented itself as part of the solution to the problem of global warming. It's doing that in a practical, not ideological, way. The company has been working toward that while literally paying farmers for their unused manure. That's a solution to a problem that also comes with added revenue. NLC Energy uses dairy manure as its primary feedstock. Manure supplies are sourced from dairy farms in the region near our facility, based in the heart of dairy production in Northeastern Wisconsin. "From a business perspective, we effectively borrow the farm's manure for a fee per gallon of manure collected. Once manure has been through the digestion process, it is returned to the farm in amounts equal (gallon for gallon) to that which was collected. The farm is paid for each gallon collected, with the assumption that a modern dairy farm is generating approximately 30 gallons of manure, per cow, per day," it shared on its website. NLC Energy pays for all manure transport, including trucking of the manure from the farm and its subsequent return to the farm. In addition, the company will make capital improvements on the farm to facilitate manure collection. Capital improvements may include reception tanks, agitators, pumps, fill stand and other necessary infrastructure on the farm to allow for daily collection and return of manure. Related: Beyond Meat headed to Chapter 11 bankruptcy NLC Energy, a renewable natural gas company converting manure and food waste into clean energy, has filed for Chapter 11 bankruptcy. Assets: $50M–$100 million; Liabilities: $100M–$500 million; lists 50–99 creditors. CFO Welles Hatch signed the petition, filed by attorney Jerome R. Kerkman. Business model: Pays farmers for manure, processes it via anaerobic digestion, returns residue, and covers transport plus farm infrastructure upgrades. Company positioned itself as a climate solution, capturing methane before release and supporting ESG/net-zero has filed a bankruptcy plan, but it has not been made public yet. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
