Latest news with #Altera
Bloomberg
3 days ago
- Business
- Bloomberg
Banks Launch $1.5 Billion Loan for Silver Lake's Altera Stake
By and Jeannine Amodeo Save A group of banks led by Barclays Plc launched a $1.5 billion loan sale to support Silver Lake Management 's acquisition of a majority stake in programmable chips unit Altera Corp. from Intel Corp., according to a person with knowledge of the matter. The US leveraged-loan market had its most launches since the end of February this week, with 25 borrowers seeking funds for dividends, refinancing efforts or mergers and acquisitions.
Business Wire
5 days ago
- Business
- Business Wire
Altera Digital Health Collaborates With MCAG Amid $2.8B Blue Cross Blue Shield Provider Settlement
BUSINESS WIRE)-- Altera Digital Health, a global healthcare IT leader, today announced it has entered into an agreement with Managed Care Advisory Group, Inc. (MCAG), one of the largest revenue recovery consulting firms, to bring MCAG's class action lawsuit recovery services to hospitals and providers. MCAG will help eligible healthcare parties navigate the claims filing process and recover funds from class action lawsuit settlements, including the $2.8 billion Blue Cross Blue Shield (BCBS) provider settlement. Eligible healthcare providers will be required to enter into an agreement with MCAG (which includes a contingent fee) to obtain this service. While eligible individuals and organizations can submit class action settlement claims directly, providers and small/medium-sized hospitals often lack the time, resources and in-house experience to effectively manage intensive claims processes. MCAG has helped fill these gaps for approximately 1,400 hospitals, recovering more than $500 million in funds by preparing required documentation and working with settlement administrators to reconcile and allocate appropriate settlement distributions. With a settlement claims period spanning July 2008–October 2024, the BCBS class action lawsuit exemplifies the level of complexity MCAG is prepared to handle on behalf of healthcare clients. 'No healthcare provider should be denied damages they're rightfully owed due to the immense administrative burdens that class action lawsuit filing places on class members,' said Jonathan Gadd, EVP, Business Development, MCAG. 'We look forward to working with Altera's clients, doing the heavy lifting for them and streamlining all stages of filing so they can focus on patients, not paperwork and processes.' Altera provides clinical, interoperability, financial and operational health IT solutions to a variety of stakeholders including mid-size hospitals and health systems with Sunrise™; rural, critical access and community hospitals with Paragon ® Denali; and independent provider practices with TouchWorks ® EHR. In addition to these solutions, Altera offers cloud hosting, technical support and managed services that enable healthcare organizations of all sizes to drive better experiences for their clinicians, staff members and the patients they serve. 'At Altera Digital Health, we endeavor to be true partners to our clients, and that includes connecting them with third-party experts and solutions that can further support their strategic goals and financial wellbeing,' said Marcus Perez, President, Altera Digital Health. 'Providers deserve to be paid fully for the essential care they provide. Our relationship with MCAG will help them to recover what they're owed without straining their time, resources or staff.' Eligible Altera clients, hospitals and providers interested in working with MCAG to file a claim in the BCBS class action lawsuit ahead of the July 29, 2025, filing deadline can learn more here. About Altera Digital Health A global healthcare IT leader, Altera Digital Health develops and elevates technology to bring next-level healthcare within reach. Altera's approach to our solutions is changing the way healthcare is delivered—we see the summit of what healthcare can be, but rather than total transformation, we're focused on helping organizations take the steps they need to get there. Altera designs digital health services that lead healthcare to a higher place, while we guide those we partner with, all along the way. To learn more, visit
New Straits Times
20-05-2025
- Business
- New Straits Times
Intel explores sale of networking and edge unit, sources say
TAIPEI/SAN FRANCISCO/NEW YORK: Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said. Talks about the potential sale of the group, once called NEX in Intel's financial results, are a part of CEO Lip-Bu Tan's strategy to focus its tens of thousands of employees on areas in which it has historically thrived: PC and data center chips. "That's something we're going to expand and build on," Tan told executives in Taipei on Monday at a celebration of Intel's 40th year, adding that the firm had a share of about 68 per cent of the PC chip market and 55 per cent of that for data centers. Intel has considered when and how to exit its NEX group and engaged third parties who may be interested in a deal, one of the sources familiar with the matter said. But it has not yet launched a formal deal process for the NEX unit, or solicited bidders, said two of the sources. All three spoke on condition of anonymity as they were not authorized to discuss confidential matters with the media. The company interviewed investment bankers to select an adviser for the sales process in recent weeks, one of the sources said. But Intel has not yet hired a banker, another of the sources said. Intel declined to comment. Intel is exploring the idea of a sale because the businesses in its former NEX group no longer appear as relevant to the focus Tan has adopted for the company, said two of the sources. The unit which makes chips for telecom equipment will no longer help Intel's core strategy, one source said. And Intel's networking business too may be sold, because companies such as Broadcom have a tight grip on crucial portions of that market, another source said. Intel has discussed the portfolio of businesses with the general aim of deciding if it would make strategic sense to partner with another company or sell a stake in it, one of the sources said. The discussions within Intel are at an early stage and the company could decide to make other arrangements besides a sale for the NEX businesses. In the year's first quarter, Intel moved the NEX financial results into its data center and PC groups and now does not report the segment separately. The NEX group generated revenue of US$5.8 billion in 2024, securities filings show. Intel has already moved to shed some lines of business. In April, it sold a majority stake in its Altera unit to SilverLake for US$4.46 billion to help fund the revival effort. Before the SilverLake sale, the company had been preparing to spin out Altera through a public offering under former CEO Pat Gelsinger, as it did with Mobileye in 2022. Though Tan has told investors Intel plans to focus efforts on core operations that have historically been its largest revenue generators, the company has suffered significant losses in its share in the data center and PC areas.
Yahoo
14-05-2025
- Business
- Yahoo
Intel (NasdaqGS:INTC) Reports US$821 Million Q1 Net Loss
Intel recently announced the launch of the NetApp AIPod Mini, a step underscoring its commitment to AI innovation. With the market rising 4% in the past week and 12% over the year, Intel's share price climbed 14% this month despite reporting a Q1 net loss of $821 million. The collaboration with Tejas Networks to deliver educational content in India and the introduction of quantum-safe architecture with Arqit Quantum likely added weight to the broader market trends. Meanwhile, executive transitions and a potential sale of its Altera unit highlight Intel's ongoing realignment efforts. Buy, Hold or Sell Intel? View our complete analysis and fair value estimate and you decide. These 19 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. Intel's recent announcements, including the introduction of the NetApp AIPod Mini and collaborations with companies like Tejas Networks and Arqit Quantum, highlight Intel's ongoing efforts to realign its operations amid increasing competition in the AI space. These initiatives could be perceived as steps toward overcoming organizational inefficiencies and embracing new technology sectors. However, such structural transformations may not instantly translate into immediate financial gains, potentially impacting short-term revenue and earnings forecasts. Over the past year, Intel's total shareholder return, combining share price and dividends, was a decline of 26.88%. This underperformance contrasts with the US Semiconductor industry and the broader US market, which saw positive returns of 18.5% and 11.6% respectively during the same period. This suggests that while Intel's recent strategic moves have generated short-term excitement, as seen in April's 14% share price increase, the longer-term outlook remains challenging. Intel's current share price stands at US$19.94, below the consensus analyst price target of US$21.34, suggesting that some investors might perceive the stock as undervalued. Nevertheless, the news of potential product innovations and collaborations could positively influence future revenue and earnings expectations, contingent on successful execution and market adoption. Overall, while the market appears to discount Intel's current valuation compared to its peers, the company's strategic initiatives in AI and the potential restructuring benefits could shape the trajectory of its competitiveness and financial performance. Gain insights into Intel's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:INTC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Intel (NasdaqGS:INTC) Reports US$821 Million Q1 Net Loss
Intel recently announced the launch of the NetApp AIPod Mini, a step underscoring its commitment to AI innovation. With the market rising 4% in the past week and 12% over the year, Intel's share price climbed 14% this month despite reporting a Q1 net loss of $821 million. The collaboration with Tejas Networks to deliver educational content in India and the introduction of quantum-safe architecture with Arqit Quantum likely added weight to the broader market trends. Meanwhile, executive transitions and a potential sale of its Altera unit highlight Intel's ongoing realignment efforts. Buy, Hold or Sell Intel? View our complete analysis and fair value estimate and you decide. These 19 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. Intel's recent announcements, including the introduction of the NetApp AIPod Mini and collaborations with companies like Tejas Networks and Arqit Quantum, highlight Intel's ongoing efforts to realign its operations amid increasing competition in the AI space. These initiatives could be perceived as steps toward overcoming organizational inefficiencies and embracing new technology sectors. However, such structural transformations may not instantly translate into immediate financial gains, potentially impacting short-term revenue and earnings forecasts. Over the past year, Intel's total shareholder return, combining share price and dividends, was a decline of 26.88%. This underperformance contrasts with the US Semiconductor industry and the broader US market, which saw positive returns of 18.5% and 11.6% respectively during the same period. This suggests that while Intel's recent strategic moves have generated short-term excitement, as seen in April's 14% share price increase, the longer-term outlook remains challenging. Intel's current share price stands at US$19.94, below the consensus analyst price target of US$21.34, suggesting that some investors might perceive the stock as undervalued. Nevertheless, the news of potential product innovations and collaborations could positively influence future revenue and earnings expectations, contingent on successful execution and market adoption. Overall, while the market appears to discount Intel's current valuation compared to its peers, the company's strategic initiatives in AI and the potential restructuring benefits could shape the trajectory of its competitiveness and financial performance. Gain insights into Intel's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:INTC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
