Latest news with #CraigWhite
Yahoo
20-05-2025
- Health
- Yahoo
New surgical unit to double number of operations
A new surgical unit is set to double the number of operations carried out at a North Yorkshire hospital. Six new operating theatres have been created at Friarage Hospital in Northallerton as part of a £35.5m project. The unit also includes two minor theatres and a surgical admission and day hub. Consultant Craig White said it had been designed from the "bottom up" to be more efficient and give patients a better quality of service. "It's a very exciting time for all of us I think," he said. "These are all brand new state-of-the-art facilities for us to decrease the risk of complications and improve patient outcomes." One of the first patients set to receive an operation in the new unit is 54-year-old Jason Sykes. The former mechanic, from Catterick, previously underwent a hip operation and has waited nine months for his other hip to be operated on. "The pain took me out of work," he explained. "I needed both of them doing. I got one done, I've waited nine months and then hopefully this one will go to plan, I can recover and then get a job again. "Just having one done has got me moving like I should, but the second one will help me get my life back." After looking around the new facility he said he "couldn't ask for more". "I live in Catterick so when my partner comes to visit it's 20 minutes rather than going to James Cook, which is an hour," he added. "It is a big difference." According to clinical operational lead Andrew Murray the Friarage Hospital was originally built in the late 1930s as an RAF Hospital. "Some of these theatres have been here since the early 1940s, with later additions in the 1980s for the Falklands War," he said. "As much as we love these theatres and they've had several renovations, it's time to retire them and move on to our new ones." Previously, the unit had problems with leaking roofs, drains and faults with ventilation. Now the operating theatres have robotic technology and controls to adjust the local temperature, as different procedures require different climates. Sarah Baker, head of clinical services, said the unit currently carried out 5,000 operations each year but the new facility would hopefully double that over the next five years. She said the Friarage would focus on elective care, including orthopaedics, urology, gynaecology, ENT and plastics. "Up at the acute sites, patients could often be cancelled for emergencies," she said. "This facility is completely ringfenced so the staff can't be moved from here. "That means we won't cancel patients for those reasons, which is a great experience and a lovely environment for the staff to work in as well." The hospital received funding to build the new operating theatre block as part of government investment in 50 UK surgical hubs. The first operations are due to take place on 12 June. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North. Friarage Hospital New surgical unit boosts NHS 75 celebrations
BBC News
20-05-2025
- Health
- BBC News
Friarage Hospital's new surgical unit to double operation numbers
A new surgical unit is set to double the number of operations carried out at a North Yorkshire hospital. Six new operating theatres have been created at Friarage Hospital in Northallerton as part of a £35.5m unit also includes two minor theatres and a surgical admission and day hub. Consultant Craig White said it had been designed from the "bottom up" to be more efficient and give patients a better quality of service. "It's a very exciting time for all of us I think," he said. "These are all brand new state-of-the-art facilities for us to decrease the risk of complications and improve patient outcomes." One of the first patients set to receive an operation in the new unit is 54-year-old Jason Sykes. The former mechanic, from Catterick, previously underwent a hip operation and has waited nine months for his other hip to be operated on. "The pain took me out of work," he explained."I needed both of them doing. I got one done, I've waited nine months and then hopefully this one will go to plan, I can recover and then get a job again."Just having one done has got me moving like I should, but the second one will help me get my life back."After looking around the new facility he said he "couldn't ask for more". "I live in Catterick so when my partner comes to visit it's 20 minutes rather than going to James Cook, which is an hour," he added."It is a big difference." According to clinical operational lead Andrew Murray the Friarage Hospital was originally built in the late 1930s as an RAF Hospital."Some of these theatres have been here since the early 1940s, with later additions in the 1980s for the Falklands War," he said. "As much as we love these theatres and they've had several renovations, it's time to retire them and move on to our new ones."Previously, the unit had problems with leaking roofs, drains and faults with ventilation. Now the operating theatres have robotic technology and controls to adjust the local temperature, as different procedures require different climates. Sarah Baker, head of clinical services, said the unit currently carried out 5,000 operations each year but the new facility would hopefully double that over the next five said the Friarage would focus on elective care, including orthopaedics, urology, gynaecology, ENT and plastics."Up at the acute sites, patients could often be cancelled for emergencies," she said. "This facility is completely ringfenced so the staff can't be moved from here. "That means we won't cancel patients for those reasons, which is a great experience and a lovely environment for the staff to work in as well."The hospital received funding to build the new operating theatre block as part of government investment in 50 UK surgical first operations are due to take place on 12 June. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Yahoo
21-04-2025
- Business
- Yahoo
Educational Development Corp (EDUC) Q3 2025 Earnings Call Highlights: Navigating Challenges ...
Net Revenues (Q3): $11.1 million compared to $16.9 million in the prior year. Average Active Brand Partners (Q3): 12,400 compared to 16,400 in the prior year. Loss Before Income Taxes (Q3): $1.1 million compared to income of $2.7 million in the prior year. Net Loss (Q3): $800,000 compared to net income of $2 million in the prior year. Loss Per Share (Q3): $0.10 compared to earnings per share of $0.24 in the prior year. Year-to-Date Net Revenues: $27.6 million compared to $42.1 million in the prior year. Year-to-Date Loss Before Income Taxes: $5.3 million compared to income before taxes of $2.9 million in the prior year. Year-to-Date Net Loss: $3.9 million compared to income of $2.2 million in the prior year. Year-to-Date Loss Per Share: $0.47 compared to earnings per share of $0.26 in the prior year. Net Inventories: Decreased by $8.8 million from $55.6 million to $46.8 million. Borrowings on Working Capital Line of Credit: $4.3 million with $1.2 million of availability at the end of the quarter. Warning! GuruFocus has detected 6 Warning Signs with EDUC. Release Date: January 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Educational Development Corp (NASDAQ:EDUC) has implemented operational improvements and cost efficiencies, reducing pretax losses compared to the previous year. The company introduced a successful shipping subscription program, offering reduced or free shipping and other perks, which received positive feedback. The Black Friday promotion, Book Friday, was expanded and generated significant sales performance through social media engagement. The company is hosting multiple StoryMaker Summits across the US, allowing for deeper connections with brand partners in regional settings. The sale of the Hilti Complex building is expected to pay off all bank debt, improving the company's financial position and cash flow. Net revenues for the third quarter decreased significantly from $16.9 million to $11.1 million compared to the previous year. The average number of active brand partners dropped from 16,400 to 12,400, indicating a decline in engagement. The company reported a net loss of $800,000 for the quarter, compared to a net income of $2 million in the same quarter last year. Gross margins were negatively impacted by increased discounting to boost sales and reduce excess inventory. The due diligence period for the building sale has been extended, delaying the expected financial relief from the transaction. Q: Can you provide an update on new markets and IT implementations? A: Craig White, President and CEO, stated that while there are no new markets to report, the SmartLab Toys in the retail division has performed well. On the IT front, successful implementations include e-commerce enhancements and a shipping subscription program. Future plans involve an online fundraiser program and a brand ambassador model to increase brand partner counts. Q: Could you clarify the timeline and details regarding the Hilti Complex sale? A: Dan O'Keefe, CFO, explained that the due diligence period for the Hilti Complex sale began in early November, with an initial expiration on January 19, and a possible extension to mid-February. The sale price remains at $38.3 million, consistent with the letter of intent. Q: What is the status of the relationship with Usborne? A: Craig White mentioned that there are no new updates, but they anticipate returning to normal purchasing levels with Usborne once restrictions are lifted. Q: Has the Board considered selling the company or exploring strategic alternatives? A: Craig White responded that the focus is on completing the building sale, which will strengthen the financial position. While several options are being considered, the priority is to stabilize operations post-sale. Q: Can you comment on the decline in brand partner numbers and future expectations? A: Heather Cobb, Chief Sales and Marketing Officer, acknowledged the decrease due to economic headwinds and MLM reputation challenges. However, she expressed confidence that numbers will improve post-building sale and as business operations normalize. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Educational Development Corporation Announces New Brokerage Agreement with Keen-Summit to Market the Sale of the Hilti Complex
Tulsa, Oklahoma--(Newsfile Corp. - March 24, 2025) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") ( executed a new brokerage agreement ("Agreement") with Keen-Summit Capital Partners, LLC ("Keen-Summit") for the marketing and brokerage services associated with the Company's headquarters and distribution warehouse located at 5400-5402 South 122nd East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The Agreement offers Keen-Summit the opportunity to market the Hilti Complex for sale for nine months. Per Craig White, Chief Executive Officer and President "Although this process has taken longer than we had expected we continue to work closely with our bank and our bank appointed financial advisor to execute the planned sale of the Hilti Complex. We have continued to evaluate previously announced offers as well as new purchase offers received through our local listing broker, McGraw Davisson Stewart, LLC ("McGraw"). We are grateful for our bank partners dedication to working with us and the patience they have demonstrated to allow us to find the right buyer." "During recent reviews and collaboration, we have determined that the best direction to maximize the value of the Hilti Complex for our shareholders is to engage Keen-Summit, a nationally recognized broker that has a much broader network of clients and potential buyers. Keen-Summit has a successful track record of maximizing the value of large real estate properties, like the Hilti Complex and we expect to be able to complete the listing and sale within the calendar year. We will also continue to use McGraw to provide local services, and they will be working hand-in-hand with Keen-Summit through this process." The Hilti Complex consists of multiple buildings totaling 402,000 square feet of rentable office and warehouse space on 35-acres. The Hilti Complex is occupied by the Company and two additional tenants with multi-year leases; Hilti, a world-wide tool manufacturer, and Crusoe, which offers Cloud, Artificial Intelligence Data Center Design, and Digital Renewable Optimization services. The Company expects to execute a new multi-year lease agreement for the space it occupies when it sells the Hilti Complex. About Educational Development Corporation (EDC) EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books ("Kane Miller"); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited ("Usborne") children's books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales. About Keen-Summit Capital Partners (LLC) Keen-Summit is a nationally recognized real estate broker offering additional services in lease restructuring and investment banking. For over 40 years, Keen Summit has helped thousands of companies, their sponsors and lenders sell and maximize the value of real estate across North America and beyond. Keen-Summit is based in Melville, New York. Contact:Educational Development CorporationCraig White, (918) 622-4522 Investor Relations:Three Part Advisors, LLC Steven Hooser (214) 872-2710 To view the source version of this press release, please visit Sign in to access your portfolio
