Latest news with #MichaelDowling
RTÉ News
2 days ago
- Business
- RTÉ News
European Central Bank expected to cut interest rates again
The European Central Bank is widely expected to cut interest rates by a quarter of a percentage point later today. The move would bring its main rate to 2% which would automatically benefit tracker mortgage customers and feed through to many other borrowers. The ECB's move comes after inflation in the countries which use the euro fell to 1.9% last month below the bank's target rate of 2% last month. That leaves the door open for the bank to reduce rates for the eighth time in 12 months. The bank has been steadily cutting the cost of borrowing since last summer from their high of 4% as inflation has become more subdued. If rates are cut today it means a mortgage holder with 15 years left to run on their loan, would see repayments fall by €100 per month for every €100,000 borrowed. Mortgage broker Michael Dowling said while tracker customers have benefited most people on variable have been "ignored" by the banks. However, the banks have argued they did not pass on all the ECB's rate increases during the cost-of-living crisis. Mr Dowling said "all the banks have adjusted their fixed rates downwards". The Irish mortgage market has changed significantly over recent years with customers opting for better value in fixed products when are now the most popular. At the end of last year 66% of mortgage holders or 461,121 customers were on fixed rates, 16% or 112,000 were on variable rates and 18% or 126,000 were on trackers. While mortgage rates have fallen, the returns for borrowers have also dropped. On the economic horizon observers will be closely watching comments from the ECB's president Christine Lagarde on the bank's assessment of the eurozone economy and consumer prices as Europe negotiates with the Trump administration on tariffs.
Yahoo
15-05-2025
- Business
- Yahoo
Northwell CEO Michael Dowling to step down in October
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Northwell Health CEO Michael Dowling is stepping down as president and CEO of the nonprofit provider effective October 1, the health system said Wednesday. The executive, who has been at the helm of Northwell for more than 23 years, will continue to support the New York-based system in an advisory capacity as CEO Emeritus, according to the news release. Dowling was Northwell's first CEO and helped grow the company from a network of Long Island-based hospitals into one of the largest systems in the country, most recently through a merger with Nuvance Health. The deal took over a year to close and came with considerable regulatory conditions, including agreements from Northwell to invest in Nuvance facilities and constrain price growth. Still, the merger greatly swelled Northwell's size, adding seven hospitals to its portfolio and creating a nearly $23 billion system. The combined health system now employs approximately 104,000 workers across 28 hospitals and 1,000 care locations, according to the news release. Northwell's Board of Trustees has named John D'Angelo as Dowling's successor. D'Angelo, a former emergency medicine physician who currently serves as executive vice president of Northwell's central region, has been with Northwell for more than 25 years, including in clinical and administrative leadership roles. Recommended Reading Northwell, Nuvance complete merger 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
Associated Press
14-05-2025
- Health
- Associated Press
Michael Dowling to Step Down as Northwell Health President & CEO, to Be Succeeded by Northwell Executive VP John D'Angelo, MD
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--May 14, 2025-- Northwell Health, New York's largest non-for-profit health care provider and private employer, today announced that after serving as Northwell's first president and chief executive officer for more than 23 years, Michael J. Dowling will step down effective October 1, 2025 and transition to the role of CEO Emeritus, where he will serve in an advisory capacity, supporting the advancement of key public health initiatives, and focusing on teaching and writing. This press release features multimedia. View the full release here: Northwell Health's Michael Dowling (left) and Dr. John D'Angelo (right). (Credit: Lee Weissman/Northwell Health). Mr. Dowling's transition marks the end of an extraordinary tenure characterized by significant growth, industry innovation, and a steadfast commitment to enhancing health for all. Over the past two decades, his visionary leadership has transformed Northwell from a network of Long Island-based hospitals into one of the nation's ten largest health systems, renowned for its clinical, academic, and research excellence. Under his leadership, Northwell became New York State's first integrated health system in 1992 and now includes 28 hospitals across New York and Connecticut, employing 104,000 individuals, with over 14,000 affiliated physicians, 1,000 care locations, and a comprehensive network of home care, rehabilitation, and end-of-life services. As president and CEO of Northwell, Michael Dowling spearheaded the system's remarkable expansion, championing investments in research, leading to the growth of the Feinstein Institutes for Medical Research and positioning Northwell at the forefront of bioelectronic medicine. His dedication to innovative medical education through the Zucker School of Medicine, the Hofstra-Northwell School of Nursing, and Northwell's Center for Learning and Innovation has cultivated the next generation of healthcare professionals. Additionally, Mr. Dowling has taken a leadership role in addressing gun violence, the leading cause of death among children in the United States, recognizing it as a critical healthcare issue. He has mobilized over 60 healthcare CEOs nationwide to support gun violence prevention. For 18 consecutive years, he has been named to Modern Healthcare magazine's list of the '100 Most Influential People in Healthcare,' achieving the magazine's #1 ranking in 2022. After an extensive nationwide search, and confirmed in a unanimous vote, Northwell's Board of Trustees has appointed John D'Angelo, MD, who currently serves as executive vice president of the health system's central region, to succeed Mr. Dowling as president and CEO in October. Dr. D'Angelo began his more than 25-year tenure at Northwell as an emergency medicine physician at Glen Cove Hospital before advancing into health system-wide clinical and administrative leadership roles. 'It has been an extraordinary privilege to lead Northwell through a period of unprecedented growth and clinical transformation that has enabled our team members to make a meaningful difference and improve the lives of the tens of millions of patients and families who we've cared for over the last 25 years,' said Mr. Dowling. 'In Dr. D'Angelo, the Board of Trustees has selected a tremendous leader who will lead Northwell to greater heights. John is someone who understands and champions Northwell's unique and differentiated culture and his clinical and operational acumen coupled with skills as a decisive and collaborative leader will enable Northwell to raise the bar on the quality of care we deliver to the communities we serve in New York and Connecticut. I look forward to partnering with Dr. D'Angelo in the coming months to help ensure a seamless transition to what will be an exciting new chapter in the 33-year history of Northwell.' 'I am humbled and honored to be selected to succeed Michael Dowling as Northwell President and CEO. I am committed to build on his unparalleled legacy and vision that grew Northwell from a Long Island based health system into a regional and national health care leader,' said Dr. D'Angelo. 'Healthcare is a calling. Every minute of every day we have an opportunity to change someone's life for the better, and I look forward to leading our more than 100,000 team members who contribute to this critically important mission. Together, we will continue advancing better health for all.' As president of Northwell's central region, Dr. D'Angelo leads a dynamic healthcare network serving 2.8 million residents in western Nassau County and Queens, a network that includes 6 hospitals, over 270 ambulatory practice locations, and a dedicated team of 24,000 employees. During the COVID-19 pandemic, Dr. D'Angelo was at the forefront, orchestrating Northwell's operational response and later becoming Chief of Integrated Operations charged with streamlining system operations in the post-pandemic era. Before this role, Dr. D'Angelo was the senior vice president of Northwell's Emergency Medicine service line, where he managed 18 emergency departments and network of 60+ urgent care centers, serving 1.5 million patients annually. With nearly three decades of experience as an emergency medicine physician, Dr. D'Angelo possesses a deep understanding of clinical care delivery, quality, process improvement, and operational management. 'The Northwell Board of Trustees is enormously grateful for Michael Dowling's extraordinary tenure, and we are delighted to name Dr. D'Angelo as our next CEO,' said Board Chair Margaret Crotty. 'Dr. D'Angelo is an experienced administrator, leading a region that itself would rank among the country's largest health systems. He is a trusted mentor for so many Northwell leaders; a respected manager who inspires his team to consistently drive results; and a strategic leader who deploys technology toward the best health outcomes. John clearly stood out among an impressive slate as the best person to bring Northwell into a new era of care.' About Northwell HealthView source version on CONTACT: Barbara Osborn VP, Public Relations [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: GENERAL HEALTH HOSPITALS HEALTH SOURCE: Northwell Health Copyright Business Wire 2025. PUB: 05/14/2025 06:00 AM/DISC: 05/14/2025 05:59 AM
Yahoo
08-05-2025
- Business
- Yahoo
Northwell, Nuvance complete merger
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Northwell Health has completed its merger with Danbury, Connecticut-based Nuvance Health, the system said in a Wednesday press release. The deal officially closed May 1, after the systems received the final greenlight from Connecticut regulators last month. The merger creates a nearly $23 billion system, with 28 hospitals, 1,050 ambulatory care sites, 73 urgent care centers and more than 104,000 employees, according to the news release. Northwell President and CEO Michael Dowling will remain at the helm of Northwell and lead the combined system, according to a company spokesperson. Meanwhile, Nuvance President and CEO John Murphy will oversee Nuvance operations, reporting to Dowling. The merger is expected to offer smaller Nuvance access to Northwell's clinical, operating and financial resources and help the system recruit and develop talent, according to the press release. Northwell has also agreed to invest at least $1 billion into Nuvance facilities and expand some services at Nuvance hospitals. For example, Northwell will invest in women's health services, including labor and delivery services at Nuvance's Connecticut-based Sharon Hospital, and preserve staffing levels at New York-based Putnam Hospital. Northwell and Nuvance first announced plans to merge in February 2024, as a path toward financial stability for struggling Nuvance. The deal was approved by the New York State Department of Health and Connecticut Office of Health Strategy, attorneys general of each state and boards of trustees from both organizations. Recommended Reading Northwell Health, Nuvance Health to merge 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
Zawya
15-04-2025
- General
- Zawya
Sharjah commences inaugural ALA School Librarians Conference uniting global educators to inspire lifelong learning
Sharjah: The inaugural ALA School Librarians Conference in Sharjah commenced today (Tuesday) at Expo Centre Sharjah, highlighting the emirate's dedication to fostering a reading culture and enhancing school library systems across the region. Organised by the Sharjah Book Authority (SBA) and the American Library Association (ALA), in collaboration with the Emirates Library and Information Association (ELIA), American Association of School Libraries (AASL) and the Combined Book Exhibit; the two-day event brings together a distinguished lineup of school librarians and education experts from around the world. The opening ceremony was attended by Mansour Al Hassani, General Coordinator of Professional Conferences at SBA; Michael Dowling, Director of Chapter Relations Office & International Relations Office at ALA; alongside educators, academic supervisors, and librarians from the UAE and beyond. Commenting on the inaugural event Hassani said, 'Schools serve as the foundation for building a cohesive knowledge-based society, with school libraries forming the cornerstone of young generations' relationship with reading and books. Under the guidance of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of SBA, this conference is envisioned as a platform for exchanging specialised expertise and a practical opportunity to empower professionals in the school library sector. By providing access to global tools and experiences, the initiative aims to transform school libraries into interactive and inspiring environments.' International collaboration among school librarians The inaugural event commenced with a keynote address by Becky Calzada, President of the American Association of School Librarians and Library Services Coordinator at Leander Independent School District in Texas, USA. During her speech she said, 'Literacy and reading shape the minds and futures of individual readers, not just by providing access to books, but by inspiring a lifelong love of reading. Books serve as windows to the world, offering knowledge, inspiration, and endless possibilities that extend far beyond the classroom. To foster this effectively, we must collaborate, share our experiences, and learn from one another. At AASL we embrace the 'Backwards Design' philosophy, starting with the outcomes we want and working backward to create the best path forward. Developing strong reading habits requires consistency, curiosity, empathy, and a nurturing environment, qualities that empower students not only for academic and career success but for lifelong personal growth.' 'The challenges of literacy engagement are universal, whether in the UAE, the USA, or anywhere in between, which makes the exchange of ideas among librarians, educators, and literary experts vital at conferences such as these. Reading is fundamental to personal and academic achievement, and through school libraries, librarians serve as guides who help students discover not only information but also inspiration, confidence, and a sense of belonging that will support them throughout their lives,' she added. Cultivating a culture of reading for pleasure and read-aloud practices in schools In the conference's first session, Dr Margaret K. Merga, Associate Professor at the University of Notre Dame in Fremantle, Australia; Founder of Merga Consulting; and author; explored the positive impact of reading on students' literacy development and how school libraries can establish an inclusive reading culture. She began by saying, 'Think about what you love about reading and what it brings to your life; this is the key to inspiring a passion for reading in school children.' 'Reading for pleasure not only ignites engagement but also builds empathy, cognitive stamina, and provides an escape from daily pressures. Creating a culture of reading through whole-school literacy policies is essential, as it enhances engagement and ensures reading becomes a shared priority across the educational community. As librarians and educators, you are also social influencers with the power to instill a lifelong love of books. What you do matters deeply; research shows that students who recognise the value of reading beyond basic literacy are far more likely to develop daily reading habits,' Merga stated. She continued discussing her research saying, 'In 2024, we conducted a global survey within the school library workforce across 63 countries, gathering insights from 971 respondents. While the findings highlighted challenges such as deprofessionalization; with over two-thirds reporting that retired librarians were often replaced by less qualified staff; and the need to strengthen collaboration with classroom teachers, they also underscore the incredible role you play in the lives of your students, and I'm confident that school library communities can continue to inspire generations of readers and learners to come.'
