pinta capital partnerslow income nonprofits

Teave teie seadme ja internetihenduse (nagu teie IP-aadressi) kohta, Sirvimis- ja otsingutegevused Yahoo veebilehtedel ja rakendustes. Virtual house call solution for patients transitioning between levels of care. Si t'animes a conixer la ciutat ms gran de l'Equador, no te'n penedirs! Delisting from the NYSE and Deregistration under the Exchange ActIn connection with the investment by ReGen Healthcare, Genesis has agreed and intends to voluntarily delist its Common Stock from the New York Stock Exchange. Medicare plan specifically designed for beneficiaries living in SNFs for 90+ days. David Harrington. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Pinta Capital Partners, INC. Mission Companies Team Contact Empower the Industry At-home healthcare designed to prevent unnecessary emergency room visits. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Ready to connect with Shore? Warren has since returned repeatedly, in writing and in public hearings she promoted on Twitter, to the subject of Hagers bonus. Andrew Cuomos liability shield into law, nursing homes are one of the lobbying worlds quiet powerhouses. Indeed, one overlooked wrinkle in the saga of the New York governors baffling decision to pour gasoline on the nursing home tragedy by forcing homes to accept COVID patients in exchange for a wrongful-death lawsuit moratorium is the role that might have been played by a longtime nursing home lobbyist named Jeffrey A. Sachs, who ran Cuomos Medicaid modernization commission in 2011, aggressively promoted Landaus $72 million nursing home flip in 2015, and happens to be the governors lifelong best friend. The investment gives Pinta a 25% ownership stake with options to increase its share to 43% by April 15. Strategic Advisor. Our Georgia office just listed this Downtown Augusta luxury hotel for $10.2MM. Popular Searches. Across the river, Landau was making the same pitch to VillageCare, the AIDS charity that owned Rivington House, one of those New York prestige nonprofits that grosses hundreds of millions of dollars in annual revenue and drew most of its board members from Wall Street, real estate, and New York University. Pinta Capital Partners is a private equity investment firm that invests in health care and provides financial solutions. [xvii], Following Genesiss announcement, Sen. Elizabeth Warren wrote a letter to Genesis raising concern about the transaction and highlighting large payouts made to its now-departed CEO despite declining financial condition.[xviii]. In February 2015, the sale closed and Landau had a year to kill before he could officially flip the property without paying an extra $17 million in taxes. Most recently, the New Mexico Attorney General filed suit in January this year. Their properties have returned such gruesome resultspatients spending prolonged periods lying in feces have been a fixture of all threethat state health departments have been repeatedly forced to send emergency strike forces, often assisted by (as many as 40) National Guard troops, to assume temporary control. The Comptrollers Office pored over 80,000 documents and issued a 32-page report summarizing its findings. Founded in 2012, Pinta Capital Partners is a private equity firm based in New York, New York. Joel Landau, Bent Philipson and another partner paid $44 million to Sean Lavin's Galway Properties, LLC for the addiction treatment facility (I1) at 159-05 We commit capital across the lifecycle of companies from seed stage through buyout. This transaction will result in the reduction of $79 million in annual cash lease expenses. Pinta Partners, 755 LLC. Main Address: C/O PINTA CAPITAL PARTNERS, 485 MADISON AVE #202, NEW YORK, NY, 10022 Other Information Process: CITIPACE HOLDING COMPANY, LLC Address: C/O PINTA CAPITAL PARTNERS, 485 MADISON AVE #202, NEW YORK, NY, 10022 UST SELECT, INC. EEZEEBIZ GROUP INTERNATIONAL INC This is not the official website of this company. Welltower will also permit certain collateral to be released and utilized as collateral for new debt. We target innovative businesses across the healthcare spectrum that improve patients lives, deliver best in class care, and eliminate waste. Genesis HealthCare and its 350 facilities are now in the hands of a documented serial liar with a history of conning his way into nursing home takeovers, then evicting the patients and flipping the real estate to luxury condo developers. Pinta has appointed two new directors to the Genesis's board including David Harrington, a founding principal at Pinta. are conspicuously pious men who are implicitly trusted by large swaths of other pious people, and neither politicians nor nursing assistants are entirely comfortable calling into question the foundation of that trust because they know how easily it can be weaponized against them. Leaders. CABS filed suit against Landau, as did a former business partner, along with a long list of small $15.25-an-hour nursing contractors who had been stiffed by Landau over the past few years: He allegedly owed $15,956.39 plus two $35 bounced-check fees to Home Health Care Services of New York, $40,000 to Fadmo Health and Home Care Agency of Staten Island, $54,084 to 1st Choice Home Care of Brooklyn, $121,665 to Edison Home Health Care of Brooklyn, $54,246.72 to Regency Home Health Care, $64,840.97 to Signature Care LLC, and so on. Theyre closing the place! One of the last patients at Rivington House, a skeletal cancer patient with AIDS and pneumonia, was discharged to a fifth-floor walk-up in such a frail state he literally had to crawl up the stairs to reach it. Today, on the heels of a year in which the unbridled greed of nursing home owners conspired with a global pandemic to kill some 200,000 residents, a small clique of documented psychopaths is annexing hundreds and possibly thousands of distressed elder care facilities in convoluted transactions with no apparent resistance or even scrutiny. In addition, the Company will receive approximately $170 million in additional debt reductions from Welltower upon the satisfaction of certain conditions, including the transitioning of all 51 facilities. He is also Managing Partner. RESPONSIBILITIES. We could spend another few thousand words on Friedman, who also co-owns a company that applied for a license to produce medical marijuana and along with his father famously helped concoct a phony extortion case against a man who blew the whistle on his cousin Baruch Lebovits, a rabbi accused of molesting multiple underage boys. Like Landau, Sachs has shrewdly kept his name out of the papers since the Rivington House flip, but his consultancy the Sachs Policy Group has been lobbying up a storm, producing more than 100 regular COVID-19 policy newsletters for clients since the pandemic began. Klpsake nuppu Halda stteid lisateabe saamiseks ja oma valikute haldamiseks. Bergman was brought to trial, sentenced to (admittedly, just a year in) prison, and ultimately exiled to Israel. Our Story The equity firm has three key major goals: greater access for all patients, higher quality of life, and more cost-effective care. The saga captivated the tabloids and the real estate blogosphere, while The New York Times more detached dispatches emphasized the ineptitude of the de Blasio administration. Revenue. In light of the growing investor interest in health care and the risks associated with private equity ownership of health care companies, the Private Equity Stakeholder Project will be tracking private equity-backed health care acquisitions. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Managing Partner. Pinta Capital Partners. By October 2014, Landau had bought the building for $28 million, at which point he set about lobbying city officials to remove the deed restriction anyway, for flexibilitys sake. Genesiss private equity parent was called Formation Capital, and by the time the company went back into the public markets in 2014, it was paying more than $750 million a year on interest, rent, and transaction fees related to the constant cash-juggling involved in keeping the whole mess afloat, and was paying interest rates as high as 22.2 percent on some of its credit lines. All [v], Ethylene oxide has long been on the federal list of carcinogens, but in 2016 the EPA released conclusive evidence linking the gas to breast cancer, leukemia and lymphomas at extremely low levels of exposure, and reclassified it as a known carcinogen. While most academic studies of private equity in health care have shown only small cuts in the nursing payroll, those numbers tend to count hours worked by administrative staff located hundreds of miles away, as a recent New York Times database investigation showed. This firm seeks ventures that serve New York City's neediest populations, including the chronically ill, the elderly, and the disabled. Genesis will continue to operate the facilities until appropriate approvals from state regulators are completed. In 2013, he bid $20.6 million and won, on the strength of his managed-care organization, his promise to lure in new business from the surrounding Hasidic community, and most of all, the ardor with which he emphatically promised the owners that nothing about the operation would change. Pinta Partners. Sammy earned his bachelors degree from Brigham Young University. Email formats & phone numbers of Pinta Capital Partners 10-50 employees. Investment Agreement with ReGen HealthcareGenesis has also secured a $50 million debt investment from ReGen Healthcare, LLC. In August 2007, AIM was sold to WellPoint for $307 million. Harrington purports to go way back with Landau; the two apparently co-founded a private equity firm called Pinta Capital Partners in 2012, though no one bothered registering that company's domain name until 2017. rights reserved. Other creatures that never made it out of intensive care . Genesis stock has edged above the dollar mark only three times over the past year and never stayed there for more than a couple of days, while its occupancy, 88 percent before the pandemic, seemed permanently stuck at 75 percent afterward. Find More Contacts for Pinta Capital Partners, Edit Lists Featuring This Company Section, New York Companies With Fewer Than 50 Employees (Top 10K), Greater New York Area Companies With Fewer Than 50 Employees (Top 10K). (A phone call to Aurora was not returned; Pinta Capitals mailbox was full. David Harrington Managing Partner Joel Landau Managing Partner Juan Vallerino Strategic Advisor Team Varun Bajaj Chief of Staff James Costaras Director Sammy Forrest Director Daniel Gordon Director Gaurav Mehta Director James Kim Senior Associate Ben Sagalyn Senior Associate Lilibeth Bermudez Office Manager In 2017, a San Francisco rabbi also named Joel Landau realized the nursing home grifter Landau had been using his head shot and biography on op-eds in The Times of Israel and a Twitter page used to promote his Allure Group nursing home chain. Harrington is cofounder and managing partner of Pinta Capital Partners, a New York private equity firm that specializes in nursing homes and other health-care sectors. And then, quite suddenly around December, circumstances at Genesis changed quickly and dramatically in an unanticipated manner, according to a cryptic letter one of the companys lawyers wrote in response to an inquiry from Sen. Elizabeth Warren (D-MA), who wanted to know why she had read in The Washington Post that the company had decided to award Hager a $5.2 million bonus, only to fire him. Worse, she told me, the kitchen never had snacks, not even Saltines. Then as now, the nursing home Syndicate operates with an almost baffling sense of impunity. He founded and is the Chairman of The Allure Group, a Brooklyn-based chain of Advanced Recovery Centers that specializes in subacute rehabilitation, skilled nursing care, and long-term placement. Behind this ostensibly blue-chip collection of suits, a far more questionable clique of characters is linked to the lucrative back end of the transaction. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. No matter what, the deals outcome was likely to involve some variety of shitstorm, since Rivington House employed 231 unionized workers and the new mayor Bill de Blasio had built his campaign platform largely around halting the citys relentless luxury condofication; city officials held no fewer than 48 meetings on the fate of the building. Joel Landau, Bent Philipson and another partner paid $44 million to Sean Lavin's Galway Properties, LLC for the addiction treatment facility (I1) at 159-05 Nelson Rockefeller. Like so many of the helpless seniors condemned to ride out their days inside these hellholes, it seems we have lost the will to fight. Penta Capital invested in TalkTalk in March 2021 alongside Toscafund, the London-based multi-asset investment management firm, via a 1.1 billion public-to-private deal. Thank you! Our portfolio of companies | Waud Capital Partners Our portfolio of companies We build our portfolio carefully and deliberately, partnering with firms shaping the future of healthcare and building mission-critical software solutions. Private equity acquisitions are typically funded with borrowed money, creating debt that is subsequently transferred onto nursing homes' balance sheets. Klpsates nuppu Aktsepteeri kik, nustute, et Yahoo ja meie partnerid ttlevad teie isikuandmeid ning kasutavad isikuprastatud reklaamide ja sisu kuvamiseks, reklaamide ning sisu mtmiseks, sihtrhma levaateks ja tootearenduseks selliseid tehnoloogiaid nagu kpsised. Andrew Cuomos handling of nursing homes during the coronavirus outbreak, March 25, 2021, in New York. The biggest nursing home chain in America quietly changed hands earlier this month, in a little-noticed deal that underscores just about everything that is rotten about Americas elder care system. First, Genesis has agreed to terminate its master lease covering 51 facilities leased from affiliates of Welltower Inc. (Welltower) and transition operations to new operators. Contact and general information about Pinta Capital Partners company, headquarter location in New York, United States. The Syndicate drew some of its political clout from the fact that traditional nursing home care is financed almost entirely by Medicaid, which draws nearly half of its funding from states, making nursing homes something like the defense contractors of state governments. Tech-enabled pharmaceutical rebate management solution. Good article for C-store investors and operators. Previously, Sammy was the CFO of Mountain West Wendys, a multi-unit Wendys franchisee. de 2021 - dic. #plantersbankCRElending He is currently Executive Chairman of Waters Edge Dermatology, one of the largest dermatology practices in the country, and Executive Chairman of Sentry Data Systems, a provider of pharmacy technology solutions to hospitals. He has held executive positions at Aetna and Anthem. Academics at four universities recently calculated that private equity buyouts had caused roughly 21,000 excess deaths among nursing home patients between 2004 and 2016. Pinta Capital. The citys Department of Investigation, Comptrollers Office, and state attorney general launched investigations into Landau and halted the sale of CABS and a Harlem nursing home Landau was about to buy. And yet over the medium to long term, no regulatory agency or politician has even approached holding anyone accountable for any of the asset-stripping or cash-extracting that begat the staff-slashing and PPE-depriving that caused so much senseless and unnecessary death during the pandemic. Pinta Capital Partners harvests advances in medicine and technology and takes a holistic approach to healthcare delivery. The Company intends to file a Form 25 with the Securities and Exchange Commission (the SEC) on or about March 15, 2021 in order to delist from the New York Stock Exchange. The Open Database Of The Corporate World. Managing Partner David Harrington, alongside Joel Landau, founded Pinta Capital Partners in 2012 and is passionate about rethinking the delivery of healthcare to the chronically ill. David brings over 45 years of industry experience in critical areas of healthcare services management. Second, Genesis entered into a definitive agreement with ReGen Healthcare, LLC (ReGen Healthcare) for a capital infusion of $50 million. Sehen Sie sich das Profil von Vanessa Pinta im grten Business-Netzwerk der Welt an. The severity of the pandemic dramatically impacted patient admissions, revenues and costs, compounding the pressures of our long-term, lease-related debt obligations, said Chief Executive Officer Robert Fish. Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization. PINTA CAPITAL PARTNERS LLC Company Number 6835370 Incorporation Date 3 June 2022 (9 months ago) Company Type Domestic Limited Liability Company Jurisdiction Delaware (US) Registered Address. The charter, planning and strategy to achieve the . (In another little twist of 1970s dj vu, Lebovits retained Bernard Bergmans old defense attorney Alan Dershowitz to represent him.) CEO George Hager told analysts a restructuring was all but certain in August, and reiterated those sentiments throughout the fall. Am Hof 12-18, 50667 Cologne, North Rhine-Westphalia Germany +49 221 2613215 Website Menu. However, the Company can give no assurance that trading in its Common Stock will continue on the Pink Sheets or any other securities exchange or quotation medium. KENNETT SQUARE, Pa., March 03, 2021 (GLOBE NEWSWIRE) -- Genesis Healthcare, Inc. ("Genesis" or the "Company") (NYSE: GEN) announced today a three-part strategic restructuring plan to strengthen the. In recent years, the savviest nursing home operators have agreed to play along and attempt to fill more of their beds with Medicare patients, for whom they can bill the government at far higher ratesroughly $500 a night compared with $200 for Medicaid bedsalbeit only for short-term rehabilitative stays. Then Landau emerged, and with stunning alacrity won over all the relevant stakeholders with the same line that had wooed CABS: Nothing would change! Welltower will also receive equity in the Company, increasing its stake in Genesis on a fully-diluted basis from approximately 6% to up to approximately 15%. [vi] Beginning in October 2016, the Warburg Pincus and GTCR-led ownership group began taking debt-financed dividends from Sterigenics totaling approximately $1.17 billion. Since 2009, when Mr. Harrington established DASH Business Group, he has advised and developed many healthcare companies in the senior care space. Provide support in the development of the different operational activities in the accounts/companies of the organization's clients. In 2011, a medical-device distributor called Integra Partners sued Landau for allegedly pirating all of its proprietary legal documents and poaching its client list. One of these affiliates, Pinta Capital Partners, has invested widely in innovative services for the chronically ill and applied new practices in services to one of the neediest, frailest and most. As Politico pointed out last May as statehouses rushed to pass copycat versions of New York Gov. Nor has Genesis been known to have defaulted on any of its credit lines, even as occupancy had plunged by 15 percent. All that money has to come from somewhere, and the most obvious target is staffing and quality. Mr. Randazzo has served as a senior advisor to global private equity firm, Warburg Pincus, for over 20 years. Founded in 2012, Pinta Capital Partners is a private equity firm based in New York, New York. We are long-term investors who partner with founders and operators to create lasting value. David earned his MBA from Columbia University and earned his bachelors from Boston College. [ii] Multiple GTCR health care companies have made headlines for lawsuits alleging cancer-causing emissions, poor medical care, billing fraud, and other issues. On December 3, the city told Landau it would cost $16.15 million to remove the deed restriction; by December 5, an appraiser told Landau the building was probably worth $90 million. The company has lost at least 2,800 residents and workers to COVID, and the death toll nearly doubled between the end of May 2020 and the end of January 2021. We will continue to track acquisitions on a monthly basis. New York, New York, United States 11-50 Private Equity Firm www.pintacapitalpartners.com/ 33,523 Highlights Contacts 2 Similar Companies 13 Recent News & Activity There is no recent news or activity for this profile. [xvi] Pinta's investment in Genesis comes at a time when private equity ownership of nursing homes faces pronounced scrutiny. But maybe it wasnt so mysterious, because two months later Hager was also gone, bankruptcy was off the table, and both Genesis and Welltower were in talks with yet another private equity firm, this one controlled by Joel Landau. But $5.2 million is a rather pedestrian sum for a CEO severance package, and fixating on it distracted from the real mystery. Three other nursing home chainsJoshua Farkovits and Ephraim Mordy Lahaskys Long Islandbased Comprehensive Healthcare Management, Simcha Hymans Englewood Cliffsbased Portopiccolo Group, and Louis Schwartzs erstwhile Central New Jersey pizzeriabased Skyline Healthcarehave emerged from nowhere over the past six years to acquire hundreds of (often formerly private equityowned) nursing homes. Genesis Healthcare Inc., a major national nursing-home operator that has long struggled financially, announced last week that it will delist its shares from the New York Stock Exchange and receive Pinta Capital Partners is a premier healthcare private equity investment firm based in New York City that seeks to provide solutions that create lasting value. Pinta Capital Partners is a premier healthcare private equity investment firm based in New York City that seeks to provide solutions that create lasting value for our investors and the healthcare. In August 2007, AIM was sold to WellPoint for $307 million. March2021 Private Equity Health Care Acquisitions: [i]https://www.prnewswire.com/news-releases/gtcr-announces-healthcare-partnership-with-michael-mulhern-and-phil-macnabb-to-form-epselon-global-301240973.html, [ii]https://www.gtcr.com/investments/healthcare/, [iii]https://www.prnewswire.com/news-releases/gtcr-announces-healthcare-partnership-with-michael-mulhern-and-phil-macnabb-to-form-epselon-global-301240973.html, [iv]https://www.medtechdive.com/news/new-mexico-sues-sterigenics-over-ethylene-oxide-emissions/592953/, [v] Sterigenics International Announces Recapitalization With Warburg Pincus And GTCR, Press release by Sterigenics, March 2015. https://sterigenics.com/sterigenics-announces-recapitalization-with-warburg-pincus-gtcr/, [vi] United States Environmental Protection Agency, Ethylene oxide, accessed September 2020. https://cfpub.epa.gov/ncea/iris2/chemicalLanding.cfm?substance_nmbr=1025, [vii] For the complete calculation of dividends at Sterigenics, see our report: Dividend Recapitalizations in Health Care: How Private Equity Raids Critical Health Care Infrastructure for Short Term Profit., [viii] Jonathan Bilyk, EtO plaintiffs: Even before 1st lawsuit filed, Sterigenics moved to put $1.3B out of reach of personal injury lawsuits, Cook County Record, February 4, 2020. https://cookcountyrecord.com/stories/524626117-eto-plaintiffs-even-before-1st-lawsuit-filed-sterigenics-moved-to-put-1-3b-out-of-reach-of-personal-injury-lawsuits, [ix]https://investors.soterahealth.com/node/7231/html, [x]https://www.gtcr.com/investments/past-investments/#healthcare, [xi]https://www.yahoo.com/lifestyle/leading-profit-prison-immigration-detention-medical-company-sued-least-1395-times-100026407.html, [xii]https://www.reuters.com/article/us-gtcr-curohealth/gtcr-looking-to-sell-u-s-hospice-firm-curo-health-services-sources-idUSKBN0GC20420140812, [xiii]https://www.justice.gov/usao-ndtx/pr/hospice-companies-pay-122-million-settle-kickback-claims, [xiv]https://skillednursingnews.com/2021/03/nursing-home-giant-genesis-to-restructure-voluntarily-delist-from-nyse/, [xv]https://www.nytimes.com/live/2021/03/04/business/stock-market-today/a-struggling-nursing-home-giant-effectively-goes-private-after-a-cash-infusion, [xvi]https://skillednursingnews.com/2021/03/nursing-home-giant-genesis-to-restructure-voluntarily-delist-from-nyse/, [xvii]https://bfi.uchicago.edu/working-paper/does-private-equity-investment-in-healthcare-benefit-patients-evidence-from-nursing-homes/, [xviii]https://www.warren.senate.gov/imo/media/doc/2021.03.16%20Letter%20Response%20to%20Genesis%20Healthcare%20re%20Executive%20Pay%20and%20CARES%20Act%20Funding%20(2).pdf. [ix], GTCR also previously owned Correct Care Solutions (CCS), a health care company operating in prisons and detention centers. Epselon will focus on acquiring health care companies to build a market-leading healthcare business, though the specific subsector of health care has not been made public.[i]. Pinta Capital Partners Jun 2012 - Present10 years 9 months Greater New York City Area Pinta Capital Partners, co-founded by Joel Landau, is an equity firm that seeks to provide solutions that. This dynamic is particularly perverse in New York, where the cost of living is steep and just about anyone over 65 can qualify for a nursing home bed if they take in less than $875 or so a month. There is no recent news or activity for this profile. The Company anticipates that the last day of trading on New York Stock Exchange will be on or about March 25, 2021. From this perch, Landau has launched shell companies and middlemen across the health care space, from medical supplies to home health care to Medicaid managed services. And yet as Joel Landaus buyout of the sprawling Genesis HealthCare shows, the reach and ambitions of the new nursing home Syndicate are broader than ever. The firm prefers to invest in lower middle-market companies operating in the healthcare, medical devices, and medical transportation sector. $4.2 M. He has held executive positions at AETNA, UnitedHealthcare, Columbia/HCA and Physician Quality Care. Like any industry that relies almost wholly on government funding, the nursing home industry is extraordinarily powerful. The other aspect of the Syndicates political clout involved religion. Its functions are the following, however, they are not limited to: THE STORY OF JOEL LANDAU starts at 199 Lee Avenue in Brooklyns Williamsburg neighborhood, a nondescript brick building that is famously home to at least 1,300 LLCs, and where you send your rent checks if you live in a semi-dilapidated building owned by Hasidic Jews. David Harrington Managing Partner Joel Landau Managing Partner Juan Vallerino Strategic Advisor Team Varun Bajaj Chief of Staff James Costaras Director Sammy Forrest Director Daniel Gordon Director Gaurav Mehta Director James Kim Senior Associate Ben Sagalyn Senior Associate Lilibeth Bermudez Office Manager Essentially, the system rewards nursing home operators who treat the lives of the elderly as speculative securities to be traded and arbitraged; it even often rewards operators who neglect Medicaid patients so badly they require hospitalization, by sending the selfsame patients back to the scene of the crime for a far more lucrative rehab stay. 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Activity for this profile there is no recent news or activity for this profile little of... On Twitter, to the Genesis & # x27 ; s board David! Nursing homes during the coronavirus outbreak, March 25, 2021, in New York Stock Exchange will on., deliver best in class care, and the most obvious target is staffing and.. March 25, 2021 vu, Lebovits retained Bernard Bergmans old defense Alan. Calculated that private equity investment firm that invests in health care and provides financial solutions invest... 4.2 M. he has held executive positions at Aetna and Anthem all but certain in August 2007, AIM sold... Harrington, a founding principal at Pinta certain collateral to be released and utilized as collateral for debt. Healthcare spectrum that improve patients lives, deliver best in class care, and ultimately exiled to Israel as pointed! Track acquisitions on a monthly basis to Aurora was not returned ; Pinta Capitals pinta capital partners was full Pinta 25! 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