MVP Health Care,MVP Health Care and Vermont Managed Care have entered into an innovative partnership to provide Vermont residents with “Vermont First,” a unique approach to deliver high quality care through a Vermont focused network of providers.Under the partnership, Vermont Managed Care (VMC) and its network of high-quality health care providers have more control, share more data and partner with a prominent regional insurer, MVP Health Care.”Vermont First represents the future of health care through an innovative partnership that aligns the interests of MVP Health Care with providers for the benefit of Vermont’s consumers,” said David Henderson, Executive Vice President and Chief Marketing Officer of MVP Health Care. “Only through such ‘win-win’ relationships will we rise to the challenge of true health care reform that lowers cost and enhances quality.””By combining MVP’s emphasis on wellness and our focus on high quality care, we have put together a program which will offer our patients the best of all worlds,” said Todd Moore, president, Vermont Managed Care. “Most importantly, our patients will get great care at great prices in Vermont.”Bill Little, MVP’s Vermont Vice President, added that his company worked closely with Vermont Managed Care to develop the range of choices, which include four distinct plans that include an HMO-style plan, two high deductible options and a hybrid choice.”To offer Vermont residents and employers competitive pricing, we developed a partnership that includes robust care coordination by VMC with an eye toward leveraging local health care resources which in turn helps control costs,” Little said.Moore, of Vermont Managed Care, added: “The most important attributes of Vermont First are simply that members will get access to care supported by a network of providers willing to be more accountable and coordinated in service to plan members throughout the state at a competitive price. It’s really the best of all worlds.”About MVP Health CareFounded in 1983, MVP Health Care is a community-focused, not-for-profit health insurer serving members in the states of New York, Vermont and New Hampshire. Through its operating subsidiaries, MVP Health Care provides fully insured and self-funded employer health benefits plans, dental insurance, and ancillary products, such as flexible-spending accounts, to more than 700,000 subscribers. For more information, visit: www.mvphealthcare.com(link is external).About Vermont Managed CareVermont Managed Care (VMC) was founded in 1991 as a Physician Hospital Organization. A wholly owned subsidiary of Fletcher Allen, it currently coordinates the delivery of health care services for a population served by a network of more than over 2,700 primary and specialty care providers and 10 hospitals in Vermont and New Hampshire. The VMC Network conducts its own care management, enabling the physician-run network to make day-to-day health care decisions for its patients, rather than a distant third party claims manager. BURLINGTON, VT–(Marketwire – November 22, 2011) –
The Royal County of Berkshire Pension Fund is to take a 20% stake in specialist asset manager Gresham House, backing a new alternative investment platform for other local government pension schemes.The Berkshire fund will provide the cornerstone investment for a new £300m (€353m) fund Gresham House plans to launch on the platform, called the British Strategic Investment Fund (BSIF).The BSIF is targeting investment in housing, infrastructure and “innovation” – three themes identified by the UK’s chancellor Philip Hammond in his 2016 Autumn Statement as being of strategic importance to the UK, said Gresham House.John Lenton, chairman of Berkshire Pension Fund, said the platform would enable the pension fund “to reduce costs and obtain diversity in our investments”. He added that the pension fund will target niche areas and smaller and longer-term investments than those that interest “the major investment houses”.“These give us the potential of a higher long-term return which is so important to a pension fund like ours that has to plan for pensions that will be drawn down many years in the future,” Lenton said.The new investment platform is intended to provide investors with access to illiquid alternative investments in niche asset classes that are often “overlooked” and difficult to access by larger funds, according to Gresham House.“For example, it becomes uneconomical for £25 billion pension ‘super-pools’ to monitor and manage sub-£50 million investments,” said the asset manager.The platform is aimed at local government pension schemes (LGPS) like Berkshire, but is also open to private sector pension funds, endowments, family offices, and other investors.“Initial discussions with a limited number of LGPS have confirmed interest in the objectives of the new Gresham House platform,” said the asset manager.UK LGPS are pooling assets to create larger funds capable of benefitting from economies of scale and, as desired by the government, investing in infrastructure.The Gresham platform is intended to allow investors to be involved in the investment process or engage directly with the manager, and to grant discretionary co-investment rights to “top-up” investments in preferred sectors or areas on a deal-by-deal basis.Berkshire’s acquisition of the 20% stake in Gresham House is subject to a vote at a general meeting on 10 March.Its move to enter into a strategic relationship with Gresham comes after the pension fund late last year announced a £15m investment in commercialisation of UK university research as part of an overhaul of its private equity portfolio.Tony Dalwood, CEO of Gresham House, said that the announcement “represents a further significant step in delivering the growth strategy that we set out when repositioning the group two years ago”.The asset manager’s board has identified alternative asset management as “a structural growth area”, it said in a statement.
Tyson Fury is in line for an unforgettable destruction at the hands of Wladimir Klitschko, according to a report in Sunday’s papers.The Sunday Times spoke to several boxers who have dared to step foot in the ring with the world heavyweight champion, the journalist who wrote the piece coming to the question that Fury “will, for all his size and bluster, most likely be felled like some gigantic pine tree.”Sparring partner Adrian Granat, an unbeaten Swede who at 6’8” is just an inch shorter than Fury and two inches taller than Klitschko, put it this way: “Three rounds with Klitschko is like eight or nine with anyone else… If you don’t concentrate every second, you’re going to get punished.”Another, 6’8” Richard Towers from Sheffield, expanded on that: “We earn seriously good money,” he said. “But we earn it. Wladimir likes to land shots and he takes no prisoners.”I came here three years ago and he dropped me. I felt like I had never been in a ring before. “Now I’m better but I have to be very careful. When he throws a punch, nine out of 10 times it lands, and he’s always in position to throw shots.”He may be 39 now, but there’s no deterioration at all, believe me.” Fury takes on Klitschko next Saturday for the first time, but they almost faced off once before: the Anglo-Irish boxer himself was once called up to Klitschko’s training camp as a potential partner, but never got a chance to step in the ring.”According to Fury, that was because Klitschko was scared,” writes the Sunday Times’s Nick Pitt. “According to Klitschko, it was because Fury was so obviously raw that Klitschko’s trainer at the time, the late Emanuel Steward, decided he was not up to the task and should be spared a bad beating.”Towers added that he has huge regard for Fury, having sparred with him as well – but he still only sees one possible outcome for the bout. “Tyson is one of the best fighters I’ve shared a ring with,” Towers said. “He will be coming to fight and he’s very game. I wish him all the best, but there’s a huge difference in level. Wladimir is the complete professional and a very consistent performer… “Tyson will either be knocked out or beaten over 12 rounds.”– Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySports