Latest news with #OMH
CBS News
19 hours ago
- Health
- CBS News
Nurses call for better staff protections at New York state-run psychiatric centers
Staff at New York state-run psychiatric hospitals are hired to help people in need of mental health care, but what if that job is putting their own health at risk? CBS News New York investigator Mahsa Saeidi exposed violent incidents at these hospitals and found out what's being done to protect both patients and staff. The Office of Mental Health oversees New York's 24 psychiatric centers, of which four are so-called forensic facilities for individuals in custody. An OMH spokesman said in a statement: "OMH has a zero-tolerance policy toward violence in our programs and we take very seriously any assault on our staff or patients. We are constantly evaluating our workplace policies and practices, utilizing the best available approaches to improve safety at our facilities and protect our workers from harm –something that is reflected in the small number of assaults on staff at facilities that collectively serve upward of 5,000 patients annually." Since 2020, the state's recorded 57 assaults, or roughly 10 a year. But the head of the nurses union, Wayne Spence, says it's much more common. Relying on data from a state system used to log potential workers comp claims, he estimates there are two assaults per week across the state, on average. Last year, hundreds reported "workplace violence," which includes assaults, threats and aggressive behavior. Registered nurse Peter Shiffman worked at a state-run psychiatric center on Staten Island from 1999 until last September, when he was punched by a patient. "And the morning of this attack on my husband, my husband spent 30 minutes talking him down and they gave him an injection," wife Erin Shiffman said. "He came out of his room and sucker-punched my husband in the side of the face." She continued, "From what I was told, my husband clenched [both of his fists] like this and went straight back and cracked his head." His injuries were so severe, he had to be placed in a medically induced coma. "He almost died," Erin Shiffman said. The patient was arrested for felony assault. State records show he had a prior conviction for attempted sexual abuse. Because of that, Erin Shiffman says he was high-risk and should have been placed in a "secure care unit" for violent individuals, not a standard, in-patient facility. "I blame the state because that patient should have never been there," Erin Shiffman said. "You can't let criminals into a hospital with people in the general population." Peter Shiffman is now living with a traumatic brain injury, which makes it tough to even walk. "I remember nothing from my assault or ever meeting the person who supposedly hit me," he said. "The ICU staff held it as a miracle." He says that patient ended his career. "The pain now is something I have never imagined in my life," Peter Shiffman said. "For me, I work just to get through each day. It is hard. It's startlingly difficult." Nurse practitioner Carl Ankrah was slashed in the face without warning at a different state-run psychiatric center in 2019. The patient, who was later arrested and convicted, allegedly smuggled a razor and turned it into a weapon. "He went right there from the corner of my eye all the way through my left [ear]," Ankrah said. "If he had gone a little bit deeper, I would not be here today." In the wake of the attack on Peter Shiffman, OMH made major policy changes at the Staten Island psychiatric center. "Since the South Beach incident, we retrained staff on risk assessment, have ran monthly drills to ensure their readiness, established a critical response unit, and tightened our partnership with local law enforcement, among other safety enhancements," an OMH spokesperson said in a statement. The state is also considering a secure care unit there for violent individuals who are not in custody. The Shiffman family wants the policies to be implemented statewide. "Do you know that when that patient that assaulted my husband was taken off the unit, the patients clapped for him to be gone because they were petrified for their lives? They were cowering in their rooms, afraid. They clapped," Erin Shiffman said. Spence is calling for better intake screenings. "The gentleman who assaulted Peter Shiffman ... He fought with the parole officers. He was violent with them," he said. "But no one looked at his background." He also wants immediate removal of violent patients and additional forensic-like secure care units. "Every mental health facility used to have a forensic unit," he said. "The model that we're asking them for used to exist."
Borneo Post
19-06-2025
- Business
- Borneo Post
OM Holdings secures spot on Fortune Southeast Asia 500 list for second year
The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge. KUALA LUMPUR (June 19): OM Holdings Limited (OMH), an international manganese and silicon smelting group, has once again made it onto the Fortune Southeast Asia 500 list, ranking 378th this year. This marks the second consecutive year the company has been included in the prestigious list, which recognises the top-performing companies in the region based on annual revenue. 'The company's continued inclusion on the Fortune Southeast Asia 500 list is a strong validation of its scale, resilience and sustained operating and financial performance, amid a period of elevated market volatility since 2024,' it said in a statement on Tuesday. OMH executive chairman and CEO Low Ngee Tong said the recognition affirms the consistency of the company's strategy and operational discipline, particularly during a year where the ferroalloy markets experienced significant pricing swings and cost pressures. 'In 2024, we operated in an environment marked by sharp manganese alloy price movements, regulatory shifts in China impacting ferrosilicon trade, and broader macroeconomic headwinds. Through it all, our team remained focused on cost control, procurement discipline, and production optimisation. 'These efforts enabled us to deliver record production volumes, remain profitable, and continue creating long-term shareholder value,' he said. For the financial year ended Dec 31, 2024, the group recorded revenue of US$654.3 million, an increase of 11 per cent from the previous year. It sold over 500,000 tonnes of ferrosilicon and silicomanganese. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at US$76.0 million, with net profit after tax at US$9.7 million. OMH also declared a final dividend of A$0.004 per share. The company's flagship smelting facility in Sarawak remains one of the largest and most cost-efficient in the region outside China, supporting its competitive edge. OMH also maintains a trading and marketing presence in Singapore, Japan, and China, and owns a manganese asset in Australia targeted for ultra-fines processing. The Fortune Southeast Asia 500 list, launched in June 2024, highlights the region's top companies based on revenue. corporate news Fortune Southeast Asia 500 OM Holdings Limited
Yahoo
12-06-2025
- Business
- Yahoo
KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2025-1
NEW YORK, June 12, 2025--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Financial Issuance Trust 2025-1 ("OMFIT 2025-1"), a consumer loan ABS transaction. OMFIT 2025-1 will issue four classes of notes totaling $600.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 35.25% for the Class A notes to 11.45% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account and excess spread. This transaction represents the first consumer loan ABS securitization issued by OneMain Finance Corporation ("OneMain" or "OMFC", or the "Company"), a wholly-owned subsidiary of OneMain Holdings, Inc. ("OMH"), in 2025 and the 31st consumer loan transaction issued by OneMain or its subsidiaries since 2013. Since that time, OneMain and its subsidiaries have also issued 39 auto loan term securitizations. OMFIT 2025-1 includes a three year revolving period during which collections may be used to purchase new collateral so long as it meets the eligibility criteria and reinvestment criteria. OneMain Holdings, Inc. ("OMH") is a consumer finance company which offers loan products through a nationwide network of branches and through its online platform. OMH completed its acquisition of OneMain Financial Holdings, LLC on November 15, 2015 from CitiFinancial Credit Company for $4.49 billion in cash. OMH is now listed on the NYSE under the ticker symbol "OMF". KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the transaction's underlying collateral pool and the capital structure using stressed cash flow assumptions. KBRA considered its operational review of OneMain, as well as periodic update calls with the Company. Operative agreements and legal opinions will be reviewed prior to closing. To access ratings and relevant documents, click here. Click here to view the report. Methodologies ABS: Consumer Loan ABS Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology DisclosuresFurther information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www. About KBRAKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009903 View source version on Contacts Analytical Contacts Jacob Paulose, Associate Director (Lead Analyst) +1 646-731-1269 Melvin Zhou, Managing Director (Rating Committee Chair)+1 646-731-2412 Business Development Contacts Arielle Smelkinson, Senior Director+1 646-731-2369 Hollie Reddington, Senior Director+1 646-731-3375 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
Business Wire
12-06-2025
- Business
- Business Wire
KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2025-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Financial Issuance Trust 2025-1 ('OMFIT 2025-1'), a consumer loan ABS transaction. OMFIT 2025-1 will issue four classes of notes totaling $600.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 35.25% for the Class A notes to 11.45% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account and excess spread. This transaction represents the first consumer loan ABS securitization issued by OneMain Finance Corporation ('OneMain' or 'OMFC', or the 'Company'), a wholly-owned subsidiary of OneMain Holdings, Inc. ('OMH'), in 2025 and the 31st consumer loan transaction issued by OneMain or its subsidiaries since 2013. Since that time, OneMain and its subsidiaries have also issued 39 auto loan term securitizations. OMFIT 2025-1 includes a three year revolving period during which collections may be used to purchase new collateral so long as it meets the eligibility criteria and reinvestment criteria. OneMain Holdings, Inc. ('OMH') is a consumer finance company which offers loan products through a nationwide network of branches and through its online platform. OMH completed its acquisition of OneMain Financial Holdings, LLC on November 15, 2015 from CitiFinancial Credit Company for $4.49 billion in cash. OMH is now listed on the NYSE under the ticker symbol 'OMF'. KBRA applied its Consumer Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the transaction's underlying collateral pool and the capital structure using stressed cash flow assumptions. KBRA considered its operational review of OneMain, as well as periodic update calls with the Company. Operative agreements and legal opinions will be reviewed prior to closing. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www. About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009903
The Star
14-05-2025
- Business
- The Star
Trading ideas: Nestcon, DNeX, Uzma, Peterlabs, DKSH, OMH, Keyfield
KUALA LUMPUR: Stocks to watch today include Nestcon Bhd , Dagang Nexchange Bhd (DNeX), Uzma Bhd , Peterlabs Holdings Bhd , DKSH Holdings (M) Bhd , OM Holdings Ltd (OMH) and Keyfield International Bhd. Nestcon's Nestcon Borneo Sdn Bhd (NBSB), has received a RM44.12mil contract from Matrix Excelcon Sdn Bhd for site clearing and earthworks in Labu, Negri Sembilan. DNeX, via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8mil to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye. Uzma's wholly owned subsidiary, Uzma Engineering Sdn Bhd, has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of electric wireline cased-hole services. Peterlabs has suspended its executive director, Datuk Loh Saw Foong from his duties, executive functions and roles with immediate effect for two weeks, pending the outcome of an internal investigation. In the 1Q25 ended March 31, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains. Its revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24. OMH's subsidiary, OMH (Mauritius) Corp, has signed a conditional agreement with Exxaro Resources Ltd to sell its 26% stake in Ntsimbintle Mining for approximately US$101.4mil. Keyfield has secured a work order from PETRONAS Carigali Sdn Bhd to provide an accommodation work boat for offshore operations, as part of a panel contractor contract for offshore support vessel services.
