Latest news with #Parkview
Mint
04-07-2025
- Business
- Mint
Distressed Builder Parkview Weighs Selling Artwork to Repay Debt
(Bloomberg) -- Hong Kong builder Parkview Group is considering selling artwork worth over HK$200 million ($25.5 million) to pay down debt and help secure a refinancing deal linked to one of Beijing's most iconic complexes, according to people familiar with the matter. Parkview is mulling to sell over 300 artworks displayed at Parkview Green to repay a small part of a $940 million loan due in August, the people said, who asked not to be named discussing private matters. The valuation of the art is provided by the company to the banks. The cash-strapped developer has been in months-long talks with banks for the refinancing, which would extend the maturity by three years, the people said. Parkview is offering some other residential properties in Beijing as additional collateral, on top of Parkview Green, according to one of the people. Parkview didn't respond to requests for comment. Parkview's credit enhancement proposal comes as worries grow over the builder's ability to repay the facility. Rental income generated from the commercial complex — which includes office towers, a shopping mall, an art center and a boutique hotel — fell short of covering the loan's interest expenses, Bloomberg News reported. Parkview is also among the many smaller Hong Kong developers experiencing liquidity stress as banks tighten their screws by demanding stricter refinancing terms and higher credit enhancements amid a years-long slump in the city's real estate sector. Located in Beijing's central business district, Parkview Green houses art pieces from the likes of Salvador Dali and Chinese artists such as Chen Wenling and Wang Luyan, according to its website. Dali's renowned Dragon Swan Elephant sculpture, is among the artwork potentially up for sale, said one of the people. Separately, Parkview held discussions with international auction house Sotheby's for a loan backed by more than 200 artworks, but the talks hit a standstill, Bloomberg News reported. The company was also tapping private credit for at least HK$2.8 billion in funding, and then managed to secure HK$300 million from investment firm PAG earlier this year. --With assistance from Emma Dong. More stories like this are available on
Malaysian Reserve
30-06-2025
- Health
- Malaysian Reserve
Parkview Health named No. 1 nonprofit by Inspiring Workplaces Group
Health system No. 31 overall, with special designations for well-being, inclusion FORT WAYNE, Ind., June 30, 2025 /PRNewswire/ — Parkview Health was named the No. 1 nonprofit in North America and No. 31 overall on The Inspiring Workplaces Group's 2025 Top 100 list at its celebration banquet in Chicago on Tuesday. It's the second time Parkview has made Inspiring Workplaces' Top 100, after finishing No. 18 overall and as the No. 3 nonprofit in North America in 2024. 'Our more than 16,000 co-workers are the daily source of inspiration that makes Parkview's culture great,' said Dena Jacquay, chief administrative officer, Parkview Health. 'Our culture is driven by our people, not only by the positive attitude and compassionate care they provide at our facilities daily, but also through their ideas, suggestions and feedback. Our listening efforts have led directly to numerous new benefits and changes to the programs that serve and support our workforce.' 'At Parkview, we empower our co-workers to take an active role in their job and their workplace,' said Dr. Ray Dusman, president, physician and clinical enterprise, Parkview Health. 'They're the ones who know their roles best and can spot opportunities to make their jobs more efficient, safer and higher quality for the patients they serve. Quality, safety and excellent care are results of our culture that encourages co-workers to speak up and provides opportunity to grow.' Unlike other awards, which rely on completing a survey, entrants to the Inspiring Workplaces Awards were asked to provide proof of their investment in people by completing the entry form consisting of the six key elements – culture and purpose, leadership, well-being, inclusion, employee voice and employee experience – fundamental to creating a 'PeopleFirst' culture. Each of the six key elements was also judged separately for special recognition in each discipline. Organizations of all sizes and industries entered a category defined by how many people are within the business. The Top 100 winners were decided by an independent expert judging panel. Parkview's well-being programs received special recognition for the second consecutive year, while Parkview also received a special accolade for its inclusion efforts. Parkview's in-house MyWell-Being department is tasked with supporting both the physical and mental health of the system's more than 16,000 co-workers. The MyWell-Being team offers numerous programs including physical fitness challenges, intramural sports, and nutrition and weight loss programs to support physical health, while also offering perks including free subscriptions to the Calm mental health app, revitalization seminars to engage and inspire co-workers and the ever-popular Parkview Pups program, which brings certified therapy dogs into facilities to visit co-workers. Parkview's inclusion efforts have focused on ways to improve the experience for both co-workers and patients. Initiatives such as Co-worker Resource Groups for veterans, faith and belief, mental health and working moms give employees opportunities to meet and build relationships with their peers, while health equity initiatives for patients have included efforts such as enhancing translation services for patients or community wellness programs that support underserved populations. Parkview was joined on this year's Top 100 list by companies including fellow Fort Wayne-headquartered Sweetwater, as well as Siemens Energy, Union Pacific Railroad and SurveyMonkey. Parkview will automatically be considered for the Inspiring Workplaces global Top 100 list, where it was ranked No. 19 overall in 2024, releasing later this year. The award is the latest in a series of accolades Parkview has received recognizing its excellent workplace environment and culture. Parkview was named No. 7 on Newsweek's Most Loved Companies list in 2024; recognized as a Forbes Best-in-State employer for three consecutive years; and chosen among Becker's 150 Top Places to Work in Healthcare in 2024 and 2025. 'As Inspiring Workplaces marks its 10th anniversary, we're proud to recognize organizations that are setting the gold standard for PeopleFirst cultures,' said Matt Manners, founder, The Inspiring Workplaces Group. 'This isn't just a feel-good approach, it's a fundamental business strategy. With AI reshaping the way we work and live, companies that continue to prioritize profit over people may find themselves facing short-term wins but long-term setbacks. PeopleFirst isn't optional. It's essential.' Click here to view Parkview Health's Inspiring Workplaces profile. For a list of available positions at Parkview, visit
Business Times
25-06-2025
- Business
- Business Times
Hong Kong developer sought loans backed by Picasso, Warhol art
[HONG KONG] A Hong Kong property dynasty that became one of the city's most prolific collectors is discovering the limits of the burgeoning world of art-backed lending. The family behind Parkview Group, which narrowly avoided a default in March, sought a loan earlier this year from international auction house Sotheby's, sources familiar with the matter said. It was to be backed by more than 200 artworks, from the likes of Andy Warhol, Pablo Picasso, Salvador Dali and Chinese artists such as Yue Minjun, Qi Baishi and Zao Wou-ki, according to the sources. But the talks hit a standstill amid concerns including the logistics of getting the art into the auction house's warehouses, one of the sources said. Parkview did not respond to requests for comment after earlier saying that there had been initial discussions with Sotheby's some time ago, but no loan was ever agreed and there is no intention to complete any such borrowing. Sotheby's declined to comment. The attempt itself, though, is a window onto the burgeoning world of art lending, where pieces are used to secure loans, often allowing affluent owners to tap their collections for cash without having to part with prized possessions. It also underscores the challenges at Parkview, whose finances have been strained by the prolonged slump in Hong Kong's property market and reluctance among banks to lend. Alexander Wong, director of Hong Kong Parkview Group, through his representatives, held talks with Sotheby's earlier in the year, the sources said. The collection included Picasso's Femme Tenant Un Chat Dans Ses Bras, several of Warhol's Marilyn Monroe series, Dali's Dragon Swan Elephant sculpture and Vincent Van Gogh's Girl in the Woods, among other pieces, according to documents seen by Bloomberg News. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Some of the proposed artwork in the list have been displayed in a clubhouse at Parkview's residential development in Hong Kong and its Parkview Green mall in Beijing. Parkview has been looking for new sources of funding. The company got a HK$300 million (S$49 million) loan from investment firm PAG, Bloomberg News reported last month. It has also been in talks with private credit lenders since late last year for financing of at least HK$2.8 billion, using two residential towers as collateral. While Parkview is based in Hong Kong, it also has properties in mainland China, Japan and Singapore and other places, according to its website. It's currently in talks with banks to refinance a US$940 million loan maturing in August, backed by its Beijing mall complex, Bloomberg has reported. That's after it avoided a technical default on the facility in March. Sotheby's extended its art financing services to Hong Kong late last year, joining HSBC Holdings and Citigroup's private banking arm as lenders that provide loans backed by alternative assets. Such facilities are generally secured by art and collectibles and are usually in the form of term loans or short-term advances backed by consignments with the firm. Globally, Sotheby's financial services arm has doubled its loan volume to more than US$1.6 billion since 2021, the auction house said in December. It also raised US$700 million through its first art-backed debt security last year, repackaging personal loans given to art collectors. BLOOMBERG
Malaysian Reserve
10-06-2025
- Health
- Malaysian Reserve
Parkview Health patients share heartwarming "thank you" with caregivers in new brand campaign
Patients and their families surprise doctors to express gratitude for life-saving care FORT WAYNE, Ind., June 10, 2025 /PRNewswire/ — Parkview Health today launched its most personal campaign to date: a multi-platform initiative that shares authentic care stories through the lens of Parkview patients. Through a series of heartfelt commercials that will be shared through television, radio, streaming and digital platforms, and more, the campaign aims to showcase the local impact of Parkview's high-quality – and oftentimes life-changing – care. 'This campaign is about trust, connection and elevating the voices of our patients,' said Dena Jacquay, chief administrative officer, Parkview Health. 'As always, the stories we're sharing are genuine, just real people sharing deeply personal moments from their care journey. Their voices capture what healthcare is truly about.' All participants volunteered to share their personal stories of strength and resilience, not only to inspire others in the community, but also to express heartfelt gratitude to their care teams. Each segment shows the emotional moment when a patient or their family member reunites with their provider for the first time since leaving the hospital. As they read letters they've written to their doctors, viewers witness the raw, emotional reactions of caregivers as they hear how much their work meant. Dr. Shamir Haji, Neurocritical Care, Parkview Neurosciences, shared his thoughts on the experience: 'As a neurointensivist, I often meet patients and families at some of the most critical, uncertain moments of their lives. Every decision we make is about giving patients the best possible chance, but rarely do we get to see what comes months after. Hearing a patient or family member read a letter of thanks and realizing the role our team played in their recovery was incredibly humbling. It's a reminder that what we do matters far beyond the ICU.' The campaign stems from Parkview's ongoing commitment to patient-centered care – a focus that earned the health system the 2024 NRC Health Excellence in Patient Experience Award. Insights from hundreds of thousands of patient surveys helped shape the campaign's concept and storytelling approach. 'This series is part of a broader effort to strengthen the connection between Parkview and the families who rely on its care,' Jacquay added, 'especially at a time when trust in healthcare institutions is more important than ever.' In conjunction with patient stories, additional features provide a glimpse into a typical day in the world of Parkview, from co-workers' routines to several patient-provider interactions. 'Over the past few weeks, we shared early previews of the campaign with service line leaders across Parkview,' said Sangeetha Ragavan, vice president of marketing at Parkview. 'Their reactions (including emotional tears) reminded us why this campaign matters. It's not just for the public; it's for every Parkview co-worker. We want our teams to feel proud of the high-quality care and stellar patient experience they provide, and see the difference they make every day.' To hear the patient stories, or submit your own, visit Media contact:Kaitlyn HughesMedia Relations Manager, Parkview | Cell: 574-780-8425 NOTE TO MEDIA: Patient stories will roll out in the coming weeks, further highlighting the impact of Parkview's mission through unscripted, patient-led storytelling. If your outlet is interested in interviewing Parkview providers or patients about their experience, please contact Kaitlyn Hughes. Production stills from campaign videos are attached. Additional photos and video footage are also available upon request.
Yahoo
09-06-2025
- Business
- Yahoo
Parkview Health named to Newsweek's Greatest Workplaces in Health Care list
FORT WAYNE, Ind., June 9, 2025 /PRNewswire/ -- Parkview Health has been recognized among Newsweek's Greatest Workplaces in Healthcare in a new listing released today. Parkview was selected as one of 400 healthcare companies that appeared on the 2025 list and was among only six Indiana companies recognized by Newsweek. Newsweek's ranking was determined via a partnership with Plant-A Insights Group and other third-party vendors to create a comprehensive assessment involving employee interviews, company reviews, publicly accessible data and an analysis of over 120 key performance indicators. "Our co-workers are the ones who make Parkview a great place to work," said Dena Jacquay, chief administrative officer. "It's their ideas, their feedback and their energy that fuels the amazing culture we've built in northeast Indiana and northwest Ohio. We're constantly listening to what our co-workers want and need in both their workplace and their personal lives and we continually strive to incorporate changes and new benefits to deliver it." Parkview offers several innovative benefits to its co-workers, which have been driven by feedback gathered during listening tours and internal surveys. Most recently, Parkview partnered with DailyPay to provide flexible pay options, allowing co-workers to access funds from their paycheck before the typical two-week pay day. Parkview has also offered its unique lifestyle benefit program, providing co-workers a quarterly stipend to use on personal expenses of their choosing, since 2023. Other benefits, including a paid volunteer time off program, an award-winning well-being department tasked with promoting good physical and mental health, visits from Parkview Pups therapy dogs and more have helped make Parkview a top workplace in the region, state and country. Parkview was previously recognized as Newsweek's No. 7 Most Loved Workplace in 2024, was selected as the No. 18 in North America and No. 19 global best workplace by Inspiring Workplaces in 2024 and was chosen as a Forbes Best-in-State Employer for three consecutive years. "A positive, supportive workplace culture is instrumental in creating an excellent care environment," said Dr. Ray Dusman, president of physician and clinical enterprise, Parkview Health. "When our co-workers are cared for and inspired, they can focus their full energy and attention on their patients and provide the best care and best experience." To view Newsweek's full list of Greatest Workplaces in Health Care, visit here. A full list of available jobs at Parkview can be found online at View original content to download multimedia: SOURCE Parkview Health 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
