Browse Month by May 2018
Health Care Services

Rick Shinto and Penelope Kokkinides revolutionize Innovacare Health.

When Innovacare Health is mentioned, all about health care lingers in the minds of people. This privately owned healthcare was founded by Richard Shinto, who would later become its president and the C.E.O. This idea was born in 1998 when Richard Shinto joined North American Medical Management (NAMM) in California. As he was going on with his daily activities, he realized that the operational expertise of physician groups and payers was overlooked in a highly evolving world of medicine. This need was met during this period that he joined NAMM as he was privileged to work with it to enable healthcare organizations to improve their effectiveness by providing quality healthcare services.

 

Later in 2003, NAMM partnered with Daniel E. Straus who was a healthcare entrepreneur and passionate about philanthropy. This partnership enabled Daniel to earn himself a rank of chairing the board. The company’s growth was tremendous expanding its activities all over the United States to a point where it even acquired MMM healthcare in Puerto Rico. This growth led to the sale of some selected properties belonging to NAMM and Innovacare Health would be born. Rick Shinto had also worked at Aveta as the CEO, and here he was also among the management team. Another major focus in the management of Innovacare Health is Penelope Kokkinides. She is the acting chief administrative officer of the company since rejoining in June 2015. Before this, Penelope served as the Chief Operating officer at Innovacare, Inc. in addition to being the Vice president of Clinical Operations.

 

Before she went back to work at Innovacare, Penelope was serving Centerlight Healthcare as the executive vice president and the chief operating officer being in charge of the management. She had also worked for other healthcare givers such as Touchstone health and Americhoice. Ideamensch was privileged to conduct an in-depth interview to enable people to comprehend the professional and private life of Penelope. During the interview, she mentioned that her life involves traveling and her life during work is made easier because she can monitor operations at Innovacare using her phone. Penelope was glad to acknowledge that it’s not as easy as most people would think and that she also faces challenges. Penelope also gave priceless advice to aspiring entrepreneurs that before one decides to invest, it is key for them to do extensive market research for a better understanding of the market trends.

 

Investment Guru, Investments

Wesley Edens Leads the Team at Fortress Investment Group

Wesley R. Edens is a co-founder of the New York City based Fortress Investment Group. His company is one of the largest asset management companies, managing investment assets in excess of $70 billion. He and his fellow co-founders Robert Kaufman and Randal Nardone started the company in 1998. Today, the staff of the company exceeds 2,600 employees. Wesley Edens is also the head of Nationstar Mortgage.Wes Edens was born in 1961. He attended the University of Oregon, where he studied Finance and Business Administration. He spent several years working at Lehman Brothers, where he served as a Partner and Managing Director. After that, he moved to BlackRock Asset Investors.

Wes was now experienced and highly successful, and he was determined to go into his own business, and work for himself. His decision to do so has made him a billionaire. He is number 369 on the Forbes billionaire list of 400, a rank which he achieved in 2007, while he was still in his mid 40s. Meanwhile, the company was well on its way to becoming one of the leaders in asset management companies. Under Wes Edens creative leadership style, the Fortress Investment Group went public in 2007. Amongst the most noteworthy of shareholders was the Nomura Holdings company. The Japanese holding company purchased 15% of the company for the amount of $888 million.

A share of approximately 8% was sold to the general public for $600 million. It was an extremely successful IPO for Fortress Investment Group and its entire executive committee. The stock of the company trades on the NYSE. Wes Edens is a big sports fan. He is a co-owner of an NBA team and an owner of a League of Legends team. He co-owns the Milwaukee Bucks, In 2017, the company originated an esports team, the FlyQuests, which competes in the League of Legends. The company purchased Springleaf Financial Services, an AIG company. Within a short time,the amount of the gains of Springleaf was well in excess of 27 times above its purchase price.

Investment Guru, Investments

Peter Briger Working for the Growth of Fortress Investment Group

Mastering the world of finance is not an easy task, and while there are many financial and investment experts in the market, no one can predict the exact market movement ever. However, making financial predictions that are close to reality and the future is seen commonly, and the experts can come close to what actually happens in the financial markets. It helps in saving from unprecedented losses in the financial markets and make considerable returns from the investments. The equity markets have always been very volatile, but also assure generous returns, and thus, have been the choice of investment tools for many companies as well as individuals. Making investments in the financial markets can be tricky and if not researched well, can lead to unexpected losses. However, with the help of an investment management firm, one can avoid losses while enhancing profits.

Fortress Investment Group is a premier investment management firm based in the United States with its headquarters in New York. The company has for long been one of the go-to firms for any kinds of investment management services, including real estate investments, institutional services, alternative assets management, investment management, credit funds, hedge funds, and more. The performance of the company in the last few years has been impeccable for which it has won many awards as well over the years. The fact that Fortress Investment Management has continued to provide shelter from losses to its clients even during sluggish financial markets has been able to win the trust of many financial analysts in the market.

The global acceptance of Fortress Investment Group as a reliable investment management firm has been increasing in the past few years, and its current assets under management has crossed the levels of $70 billion easily.The main reason why Fortress Investment Group has been successful is that of the people working on it. Peter Briger, the president of the company, joined the company in 2002, and since then he has worked hard to bring new opportunities to the company and help it increase its profits. Peter Briger is on the Forbes list of billionaires and is also one of the top professionals in the country. Peter Briger also does a lot of philanthropic work and is associated with many non-profit organizations. He also supports the youth who has talents. For that purpose, he contributes to the Princeton University’s Alumni Entrepreneurs Fund that supports start-up ideas of its students.