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New Aquila DSP Delivers Cost, Power, and Scalability for 2 km to 20 km Connectivity, Extending Marvell Optical Interconnect Leadership SANTA CLARA, Calif. , Dec. 10, 2024 /PRNewswire/ -- Marvell Technology, Inc . (NASDAQ: MRVL ), a leader in data infrastructure semiconductor solutions, today announced Marvell® Aquila , the industry's first coherent-lite DSP optimized for 1.6 Tbps coherent optical transceiver modules operating at O-band wavelengths. By combining advanced coherent modulation with scalable O-band optics, the Aquila DSP delivers a power and performance-optimized solution tailored for the emerging market for distributed campus data center interconnects spanning up to 20 km with high bandwidth and low latency. The industry is shifting from large-scale facilities to campus-based data centers due to power and space constraints. While PAM4 interconnects remain the standard for inside data center connections and coherent data center interconnect (DCI) interconnects address regional data center connectivity, both areas where Marvell is the industry leader, campus-based data centers require optimized interconnects spanning 2-20 km, driving the need for coherent-lite technology. Marvell, leveraging its unique expertise in both PAM4 and coherent DSPs, is leading this market transformation. Traditional coherent DSPs are optimized for C-band tunable optics, which lack the scalability needed for high-volume data center deployment. The new Aquila coherent-lite DSP introduces an innovative O-band coherent architecture that delivers cost efficiency, power savings, and scalability, enabling the next generation of campus-based data center connectivity. "Interconnect bandwidth, data center traffic, and data center capacity needs are all growing at accelerated rates because of AI, and operators are limited by the available power delivery in a single building," said Xi Wang , vice president of product marketing for Optical Connectivity at Marvell. "Aquila offers data center operators a new, groundbreaking avenue for optimizing their infrastructure for sustainability and developing campus facilities that can scale with their customers' demands for cloud and AI services." "The transition to distributed data centers is creating a growing demand for innovative solutions to address campus connectivity challenges," said Osa Mok , chief marketing officer at TeraHop Ltd. (previously known as InnoLight Technology). "Marvell's Aquila represents a significant step forward, bringing coherent technologies to this evolving market. By combining the advancements from Aquila with TeraHop's expertise in coherent modules and scalable optical solutions, we are establishing a new standard for performance and efficiency in campus networks." "Shipments of coherent-lite solutions are expected to grow from sample volumes this year to over 1 million units per year by 2029," said Vlad Kozlov , founder and CEO of LightCounting. "Coherent-lite technology like Aquila from Marvell expands the options available to hyperscalers, providing a more energy-efficient solution to an emerging and critical use case." Aquila is one of the latest members of the Marvell interconnect portfolio, optimized for specific use cases to help data centers maximize the utilization and performance of their infrastructure while reducing overall cost and power per bit. The extensive 1.6 Tbps portfolio also includes the Marvell LPO TIA and driver chipset; Ara , the industry's first 3nm PAM4 interconnect platform; Nova family of PAM4 DSPs featuring 200 Gbps electrical and optical interfaces; and Alaska® A PAM4 DSP for active electrical cables. Aquila Coherent-lite DSP Attributes Optimized for mid-distance performance: Aquila delivers an ideal, energy-optimized solution for up to 20 km data center interconnects, providing a balance of efficiency, cost and high performance for AI and cloud-based applications. Scalability to meet future bandwidth needs: Aquila is designed to enable 1.6 Tbps total bandwidth in pluggable module form factor with 400 Gbps/lane 16-QAM signaling, future-proofing data center infrastructure as AI-driven demands grow. Cost-effective coherent technology for up to 20 km connectivity links: By leveraging O-band wavelengths, Aquila reduces cost-per-link compared to traditional C-band solutions. Low power and high performance for sustainability: The Aquila simplified DSP architecture reduces power consumption and latency, creating a sustainable, high-performance solution for dense, large-scale environments while advancing the data center's goal towards carbon-net zero emissions. Availability The Marvell Aquila coherent-lite DSP is sampling to select customers. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others. This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. For further information, contact: Kim Markle [email protected] SOURCE MarvellCommissioners move millions at meeting
I ditched my best friend’s wedding to go to work – I cut up my maid of honour dress too, but SHE’S the bad guy here
Rumours swirl that Ontario might have an early election very soonBarrett Bus Servs BBSI has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Barrett Bus Servs, presenting an average target of $44.0, a high estimate of $45.00, and a low estimate of $41.00. Observing a 3.53% increase, the current average has risen from the previous average price target of $42.50. Decoding Analyst Ratings: A Detailed Look The perception of Barrett Bus Servs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Vincent Colicchio Barrington Research Maintains Outperform $45.00 $45.00 Vincent Colicchio Barrington Research Raises Outperform $45.00 $41.00 Jeff Martin Roth MKM Raises Buy $45.00 $43.00 Vincent Colicchio Barrington Research Maintains Outperform $41.00 $41.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Barrett Bus Servs. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Barrett Bus Servs compared to the broader market. Price Targets: Delving into movements, analysts provide estimates for the future value of Barrett Bus Servs's stock. This analysis reveals shifts in analysts' expectations over time. Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Barrett Bus Servs's market standing. Stay informed and make well-considered decisions with our Ratings Table. Stay up to date on Barrett Bus Servs analyst ratings. If you are interested in following small-cap stock news and performance you can start by tracking it here . All You Need to Know About Barrett Bus Servs Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll tax services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees. Barrett Bus Servs: A Financial Overview Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity. Revenue Growth: Barrett Bus Servs's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.66% . This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector. Net Margin: Barrett Bus Servs's net margin excels beyond industry benchmarks, reaching 6.67% . This signifies efficient cost management and strong financial health. Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.47%, the company showcases effective utilization of equity capital. Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.78%, the company showcases effective utilization of assets. Debt Management: Barrett Bus Servs's debt-to-equity ratio is below the industry average at 0.1 , reflecting a lower dependency on debt financing and a more conservative financial approach. Analyst Ratings: What Are They? Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro . Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Apple’s UK engineering teams have ‘doubled in size in five years’FLAGSTAR FINANCIAL, INC. NAMES LEE SMITH AS CHIEF FINANCIAL OFFICERWounded Ange is fighting for his job as he returns to the Ibrox bear pit By STEPHEN MCGOWAN Published: 17:30 EST, 11 December 2024 | Updated: 18:16 EST, 11 December 2024 e-mail View comments THE last time Ange Postecoglou lost a game at Ibrox, defeat to Rangers proved less consequential than usual. A second title as Celtic manager in the bag, the Australian had one eye on the Scottish Cup final against Inverness when he benched his top scorer Kyogo Furuhashi, Daizen Maeda and left-back Greg Taylor. From time to time, even a game between Celtic and Rangers is reduced to a meanwhile, the end justifying the means when Postecoglou secured his fifth trophy from a possible six at Hampden before informing the Celtic board that he wished to leave for Tottenham Hotspur. The Australian returns to Ibrox in the Europa League tonight in rather different circumstances. One win in seven games represents a slump for a Spurs side languishing eleventh in the English Premier League . After Sunday’s 4-3 defeat to Chelsea , defender Cristian Romero aired the club’s dirty linen in public when he appeared to criticise the Spurs hierarchy in public. ‘ Manchester City competes every year, you see how Liverpool strengthens its squad, Chelsea strengthens their squad, doesn’t do well, strengthens again, and now they’re seeing results,’ said the defender. ‘Those are the things to imitate. You have to realise that something is going wrong; hopefully, they (the Tottenham board) realise it. Ange Postecoglou at Ibrox on Wednesday night ahead of Spurs' Europa League tie Under pressure Postecoglou addresses the media ahead of the match at Ibrox ‘Hopefully, they realise who the responsible ones are and we move forward because it’s a beautiful club that, with the structure it has, could easily be competing for the title every year.’ His first appearance for a month cut short by injury after 15 minutes, Romero will miss tonight’s game in Glasgow together with fellow defenders Ben Davies and Micky van de Ven and first-choice goalkeeper Guglielmo Vicario. The fall-out from his comments, meanwhile, rumble on — adding to the air of crisis around the club. For Postecoglou, defeat to Rangers at a hostile Ibrox would be a more dangerous business altogether than the 3-0 loss in a dead rubber league game with Celtic in May 2023. Postecoglou's Spurs collapsed from 2-0 up to lose 4-3 against Chelsea on Sunday Postecoglou suffered defeat on his last visit to Ibrox as Celtic manager in May 2023 Facing the biggest injury crisis of his managerial career, the former Parkhead boss will turn to teenage defender Archie Gray, grandson of former Scotland player Frank Gray and great-nephew of Leeds legend and ex-Scotland winger Eddie. Virtually the last men standing, Gray — a self-proclaimed ‘massive Celtic fan’ — will play in front of former Parkhead keeper Fraser Forster alongside Radu Dragusin. ‘I have to get creative,’ said Postecoglou. ‘I think Archie is probably the one for us at the moment that we need to try and get to fill in there. ‘He’s done right-back, left-back for us. He’s had to play centre- back a little bit this year during the pre-season. ‘Obviously, with him and Radu, they’re the two main defenders, but we’ve still got five or six games to navigate. So obviously we may have to get creative at some point and deal with it in a different way. ‘It’s challenging. We’ve also got Ben Davies out, who has played a big part for us while the other two have been out. ‘It’s no secret we’re thin on numbers. It is what it is and we can’t change that. We’ve got some big games coming up starting tomorrow and we’ll have to deal with it with what we’ve got. ‘I’m still very confident we’ll be able to get the job done with the players that are out, I suppose.’ Confidence has been thin on the ground of late. Leading Chelsea 2-0 before they collapsed, the latest defeat to Spurs’ great rivals increased the pressure on Postecoglou, despite a 4-0 win at Manchester City last month. Absolved of blame for the club’s current plight by Romero, the defender was less sparing of chairman Daniel Levy. During his 23-year reign, the club have won just one piece of silverware despite being the fourth-biggest net spenders in English football over the past five years. Managers come, managers go, Levy remains stubbornly hard to shift. ‘I think in the context of the day, Christian was disappointed,’ said his manager in an appeal for unity. ‘He knew that and had to go off. And then watch the team sort of have to feel the pain of another defeat in the manner it happened. He was very emotional. Spurs have hit a rough patch of form since beating Manchester City 4-0 last month ‘He’s a leader in the club. He hasn’t been able to help us and I think it was his way of trying to, as a leader, to help us and the group in saying that we’re going through a tough time but he believes in what we’re doing. ‘I think the way he expressed it was not the right way, particularly in a public sense, because I don’t feel and it’s certainly not my belief that our kind of challenges at the moment are because of one thing or one person. ‘I think whatever we need to do, we have the power to do that. But it’ll only happen if we kind of stay united as a group.’ The vulnerability coursing through Spurs offers Rangers hope of another memorable night in the Europa League. Victory for either side would secure a place in the knock-outs and enhance their hopes of finishing in the top eight and avoiding the play-offs. Despite recent events, Postecoglou’s desire to stop Tottenham being the great underachievers of English and European football burns stronger than ever. ‘I just don’t think that it’s one thing that will get us to where we want, and I don’t think there’s one thing that’s stopping us from getting to where we want to,’ he said. ‘I’m as ambitious as everyone else is at the club since I’ve been here to bring success, and that means taking on and trying to make the teams that, in some respects, have extra resources, but we can find different ways of bridging that gap.’ Share or comment on this article: Wounded Ange is fighting for his job as he returns to the Ibrox bear pit e-mail Add comment
BOCA RATON, Fla., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Saxena White P.A. issues this notice to update and replace a prior press release issued by Saxena White on December 11, 2024. Plaintiff City of Fort Lauderdale Police and Firefighters' Retirement System has filed a Notice of Scrivener's Error with the United States District Court for the Middle District of Tennessee, which attaches a corrected Class Action complaint correcting a typographical error that inadvertently defined the Class Period as beginning on February 8, 2020, whereas the Class Action complaint alleges that the Class Period begins on February 28, 2020. The prior press release issued by Saxena White on December 11, 2024 contained the same typographical error. The Class Action asserts claims on behalf of all persons and entities that purchased or otherwise acquired Acadia Healthcare Company, Inc. securities between February 28, 2020 and October 30, 2024, inclusive. The full, updated press release follows: Saxena White P.A. has filed a securities fraud class action lawsuit (the "Class Action") in the United States District Court for the Middle District of Tennessee against Acadia Healthcare Company, Inc. ("Acadia Healthcare," "Acadia," or the "Company") ACHC and certain of its executive officers (collectively, "Defendants"). The Class Action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and U.S. Securities and Exchange Commission ("SEC") Rule 10b-5 promulgated thereunder on behalf of all persons and entities that purchased or otherwise acquired Acadia Healthcare securities between February 28, 2020 and October 30, 2024, inclusive (the "Class Period"), and were damaged thereby (the "Class"). The Class Action filed by Saxena White is captioned City of Fort Lauderdale Police and Firefighters' Retirement System v. Acadia Healthcare Company, Inc., et al ., No. 24-cv-1447 (M.D. Tenn.). The Class Action complaint expands the class period and allegations asserted in a related action against Acadia and certain of its executive officers captioned: Kachrodia v. Acadia Healthcare Company, Inc., et al. , No. 24-cv-1238 (M.D. Tenn. filed Oct. 16, 2024) (the " Kachrodia Action"). Specifically, the Class Action expands the class period pled from February 28, 2020 to October 18, 2024 in the Kachrodia Action, to February 28, 2020 to October 30, 2024 in the Class Action. Pursuant to the notice published on October 16, 2024 in connection with the filing of the Kachrodia Action, and as required by the Private Securities Litigation Reform Act of 1995 (PSLRA), investors wishing to serve as lead plaintiff are required to file a motion for appointment as lead plaintiff by no later than December 16, 2024. Saxena White's filing of the Class Action does not alter the lead plaintiff deadline. Based in Franklin, Tennessee, Acadia Healthcare purports to be the leading publicly traded pure-play provider of behavioral healthcare services in the United States. Acadia claims that it is committed to providing communities with high-quality, cost-effective behavioral healthcare services, while growing the Company's business, increasing profitability, and creating long-term value for shareholders. Most of Acadia's revenue comes from acute inpatient psychiatric facilities. Acadia receives payments from various payors, including states and the federal government under their respective Medicaid programs. Throughout the Class Period, Defendants touted the quality and safety of Acadia's inpatient services and the Company's strong financial performance driven by solid volumes and growth in patient days ( i.e. , length of stay) and same facility revenue. Defendants further touted strong revenue trends driven by rate increases across all payors and positive coverage and reimbursement trends from Medicaid, Acadia's largest source of revenue. The Class Action alleges that, during the Class Period, the Defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects, including that: (1) Acadia admitted patients and held them against their will and beyond the length of time that was medically necessary in order to deceive payors into continuing to pay for such patients' care; (2) Acadia would not release patients until their insurance ran out; (3) in order to achieve the above, Acadia deployed Company assessors to pressure emergency rooms to send patients to Company facilities, filed frivolous petitions with courts to delay patients' release, and directed employees to use buzzwords and avoid using other words in patients' charts to create a false impression of patients' mental state; (4) Acadia's admissions, length of stay, and billing practices would subject the Company to government investigations and actions and heightened media scrutiny; (5) in light of such government investigations and actions and media scrutiny, Acadia's relationships with its referral sources would be negatively impacted; (6) as a result of the above, Acadia experienced slower same-store patient volumes, and in turn, the Company would be forced to lower its full-year 2024 outlook; and (7) as a result of the above, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On September 1, 2024, investors began to learn the truth about Acadia's inpatient services when The New York Times (the " Times ") published an article, entitled "How a Leading Chain of Psychiatric Hospitals Traps Patients," reporting that some of Acadia's success "was built on a disturbing practice: Acadia has lured patients into its facilities and held them against their will, even when detaining them was not medically necessary." On this news, the price of Acadia stock fell more than 4.5%, from a closing price of $81.93 per share on August 30, 2024, the prior trading day, to a closing price of $78.21 per share on September 3, 2024, the following trading day. On September 26, 2024, the Times published another article, entitled "Acadia Hospitals Reach $20 Million Settlement With Justice Dept," reporting that Acadia had agreed to a nearly $20 million settlement with the U.S. Department of Justice, related to an investigation into the Company's practices of holding "patients for longer than necessary" at its facilities and admitting "people who didn't need to be there." On September 27, 2024, Acadia disclosed that it had received a request for information from the U.S. Attorney's Office for the Southern District of New York and a grand jury subpoena from the U.S. District Court for the Western District of Missouri "related to its admissions, length of stay and billing practices." On this news, the price of Acadia stock fell more than 16%, from a closing price of $75.66 per share on September 26, 2024, to a closing price of $63.28 per share on September 27, 2024. On October 3, 2024, Acadia received a letter from Adam B. Schiff, Judy Chu, and Julia Brownley, members of the U.S. House of Representatives from California, seeking answers to questions raised by reports "that inpatient psychiatric facilities owned by Acadia Healthcare have wrongfully detained patients under medically unnecessary circumstances." On this news, the price of Acadia stock fell more than 3.5%, from a closing price of $58.80 per share on October 2, 2024, to a closing price of $56.71 per share on October 3, 2024. On October 18, 2024, the Times published another article entitled "Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud," reporting that the Veterans Affairs Department is investigating whether Acadia "is defrauding government health insurance programs by holding patients longer than is medically necessary" and "whether Acadia billed insurance programs for patients who were stable enough to be released and did not need intensive inpatient care." On this news, the price of Acadia stock fell more than 12%, from a closing price of $59.32 per share on October 17, 2024, to a closing price of $52.03 per share on October 18, 2024. The truth was fully revealed on October 30, 2024 when Acadia issued a press release announcing its financial results for the third quarter of 2024. In the press release, Acadia disclosed that it had lowered its full-year 2024 revenue outlook to a range of $3.15 to $3.165 billion and its full-year 2024 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to a range of $725 to $735 million. During the related earnings call held the next day on October 31, 2024, Chief Financial Officer (CFO) Heather Dixon disclosed that the lowered full-year 2024 guidance was in part due to slower same-store patient day growth of only 3% in the month of October, "which we believe is a result of the recent headlines and reporting in the media." On this news, the price of Acadia stock fell $9.39 per share, or more than 18%, from a closing price of $52.08 per share on October 30, 2024, to a closing price of $42.69 per share on October 31, 2024. If you purchased Acadia Healthcare securities during the Class Period and were damaged thereby, you are a member of the "Class" and may be able to seek appointment as lead plaintiff. If you wish to apply to be lead plaintiff, a motion on your behalf must be filed with the U.S. District Court for the Middle District of Tennessee no later than December 16, 2024. The lead plaintiff is a court-appointed representative for absent members of the Class. You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member. You may contact Marco A. Dueñas ( mduenas@saxenawhite.com ), a Senior Attorney at Saxena White P.A., to discuss your rights regarding the appointment of lead plaintiff or your interest in the Class Action. You also may retain counsel of your choice to represent you in the Class Action. You may obtain a copy of the Complaint and inquire about actively joining the Class Action at www.saxenawhite.com . Saxena White P.A., with offices in Florida, New York, California, and Delaware, is a leading national law firm focused on prosecuting securities class actions and other complex litigation on behalf of injured investors. Currently serving as lead counsel in numerous securities class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors. CONTACT INFORMATION Marco A. Dueñas, Esq. mduenas@saxenawhite.com Saxena White P.A. 10 Bank Street, Suite 882 White Plains, New York 10606 Tel.: (914) 437-8551 Fax: (888) 631-3611 www.saxenawhite.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Federal Capital Territory Primary Health Care system has emerged as one of the best in the federation at the second edition of the Primary Health Care Leadership Challenge Gala/ Awards ceremony held in Abuja. A statement from Bola Ajao, the Senior Special Assistant to the Mandate Secretary, FCT Health and Environment Secretariat, Adedalapo Fasawe, noted that the FCT emerged as the runner-up for “Best Performing and Most Improved State” with a cash incentive of $400,000 in recognition of its implemented innovations and outstanding performance in strengthening PHC system in the territory in line with Universal Health Coverage among other states in the year 2024. Meanwhile, 14 awards were presented in total—one per geo-political zone and one national award. Along with FCT, other states that shined at the ceremony were Gombe state, which won “Best Implemented Innovation,” and Anambra, which got the “Overall Best Performance” award for the 2024 edition. This year’s edition, chaired by Vice President Sen. Kashim Shettima, was represented by a former Minister of FCT, Alh. Aliyu Madibbo. The PHC Leadership Challenge award was launched in 2022 by the Nigeria Governors Forum as a commitment to strengthening and improving the PHC system across the country and to appraise state performance. The first award edition kicked off in 2023. Related News FAAC: FG, states, LGs share N1.7tn November revenue FCT health insurance scheme exceeds 2024 enrolment targets — Official Wike ready to revoke illegally acquired lands of friends, family — Aide In response to this remarkable feat, Fasawe said, “This award underscores the strategic leadership of the FCT Minister in investing in healthcare and the credible services carried out daily in PHC centres across the territory, with more to come.” Fasawe noted that the FCT healthcare system promotes and utilises the Basic Health Care Provision Fund adequately yields significant improvements in antenatal coverage, an increased proportion of women who are using modern contraceptive methods, an increased rate of women delivery with skilled birth attendants through various approaches targeted at creating awareness and educating vulnerable women on the importance of accessing quality healthcare system within their proximity. Fasawe, while appreciating the entire management and staff team of the Health Services and Environment Secretariat, and other stakeholders called for more action by putting in more work to ensure that the commitment to strengthen and improve the PHC systems in Nigeria is fully actualised. At the ceremony, the HSE Secretariat was represented by the Acting Executive Secretary, FCT Primary Health Care Board, Ruqqaya Wamako in the company of the Director, FCT Health Insurance Scheme, Dr Salamatu Belgore, who received the award on behalf of the Secretariat. The statement added that the Chairman of the NGF and Governor of Kwara state, AbdulRahaman AbdulRazaq, who was represented by the Governor of Anambra state, Prof Charles Soludo; and the Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate were present at the award ceremony.Armstrong Williams: What should we make of the celebration of health care CEO’s murder? | STAFF COMMENTARY