Noida Medicare Centre Ltd.

DALLAS, June 28, 2023 /PRNewswire/ -- Access Healthcare, a leading provider of revenue cycle management and healthcare BPO and IT services to clients in the US, has announced the expansion of its operations in Noida, Uttar Pradesh, opening a 170,000 sq. ft. facility with 1,960 seats. Over 3,800 team members will work on delivering revenue cycle management services and digital transformation solutions to hospitals and primary healthcare networks across the United States from this facility. The five-floor facility is a growth-oriented investment of approximately $5M (Rs. 40 Cr.) and is fully operational. The facility also expands the operations of Pacific BPO, the Noida-based healthcare revenue cycle management BPO provider that Access Healthcare acquired in 2018. Kumar Shwetabh, President & Chief Growth Officer of Access Healthcare and CEO of Pacific BPO, said, "Our brand new, world-class center of excellence in Noida reiterates our commitment to grow the Noida office and provide further growth opportunities to our 6,000+ employees that work in the city. Access Healthcare grew by over 60% last year, and our Noida team played an important role. We have emerged as a key employer in the region, providing excellent career opportunities and global exposure to our team members. This new state-of-the-art office will be key in expanding our operations and consolidating our position as the global leader of healthcare revenue cycle management services." Vardhman Jain, Founder and Vice Chairman of Access Healthcare, explained how Noida fits into the vision for the company's future, "Innovation is in our DNA. Our focus on enabling healthcare providers to do more with their revenue cycle is anchored on our technology-enabled global delivery model. Our latest investment in expanding our Noida operations shows our confidence in our team members' talent and ability to deliver to changing client requirements. We aim to broaden our service delivery capabilities and scale capacity in the coming quarters." Access Healthcare has over 27,000 employees, working from 21 delivery centers in 9 cities across India, The Philippines, and the US. The company is considered one of the world's largest and fastest-growing independent Healthcare BPO and IT services providers. The company's recently announced expansion plans include new campuses in Chennai and Coimbatore, fueled by the tremendous organic growth achieved over the past few years. SOURCE Access Healthcare

NEW DELHI/TASHKENT, Dec 30 (Reuters) - India has suspended production at a pharmaceutical company based near New Delhi whose cough syrup was linked to the death of 19 children in Uzbekistan, India's health minister said on Friday. Uzbekistan said this week that at least 18 children had died in the southeastern city of Samarkand after consuming Marion Biotech's Dok-1 Max syrup. On Thursday, Uzbek media reported a 19th victim, a one-year-old child, in the nearby region of Qashqadaryo. Uzbekistan's health ministry had said the syrup contained a toxic substance, ethylene glycol, and was administered in doses higher than the standard dose for children, either by their parents, who mistook it for an anti-cold remedy, or on the advice of pharmacists. Indian Health Minister Mansukh Mandaviya said all production had been suspended at Marion Biotech's unit in Noida, outside Delhi. "All manufacturing activities of Marion Biotech at Noida unit have been stopped yesterday night, while further investigation is ongoing," Mandaviya wrote on Twitter on Friday. Hasan Harris, Marion's legal head, told Reuters partner ANI that the company had halted production of all medicines as it awaited a government report on the inspection. Neither Marion nor the health ministry responded to Reuters requests for comment on media reports that inspectors had found some deviation from rules on manufacturing at one of the firm's production units. Uzbekistan has taken legal action against a Marion representative there and has ordered all pharmacies to withdraw the Dok-1 Max tablets and syrups. Uzbek news website uzdaily.uz on Friday reported that sales of all Marion medicines had been temporarily suspended. India is known as the "pharmacy of the world" and has doubled its pharmaceutical exports over the last decade, touching $24.5 billion in the last fiscal year, thanks in large part to the manufacture of vaccines. The Uzbekistan case follows deaths of at least 70 children in Gambia that a parliamentary committee had linked to cough and cold syrups manufactured by New Delhi-based Maiden Pharmaceuticals. The company denied any wrongdoing and Indian government inspectors found no contamination in test samples of cough syrups linked to deaths in Gambia and said they met government standards. Uzbek President Shavkat Mirziyoyev said in a statement that he had sacked the head of the country's Pharmaceutical Industry Development Agency. "The deaths of children in Samarkand and Qashqadaryo showed the state of affairs in the field, the lack of control," he said "All the officials who allowed this will answer according to the law." Our Standards: The Thomson Reuters Trust Principles.

FREMONT, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, announced today financial results for the second quarter of 2021, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $316.1 million in the second quarter of 2021, along with 40.8% for non-GAAP gross margin. We shipped approximately 2,362,401 microinverters, or 796 megawatts DC, and 43 megawatt hours of Enphase Storage systems. Financial highlights for the second quarter of 2021 are listed below. Our revenue and earnings for the second quarter of 2021 are provided below, compared with those of the prior quarter and the year ago quarter: (In thousands, except per share data and percentages) Total revenue increased 5% compared to the first quarter of 2021. Demand for our microinverter systems remained well ahead of supply in the second quarter of 2021, as component availability continued to be constrained. Our operations team did an excellent job of navigating these component supply constraints to best service our customer demand, while our sales team focused on managing the channel and working closely with our installers and distributors. Our non-GAAP gross margin was 40.8% in the second quarter of 2021, compared to 41.1% in the first quarter of 2021, as higher logistics and expedite costs were partially offset by disciplined pricing and favorable product mix. Non-GAAP operating expenses increased to $51.7 million in the second quarter of 2021, compared to $43.7 million in the prior quarter, primarily due to additional investment in R&D and marketing programs, the first full quarter of consolidation of our two recent acquisitions, and increased hiring. Non-GAAP operating income was $77.2 million in the second quarter of 2021, compared to $80.2 million in the first quarter of 2021. We exited the second quarter of 2021 with $1.3 billion in cash and generated $65.6 million in cash flow from operations. We repurchased approximately 1.7 million shares of common stock for a total amount of $200.0 million on the open market in May 2021. Capital expenditures were $16.4 million in the second quarter of 2021, compared to $9.9 million in the first quarter of 2021. The sequential increase was due to the expansion of manufacturing capacity at our Mexico and India facilities, along with investment in IT and cloud infrastructure. Strong demand for our microinverter systems across all regions continued in the second quarter of 2021. We introduced our Load Control feature for our Enphase Storage systems in late May, which provides homeowners the ability to conserve their energy consumption by shedding non-essential loads during an outage and thereby extending the backup duration. We optimized our storage pricing for installers and continued to improve the installer experience by simplifying the commissioning process and reducing installation times. As a result, since June we have seen accelerating demand for our Enphase Storage systems. We are making good progress on digital transformation. Both of our recent acquisitions are fully integrated and exceeded our expectations with record revenue and installer counts in Q2. The Montreal team, which provides design and proposal software, added a significant number of new installers, while the Noida team, which provides proposal and permitting services, also experienced a significant increase in new requests. Both teams plan to release new products that will improve the customer experience and enable our installer base to leverage them as soon as possible. Our Enphase Storage customers in Connecticut, Massachusetts and Rhode Island can now participate and earn money through the ConnectedSolutions program, a utility-run incentive program to reduce electrical demand during high-use periods. Customers can sign-up, monitor, and control participation in the program using our Enlighten™ mobile app. We are excited to participate in a grid services program for the first time and expect to do more in the future. BUSINESS HIGHLIGHTS On April 19, 2021, Enphase Energy announced that Transdev, a multinational transit operator, selected Enphase microinverters for the first public transport depot in Australia to feature a fully solar-powered bus. Transdev plans to electrify the public transport network in Australia to show that it is more economical both financially and environmentally to transition to solar-powered electrical vehicle (EV) buses. On May 25, 2021, Enphase Energy announced Load Control, a new feature for its Enphase Storage system. Load Control enables a homeowner to designate four loads and prioritize them for what gets power in the event of a grid outage. All of this is done through the Enlighten mobile app, providing homeowners more control over their energy consumption while driving an improved installer experience. On June 29, 2021, Enphase Energy announced the launch of its Encharge™ storage system in Germany, the product’s first expansion into a market outside of the U.S. The Encharge storage system offers configurations ranging from 3.5kWh to 42kWh, along with the option to upgrade and expand through the lifetime of the system. Homeowners can also use the Enphase Enlighten mobile app to intelligently manage their solar energy in self-consumption mode to minimize the use of electricity from the grid, which saves on energy bills. THIRD QUARTER 2021 FINANCIAL OUTLOOK For the third quarter of 2021, Enphase Energy estimates both GAAP and non-GAAP financial results as follows: Follow Enphase Online Use of Non-GAAP Financial Measures The Company has presented certain non-GAAP financial measures in this press release. To view a description of non-GAAP financial measures used and the non-GAAP reconciliation schedule for the periods presented, click here. Conference Call Information Enphase Energy will host a conference call for analysts and investors to discuss its second quarter 2021 results and third quarter 2021 business outlook today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The call is open to the public by dialing (877) 644-1284; participant passcode 5415938. A live webcast of the conference call will also be accessible from the “Investor Relations” section of the Company’s website at investor.enphase.com. Following the webcast, an archived version will be available on the website for approximately one year. In addition, an audio replay of the conference call will be available by calling (855) 859-2056; participant passcode 5415938, beginning approximately one hour after the call. Forward-Looking Statements This press release contains forward-looking statements, including statements related to Enphase Energy’s expectations as to future financial performance, expense levels, liquidity sources, the capabilities, advantages, features and performance of our technology and products, including the ability to simplify and reduce installation time, our business strategies and anticipated demand for our products, the capabilities and performance of our partners, and the impact to homeowners. These forward-looking statements are based on the Company’s current expectations and inherently involve significant risks and uncertainties. Enphase Energy’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of certain risks and uncertainties including those risks described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents on file with the SEC and available on the SEC’s website at . Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law. A copy of this press release can be found on the investor relations page of Enphase Energy’s website at investor.enphase.com. About Enphase Energy, Inc. Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter-based technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 36 million microinverters, and over 1.5 million Enphase-based systems have been deployed in more than 130 countries. For more information, visit . Enphase Energy, Enphase, the E logo, Enlighten, Encharge, and other trademarks or service names are the trademarks of Enphase Energy, Inc. Contact:Adam HinckleyEnphase Energy, Inc.Investor Relationsir@enphaseenergy.com ENPHASE ENERGY, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited) (1) Loss on partial settlement of convertible notes of less than $0.1 million for the three months ended June 30, 2021, primarily relates to the non-cash loss on partial settlement of $0.1 million aggregate principal amount of the Notes due 2025. Loss on partial settlement of convertible notes of $56.4 million for the six months ended June 30, 2021 primarily relates to the $9.5 million non-cash loss on partial settlement of $87.1 million aggregate principal amount of the Notes due 2024, $9.5 million non-cash loss on partial settlement of $217.8 million aggregate principal amount of the Notes due 2025 and $37.5 million non-cash inducement loss incurred on repurchase of Notes due 2025. (2) Change in fair value of derivatives of $59.7 million and $44.3 million for the three and six months ended June 30, 2020, respectively, represents changes in fair value of the conversion option in the Notes due 2025, as well as the convertible note hedge and warrant transactions. Initially, conversion of the Notes due 2025 would be settled solely in cash as a result of the Company not having the necessary number of authorized but unissued shares of its common stock available to settle the conversion option of the Notes due 2025 in shares; therefore, the conversion option, convertible note hedge and warrant transactions were classified as derivatives that required marked-to-market accounting. On May 20, 2020, at the Company’s annual meeting of stockholders, the stockholders approved an amendment to its certificate of incorporation to increase the number of authorized shares of the Company’s common stock. As a result, the Company will now be able to settle the Notes due 2025, convertible notes hedge and warrants through payment or delivery, as the case may be, of cash, shares of its common stock or a combination thereof, at the Company’s election. Accordingly, on May 20, 2020, the conversion option, convertible note hedge and warrant transactions were remeasured at fair value and were then reclassified to additional paid-in-capital in the condensed consolidated balance sheet in the second quarter of 2020 and are no longer remeasured as long as they continue to meet the conditions for equity classification. ENPHASE ENERGY, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited) ENPHASE ENERGY, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) (2) Calculation of non-GAAP diluted net income per share for the three months ended June 30, 2021, March 31, 2021 and June 30, 2020, as well as the six months ended June 30, 2021 and 2020, excludes convertible notes due 2023 interest expense, net of tax of less than $0.1 million in each period from non-GAAP net income. (3) Effect of dilutive in-the-money portion of convertible senior notes and warrants are included in the GAAP weighted-average diluted shares in periods where the Company has GAAP net income. The Company excluded the in-the-money portion of convertible notes due 2024 totaling 45 thousand shares, 2,984 thousand shares and 3,677 thousand shares in the three months ended June 30, 2021, March 31, 2021 and June 30, 2020, respectively, and 1,506 thousand and 3,353 thousand shares for the six months ended June 30, 2021, and 2020, respectively from non-GAAP weighted-average diluted shares as the Company entered into convertible note hedge transactions that reduce potential dilution to the Company’s common stock upon any conversion of the notes due 2024. The Company excluded the in-the-money portion of convertible notes due 2025 totaling 557 thousand shares and 1,713 thousand shares in the three months ended June 30, 2021 and March 31, 2021, respectively, and 1,137 thousand shares for the six months ended June 30, 2021, respectively, from non-GAAP weighted-average diluted shares as the Company entered into convertible note hedge transactions that reduce potential dilution to the Company’s common stock upon any conversion of the notes due 2025.