Boston, MA 10/14/2014 (wallstreetpr) – Ford Motor Company (NYSE:F) and IHS Inc. (NYSE:IHS) have announced that they have agreed to expand their existing partnership related to the “Ford and Lincoln Certified Pre-Owned” programs. IHS Inc. (NYSE:IHS) would be participating in this collaborative exercise through its fully owned unit Carfax. As part of the corporate tie up, Ford Motor Company (NYSE:F) will continue to provide its proprietary information related to “Vehicle History” to Carfax. The reports would then be shared with the prospective buyers and sellers free of cost. The agreement would cover the past records of both Ford and Lincoln model vehicles. In addition these two car models would hence forth be listed on the “Used Car Listings” maintained and published by Carfax. The expansion of the tie up between the auto producer and the reseller comes after their initial tie up proved profitable. The reseller has recorded a nearly 50 percent increase in sales post its tie up with the car maker.
The Ensign Group, Inc. (NASDAQ:ENSG) announced on 13th October that it has it has inked upon an agreement to buyout certain assets from Shea Family Care. The assets which are going to change hands under the transaction add up to nearly 11 facilities and are located across the state of California. The Ensign Group, Inc. (NASDAQ:ENSG) President and Chief Executive Officer Christopher Christensen expressed happiness at being given the opportunity to carry forward the care giving efforts which were offered by Shea Family Care over the past few decades.
Apollo Global Management LLC (NYSE:APO) announced on 13th October that it has launched a joint venture vehicle called “Alteri Investors”. The partners in the venture would be drawn from the investors and funds who are members of its wealth management group. The new entity would be concentrating on “financing opportunities” which are in the range of GUB 10 to 50 million.
