Monthly Archives: July 2024

What is Capped Mortgage Commitment

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  • Post last modified:July 5, 2024

What is Capped Mortgage Commitment A capped rate mortgage commitment refers to a mortgage agreement in which the interest rate has an upper limit or cap for a specified period. This type of mortgage provides some level of predictability and protection for the borrower, ensuring that the interest rate will not exceed a predetermined maximum level during the capped period, even if market interest rates rise. Capped rate mortgages are widely used in pre-construction home…

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Quest Diagnostics to Acquire LifeLabs: Patient Data to Remain in Canada

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  • Post last modified:July 4, 2024

Quest Diagnostics to Acquire LifeLabs "Patient Data to Remain in Canada" Quest Diagnostics Inc., a U.S.-based medical testing giant, is set to acquire Canada's largest lab testing company, LifeLabs Medical Laboratory Services, for $1.35 billion. The deal ensures that LifeLabs will retain its brand, Canadian headquarters, and management team. Notably, patient data will continue to be stored in Canada, adhering to local privacy regulations. This acquisition is expected to close by the end of the…

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