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News Article | May 4, 2017
Site: www.businesswire.com

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2017 through today. In addition to its outstanding results of operations and investment activities, the Company described its outlook for near-term accretive acquisitions. “With our successful equity offering last week, we are positioned to substantially increase our acquisition activity beyond our prior guidance of $1.0 billion in 2017,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “We have already closed and committed to close on almost $450 million of our initial 2017 estimates in very high quality hospital assets, and our sector-leading balance sheet strength gives us capacity to add as much as another $1.5 billion while maintaining our very low leverage target of 5.5 times net debt to EBITDA.” “The recently announced Adeptus resolution was exactly as we expected,” said Aldag. “The commitment by affiliates of Deerfield Management to recapitalize Adeptus and assume MPT leases underscores our underwriting and the power of our master lease structure. Over the course of our 14-year history, MPT’s assets have grown to over $7 billion and the Company has never experienced a material real estate impairment. During long-term investments, tenant issues will occasionally arise, but MPT has demonstrated its ability to resolve such issues while continuously collecting its rent. The strength of our underwriting and asset management are strong protectors of our shareholders’ investments.” Included in the financial tables accompanying this press release is information about the Company’s assets and liabilities, net income and reconciliations of net income to FFO and Adjusted Funds from Operations (“AFFO”), all on a basis comparable to 2016 results. The Company has pro forma total gross assets of approximately $7.4 billion including $5.0 billion in general acute care hospitals, $1.8 billion in inpatient rehabilitation hospitals, and $0.4 billion in long-term acute care hospitals. The portfolio includes 258 properties representing more than 29,000 licensed beds in 29 states and in Germany, the United Kingdom, Italy and Spain. The properties are leased to or mortgaged by 31 hospital operating companies. Normalized FFO for the first quarter increased 27% to $105.9 million compared with $83.5 million in the first quarter of 2016. Per share Normalized FFO decreased 6% to $0.33 per diluted share in the first quarter compared with $0.35 per share in the first quarter of 2016 due to the Company’s successful deleveraging in 2016 that represented almost $800 million in asset sales and a well-received upsized equity offering of 57.5 million shares of common stock in September 2016, in conjunction with the acquisition of nine Steward hospitals. First quarter 2017 total revenues increased 16% to $156.4 million compared with $135.0 million for the first quarter of 2016. Net income for the first quarter of 2017 was $68.0 million (or $0.21 per diluted share), compared to $57.9 million (or $0.24 per diluted share) in the first quarter of 2016. Certain items in the first quarter included $13.6 million in charges related to debt refinancing activities; a $7.4 million gain on the sale of a hospital, and $3.7 million of acquisitions and other transaction costs. Aldag commented on the impact of the Company’s recent decision to even further strengthen its sector-leading balance sheet through last week’s increase in equity. “The impact of last week’s $548 million equity raise will temporarily dilute FFO for 2017 until we reset our capital structure from the current, historically low leverage of 4.5 times EBITDA to our long-term target of 5.0 to 5.5 times, and use that capital for immediately accretive acquisitions. We are hopeful that will happen in the relatively near term, but until we have more certainty concerning the size and timing of any additional acquisitions, we will not try to quantify the near-term impact on our prior guidance.” The Company has scheduled a conference call and webcast for Thursday, May 4, 2017 at 11:00 a.m. Eastern Time to present the Company’s financial and operating results for the quarter ended March 31, 2017. The dial-in numbers for the conference call are 855-365-5214 (U.S.) and 440-996-5721 (international); both numbers require passcode 10535403. The conference call will also be available via webcast in the Investor Relations’ section of the Company’s website, www.medicalpropertiestrust.com. A telephone and webcast replay of the call will be available beginning shortly after the call’s completion through May 18, 2017. Dial-in numbers for the replay are 855-859-2056 and 404-537-3406 for U.S. and International callers, respectively. The replay passcode for both U.S. and international callers is 10535403. The Company’s supplemental information package for the current period will also be available on the Company’s website under the “Investor Relations” section. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. For more information, please visit the Company’s website at www.medicalpropertiestrust.com. The statements in this press release that are forward looking are based on current expectations and actual results or future events may differ materially. Words such as "expects," "believes," "anticipates," "intends," "will," "should” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company or future events to differ materially from those expressed in or underlying such forward-looking statements, including without limitation: the satisfaction of all conditions to, and the timely closing (if at all) of pending transactions; net income per share; Normalized FFO per share; the amount of acquisitions of healthcare real estate, if any; results from the potential sales, if any, of assets; capital markets conditions; estimated leverage metrics; the repayment of debt arrangements; statements concerning the additional income to the Company as a result of ownership interests in certain hospital operations and the timing of such income; the payment of future dividends, if any; completion of additional debt arrangements, and additional investments; national and international economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the Company's business plan; financing risks; the Company's ability to maintain its status as a REIT for income tax purposes; acquisition and development risks; potential environmental and other liabilities; and other factors affecting the real estate industry generally or healthcare real estate in particular. For further discussion of the factors that could affect outcomes, please refer to the "Risk factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2016 and as updated by the Company’s subsequently filed Quarterly Reports on Form 10-Q and other SEC filings. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update the information in this press release.


BUFFALO, NY--(Marketwired - May 15, 2017) - Cleveland BioLabs, Inc. ( : CBLI) today reported financial results and development progress for the first quarter ended March 31, 2017. Cleveland BioLabs reported a net loss of $(1.7) million, excluding minority interests, for the first quarter of 2017, or $(0.15) per share, compared to a net loss, excluding minority interests, of $(0.7) million, or $(0.06) per share, for the same period in 2016. The increase in net loss was primarily due to an increase in the non-cash adjustment to our warrant liabilities and decreased revenues and expenses due to the completion of our development contracts with the Russian Federation Ministry of Industry and Trade ("MPT"), which was partially offset by reduced operating costs aligned with our streamlined focus primarily on pursuing a pre Emergency Use Authorization ("pre-EUA") with the U.S. Food and Drug Administration ("FDA") and a Marketing Authorization Application ("MAA") with the European Medicines Agency ("EMA") for entolimod as a medical radiation countermeasure. As of March 31, 2017, the Company had $13.1 million in cash, cash equivalents and short-term investments, which, based on the Company's current operational plan, is estimated to fund operations for at least one year beyond the filing date of our Form 10-Q. Yakov Kogan, Ph.D., MBA, Chief Executive Officer, stated, "The pursuit of commercialization for entolimod as a medical radiation countermeasure remains our top priority. As previously announced, we are excited to have received agreement from the FDA to commence the in vivo biocomparability study in non-human primates. Following completion of this study and discussion of the study results with the FDA, we expect the agency to resume the review of our pre-EUA dossier." "We are also excited to have received a positive opinion from EMA on our pediatric investigational plan and are diligently working on assembling our MAA for submission to EMA," added Dr. Kogan. Revenue for the first quarter of 2017 decreased to $0.6 million compared to $0.8 million for the first quarter of 2016. The net decrease was primarily attributable to reduced revenue from our development contracts with MPT which completed in 2016. This decrease was partially offset by increased revenue from our Joint Warfighter Medical Research Program ("JWMRP") contract from the Department of Defense ("DoD") for the continued development of the entolimod as a medical radiation countermeasure. Research and development costs for the first quarter of 2017 decreased to $1.4 million compared to $1.9 million for the first quarter of 2016. The reduction in research and development costs is due to completion of our development contract with MPT and was offset, in part, by continued preclinical development along with other drug manufacturing activities associated with our JWMRP contract. General and administrative costs for the first quarter of 2017 decreased to $0.8 million compared to $1.2 million for the first quarter of 2016. This decrease was primarily attributable to reductions in personnel and other operating costs in connection with cost savings efforts to streamline operations. About Cleveland BioLabs, Inc. Cleveland BioLabs, Inc. is an innovative biopharmaceutical company developing novel approaches to activate the immune system and address serious medical needs. The company's proprietary platform of Toll-like immune receptor activators has applications in radiation mitigation, immuno-oncology, and vaccines. The company's most advanced product candidate is entolimod, which is being developed as a medical radiation countermeasure for the prevention of death from acute radiation syndrome, an immunotherapy for oncology and other indications. The company conducts business in the United States and in the Russian Federation through a wholly-owned subsidiary, BioLab 612, LLC, and a joint venture with Joint Stock Company RUSNANO, Panacela Labs, Inc. The company maintains strategic relationships with the Cleveland Clinic and Roswell Park Cancer Institute. To learn more about Cleveland BioLabs, Inc., please visit the company's website at http://www.cbiolabs.com. This press release contains certain forward-looking information about Cleveland BioLabs that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that do not relate strictly to historical or current facts. Words and phrases such as "potential," "may," "future," "will," "plan," "anticipate," "believe," "intend," "expect" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the company's future financial position, business strategy, new products, budgets, liquidity, cash flows, projected costs, research and clinical analyses and trials, regulatory approvals or the impact of any laws or regulations applicable to the company, and plans and objectives of management for future operations. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Factors that could contribute to such differences include, among others, the risks inherent in the early stages of drug development and in conducting clinical trials; the company's plans and expectations with respect to future clinical trials and commercial scale-up activities; the company's ability to attract collaborators with development, regulatory and commercialization expertise and the financial risks related to those relationships; the company's ability to comply with its obligations under license agreements; the company's inability to obtain regulatory approval in a timely manner or at all; the commercialization of the company's product candidates, if approved; the company's plans to research, develop and commercialize its product candidates; future agreements with third parties in connection with the commercialization of any approved product; the size and growth potential of the markets for the company's product candidates, and its ability to serve those markets; the rate and degree of market acceptance of the company's product candidates; the company's history of operating losses and the potential for future losses, which may lead the company to not be able to continue as a going concern; regulatory developments in the United States and foreign countries; the performance of the company's third-party suppliers and manufacturers; and the success of competing therapies that are or may become available. Some of these factors could cause future results to materially differ from the recent results or those projected in forward-looking statements. Any forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances occurring or arising after the date on which such statement is made, except as may be required by law. See also the "Risk Factors" and "Forward-Looking Statements" described in the company's periodic filings with the Securities and Exchange Commission.


BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has signed definitive agreements to acquire the real estate interests of ten acute care hospitals and one behavioral health facility currently operated by IASIS Healthcare (“IASIS”) and to be operated by Steward Health Care System LLC (“Steward”) when the transaction is completed. The $1.4 billion real estate transaction will be immediately accretive to normalized FFO per share by approximately $0.10 (and to net income by $0.05 per share) in 2018 assuming all debt financing. Steward and IASIS separately announced a simultaneous merger transaction, completion of which is a condition of MPT’s investment. “ We are very excited about this opportunity to grow with one of the top hospital operators in the country,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “ MPT has grown its assets by approximately 31 percent annually since 2013, compared to 15 percent for our healthcare REIT peers, and with this transaction, we eclipse our previous record 2016 acquisition total. This phenomenal growth, even as we sold almost $800 million of assets in the first half of 2016 to reduce leverage, has resulted in our normalized FFO per share growing over 10% annually compared to 6.7% for our peers for the period. Our dividend growth of 4% annually has also outperformed while our dividend payout ratio declined from 83% to 70% of normalized FFO. “ Steward has similarly achieved remarkable success in growing its company starting with the turnaround of a struggling not-for-profit hospital system in eastern Massachusetts. As Steward implemented its strategic plan to develop an integrated network with various access points along the healthcare continuum, the results were improved outcomes and reduced costs. The combined capabilities of Steward and IASIS will create the largest private for-profit hospital operator in the United States with projected revenues of almost $8 billion in 2018, the first full year of consolidated operations. Consolidation will continue in this dynamic healthcare environment and Steward is in a good position to capitalize on this trend,” added Aldag. MPT’s interests in the hospitals to be acquired will be subject to a master lease and mortgage loan arrangements with cross default provisions and backed by a corporate guaranty. Nine hospitals will be purchased for $700 million and leased back to Steward under the master lease, which has an expiration date of October 31, 2031, and includes three five-year extension terms, resulting in a GAAP yield of 10.2%. The new mortgage loans, also aggregating $700 million, have the same contractual terms as the leases. Additionally, MPT is making an attractive $100 million preferred equity investment in Steward, which will provide low risk equity-like returns. MPT’s pro forma investment of $3.3 billion in Steward real estate will include MPT’s existing investment in hospital real estate leased to IASIS, and generate approximately $298 million in annual revenue split 67% rental income and 33% interest income from mortgages. Expected 2018 EBITDAR rent and interest coverage for all Steward hospitals is 2.8 times. The transaction is expected to close by September 30, 2017, subject to customary approvals and consents. MPT expects to finance the acquisitions with proceeds from a combination of a fully committed $1.0 billion term loan with a term up to two years, its revolving credit facility with present availability of approximately $1.0 billion and the possible issuance of long-term unsecured notes. The Company intends to maintain its prudent leverage position and does not expect net debt to adjusted EBITDA to exceed 5.7 times. The Company has posted a presentation regarding the Steward transaction, including a reconciliation of pro forma FFO per diluted share to Net Income, the most comparable GAAP measure, on the Investor Relations page of the Company’s website, www.medicalpropertiestrust.com under Webcasts & Presentations. Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. For more information, please visit the Company’s website at www.medicalpropertiestrust.com. The statements in this press release that are forward looking are based on current expectations and actual results or future events may differ materially. Words such as “expects,” “believes,” “anticipates,” “intends,” “will,” “should” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company or future events to differ materially from those expressed in or underlying such forward-looking statements, including without limitation: our ability to successfully consummate the Steward/IASIS transactions discussed in this press release; the satisfaction of all conditions to, and the timely closing (if at all) of pending transactions; net income per share; Normalized FFO per share; the amount of acquisitions of healthcare real estate, if any; results from the potential sales, if any, of assets; capital markets conditions; estimated leverage metrics; the repayment of debt arrangements; statements concerning the additional income to the Company as a result of ownership interests in certain hospital operations and the timing of such income; the payment of future dividends, if any; completion of additional debt arrangements, and additional investments; national and international economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the Company’s business plan; financing risks; the Company’s ability to maintain its status as a REIT for income tax purposes; acquisition and development risks; potential environmental and other liabilities; and other factors affecting the real estate industry generally or healthcare real estate in particular. For further discussion of the factors that could affect outcomes, please refer to the “Risk factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and as updated by the Company’s subsequently filed Quarterly Reports on Form 10-Q and other SEC filings. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update the information in this press release.


News Article | May 25, 2017
Site: www.businesswire.com

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (NYSE: MPW) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share of common stock to be paid on July 14, 2017, to stockholders of record on June 15, 2017. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. MPT’s financing model allows hospitals and other healthcare facilities to unlock the value of their underlying real estate in order to fund facility improvements, technology upgrades, staff additions and new construction. Facilities include acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities. For more information, please visit the Company’s website at www.medicalpropertiestrust.com.


CHICAGO--(BUSINESS WIRE)--Steward Health announced its $1.9B acquisition of Iasis Healthcare last week. When completed, Steward will be among the nation’s largest health systems with approximately $8 billion in annual revenues. More notable than the transaction’s size is its unique funding structure. Medical Properties Trust, a real estate investment trust (REIT) headquartered in Birmingham, AL, will acquire the Iasis hospitals and lease them back to Steward. The article, Letting Go: Steward Sells Its Hospitals and Embraces Patient-Centric Care, details Steward Health’s innovative approach to operations, capital formation and growth. The company is well-positioned for rapid expansion into new markets with highly-coordinated care delivery. The Iasis acquisition as well as this month’s acquisition of 8 Community Health System (CHS) hospitals exemplify Steward’s commitment to building high performing community-wide integrated, patient-centric and efficient delivery systems across the country. Co-authors Robert Fraiman, President and CEO of Cain Brothers, a pre-eminent healthcare investment bank, and David W. Johnson, Founder and CEO of 4sight Health, a leading healthcare advisory and investment firm, chronicle Steward Health’s rapid evolution from a troubled not-for-profit system to a dynamic, “asset-light” health company well-positioned to compete in a post-reform rapidly evolving value-based environment. Steward’s modern story begins in 2008, when new CEO Dr. Ralph de la Torre assumed leadership at then-Caritas Christi Health Care and began a search for a better operating model. Working with Cain Brothers, Caritas Christi explored private equity funding alternatives. They chose to partner with Cerberus Capital Management and become a for-profit hospital company under the name of Steward Health Care. Steward restructured its debt, invested in its facilities, integrated its care delivery network, and became profitable. Additional funding enabled Steward to expand into new markets through internal growth and targeted hospital and physician group acquisitions. Today, Steward is New England’s second-largest health system. Last year, Steward sold its 9 New England hospitals to MPT and entered into 15-year sale-leaseback agreements to operate the facilities. This landmark transaction became the model for Steward’s national expansion program. As co-author, David Johnson notes, “Steward’s acquisition of Iasis represents a profound shift in how health systems can operate and fund growth. It replicates capital formation strategies employed in other industries, most notably hospitality. Not owning hospitals enhances Steward’s operating and strategic flexibility. Tracking Steward as it builds value-based integrated care networks within multiple communities will be among healthcare’s most interesting stories.” Click here to download the PDF and view the full article of “Letting Go: Steward Sells Its Hospitals and Embraces Patient-Centric Care” Dave Johnson is the CEO and founder of 4sight Health, a Chicago-based healthcare consulting firm specializing in thought capital, strategy and venture investing. The company provides a unique perspective on post-reform healthcare that emphasizes market-driven transformation. Mr. Johnson is the author of recently-published Market vs. Medicine: America’s Epic Fight for Better, Affordable Healthcare. He is the author-in-residence at MATTER, the Chicago-based healthcare incubator, and the Health Management Academy. Johnson also writes the widely-read “Market Corner” commentaries. Robert Fraiman has been President and CEO of Cain Brothers since January 2010. As an investment banker with over 30 years’ experience, he has advised clients in mergers & acquisitions, debt and equity capital rising, and strategic growth initiatives. Cain Brothers is a pre-eminent investment bank focused exclusively on healthcare. Our deep knowledge of the industry enables us to provide unique perspectives to our clients and is matched with the knowhow needed to efficiently execute the most complex transactions of all sizes. www.cainbrothers.com


OWINGS MILLS, MD, May 12, 2017 (GLOBE NEWSWIRE) -- Steven Raichlen’s Project Smoke, the first how-to series to focus on smoking every type of food, launches its third season on public television starting Memorial Day weekend. Project Smoke stars live-fire cooking expert and author Steven Raichlen and is presented by Maryland Public Television. Project Smoke brings the arts of smoking and grilling from the competitive barbecue circuit to the American backyard. Filmed at the Alisal Guest Ranch and Resort in California’s historic Santa Ynez Valley in Santa Barbara’s wine country, season three features a new collection of smokers and grills, including a wood-burning plancha grill, a gravity-fed smoker cabinet, and a high-tech infrared grill. This season’s 13 episodes offer new smoking techniques for home chefs, such as herb smoking with a blowtorch, and curing and smoking bacon like pastrami. For fans of Steven Raichlen’s Primal Grill TV series, the new season brings a renewed emphasis on grilling for viewers who may not own smokers. During season three Project Smoke goes global, with episodes on Mexican and Pac-Rim smoke and global tailgating. Series fans can look forward to episodes on the BBQ Holy Trinity, Perfect Hog, Extreme Smoke, Hot Stuff, and Water Meets Fire. The coming season includes recipes for Korean pulled pork, cedar-planked king crab, Yankee porchetta, and smoke-grilled monster tomahawk steaks, to name just a few. Visit projectsmoke.org for more details and check local TV listings for Project Smoke airdates and times. Season three premieres on MPT-HD Saturday, May 27 at 1 p.m. If fans are interested in seeing Project Smoke in their area, they should contact the programming department of their public television stations. Steven Raichlen's Project Smoke is a co-production of Maryland Public Television, Barbacoa, Inc. and Resolution Pictures. The series is distributed by American Public Television. Funding for the series is provided by Bush's Beans, Bradley Smoker, Inc., Arteflame, Memphis Wood Fire Grills, LLC, Komodo Kamado, Maverick Housewares, Kalamazoo Outdoor Gourmet, Yoder Smokers, The Companion Group, Creekstone Farms, Charbon Basques, Workman Publishing, Smoke 'n' Fire, Inc. and Saber Grills. Steven Raichlen is the author of the award-winning Barbecue Bible Cookbook series (more than five million copies in print, with translations in 17 languages).  His TV shows include the popular Primal Grill and Barbecue University on public television and Le Maitre du Grill and the new Les Incontornables de BBQ, which he hosts in French in Quebec.  Author of 30 books (including the novel Island Apart), Raichlen has written for The New York Times, Esquire, GQ, and all major food magazines.  Raichlen founded Barbecue University at the Broadmoor resort in Colorado Springs and has lectured on the history of barbecue at the Smithsonian Institution, Library of Congress and Harvard.  He also battled and defeated Iron Chef Rokusaburo Michiba on Japanese television.  Raichlen’s books have won three James Beard Awards and 3 IACP Julia Child Awards.  Raichlen studied medieval cooking in Europe on a Watson Foundation Fellowship (he was also awarded a Fulbright).  He lives in Miami and Martha’s Vineyard. Maryland Public Television, launched in 1969 and headquartered in Owings Mills, MD, is a nonprofit, state-licensed public television network and member of the Public Broadcasting Service (PBS).  MPT’s six transmitters cover Maryland plus portions of contiguous states and the District of Columbia.  A frequent winner of regional Emmy® Awards, MPT creates and distributes local, regional, and national television series and films, including Primal Grill® with Steven Raichlen, MotorWeek, Maryland Farm & Harvest and American War Stories: Vietnam. Resolution Pictures is an Emmy® Award-winning production company specializing in food television.  Many of its programs have won James Beard Awards including Lidia’s Italy, Food Trip with Todd English, and My Country My Kitchen. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/14d394bb-e9af-4e4f-845f-a22e10fec6be A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0297f75b-6053-43f2-b7ab-e2cce3f6a3e5 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43976443-18ae-4231-bf07-bc8ddec0fd8d


OWINGS MILLS, MD, May 12, 2017 (GLOBE NEWSWIRE) -- Steven Raichlen’s Project Smoke, the first how-to series to focus on smoking every type of food, launches its third season on public television starting Memorial Day weekend. Project Smoke stars live-fire cooking expert and author Steven Raichlen and is presented by Maryland Public Television. Project Smoke brings the arts of smoking and grilling from the competitive barbecue circuit to the American backyard. Filmed at the Alisal Guest Ranch and Resort in California’s historic Santa Ynez Valley in Santa Barbara’s wine country, season three features a new collection of smokers and grills, including a wood-burning plancha grill, a gravity-fed smoker cabinet, and a high-tech infrared grill. This season’s 13 episodes offer new smoking techniques for home chefs, such as herb smoking with a blowtorch, and curing and smoking bacon like pastrami. For fans of Steven Raichlen’s Primal Grill TV series, the new season brings a renewed emphasis on grilling for viewers who may not own smokers. During season three Project Smoke goes global, with episodes on Mexican and Pac-Rim smoke and global tailgating. Series fans can look forward to episodes on the BBQ Holy Trinity, Perfect Hog, Extreme Smoke, Hot Stuff, and Water Meets Fire. The coming season includes recipes for Korean pulled pork, cedar-planked king crab, Yankee porchetta, and smoke-grilled monster tomahawk steaks, to name just a few. Visit projectsmoke.org for more details and check local TV listings for Project Smoke airdates and times. Season three premieres on MPT-HD Saturday, May 27 at 1 p.m. If fans are interested in seeing Project Smoke in their area, they should contact the programming department of their public television stations. Steven Raichlen's Project Smoke is a co-production of Maryland Public Television, Barbacoa, Inc. and Resolution Pictures. The series is distributed by American Public Television. Funding for the series is provided by Bush's Beans, Bradley Smoker, Inc., Arteflame, Memphis Wood Fire Grills, LLC, Komodo Kamado, Maverick Housewares, Kalamazoo Outdoor Gourmet, Yoder Smokers, The Companion Group, Creekstone Farms, Charbon Basques, Workman Publishing, Smoke 'n' Fire, Inc. and Saber Grills. Steven Raichlen is the author of the award-winning Barbecue Bible Cookbook series (more than five million copies in print, with translations in 17 languages).  His TV shows include the popular Primal Grill and Barbecue University on public television and Le Maitre du Grill and the new Les Incontornables de BBQ, which he hosts in French in Quebec.  Author of 30 books (including the novel Island Apart), Raichlen has written for The New York Times, Esquire, GQ, and all major food magazines.  Raichlen founded Barbecue University at the Broadmoor resort in Colorado Springs and has lectured on the history of barbecue at the Smithsonian Institution, Library of Congress and Harvard.  He also battled and defeated Iron Chef Rokusaburo Michiba on Japanese television.  Raichlen’s books have won three James Beard Awards and 3 IACP Julia Child Awards.  Raichlen studied medieval cooking in Europe on a Watson Foundation Fellowship (he was also awarded a Fulbright).  He lives in Miami and Martha’s Vineyard. Maryland Public Television, launched in 1969 and headquartered in Owings Mills, MD, is a nonprofit, state-licensed public television network and member of the Public Broadcasting Service (PBS).  MPT’s six transmitters cover Maryland plus portions of contiguous states and the District of Columbia.  A frequent winner of regional Emmy® Awards, MPT creates and distributes local, regional, and national television series and films, including Primal Grill® with Steven Raichlen, MotorWeek, Maryland Farm & Harvest and American War Stories: Vietnam. Resolution Pictures is an Emmy® Award-winning production company specializing in food television.  Many of its programs have won James Beard Awards including Lidia’s Italy, Food Trip with Todd English, and My Country My Kitchen. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/14d394bb-e9af-4e4f-845f-a22e10fec6be A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0297f75b-6053-43f2-b7ab-e2cce3f6a3e5 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43976443-18ae-4231-bf07-bc8ddec0fd8d


OWINGS MILLS, MD, May 12, 2017 (GLOBE NEWSWIRE) -- Steven Raichlen’s Project Smoke, the first how-to series to focus on smoking every type of food, launches its third season on public television starting Memorial Day weekend. Project Smoke stars live-fire cooking expert and author Steven Raichlen and is presented by Maryland Public Television. Project Smoke brings the arts of smoking and grilling from the competitive barbecue circuit to the American backyard. Filmed at the Alisal Guest Ranch and Resort in California’s historic Santa Ynez Valley in Santa Barbara’s wine country, season three features a new collection of smokers and grills, including a wood-burning plancha grill, a gravity-fed smoker cabinet, and a high-tech infrared grill. This season’s 13 episodes offer new smoking techniques for home chefs, such as herb smoking with a blowtorch, and curing and smoking bacon like pastrami. For fans of Steven Raichlen’s Primal Grill TV series, the new season brings a renewed emphasis on grilling for viewers who may not own smokers. During season three Project Smoke goes global, with episodes on Mexican and Pac-Rim smoke and global tailgating. Series fans can look forward to episodes on the BBQ Holy Trinity, Perfect Hog, Extreme Smoke, Hot Stuff, and Water Meets Fire. The coming season includes recipes for Korean pulled pork, cedar-planked king crab, Yankee porchetta, and smoke-grilled monster tomahawk steaks, to name just a few. Visit projectsmoke.org for more details and check local TV listings for Project Smoke airdates and times. Season three premieres on MPT-HD Saturday, May 27 at 1 p.m. If fans are interested in seeing Project Smoke in their area, they should contact the programming department of their public television stations. Steven Raichlen's Project Smoke is a co-production of Maryland Public Television, Barbacoa, Inc. and Resolution Pictures. The series is distributed by American Public Television. Funding for the series is provided by Bush's Beans, Bradley Smoker, Inc., Arteflame, Memphis Wood Fire Grills, LLC, Komodo Kamado, Maverick Housewares, Kalamazoo Outdoor Gourmet, Yoder Smokers, The Companion Group, Creekstone Farms, Charbon Basques, Workman Publishing, Smoke 'n' Fire, Inc. and Saber Grills. Steven Raichlen is the author of the award-winning Barbecue Bible Cookbook series (more than five million copies in print, with translations in 17 languages).  His TV shows include the popular Primal Grill and Barbecue University on public television and Le Maitre du Grill and the new Les Incontornables de BBQ, which he hosts in French in Quebec.  Author of 30 books (including the novel Island Apart), Raichlen has written for The New York Times, Esquire, GQ, and all major food magazines.  Raichlen founded Barbecue University at the Broadmoor resort in Colorado Springs and has lectured on the history of barbecue at the Smithsonian Institution, Library of Congress and Harvard.  He also battled and defeated Iron Chef Rokusaburo Michiba on Japanese television.  Raichlen’s books have won three James Beard Awards and 3 IACP Julia Child Awards.  Raichlen studied medieval cooking in Europe on a Watson Foundation Fellowship (he was also awarded a Fulbright).  He lives in Miami and Martha’s Vineyard. Maryland Public Television, launched in 1969 and headquartered in Owings Mills, MD, is a nonprofit, state-licensed public television network and member of the Public Broadcasting Service (PBS).  MPT’s six transmitters cover Maryland plus portions of contiguous states and the District of Columbia.  A frequent winner of regional Emmy® Awards, MPT creates and distributes local, regional, and national television series and films, including Primal Grill® with Steven Raichlen, MotorWeek, Maryland Farm & Harvest and American War Stories: Vietnam. Resolution Pictures is an Emmy® Award-winning production company specializing in food television.  Many of its programs have won James Beard Awards including Lidia’s Italy, Food Trip with Todd English, and My Country My Kitchen. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/14d394bb-e9af-4e4f-845f-a22e10fec6be A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0297f75b-6053-43f2-b7ab-e2cce3f6a3e5 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43976443-18ae-4231-bf07-bc8ddec0fd8d


OWINGS MILLS, MD, May 12, 2017 (GLOBE NEWSWIRE) -- Steven Raichlen’s Project Smoke, the first how-to series to focus on smoking every type of food, launches its third season on public television starting Memorial Day weekend. Project Smoke stars live-fire cooking expert and author Steven Raichlen and is presented by Maryland Public Television. Project Smoke brings the arts of smoking and grilling from the competitive barbecue circuit to the American backyard. Filmed at the Alisal Guest Ranch and Resort in California’s historic Santa Ynez Valley in Santa Barbara’s wine country, season three features a new collection of smokers and grills, including a wood-burning plancha grill, a gravity-fed smoker cabinet, and a high-tech infrared grill. This season’s 13 episodes offer new smoking techniques for home chefs, such as herb smoking with a blowtorch, and curing and smoking bacon like pastrami. For fans of Steven Raichlen’s Primal Grill TV series, the new season brings a renewed emphasis on grilling for viewers who may not own smokers. During season three Project Smoke goes global, with episodes on Mexican and Pac-Rim smoke and global tailgating. Series fans can look forward to episodes on the BBQ Holy Trinity, Perfect Hog, Extreme Smoke, Hot Stuff, and Water Meets Fire. The coming season includes recipes for Korean pulled pork, cedar-planked king crab, Yankee porchetta, and smoke-grilled monster tomahawk steaks, to name just a few. Visit projectsmoke.org for more details and check local TV listings for Project Smoke airdates and times. Season three premieres on MPT-HD Saturday, May 27 at 1 p.m. If fans are interested in seeing Project Smoke in their area, they should contact the programming department of their public television stations. Steven Raichlen's Project Smoke is a co-production of Maryland Public Television, Barbacoa, Inc. and Resolution Pictures. The series is distributed by American Public Television. Funding for the series is provided by Bush's Beans, Bradley Smoker, Inc., Arteflame, Memphis Wood Fire Grills, LLC, Komodo Kamado, Maverick Housewares, Kalamazoo Outdoor Gourmet, Yoder Smokers, The Companion Group, Creekstone Farms, Charbon Basques, Workman Publishing, Smoke 'n' Fire, Inc. and Saber Grills. Steven Raichlen is the author of the award-winning Barbecue Bible Cookbook series (more than five million copies in print, with translations in 17 languages).  His TV shows include the popular Primal Grill and Barbecue University on public television and Le Maitre du Grill and the new Les Incontornables de BBQ, which he hosts in French in Quebec.  Author of 30 books (including the novel Island Apart), Raichlen has written for The New York Times, Esquire, GQ, and all major food magazines.  Raichlen founded Barbecue University at the Broadmoor resort in Colorado Springs and has lectured on the history of barbecue at the Smithsonian Institution, Library of Congress and Harvard.  He also battled and defeated Iron Chef Rokusaburo Michiba on Japanese television.  Raichlen’s books have won three James Beard Awards and 3 IACP Julia Child Awards.  Raichlen studied medieval cooking in Europe on a Watson Foundation Fellowship (he was also awarded a Fulbright).  He lives in Miami and Martha’s Vineyard. Maryland Public Television, launched in 1969 and headquartered in Owings Mills, MD, is a nonprofit, state-licensed public television network and member of the Public Broadcasting Service (PBS).  MPT’s six transmitters cover Maryland plus portions of contiguous states and the District of Columbia.  A frequent winner of regional Emmy® Awards, MPT creates and distributes local, regional, and national television series and films, including Primal Grill® with Steven Raichlen, MotorWeek, Maryland Farm & Harvest and American War Stories: Vietnam. Resolution Pictures is an Emmy® Award-winning production company specializing in food television.  Many of its programs have won James Beard Awards including Lidia’s Italy, Food Trip with Todd English, and My Country My Kitchen. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/14d394bb-e9af-4e4f-845f-a22e10fec6be A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0297f75b-6053-43f2-b7ab-e2cce3f6a3e5 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43976443-18ae-4231-bf07-bc8ddec0fd8d


OWINGS MILLS, MD, May 12, 2017 (GLOBE NEWSWIRE) -- Steven Raichlen’s Project Smoke, the first how-to series to focus on smoking every type of food, launches its third season on public television starting Memorial Day weekend. Project Smoke stars live-fire cooking expert and author Steven Raichlen and is presented by Maryland Public Television. Project Smoke brings the arts of smoking and grilling from the competitive barbecue circuit to the American backyard. Filmed at the Alisal Guest Ranch and Resort in California’s historic Santa Ynez Valley in Santa Barbara’s wine country, season three features a new collection of smokers and grills, including a wood-burning plancha grill, a gravity-fed smoker cabinet, and a high-tech infrared grill. This season’s 13 episodes offer new smoking techniques for home chefs, such as herb smoking with a blowtorch, and curing and smoking bacon like pastrami. For fans of Steven Raichlen’s Primal Grill TV series, the new season brings a renewed emphasis on grilling for viewers who may not own smokers. During season three Project Smoke goes global, with episodes on Mexican and Pac-Rim smoke and global tailgating. Series fans can look forward to episodes on the BBQ Holy Trinity, Perfect Hog, Extreme Smoke, Hot Stuff, and Water Meets Fire. The coming season includes recipes for Korean pulled pork, cedar-planked king crab, Yankee porchetta, and smoke-grilled monster tomahawk steaks, to name just a few. Visit projectsmoke.org for more details and check local TV listings for Project Smoke airdates and times. Season three premieres on MPT-HD Saturday, May 27 at 1 p.m. If fans are interested in seeing Project Smoke in their area, they should contact the programming department of their public television stations. Steven Raichlen's Project Smoke is a co-production of Maryland Public Television, Barbacoa, Inc. and Resolution Pictures. The series is distributed by American Public Television. Funding for the series is provided by Bush's Beans, Bradley Smoker, Inc., Arteflame, Memphis Wood Fire Grills, LLC, Komodo Kamado, Maverick Housewares, Kalamazoo Outdoor Gourmet, Yoder Smokers, The Companion Group, Creekstone Farms, Charbon Basques, Workman Publishing, Smoke 'n' Fire, Inc. and Saber Grills. Steven Raichlen is the author of the award-winning Barbecue Bible Cookbook series (more than five million copies in print, with translations in 17 languages).  His TV shows include the popular Primal Grill and Barbecue University on public television and Le Maitre du Grill and the new Les Incontornables de BBQ, which he hosts in French in Quebec.  Author of 30 books (including the novel Island Apart), Raichlen has written for The New York Times, Esquire, GQ, and all major food magazines.  Raichlen founded Barbecue University at the Broadmoor resort in Colorado Springs and has lectured on the history of barbecue at the Smithsonian Institution, Library of Congress and Harvard.  He also battled and defeated Iron Chef Rokusaburo Michiba on Japanese television.  Raichlen’s books have won three James Beard Awards and 3 IACP Julia Child Awards.  Raichlen studied medieval cooking in Europe on a Watson Foundation Fellowship (he was also awarded a Fulbright).  He lives in Miami and Martha’s Vineyard. Maryland Public Television, launched in 1969 and headquartered in Owings Mills, MD, is a nonprofit, state-licensed public television network and member of the Public Broadcasting Service (PBS).  MPT’s six transmitters cover Maryland plus portions of contiguous states and the District of Columbia.  A frequent winner of regional Emmy® Awards, MPT creates and distributes local, regional, and national television series and films, including Primal Grill® with Steven Raichlen, MotorWeek, Maryland Farm & Harvest and American War Stories: Vietnam. Resolution Pictures is an Emmy® Award-winning production company specializing in food television.  Many of its programs have won James Beard Awards including Lidia’s Italy, Food Trip with Todd English, and My Country My Kitchen. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/14d394bb-e9af-4e4f-845f-a22e10fec6be A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0297f75b-6053-43f2-b7ab-e2cce3f6a3e5 A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43976443-18ae-4231-bf07-bc8ddec0fd8d

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