April 23, 2015 |
The University of Pennsylvania Health System has reached a final agreement to acquire Lancaster General Health, a nearly $1 billion health system anchored by a 533-bed hospital in downtown Lancaster, the two systems announced Tuesday. Lancaster General's chief executive Thomas E. Beeman said the merger was the result of a planning process that started five years ago. "The value of integrating with a national health care leader became apparent," especially after forming an alliance with Penn last year, Beeman said.
March 14, 2015 |
A deal in Washington Township between elected officials and school leaders may help temper opposition to a housing and commercial project initiated seven years ago. The township council approved a measure Wednesday to allocate 44 percent of the revenue from a proposed tax agreement for the Washington Square redevelopment project to the school district. Resistance to the project from residents and school officials has centered on concerns that the planned housing components and a payment-in-lieu-of-taxes (PILOT)
March 8, 2015 |
Monroe Energy L.L.C. and United Steelworkers Local 10-234 said Friday that they had reached a tentative agreement on local issues, including wages and benefits, involving 215 union members who work at Monroe's oil refinery in Trainer, Delaware County. Spokesmen for both sides declined to give specific details. Nearly 7,000 steelworkers are on strike at 15 facilities around the nation as the United Steelworkers union bargains a national contract. National negotiations are set for Monday on a three-year pact affecting 30,000 steelworkers.
February 9, 2015 |
Legal maneuvers over the potential sale of the bankrupt Revel Casino Hotel flew into the weekend as Florida investor Glenn Straub's Monday deadline to buy the property for $95.4 million approached. "The whole thing has gotten a lot more complicated," said Stuart J. Moskovitz, an attorney for Straub. Straub has agreed to buy the Atlantic City complex - which cost $2.4 billion to build - but on terms that have been under attack by Revel's tenants. Lawyers for ACR Energy Partners L.L.C., which owns the utility plant that supplies electricity and hot and cold water to Revel, filed an emergency motion Saturday morning in U.S. District Court in Camden.
February 4, 2015 |
It's back to the negotiating table for the NFL and thousands of its former players suing the league over concussion-related health problems. U.S. District Judge Anita Brody, who is overseeing settlement efforts on behalf of the league's more than 20,000 potentially eligible retirees, has asked for further revisions to a deal that could pay out as much as $1 billion over 65 years. The move came seven months after she granted preliminary approval to the plan. In an order filed Monday, Brody ordered both sides to attempt to amend their settlement proposal to widen eligibility for some former players and their families.
January 22, 2015 |
IT TURNS OUT when you rent a ritzy Society Hill condo to your mistress and let her pay for it with sex - as a lawsuit alleges a high-powered Brooklyn real-estate mogul did - you probably shouldn't list your wife as a property manager. But Stuart Venner, according to a civil lawsuit filed by his wife on Friday in Philadelphia, may have made that mistake. In the suit, Grace Chang Venner alleges that her husband, a Brooklyn developer, drew up a 40-year lease last January for another woman to live in a stately, three-story brick rowhouse he bought in 2012 on Pine Street near 5th. But this wasn't just any lease, the suit claims: The agreement allegedly allowed defendant Panadda Pratomtang to rent the property for $1 a month until 2053 "in return for her providing prostitution services to Board Member, [Stuart]
January 10, 2015 |
When the 76ers play the Nets on Friday night in Brooklyn, there won't be any on-court reunions with former teammates for the three players involved in a Dec. 11 trade between the teams. That's because none of them will be there. As with many of the Sixers' transactions, that trade wasn't about improving, or even affecting, the current product on the court. It was about an exchange of assets, and this one involved players, draft picks, and money. The difference with this transaction, however, is there are lingering hard feelings about how it played out and unsettling questions from some league sources about the way Sixers general manager Sam Hinkie handled the deal.
January 10, 2015 |
The Downingtown Area School District has come to an agreement with Columbia Gas Transmission over a proposed pipeline that will run through three Downingtown-area school properties. The school district will receive $512,115 from Columbia Gas Transmission in exchange for easements under the deal, approved at a school board meeting Wednesday. The gas company must also restore school land affected by construction - including two athletic fields - and pay the district's legal fees related to the project.
January 3, 2015 |
An agreement of sale has been reached between the owners of the closed Ocean Spray cranberry plant in Bordentown City and a seasoned developer of industrial spaces, Mayor Joe Malone 3d said in an interview this week. Modern Recycled Spaces of Hamilton, Mercer County, which has converted closed factories in the area into mixed-use developments, is finalizing plans to purchase the plant and has plans to open an upscale grocery and a microbrewery at the site, Malone said. "We're very excited about the possibility of it being converted into a multiuse facility," he said.
December 8, 2014 |
Dish Network subscribers again have access to programming such as the Late Show with David Letterman, as Dish and CBS announced an agreement Saturday that will restore access to CBS3 (KYW-TV). Dish Network Corp. and CBS Corp. said they would not disclose financial terms of the multiyear deal for Dish to carry CBS-owned stations, CBS Sports Network, Smithsonian Channel, TVGN, and Showtime Networks. The Philadelphia-area CBS affiliate was one of more than two dozen stations across the country blacked out Friday during an impasse over the CBS Sports Network, Dish said in a statement Friday night.