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BUSINESS
September 5, 2014 | By David Sell, Inquirer Staff Writer
The largest Philadelphia-based accounting firm, ParenteBeard L.L.C., will join Chicago-based Baker Tilly Virchow Krause L.L.P., the two firms said in a statement Wednesday. The combined firm will be called Baker Tilly Virchow Krause L.L.P. The ParenteBeard name will disappear, the combined firm will be headquartered in Chicago, and Baker Tilly leadership will remain in place. But, Baker Tilly spokesman David Pendery insisted, the transaction was a merger and not an acquisition by the larger Baker Tilly.
NEWS
August 27, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Arthur T. Hilkert, 89, whose training as a Navy pharmacist's mate during World War II eventually led him to a civilian career representing U.S. drug manufacturers overseas, died Monday, July 28, at Our Lady of Lourdes Hospital in Camden following a stroke. Born in Canton, Ohio, Mr. Hilkert graduated from Lehman High School there and served in the Navy from 1943 to late 1945. After boot camp, he studied in a Navy program at St. Lawrence University in Canton, N.Y., and, as a pharmacist's mate, was stationed at what is now the Naval Medical Center in San Diego.
NEWS
August 20, 2014
M ICHAEL PRIFTI, 60, of Wynnewood; Eric Rahe, 56, of Phoenixville; and Michael Ytterberg, 60, of East Falls, are principals in BLT Architects. The second-generation Center City firm works in mixed-use, multifamily, education and hospitality spaces. I spoke with Prifti, who's managing principal. Q: What sets BLT Architects apart from other firms? A: We don't bring preconceived notions to any opportunity. Our higher-education work has informed our hotel work. Similarly, the hotel work is showing up in residential where there's lots of interplay in the amenity space.
NEWS
August 8, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
William J. Holland, 85, formerly of Berwyn, an accountant who rose to become an executive with Coopers & Lybrand, died Thursday, July 31, of congestive heart failure at the Bellingham Retirement Community, West Chester. Mr. Holland had lived at the facility for the last several months, said his son-in-law, Bob Logan. Before that, he lived in Berwyn, Wayne, and Stone Harbor, N.J. Mr. Holland had only one employer. He worked as a certified public accountant on the audit staff, starting in 1952, for what was then Lybrand, Ross Bros.
BUSINESS
July 30, 2014 | By Harold Brubaker, Inquirer Staff Writer
A New Jersey investment firm has agreed to pay $30.25 million for Northeast Philadelphia's Deer Meadows Retirement Community, which filed for bankruptcy protection in April. Investment 360 L.L.C., of Lakewood, will function as a "stalking horse bidder" at an auction next month, setting a baseline price, according to a bankruptcy court filing. U.S. Bankruptcy Judge Eric L. Frank on Monday scheduled a hearing for Aug. 11 on a proposed breakup fee that would pay 2.5 percent of the purchase price, or $756,250, to Investment 360 if the deal does not close or a higher bidder emerges.
BUSINESS
July 28, 2014 | By Harold Brubaker, Inquirer Staff Writer
In a bid to cut Medicare spending and help pay for health-care changes, the Obama administration has significantly expanded audits designed to recover improper payments from health-care providers. "We are taking, I would say, a brutal spanking, those that are fully compliant and within regulation," said Tim Fox, founder and chief executive of Fox Rehabilitation, a Cherry Hill company that provides physical therapy and other services to the elderly. "It's dead easy to commit fraud under Medicare, and that's why there's so much fraud and abuse out there," Fox said.
NEWS
July 27, 2014 | By Amy S. Rosenberg, Inquirer Staff Writer
STONE HARBOR - Christina Smith is not a local, but close. Nearly 20 years ago, the interior designer gave up the cosmopolitan lifestyles of Philadelphia and Stamford, Conn., and cast her lot at the Shore. In her case, the very tony Shore of Stone Harbor and Avalon. She formed the Summer House Design Group and, needless to say, she has had a unique view of the lifestyles of the rich and shoobie. And it's not all starfish fabric and "Welcome to the Beach" signs. Question: How did you end up at the Shore, here in Stone Harbor?
BUSINESS
July 26, 2014 | By Paul Nussbaum, Inquirer Staff Writer
"Ride-share" services Uber and Lyft won temporary authority from the Pennsylvania Public Utility Commission on Thursday to operate in Pittsburgh and surrounding Allegheny County. In another development, taxi cabs in Philadelphia will be required to install security cameras this year, following approval Thursday by the state Independent Regulatory Review Commission. The security cameras will monitor both the driver and passengers, and are designed to improve safety for both, said the Philadelphia Parking Authority, which regulates taxis in Philadelphia.
NEWS
July 26, 2014 | By Julia Terruso, Inquirer Staff Writer
For Justin Soulen, the worst part of a long weekend at the Shore with friends was the drive home. Not because of the return traffic or the ending of a vacation, but because of what was traveling home with him in the trunk - bags and bags of hot trash. "It was gross - all the stuff from BBQs, parties," Soulen said. "We just said to ourselves, 'This is ridiculous.' " Because Soulen, 25, and friends would leave Ventnor on a Sunday, and trash day was at midweek, their only choice was to bring the trash home or risk being fined for leaving cans on the street too early.
BUSINESS
July 24, 2014 | By Chris Mondics, Inquirer Staff Writer
Morgan, Lewis & Bockius L.L.P., of Center City, is reportedly among a handful of firms in merger talks with Boston-based Bingham McCutchen. Morgan Lewis, already one of the nation's largest firms, with 1,400 lawyers, would grow to well over 2,000 if the firms combined. Both firms declined to comment Tuesday. News of the discussion first emerged in a report by Reuters. In the last year, Bingham McCutchen, with 850 lawyers, has gone through a leadership change and a decline in revenue.
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