January 17, 2013 |
The University of Pennsylvania Health System's tentative deal to acquire Chester County Hospital in West Chester may be a move to block competitors from gaining control of a lucrative patient market, health-care experts say. "I suspect that part of the reason was they didn't want it to fall into somebody else's hands," said Mark V. Pauly, a health-care economist at the University of Pennsylvania. Pauly said he had no inside information. The two organizations said Friday that they had signed a nonbinding letter of intent, allowing Penn to delve more deeply into Chester County Hospital's weakened financial condition and work more broadly with the hospital community on a merger agreement.
May 6, 1986 |
Trying to keep track of who is who in the long-distance business has not been an easy task lately. And it's expected to get even tougher. Competition among long-distance carriers is relatively new, with hundreds of young companies attempting to attract some of the business that for so long has been dominated by American Telephone & Telegraph Co. But all that competition is starting to take a toll. About 300 regional and national long-distance companies served customers at the end of last year, down from 400 the year before, according to estimates by the Yankee Group, a consulting firm in Boston.
April 30, 2013 |
Auxilium Pharmaceuticals Inc., of Chesterbrook, reported disappointing first-quarter sales on Monday and said it is spending $585 million to buy a urology drug company. Auxilium said sales of its two approved drugs, Xiaflex and Testim, both decreased because of lower sales in the U.S. It said both drugs appear to be losing market share and reduced its sales expectations for both products. The company also said it bought Actient Holdings LLC from private equity firm GTCR for $585 million.
August 18, 1987 |
On the surface, the idea sounds crazy. Is this what the world really needs? An antacid in the form of an aerosol whip? Consider the comic possibilities. How about a helping of strawberry shortcake covered with whipped antacid? Maybe an Irish coffee topped with a dollop of whipped antacid? Eat and drink all you want, and never worry about indigestion. Despite the jokes, Rorer Group Inc. has decided to proceed with national distribution of Maalox Whip, a new formulation of its familiar Maalox antacid.
April 29, 1986 |
Acme Markets, the Philadelphia-based food store chain, remained at the top of the supermarket heap for the second year in a row, according to a survey by Food Trade News, a publication that follows the industry. The survey, which covered 45 counties in Pennsylvania, New Jersey and Delaware, ranked the top 20 supermarkets, which controlled 77.2 percent of the market and had estimated retail food sales in 1985 of $11.3 billion. Acme Markets' 214 stores had sales of $2.682 billion, for a regional market share of 23.66 percent, according to the magazine, which is published in Ardmore.
May 24, 2011
As part of a push to hire 1,000 small-business bankers across the nation, Bank of America said today that it had hired 11 lenders in Southeastern Pennsylvania and six in South Jersey, based at branches in Camden, Burlington, Ocean, and Atlantic Counties. Last June, Bank of America had 102 branches with $7.7 billion in deposits, for a 6 percent market share, in the eight-county Philadelphia area. -Harold Brubaker
August 29, 1989 |
Conrail yesterday named the veteran manager of its rail-car fleet to the new job of vice president of customer service, a move the railroad said emphasized its need to be more competitive with the door-to-door service of trucking companies. The new post was filled by Ralph von dem Hagen, who has been assistant vice president for car management since 1984. In that job, he managed the rail-car fleet, matching customer orders with available equipment. Chairman James A. Hagen said that although Conrail provided good service, it could be better.
December 3, 2012 |
When Walter Bronek had a mini-stroke in September, he was taken to the closest hospital, Robert Wood Johnson University Hospital Hamilton. "I never saw a neurologist at Robert Wood. The only thing I saw was a computer screen with a doctor from Jeff," said Bronek, referring to Thomas Jefferson University Hospital in Philadelphia. After an examination, the "doc-in-the-box," as Bronek called him, recommended Bronek go to Jefferson, which counts Mercer County's Robert Wood Johnson Hamilton among the 28 hospitals in its Jefferson Neuroscience Network.
February 3, 2014 |
This evening about 6:30 in East Rutherford, N.J., a soprano from the Metropolitan Opera will join the NFL. Televised to more than 100 million listeners, she will sail "The Star-Spangled Banner" aloft with operatic vibrato, and by Monday morning all of America will be so stirred by her voice that apps will collapse under the strain of the sudden demand for Verdi and Wagner. Scratch that. Authorities have charged a pair of New Jersey Metallica fans with organizing a massive classical-music ticket-scalping scheme after hearing pianist Lang Lang rocking out with the heavy metal band on last Sunday's Grammy broadcast.
August 9, 2013 |
Radian Group Inc., a Center City mortgage insurer, said Wednesday that July was its biggest month ever, a sign of strength in the housing market and a shift in the industry that has benefited private mortgage insurers. The company insured $5.3 billion worth of home mortgages in July, 58 percent more than July 2013 and five times more than the low in 2010 of $959 million. "We're really excited about reaching a point in July where we had our highest writing month of new insurance in the history of the company," said Teresa Bryce Bazemore, president of Radian Guaranty Inc., Radian's mortgage-insurance arm. "We've been through - as has pretty much any company that's in the housing market - a very difficult period of time, lots of losses," Bazemore said.