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Partnership

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NEWS
July 20, 1989 | By Nathan Gorenstein, Inquirer Staff Writer
Anthony Dunleavy, the man charged with combing through the records of the Partnership for Economic Development, had just finished reciting his latest discoveries when he paused to consider what he had said. "When you see some of the things done, it is almost mind-boggling," Dunleavy said. Dunleavy was referring to things he said were done by William J. Tancredi, the partnership's commerce director and, until this week, the county's top business development official. In recent days, however, Tancredi has been virtually fired by the partnership and suspended from his job running a second agency.
BUSINESS
July 9, 1987 | By FREDERICK H. LOWE, Daily News Staff Writer
The Medical College of Pennsylvania is exploring a partnership with a Pittsburgh-based hospital holding company, and both sides expect to announce whether they will go ahead with the deal by the end of the month. D. Walter Cohen, the MCP president, said the college, at 3300 Henry Ave., is looking into forming an alliance with Allegheny Health Services Inc., the parent company of Pittsburgh's Allegheny General Hospital. In 1986, Allegheny General Hospital had operating revenues of $287 million.
BUSINESS
July 12, 1989 | By Valerie Reitman, Inquirer Staff Writer
The partnership that held a controlling interest in Franklin Computer Corp. has dissolved, distributing its shares to its partners. Franklin, the Mount Holly maker of hand-held electronic spelling and other devices, said Firebird Partners, which had owned about 40 percent of Franklin's common stock, was liquidating its assets. Firebird transferred its stock to one of its principals, Renaissance Partners, a venture-capital firm, which, in turn, distributed the stock to its four partners.
BUSINESS
March 9, 1990 | By Susan Warner, Inquirer Staff Writer
Two Butcher & Co. real estate partnerships that own the Biltmore Hotel in Coral Gables, Fla., have filed for bankruptcy protection from creditors. Butcher's Deilwydd Corp. and Sovereign Group Ltd. 1986-1 filed for protection under Chapter 11 of the U.S. Bankrutpcy Act in U.S. District Court in Philadelphia last Friday. Deilwydd Corp. is the general partner of the limited partnership that owns the property. David Lloyd, president of Sovereign Group, Butcher & Co.'s real estate subsidiary, yesterday said hotel revenues had increased, but not enough to pay off its debt to a Florida bank that was about to foreclose.
NEWS
January 7, 2016 | By Jacob Adelman, STAFF WRITER
The company formerly known as Hersha Hospitality Management has acquired the Residence Inn Philadelphia Conshohocken hotel from a partnership involving Brandywine Realty Trust for $26.5 million. HHM, as it is now known, bought the 137-room Marriott hotel to take advantage of Conshohocken's growing business community, the company said in a release Tuesday. Brandywine announced the sale of the hotel, in the Tower Bridge development, earlier in the day. The Radnor-based developer said it will net $6.1 million from its 50 percent stake in the property after debt repayment and other costs.
NEWS
May 18, 1990 | By Aaron Epstein, Inquirer Washington Bureau
Ann B. Hopkins, a reluctant role model for women, strode into a restaurant for lunch this week, plunked down a worn leather briefcase, dropped into a chair and ordered a Beck's beer. She wore horn-rimmed glasses and no cosmetics, and by the time her second Beck's arrived, she demonstrated an acquaintance with many of the words that family newspapers decline to print. It has been seven years since Hopkins was on the verge of reaching her career goal - a lucrative partnership in the giant accounting firm of Price Waterhouse - only to have some of her male bosses derail her ambitions for behaving, they said, too much like a man. In a precedent-setting case that went all the way to the Supreme Court, U.S. District Judge Gerhard A. Gesell awarded her the partnership that she covets and that Price Waterhouse still does not want her to have.
BUSINESS
May 24, 1991 | By Richard A. Oppel Jr., Special to The Inquirer
A Willard G. Rouse 3d partnership transferred $225,000 from its Great Valley Hilton Hotel & Conference Center to another Rouse business in a "fraudulent" attempt to safeguard the cash, Rouse's banker charged in a lawsuit filed yesterday. The money transfer came days before a planned foreclosure by the New Bank of New England against the Malvern hotel for failure to make payments on more than $22 million in loans and interest, the suit said. According to the suit filed in Chester County Court, the money was paid by the hotel to Rouse & Associates Urban on April 8, five days after the bank obtained a $22 million judgment against the hotel partnership and two days before foreclosure proceedings were to begin.
NEWS
October 15, 1998 | By Ewart Rouse, INQUIRER STAFF WRITER
West Jersey Health System and Memorial Health Alliance yesterday announced that they had created a separate corporation to help the two South Jersey health-care systems cut costs without sacrificing jobs or services. The new entity, Virtua Health, is a partnership arrangement rather than a merger, and the two systems will retain their separate identities, executives said at a news conference at the West Jersey Hospital-Marlton division. They said that coming together as Virtua could save them up to $25 million over the next five years by centralizing such operating functions as marketing, planning, purchasing, and patient accounting as well as by combining such services as mobile intensive care and home health.
NEWS
November 27, 1995 | By Drew Weaver, INQUIRER CORRESPONDENT
Wooden frames hang on the walls of attorney Lynne Kessler Lechter's office, holding faded black-and-white images, slightly unfocused, of her ancestors. Her grandfather, dressed in a dark, early-1900s suit, stands straight and peers from one frame across the room at Lechter's dark mahogany desk. "I have a great extended family," Lechter, 53, said. "They are my inspiration. " If her grandfather could see past the desk and through the wall, he could look into the eyes of his great-granddaughter, attorney Maxine Lechter, at work in the next office.
NEWS
June 11, 2009 | By Susan Snyder INQUIRER STAFF WRITER
Drexel University and Haddonfield Memorial High School will announce tonight a first-of-its-kind partnership that includes free college-level courses for high-achieving students and online classes, as well as mentoring and faculty-training programs. As designed, the partnership will give Haddonfield students access to courses not available at the high school, such as Mandarin and electrical physics, and allow them to accumulate college credits early. And it gives Drexel special reach into a high-performing school where many students already apply to the university.
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BUSINESS
August 13, 2016 | By Harold Brubaker, STAFF WRITER
Lancaster General Health, a unit of the University of Pennsylvania Health System, picked King of Prussia's Universal Health Services Inc. to operate a planned 126-bed behavioral-health hospital planned in Lancaster, Pa. The $30 million facility is expected to open two years from now, Lancaster General said. The partnership will have a six-member board of governors, with three members from each partner. Lancaster General will lease the land to the partnership. UHS, which already owns eight behavioral-health facilities in Pennsylvania, will operate the hospital.
BUSINESS
July 15, 2016 | By Sam Wood, Staff Writer
This story has been updated. The Philadelphia region's largest health-care employer may be extending its reach farther into New Jersey. The University of Pennsylvania Health System, better known as Penn Medicine, announced Wednesday that it had signed a letter of intent to partner with Princeton HealthCare System. In a statement, Penn Medicine CEO Ralph Muller said the partnership would give central New Jersey residents access to Penn's world-class patient-care programs.
NEWS
March 24, 2016 | By Jonathan Lai, Staff Writer
Rowan University trustees agreed Tuesday to sell 100 acres for $11.5 million to Inspira Health Network, which plans to build a hospital in the area west of the university's main campus in Glassboro. The deal's cost is $2 million higher than when it was first proposed to Rowan trustees two months ago, because of a property appraisal; $1 million will be set aside as an endowment to help cover the costs of setting up internships, Rowan said. The sale would excise a chunk of Rowan's largely undeveloped "West Campus," with Inspira planning a 350,000-square-foot facility at Routes 322 and 55 in Harrison Township.
NEWS
March 12, 2016 | By Jacob Adelman, STAFF WRITER
An affiliate of Philadelphia investor Thomas Gravina's GPX Enterprises L.P. has sold the Wayne office park where the company's cloud computing unit, Evolve IP L.L.C., has its headquarters. GPX Wayne Office Properties L.P. sold the 12-building, 376,300-square-foot Evolve IP Corporate Center office park for $42 million on Feb. 9, according to a deed filed with Chester County. The buyer was a joint venture between a Philadelphia real estate partnership called PDC-Old Eagle L.L.C.
NEWS
February 10, 2016 | By Allison Steele, Staff Writer
The operators of Camden's "Renaissance" charter schools said Monday that they had formed community benefit agreements to provide health screenings, adult education classes, legal seminars, and other services to city residents. The agreements also call for the nonprofit school operators Mastery, Uncommon, and KIPP to give preference to local residents in hiring and contracts, which city and school officials said would strengthen relationships between the schools and their neighborhoods.
NEWS
February 9, 2016 | By Jill Castellano, Staff Writer
Three South Philadelphia parishes and two in Delaware County are entering the Philadelphia Archdiocese's consolidation process, which could result in merged parishes. The three in South Philadelphia are Annunciation of the Blessed Virgin Mary, Saint Nicholas of Tolentine, and Saint Rita Cascia, while the Delaware County parishes are Sacred Heart in Clifton Heights and St. Charles Borromeo in Drexel Hill, the archdiocese announced Sunday. In less than five years, mergers have reduced the number of parishes in the five-county area from 266 to 219, according to the archdiocese.
BUSINESS
January 23, 2016 | By Andrew Maykuth, Staff Writer
SEPTA and two energy services firms announced Thursday they had teamed up to expand the first-of-its-kind battery storage system that captures power from braking trains on the city's two subway systems. Constellation Energy Resources, a Baltimore subsidiary of Exelon Corp., will pay for and install battery systems at seven SEPTA electrical substations on the transit system, which will capture and store power produced from the subway's regenerative brakes. Viridity Energy, a Philadelphia firm, will bid the stored power into the regional energy grid, which pays a fee to suppliers that can instantly match generation with demand to maintain the desired electrical frequency on the network.
NEWS
January 7, 2016 | By Jacob Adelman, STAFF WRITER
The company formerly known as Hersha Hospitality Management has acquired the Residence Inn Philadelphia Conshohocken hotel from a partnership involving Brandywine Realty Trust for $26.5 million. HHM, as it is now known, bought the 137-room Marriott hotel to take advantage of Conshohocken's growing business community, the company said in a release Tuesday. Brandywine announced the sale of the hotel, in the Tower Bridge development, earlier in the day. The Radnor-based developer said it will net $6.1 million from its 50 percent stake in the property after debt repayment and other costs.
BUSINESS
November 19, 2015 | By Harold Brubaker, Inquirer Staff Writer
Tandigm Health L.L.C., a joint venture of Independence Blue Cross and DaVita HealthCare Partners designed to coordinate care in a way that reduces costs and improves quality, has expanded to include Doylestown Healthcare Partnership, Tandigm announced Tuesday. Tandigm, which was launched in April 2014, already includes Holy Redeemer Health System and 363 primary care physicians. The Doylestown deal, which covers Doylestown Hospital and a physicians group with 270 specialists, marks the first time Tandigm has included specialists in its network, which covered 89,700 members on Sept.
NEWS
November 13, 2015 | By Khalil Williams, Inquirer Staff Writer
The students, all fourth and fifth graders, came from the same school. Yet they were so different. Some were shy and slow to speak. Others were loud and boisterous, eager to crack jokes and make noise. All 10 students, from the Gesu School, in North Philadelphia, were at the Rosemont School of the Holy Child, in Montgomery County, for the same reason: to expand their education. On this October day, they were there to examine Japanese culture. In a roundtable discussion to open the session, Rosemont teachers Matt Nuttall and Greg Soltis told the students to name a few things they thought they knew about Japan.
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