September 3, 2015 |
The University of Pennsylvania Health System, already the Philadelphia region's largest, posted the biggest percentage gain in revenue among the area's Pennsylvania hospital systems that have reported preliminary financial results for the fiscal year ended June 30. Penn logged $4.3 billion in revenue, up 9.8 percent from $3.94 billion the year before, driven in part by the inclusion of a full year of revenue from Chester County Hospital, which Penn...
August 14, 2015 |
TWO predictions: One, the day is coming, and soon, where North American teams will have advertising logos on their uniforms. And, two, nobody will care. Every sport is on a full-time mission to squeeze every buck it can out of the business. I mean, it has gotten to the point where the NFL is apparently considering moving the annual Super Bowl media day from Tuesday morning/afternoon to Monday night in primetime on the East Coast - apparently on the theory that if people will watch three days worth of draft coverage, and endless repetitions of players performing the shuttle run at the combine, they'll watch anything.
August 12, 2015 |
Drug pricing is the biggest commercial issue in the U.S. pharmaceutical industry, and Endo International CEO Rajiv De Silva said Monday that his company sees a mixed bag of opportunities to raise prices. In a conference call with stock market analysts, De Silva said that Endo has about 700 generic products, and that the company had been able to raise prices on some more complicated specialty generic drugs, such as those requiring injections, and on older products for which competitors have dropped out. Drug-company critics - including patients, doctor groups, and congressional leaders - generally question price increases, but stockholders benefit from revenue increases, and Wall Street analysis is based on that.
August 1, 2015 |
Quaker Chemical Corp., of Conshohocken, said Thursday it paid $32.4 million to acquire Verkol S.A., a specialty grease and lubricants manufacturer in Spain. Verkol had $33 million in revenue last year. Quaker, which also makes lubricants and other processing fluids used mainly in metal-processing industries, such as can-manufacturing and die-casting, had $766 million in 2014 revenue. Verkol employs 64. Quaker employed nearly 2,000 at the end of last year. email@example.com 215-854-4651 @InqBrubaker
July 15, 2015 |
Montgomery County is now posting its checkbook online, allowing the public to analyze up to five years of revenue and expenditures. Unveiled Monday, its new finance database, www.montcopa.opengov.com , provides graphs, tables, and download options, and filters data by department, time period, and revenue or expense type. A "contact" button sends questions directly to chief financial officer Uri Z. Monson. "People find something they don't understand, I'm hoping they will ask," Monson said.
June 11, 2015 |
DESPITE CITY Council raising property and use-and-occupancy taxes in recent years to support Philadelphia's ailing public schools, revenue from those two sources is down slightly, district officials told the Daily News . According to the district, collections from property taxes and U&O are expected to total $782 million for the fiscal year ending June 30, down about 2 percent from the previous year and less than 1 percent from 2012-13....
May 30, 2015 |
Crozer-Keystone Health System and Temple University Health System sharply narrowed their operating losses in the nine-month period ending March 31, according to financial reports released this week. The progress is significant because both systems serve large populations of poor people and get a substantial portion of their revenue from Medicaid, which does not pay enough to cover the cost of many medical procedures. Both systems, to different degrees, are trying to offset the basic Medicaid business with more complicated surgeries that bring in higher payments from insurers.
May 7, 2015 |
CHA-CHING! It's no secret that parking tickets generate revenue for the city. But does the Nutter administration actually want drivers to rack up fines? "That couldn't be further from the truth," said Andrew Stober, chief of staff for the mayor's Office of Transportation and Utilities. Stober yesterday sought to clear up any misconceptions one day after he publicly expressed concern about a proposed pay-by-phone parking app that could result in fewer tickets and perhaps less money for the city's cash-strapped school district.
April 18, 2015 |
Pennsylvania's 12 casinos in March brought in $69.8 million in revenue from table games, the industry's highest total since table games started in July 2010, the Pennsylvania Gaming Control Board reported. The total was 2.7 percent higher than last year. March table games revenue was down 4.7 percent at the four casinos in the Philadelphia area, to $29.4 million from $30.8 million, compared to a year ago. Harrah's Philadelphia, in Chester, and Valley Forge Casino, in Upper Merion Township, had double-digit percentage declines, while revenue rose at Parx and SugarHouse, data from the Gaming Board showed.
April 8, 2015 |
Independence Health Group Inc., the nonprofit holding company for Independence Blue Cross and other businesses affiliated with the Philadelphia region's largest health insurer, on Monday reported a decline in annual net income for the third year in a row. The drop, to $69.18 million last year from $142.64 million in 2013, came despite a 19 percent gain in revenue, to $13.2 billion, and the addition of two million members to Independence's operations...