Mortgage Blog
$5 million donation: South Jersey medical center receives record individual gift
Deborah Heart and Lung Center said Tuesday it has been gifted $5 million, the largest single amount given by an individual donor in the history of the 97-year-old Burlington County specialty hospital.
The gift by Gregory Olsen was made to “Deborah100,” a multi-year campaign raising funds to add two new patient floors with all private rooms at the medical center.
The donation, hospital officials said, will help launch the more than $50 million project targeted to the 100th anniversary of Deborah…
Woman gets 2-plus years for embezzling from Saint Luke’s Foundation
A Kansas City woman was sentenced in federal court Tuesday for embezzling nearly $547,000 from Saint Luke's Foundation, which employed her as an accountant for nearly 20 years.
Kathleen Frederico worked as the accounting and special projects manager at the foundation, a nonprofit that supports Saint Luke's Health System, from May 7, 1999, until she was fired Feb. 23, 2018.
Frederico was sentenced to two years and three months in federal prison without parole. The court also ordered her to pay…
Museum District specialty hospital acquired by Dallas health care co.
A specialty hospital owned by the local division of HCA Healthcare Inc. (NYSE: HCA) has traded hands again.
Dallas-based Cornerstone Healthcare Group, which manages a network of specialty hospitals and other medical facilities, acquired the 65-bed long-term acute care hospital in HCA Houston Healthcare Medical Center's North Tower for an undisclosed amount, according to a Nov. 12 press release. HCA purchased the Museum District hospital and the specialty hospital — formerly called the Park Plaza…
Mylan and Upjohn announce name of combined company
The new company that will be created when Mylan and Upjohn combine has a name.
On Tuesday, Mylan and Pfizer (of which Upjohn is a division of) announced that the new company will be called Viatris.
According to a release, the name is derived from Latin and means, roughly, “a path to three.” The name is supposed to embody the new company's goal of providing a path to three core goals: expanding access to medicines, leading by innovating to meet patient need and being a trusted partner for the healthcare…
Tim George remembered as caring practitioner, ‘exceptional surgeon’ for Dell Children’s
Tributes to the late Dr. Timothy George are pouring in after the accomplished Austin pediatric neurosurgeon died over the weekend in Florida.
George complained about a medical issue during the Michelin IMSA SportsCar Encore at Sebring International Raceway on Nov. 10 and drove his vehicle to the pit lane where he was attended to by medical staff. He was transported to a nearby hospital where he died. He was 59 years old.
George was interim director of pediatric neurosurgery at Dell Children's…
Express Scripts unveils multimillion-dollar expansion of innovation lab (Photos)
The facility, known as “The Lab,” opened in 2010 and is a collaborative research space to develop better outcomes in health care. New lab features showcased Tuesday bolster Express Scripts’ ability to use technology to improve patient care.
Atrium Health signs onto Blue Cross NC’s value-based care program
Charlotte-based Atrium Health is one of the latest health systems to sign onto Blue Cross and Blue Shield of North Carolina's Blue Premier program. The multi-year contract goes into effect on Jan. 1.
Blue Premier is a value-based program that holds health-care providers and Blue Cross NC financially accountable for the quality of care a patient receives. It follows a shared-risk financial model. Providers and Blue Cross NC share in the cost savings when a patient's care plan meets performance standards…
Done deal — Buyout takes Durham pharma off the Nasdaq
Just more than a month after it was announced, Dova Pharmaceuticals’ buyout by a Swedish biotech is complete.
The Durham drugmaker disclosed the news Sept. 30, that it was being acquired by Swedish Orphan Biovitrum (OM: SOBI).
According to a securities filing, SOBI paid about $868 million in cash.
Here's who's in line to profit from Dova's buyout
On Tuesday – the day the deal closed – Dova terminated and repaid a loan and security agreement among Dova, Silicon Valley Bank and others.
Monday,…
AAC finalizing details to join new exchange following NYSE delisting
AAC Holdings Inc. was delisted from the New York Stock Exchange last month but AAC Chairman and CEO Michael Cartwright said shares of the company could soon have a new home.
During the company's first earnings call since being delisted, Cartwright said AAC is looking for a new exchange on which to list shares of the company. When reached for comment, an AAC spokesperson did not disclose what exchange AAC may move to, but said details are being finalized and an announcement could be made by the…
NBT Bank names new CFO
NBT Bank has hired John Moran as executive vice president and chief financial officer.
Moran will be on NBT's executive management team and will be based at the company’s headquarters in Norwich.
He has 17 years of experience in the financial services industry. Before joining NBT, Moran was senior vice president and director of corporate development and strategy for Old National Bancorp — the parent company for Old National Bank, a regional bank with about 200 branches and $20 billion in assets…