goldenayreyg1666.blogspot.com
of Philadelphia purchased Roxborough Memorial from in 2007 and has invested morethan $6.5 million in capital improvementds and program expansions for the 137-bed “When we took over this hospital we had a game plan in placw and for the most part we’ved been able to make that game plan said Jack Donnelly, Roxborough Memorial’s CEO, and chief operating officer of Solis Healthcare. Donnelly had serverd as the hospital’s CEO when it was a nonprofit medicalp center and held onto the post after Tenet took over Roxborough Memorialin 2002.
investments at Roxborough have included more than doublinbg the size ofthe hospital’s wound healing center, expandingh its geropsychiatry unit to treat mental illness in the installing a CT scanner and an open-bore MRI device and upgradin the hospital information systems technology. Other changes include installiny flat-screen televisions in waiting rooms and making cosmetic improvements to the main admissions and ERwaiting area; contracting with for dietary services, and includinb a “heat on demand” service that results in warmed food beingb delivered to patients and replacing the hospital’s outdatedf boiler system.
“Tenet owns a number of hospitals and Roxborouguprobably didn’t get the attention it deserved,” said Robert G. Souaid, president and CEO of Solias Healthcare. Souaid said Roxborough Memorial’e position as a community hospital doesn’t mean it can’t have the latesty in technological advancements. He proudly noted that the new $2 million open-bore MRI the hospitall just bought makes Roxboroughg the only medical center in Philadelphia with theToshibas machine, which is larger and more open than traditionao magnetic-resonance imaging devices.
“When you are layiny there and the magnet is three inches fromyour it’s hard not to feel a littles claustrophobic,” Souaid said, referring to standar d MRIs. Souaid said the compant was able to acceleratre its spending plan for Roxborough afteer deciding not to holdonto , a second hospital it acquired from Tenef last year. Solis was forme d specifically to buy thetwo hospitals. Shortlyh after the deal for bothhospitals closed, Solia officials sat down with representatives of which had talked to Tenet about buying Warminster. “Wer wanted to share our plansx for the hospital and talk about ways we could work Souaid said.
“As a surprise to us, Abingtob came back two weeks later and offered to buy the The offerwas fair. At no point did we put the hospitap onthe block.” Souaid declinerd to comment on whether the hospital had any plans to broadenb its reach by establishing outpatienrt centers away from its land-locked campus on Ridge Avenur but hinted an announcement related to such a strategy coul d occur later this month. Roxborough Memorial expect s to finish 2008 with earningsbefore interest, depreciationb and amortization in excess of $4 million. It has budgetedd for those earnings to grow by 20 percent next year.
Friday, April 29, 2011
Wednesday, April 27, 2011
Pawlenty proposes $2.7B unallotment - Memphis Business Journal:
ujunyp.blogspot.com
Pawlenty’s cuts, made through a processz called unallotment, are intended to clos e a $2.7 billion gap in the statee budget left after an impassebetween Pawlenty, a and the DFL-controlled Legislature. Pawlenty’w proposed measures include $300 millioh in cuts to local-government aid and $236 million in human-servicesa spending. Pawlenty’s plan also uses an accounting maneuveer tocreate $600 million in one-time savings through school-districtt budgets. “Minnesotans and people all acrosds the country have tightenedtheir belts, it’s very reasonable for the statse of Minnesota to do the Pawlenty said at a press conferencd Tuesday.
“The alternative was to dramatically raise taxe s to incomes and businesses and that was goingy to have verynegative consequences.” Democrats in the Legislaturer had proposed a mix of cuts and tax hikes during the session; Pawlentyh vetoed the tax-hike plans. Rep. Margaret Anderson DFL-Minneapolis and speaker of the House of slammed Pawlenty's cuts. "In just undee an hour today, Gov. Pawlenty has done more damage to Minnesotqa than he has throughout hisentirde career. The deep cuts he proposex are one more rejection of the fair combinationh of cuts and revenue preferrer by Minnesotans and passed by the she said ina statement. $1.
8 billiob in K-12 education paymentg deferralsand adjustments, $300 million in cuts to loca l government aid and creditsa to cities and townships, $236 milliomn in cuts to human-services spending, $169 million in cuts to administrativre offices, $100 million reduction of higher-education appropriations, $33 millionn in cuts to most statd agency operating budgets. See the entire list of unallotmenfmoves . The unallotments were recommended by Minnesotaw Budget CommissionerTom Hanson. The propose unallotments will be presented to the Legislative Advisorgy Commissionon Thursday.
Pawlenty and Hanson coulc incorporate suggestions from statelegislators — they don’t have any powedr to change them — before finalizing the The cuts will start at the beginning of the state’sz fiscal year July 1. Lawrence Massa, president of the , said a smalkl portion of the $236 millionn in health and humanh services cutsaffected hospitals. But that didn’t mitigatre the roughly $380 million fundinfg cut hospitals are facing from a line item veto Pawlent made lastmonth — a cut he expandefd by another $15 million on Tuesday.
The funding cut, whicuh takes effect March 1, 2010, involvesd the state’s General Assistance Medicao Care program servingthe poor. Massa said the associatiojn hopes to still get some funding restored forthe program, whicyh is especially crucial for trauma care hospitalsd such as Hennepin County Medical Center in Minneapolies and Regions Hospital in St. Paul. But Massa said there’xs a great deal of uncertainty as hospitals start planning their budgets fornext year. HCMC alone is now facing a total $79.
7 million in state funding reductiones during the upcoming biennium a situation that has helped cause at the health The hospital and clinics chain said in a statement that it needede to work with state leaders tofind solutions.
Pawlenty’s cuts, made through a processz called unallotment, are intended to clos e a $2.7 billion gap in the statee budget left after an impassebetween Pawlenty, a and the DFL-controlled Legislature. Pawlenty’w proposed measures include $300 millioh in cuts to local-government aid and $236 million in human-servicesa spending. Pawlenty’s plan also uses an accounting maneuveer tocreate $600 million in one-time savings through school-districtt budgets. “Minnesotans and people all acrosds the country have tightenedtheir belts, it’s very reasonable for the statse of Minnesota to do the Pawlenty said at a press conferencd Tuesday.
“The alternative was to dramatically raise taxe s to incomes and businesses and that was goingy to have verynegative consequences.” Democrats in the Legislaturer had proposed a mix of cuts and tax hikes during the session; Pawlentyh vetoed the tax-hike plans. Rep. Margaret Anderson DFL-Minneapolis and speaker of the House of slammed Pawlenty's cuts. "In just undee an hour today, Gov. Pawlenty has done more damage to Minnesotqa than he has throughout hisentirde career. The deep cuts he proposex are one more rejection of the fair combinationh of cuts and revenue preferrer by Minnesotans and passed by the she said ina statement. $1.
8 billiob in K-12 education paymentg deferralsand adjustments, $300 million in cuts to loca l government aid and creditsa to cities and townships, $236 milliomn in cuts to human-services spending, $169 million in cuts to administrativre offices, $100 million reduction of higher-education appropriations, $33 millionn in cuts to most statd agency operating budgets. See the entire list of unallotmenfmoves . The unallotments were recommended by Minnesotaw Budget CommissionerTom Hanson. The propose unallotments will be presented to the Legislative Advisorgy Commissionon Thursday.
Pawlenty and Hanson coulc incorporate suggestions from statelegislators — they don’t have any powedr to change them — before finalizing the The cuts will start at the beginning of the state’sz fiscal year July 1. Lawrence Massa, president of the , said a smalkl portion of the $236 millionn in health and humanh services cutsaffected hospitals. But that didn’t mitigatre the roughly $380 million fundinfg cut hospitals are facing from a line item veto Pawlent made lastmonth — a cut he expandefd by another $15 million on Tuesday.
The funding cut, whicuh takes effect March 1, 2010, involvesd the state’s General Assistance Medicao Care program servingthe poor. Massa said the associatiojn hopes to still get some funding restored forthe program, whicyh is especially crucial for trauma care hospitalsd such as Hennepin County Medical Center in Minneapolies and Regions Hospital in St. Paul. But Massa said there’xs a great deal of uncertainty as hospitals start planning their budgets fornext year. HCMC alone is now facing a total $79.
7 million in state funding reductiones during the upcoming biennium a situation that has helped cause at the health The hospital and clinics chain said in a statement that it needede to work with state leaders tofind solutions.
Monday, April 25, 2011
$50M redevelopment deal set - Minneapolis / St. Paul Business Journal:
wanuso.wordpress.com
McGough's development arm plans to demolishj threesmall two-story office buildings on the site to eventually make way for a mixed-uswe development that may include a new hotel, office spaces and a light rail transit station. The towerr will be renamed BloomingtonCorporate Center. Tom McGougjh Jr., president of , said he thinkzs the prospects of a hotel development are betterd than formore offices, since the office marketr is in a slump. But, he the firm has the time to wait for the markety tocatch up. "We considert this a long-term hold.
" HealthPartners signede a new lease with McGough Development that runs more than 10 HealthPartners wanted to stay at the site because of the centrap location and proximity to light rail forits 1,2000 employees. HealthPartners instigated the building's sale by soliciting proposal s from developerslast spring. Officials knew the propertty was in receivership and that theformer owner, Fortune an affiliate of New York-Based Olnick Organization Inc., was talking to other developers, said Kathy senior vice president and chie financial officer at HealthPartners. "That causerd us to stop and say, `Was there a partner that we wanted towork " she said.
It was up to McGough Development to negotiatd the sale of the property from and from themortgage holder, Newark, N.J.-basex Prudential Insurance Co. of McGough Development boughtthe "redemption rights" to the buildin g from Olnick for $11.4 milliomn and then bought Prudential's mortgage for an undisclosed sum. Prudential bought the mortgage of the buildingh during a HennepinCounty Sheriff's sale in Februaryy for $13.5 million. Olnick lost controol of the mortgage after Ceridian left the building andOlniclk couldn't get financing to cover a $34 milliob balloon payment.
The total value of the deal is estimated atabour $50 million, according to sources familiar with the which includes a $15 million renovatioj of the building's exterior curtain wall and upgradecd elevator and security systems. HealthPartners will occupy the buildinbg throughoutthe 18-month renovationm project. McGough said he's never been in such an interesting positiomn witha project. "We didn't have a lot of McGough said. "They didn't have to sell the McGough flew to New he said, where officials in Olnick's offic asked why he was there becausr they hadn't put the buildiny up for sale. Olnick officials did not respond to requestsafor comment.
Russ Nelson, who representer HealthPartners as principalof Minneapolis-based real estatw consulting firm Nelson, Tietz & called it one of the most complexc deals he's ever worked on. "If shows what you can do with a compant that is focused and motivated like he said. The deal apparently doesn't impact pending lawsuits over the propertgy between Fortune Funding andthe building's formetr owner, Ceridian, which built the towerd in the early 1970s when the company was knowh as Control Data Corp., is bein sued by Fortune and Prudentiak for $20 million in U.S. Distric Court.
The suit claims that Ceridiahn failed to maintainthe building, which has windowas that leak during rainstorms. Ceridianm told CityBusiness in the past that the repairs were eithe r not necessary or were notits responsibility. It has filed a countersuif against Fortune, and a trial is scheduled to startythis month. Attorneys representing Ceridian andFortunr couldn't be reached for comment.
McGough's development arm plans to demolishj threesmall two-story office buildings on the site to eventually make way for a mixed-uswe development that may include a new hotel, office spaces and a light rail transit station. The towerr will be renamed BloomingtonCorporate Center. Tom McGougjh Jr., president of , said he thinkzs the prospects of a hotel development are betterd than formore offices, since the office marketr is in a slump. But, he the firm has the time to wait for the markety tocatch up. "We considert this a long-term hold.
" HealthPartners signede a new lease with McGough Development that runs more than 10 HealthPartners wanted to stay at the site because of the centrap location and proximity to light rail forits 1,2000 employees. HealthPartners instigated the building's sale by soliciting proposal s from developerslast spring. Officials knew the propertty was in receivership and that theformer owner, Fortune an affiliate of New York-Based Olnick Organization Inc., was talking to other developers, said Kathy senior vice president and chie financial officer at HealthPartners. "That causerd us to stop and say, `Was there a partner that we wanted towork " she said.
It was up to McGough Development to negotiatd the sale of the property from and from themortgage holder, Newark, N.J.-basex Prudential Insurance Co. of McGough Development boughtthe "redemption rights" to the buildin g from Olnick for $11.4 milliomn and then bought Prudential's mortgage for an undisclosed sum. Prudential bought the mortgage of the buildingh during a HennepinCounty Sheriff's sale in Februaryy for $13.5 million. Olnick lost controol of the mortgage after Ceridian left the building andOlniclk couldn't get financing to cover a $34 milliob balloon payment.
The total value of the deal is estimated atabour $50 million, according to sources familiar with the which includes a $15 million renovatioj of the building's exterior curtain wall and upgradecd elevator and security systems. HealthPartners will occupy the buildinbg throughoutthe 18-month renovationm project. McGough said he's never been in such an interesting positiomn witha project. "We didn't have a lot of McGough said. "They didn't have to sell the McGough flew to New he said, where officials in Olnick's offic asked why he was there becausr they hadn't put the buildiny up for sale. Olnick officials did not respond to requestsafor comment.
Russ Nelson, who representer HealthPartners as principalof Minneapolis-based real estatw consulting firm Nelson, Tietz & called it one of the most complexc deals he's ever worked on. "If shows what you can do with a compant that is focused and motivated like he said. The deal apparently doesn't impact pending lawsuits over the propertgy between Fortune Funding andthe building's formetr owner, Ceridian, which built the towerd in the early 1970s when the company was knowh as Control Data Corp., is bein sued by Fortune and Prudentiak for $20 million in U.S. Distric Court.
The suit claims that Ceridiahn failed to maintainthe building, which has windowas that leak during rainstorms. Ceridianm told CityBusiness in the past that the repairs were eithe r not necessary or were notits responsibility. It has filed a countersuif against Fortune, and a trial is scheduled to startythis month. Attorneys representing Ceridian andFortunr couldn't be reached for comment.
Friday, April 22, 2011
Staycations could boost state's tourism industry - Charlotte Business Journal:
ebopotohy.wordpress.com
Last year at this time, gas pricee rose to more than $4 per gallon, putting the brakese on traditional summerroad trips. Now gas is back aroune $2 a gallon, but a deep recession lingerw after putting hundreds of thousand s of Americans out of work and causingf millions more to rein inthei spending. “Gas prices are not as much of a concern right now as theoveralo economy, consumer confidence and people’s concerns about their jobs and said John Edman, who has been executive director of for the past nine Consequently, this will be a particularlyu challenging year for Minnesota operators, though there is hope that Minnesotansw who travel will do so closerr to home.
At Madden’s on Gull Lake in owner and GeneralManager C. Brian Thuringer said this has beenthe “mosft serious” of the four or five recessiones he has seen duringh his 36 years at the resort. “This is the firstt time that the bottom has reall yfallen out,” Thuringer said. “Before, there was always that feelingb that there was a slump andthingzs weren’t flowing, but tomorrow was goingh to be great. This is the first time when people don’ft really know when tomorrow is.
” A recent surveu conducted by Explore Minnesota found that 57 percenyt ofthe state’s lodging businesses saw revenue and occupancy declin e in April and May as compared to a year ago. 51 percent of Minnesota hotel and campground operatorz said they expect business to remain flat or increas this summer compared to last About 60 percent of survey respondents described the financiall health of their businessesas “growing” or but positive.” There are some concerns about decliningv rates, but overall, Edman expects this to be a relativel y strong summer for the state’s $11 billion-a-year tourisjm industry.
The state typically generatew about 37 percent ofits travel-related revenue during the months of June, July and August, and he thinks thos peak months will be busy again this “People are still going to want to Edman said. “They’re just going to travel differentlt than they did inthe past. People stilll need to get away for stress reliefc andhealth reasons.” The biggest difference this year, Edman predicts, will be wher people decide to go. He expects that most people will stay closef to home andbook shorter, less-expensivs trips within driving distance of where they live. That’s why Explore Minnesota is changing itsmarketing approach.
Typically, it spends about 80 percent of its marketing budgeyt to promote the stateto nonresidents, with the remaining 20 percentf aimed at locals; this that split is closedr to 60-40. “We don’t have oceans and we don’yt have mountains, but we do have a lot of thingz thatare unique,” Edman said. “Whetherd it’s fishing or hiking or those arerelatively low-cost activities that you can do You don’t have to go That could bode well for Minnesota resorts, as Twin Cities residentws book trips to Duluth or Brainerd, instead of venturinf on week-long, cross-country trips, said Dave Siegel, president and CEO of Hospitality Minnesota, whicj oversees the state’s restaurant, lodging, and resort and campground “I think it’s going to be a good he said.
“… I’m not projectingf an increase, but I expect [resorts] to hold their own.” Campingv and fishing also could see a boosyt in popularitythis year, Siegel Meanwhile, officials at convention and visitors bureau, Meet remains “cautiously optimistic” about businesx this summer, said President and CEO Melvin Tennant. “s lot of our hospitality-industry executives believd we’ve either hit bottojm or are close to hitting and that from thispoint on, we’re going to be able to see some very modesyt growth.
… I think this summer could be very good for Meet Minneapolis advertisedits “Downtown Sizzle” which includes discount packages at 12 participatint hotels through September, with 450,000 promotional insertsx in newspapers in the Twin Duluth; Des Moines, Iowa; Fargo, N.D.; Madison, Wis.; and Winnipeg, Manitoba. Getting a true read on the summe r hospitality businessis difficult, because people are waiting longer to book theid trips. So even the northern Minnesotza resorts that anticipate a busy summerf still have numerous openings duringpeak months. “It’sz a much more last-minute vacation-planning experience,” Siegel said.
“ think that’s understandable. If peopld are nervous about their jobs or theireconomic they’re waiting until they have a greater degrede of security before they make that
Last year at this time, gas pricee rose to more than $4 per gallon, putting the brakese on traditional summerroad trips. Now gas is back aroune $2 a gallon, but a deep recession lingerw after putting hundreds of thousand s of Americans out of work and causingf millions more to rein inthei spending. “Gas prices are not as much of a concern right now as theoveralo economy, consumer confidence and people’s concerns about their jobs and said John Edman, who has been executive director of for the past nine Consequently, this will be a particularlyu challenging year for Minnesota operators, though there is hope that Minnesotansw who travel will do so closerr to home.
At Madden’s on Gull Lake in owner and GeneralManager C. Brian Thuringer said this has beenthe “mosft serious” of the four or five recessiones he has seen duringh his 36 years at the resort. “This is the firstt time that the bottom has reall yfallen out,” Thuringer said. “Before, there was always that feelingb that there was a slump andthingzs weren’t flowing, but tomorrow was goingh to be great. This is the first time when people don’ft really know when tomorrow is.
” A recent surveu conducted by Explore Minnesota found that 57 percenyt ofthe state’s lodging businesses saw revenue and occupancy declin e in April and May as compared to a year ago. 51 percent of Minnesota hotel and campground operatorz said they expect business to remain flat or increas this summer compared to last About 60 percent of survey respondents described the financiall health of their businessesas “growing” or but positive.” There are some concerns about decliningv rates, but overall, Edman expects this to be a relativel y strong summer for the state’s $11 billion-a-year tourisjm industry.
The state typically generatew about 37 percent ofits travel-related revenue during the months of June, July and August, and he thinks thos peak months will be busy again this “People are still going to want to Edman said. “They’re just going to travel differentlt than they did inthe past. People stilll need to get away for stress reliefc andhealth reasons.” The biggest difference this year, Edman predicts, will be wher people decide to go. He expects that most people will stay closef to home andbook shorter, less-expensivs trips within driving distance of where they live. That’s why Explore Minnesota is changing itsmarketing approach.
Typically, it spends about 80 percent of its marketing budgeyt to promote the stateto nonresidents, with the remaining 20 percentf aimed at locals; this that split is closedr to 60-40. “We don’t have oceans and we don’yt have mountains, but we do have a lot of thingz thatare unique,” Edman said. “Whetherd it’s fishing or hiking or those arerelatively low-cost activities that you can do You don’t have to go That could bode well for Minnesota resorts, as Twin Cities residentws book trips to Duluth or Brainerd, instead of venturinf on week-long, cross-country trips, said Dave Siegel, president and CEO of Hospitality Minnesota, whicj oversees the state’s restaurant, lodging, and resort and campground “I think it’s going to be a good he said.
“… I’m not projectingf an increase, but I expect [resorts] to hold their own.” Campingv and fishing also could see a boosyt in popularitythis year, Siegel Meanwhile, officials at convention and visitors bureau, Meet remains “cautiously optimistic” about businesx this summer, said President and CEO Melvin Tennant. “s lot of our hospitality-industry executives believd we’ve either hit bottojm or are close to hitting and that from thispoint on, we’re going to be able to see some very modesyt growth.
… I think this summer could be very good for Meet Minneapolis advertisedits “Downtown Sizzle” which includes discount packages at 12 participatint hotels through September, with 450,000 promotional insertsx in newspapers in the Twin Duluth; Des Moines, Iowa; Fargo, N.D.; Madison, Wis.; and Winnipeg, Manitoba. Getting a true read on the summe r hospitality businessis difficult, because people are waiting longer to book theid trips. So even the northern Minnesotza resorts that anticipate a busy summerf still have numerous openings duringpeak months. “It’sz a much more last-minute vacation-planning experience,” Siegel said.
“ think that’s understandable. If peopld are nervous about their jobs or theireconomic they’re waiting until they have a greater degrede of security before they make that
Wednesday, April 20, 2011
IPCC investigates after east London man dies in police custody - The Guardian
ycoguqi.wordpress.com
The Guardian | IPCC investigates after east London man dies in police custody The Guardian The IPCC's statement said: "At approximately 7.40pm on Monday 18 April 2011, police were c » |
Monday, April 18, 2011
New fat reduction procedure takes shape - WLBZ-TV
http://wwebhosts.com/avail-utility-of-autoresponders-w-hosting-accounting.html
New fat reduction procedure takes shape WLBZ-TV Cosmetic Enhancement Center of New England say's it's time to freeze fat away. The relatively new medical procedure called Zeltiq was approved by the FDA last August. Since then this cool machine has been in hot demand. Unlike other fat reduction ... |
Friday, April 15, 2011
Seventeenth Street Plaza sold to HRPT - Memphis Business Journal:
ramoledef.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estatde investment trust that owns and operates offices andindustrial buildings, paid cash for the building. The saleas price was not announced. Seventeenth Street Plaza is locateed at 122517th St., acroszs from the Tabor Center office, retail and hotek complex. It was developed by what’sa now Jones Lang LaSalle Inc. of Chicago, and was completed in 1982. Previouws owners include Equitable Real Estate InvestmentfManagement Inc. (ERE), part of the Equitabler insurance company. Australian real estate giant LendLeases Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietlgy put the building on the market inearlt 2008, asking $385 per square foot, or roughly $250 million, brokers said. Brookfield Properties Corp. of New York and Toronto had the buildinyg under contract to purchase last summerfor $225 million, but the deal was not consummatedc because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenty leased and includes Ink! Coffere and Heidi’s Brooklyn Deli outlets. It is home to the headquarterd of Molson CoorsBrewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estatde investment trust that owns and operates offices andindustrial buildings, paid cash for the building. The saleas price was not announced. Seventeenth Street Plaza is locateed at 122517th St., acroszs from the Tabor Center office, retail and hotek complex. It was developed by what’sa now Jones Lang LaSalle Inc. of Chicago, and was completed in 1982. Previouws owners include Equitable Real Estate InvestmentfManagement Inc. (ERE), part of the Equitabler insurance company. Australian real estate giant LendLeases Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietlgy put the building on the market inearlt 2008, asking $385 per square foot, or roughly $250 million, brokers said. Brookfield Properties Corp. of New York and Toronto had the buildinyg under contract to purchase last summerfor $225 million, but the deal was not consummatedc because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenty leased and includes Ink! Coffere and Heidi’s Brooklyn Deli outlets. It is home to the headquarterd of Molson CoorsBrewing Co.
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