NovaCare ponders turning one company into two

Article Abstract:

NovaCare Inc. CEO Tim Foster announced that the company's outpatient rehabilitation clinics and its Medicare-dependent skilled-nursing services could be spun off into separate firms or could become independent firms through a "carve-out." A couple of Wall Street investment bankers, Wasserstein Perella & Co. and Salomon Smith Barney have been delegated by King of Prussia, PA-based NovaCare to recommend means on how to best proceed with its plans. Foster stressed that the company believes that its outpatient rehabilitation and the Medicare segment should be run and promoted differently since they are two separate businesses.

Comment:

Says its outpatient rehabilitation clinics and Medicare-dependent skilled-nursing services can be spun off into separate firms

Strategy & planning, Medical Services NEC, Other Ambulatory Health Care Services, Medical care, NovaCare Inc., Article

---

DisneyQuest coming to Market Street

Article Abstract:

Walt Disney, along with Philadelphia city officials and a private developer, is expected to unveil a major development project that will have as its centerpiece a five-story DisneyQuest theme park. The project will be developed on Market Street East. The street will most likely be transformed from a retail store thoroughfare into one containing an entertainment center with a Mickey Mouse facade. The center is scheduled to be opened in the summer of 2000.

Comment:

To unveil major entertainment center development project in Philadelphia

Facilities & equipment, Amusement and Theme Parks, Theme Parks, Abstract, Walt Disney Co., Amusement parks, DIS

---

Health care revives Johnstown region

Article Abstract:

Conemaugh Health System, a sprawling network of hospitals and other facilities is playing a key role in the health care boom in Johnstown. The rise in health spending has helped power the economy with creation of more jobs for the economy.

Forecasts, trends, outlooks, Health Care and Social Assistance, Services information, HEALTH SERVICES, Medical Facilities & Planning, Economic aspects, Services, Forecasts and trends, Community health services, Health facilities, Market trend/market analysis, Medical care, Cost of, Health care costs

Similar abstracts:

• Abstracts: Populist challenge for Blanco. Health care on agenda. More than right to vote
• Abstracts: Canceled contract reduces Pa. firm's earnings. Health-care firm looks to the long term. HMOs posted losses totaling $768 million last year, study finds
• Abstracts: DQE gives NRC details on N-plant. Breaking up may be hard to do

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.