for $130 million, the company announced Thursday.
The transaction, once it’s completed, will transfer Richmond, Va.-based Insmed’s research and production facility in Boulder to Merck. The Boulder plant’s 80 employees will be offered jobs to continue their work under Merck’s ownership, Insmed said.
Insmed geared its Boulder plant over the past 18 months to produce alternate versions of established biotech drugs.
The first Read the rest of this entry »

Friday, January 23, 2009 11:04 AM EST
CASSOPOLIS – Isolated Cass County Medical Care Facility “experienced one of its most difficult years” in 2007-2008, Administrator Merri Terborgh and Dowagiac certified public accountant Rebecca L. Moore acknowledged to the Board of Commissioners Thursday night.
A Sept. 30, 2008, audit conducted by Plante Moran chronicles alarming financial swings.
Cash decreased $451,000, from $1,971,866 on Sept. 30, 2007, Read the rest of this entry »

High interest rates and uncertainty in the bond market have forced Woman’s Hospital to halt construction of a new $350 million facility at Airline Highway and Pecue Lane, hospital officials said Monday.
Woman’s had planned to issue bonds to finance the new hospital and has been monitoring the bond market since November, said Stan Shelton, senior vice president and project manager.
Woman’s had projected its borrowing costs at Read the rest of this entry »

“The patients are doing fine,” Kelly-McGovern said. “We’re monitoring the situation and we’re in touch with both the hospital and Sunrise.”
The nature of the virus was unknown, officials said. Sara Krueger, a spokeswoman for Sunrise, said: “We have no confirmed diagnosis of Norwalk virus,” a common disease in health care facilities spread through food and human contact.
To stop the virus, Krueger said Sunrise staff cleaned the facility with disinfectant, Read the rest of this entry »

BURRILLVILLE — Bayside Family Health Care, a North Kingstown-based non-profit community health center, announced Monday that it is merging with Northwest Community Health Care, the Pascoag-based non-profit community health center that has provided services to northwestern Rhode Islanders for nearly 100 years.
The merger, which was announced yesterday afternoon at Bayside's facility in North Kingstown, was described by officials as a “win Read the rest of this entry »

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is moving forward with a $24 million forensic hospital that will replace the aging facility on the same site.
Grand Island, N.Y.-based
, which is opening a Phoenix office, is in the preliminary stages of designing the 70,000-square-foot, 80-bed replacement hospital for criminals who are sentenced to be confined for mental health treatment.
The hospital, at 25th and Van Buren streets, is run by the Arizona Department of Health Services. The secure Read the rest of this entry »

Kennedy's Family Health Services has moved into its new and expanded home.Staff and patients were able to tour the new facility following its ribbon cutting on Tuesday. The new facility has nearly doubled in size, and offers three additional examination rooms, an expanded waiting area and other features. Kennedy's Family Health Services offers family practice, OB/GYN services, internal medicine and support services.
“You can have your Read the rest of this entry »

New owner of Lakes Region Fitness, Brian Wujcik, has turned the old Tilton Barbell and Fitness gym into a new and diverse fitness center for residents of the Lakes Region.
In the last few months of Tilton Barbell and Fitness, Wujcik watched it dissipate from an office in the building where he managed his contracting business.
Wujcik opened Lakes Region Fitness in September and has been thriving since. He started with the 12 members left from Tilton Read the rest of this entry »

The long-term ‘AA+’ rating is based on Fitch’s methodology which
considers the joint probability of the failure of both a rated obligor
and a bank LOC provider. The methodology results in a rating that is up
to two notches higher than the stronger of the two credits if the
following conditions are met: (1) both entities have a rating of ‘A’ or
higher; (2) the transaction is structured such that payments from Read the rest of this entry »