Daniel J. O'Connor said promising technology and first-rate personnel is what attracted him to joining Princeton biotech Advaxis Inc. in January. So when O'Connor was named CEO Tuesday seven months after joining the company as a vice president, he was grateful for the board of directors' endorsement.Read More »
Critics of major hospital mergers say they have a history of driving up health care costs, as big health systems use their marketplace leverage to get higher rates from insurers.Read More »
Two years ago, the Hackensack University Medical Center system had revenues of about $1.1 billion.
But that wasn't enough for CEO Robert Garrett, who saw an opportunity to cement its leadership role and a need to expand to survive changes in the 2010 health care reform law.
Working with patients who have dementia or Alzheimer's disease is one of the toughest parts of the job at Sage Eldercare, an agency serving the elderly in Union, Essex, Morris and Somerset counties, said Deanna Butters, director of the adult day program at Sage.Read More »
The two specialized hospitals that provide long-term acute care have merged to create the expanded and renamed Specialty Hospital of Central Jersey, a hospital-within-a-hospital that has now doubled in size to 50 beds on two floors within Kimball Medical Center, in Lakewood.Read More »
Madison-based Quest Diagnostics announced Tuesday its board has increased stock repurchase authority by $1 billion, bringing total authorization to about $1.3 billion.Read More »
Elmwood Park-based BioReference Laboratories Inc. announced today it is acquiring the services business of Edge BioSystems. The acquired business is primarily a genetic sequencing service based in Gaithersburg, Md.Read More »
Boonton-based Enteris BioPharma announced today the appointment of Timothy J. Saxon as vice president for business development.Read More »
New Brunswick-based Johnson & Johnson announced it has successfully completed its acquisition of Aragon Pharmaceuticals Inc. The deal closed for $650 million in cash upfront, with the potential for an additional $350 million in future milestone payments, spokesman Al Wasilewski said today.Read More »