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Health Care

Survey: Most Jerseyans value ability to pick doctors, hospitals over cost of plan

Those are among the finding of the “Health Matters Poll,” the Monmouth University Polling Institute and New Jersey Health Care Quality Institute survey released Wednesday. Most insured New Jerseyans (56 percent) consider the range of available doctors and services to be more important in choosing a health care plan than the plan’s premium and co-pay costs ...

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AmeriHealth New Jersey is latest insurer to pass on ability to renew plans that have been cancelled by Obamacare

AmeriHealth New Jersey has 220,000 members in New Jersey, including 10,700 in the individual market and 96,000 in the small group market.“After much consideration about the impact on our members, we have decided to move forward with the suite of ACA-compliant health plans we have worked so diligently to create over the last several years,” ...

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Avista Capital makes majority investment in Vertical Trigen Holdings

According to the announcement, Avista is partnering with co-founders Steven Squashic, Kevin Hudy, and David Purdy, who will remain in place and retain a significant minority ownership stake in the company. Moving forward, both Vertical and Trigen will continue to offer their full existing product lines as the company pursues new opportunities for strategic growth. ...

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Everett Laboratories acquires Quinnova Pharmaceuticals

According to the announcement, the acquisition will result in the strategic expansion of Everett into the fast-growing U.S. dermatology market. As a member of the Exeltis family, the acquisition will allow Quinnova to leverage extensive resources and capabilities in research and development, marketing strategy, intellectual property and business development worldwide. This broad-based support will enable ...

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SJP Properties, Valeant Pharmaceuticals ink deal in Bridgewater

The 310,000-square-foot site at the Somerset Corporate Center complex will serve as Valeant’s U.S. headquarters, starting as soon as the first quarter of 2014, SJP said in a news release. The company also tapped the Parsippany-based developer to oversee the build-out of the new space, which is wedged between Route 22 and Route 202/206. The ...

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Doctors Express patiently on fast track for growth

Entrepreneur Albert Saad said he plans to open six Doctors Express locations over the next five years, including two in the coming months: in South Plainfield in January and West Orange in February. Saad said he has raised capital from 18 investors — nine of them physicians. And while he would not disclose the amount ...

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Hackensack ACO earns prestigious honor

The NCQA recognizes medical organizations that deliver patient-centered care to improve quality while reducing costs. In its first year, the Hackensack Physician Hospital Alliance ACO saved Medicare more than $10 million, and is one of only seven ACOs in the country to be recognized by NCQA, according to Dr. Morey Menacker, chief executive of the ...

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QRxPharma raises $10.38M in capital

According to the announcement, the capital was raised through completion of its share purchase plan to existing shareholders, totaling $3.67 million, as well as a placement to institutional investors resulting in $6.71 million in proceeds. Both transactions valued each share at 60 cents. The capital from the combined transactions will be use dot fund 2014 ...

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N.J. labs pushing to be in-state providers on state health plans

BioReference Laboratories Inc. CEO Marc Grodman said the bill, S2428, encourages competition by letting New Jersey providers, including Madison-based Quest Labs and other health sector companies, vie for services provided they meet price demands. “If we are going to let competition rule, and allow for innovation and better access, then give New Jersey entities the ...

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DermOne acquires Allentown dermatology practice

According to the announcement, the company’s acquisition of the private dermatology practice of Dr. James R. Wall adds to its rapidly growing network of neighborhood dermatology centers . Dr. Wall will continue to provide general dermatology services at his current location, but with additional resources and management services provided by DermOne.The company acquired a Virginia-based ...

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