Please ensure Javascript is enabled for purposes of website accessibility

Health Care

Aetna launches new doctor incentive program

A major health insurer is giving New Jersey doctors more money to provide a holistic approach to care. Aetna has launched a new Patient-Centered Medical Home program aimed at rewarding doctors who meet guidelines designed to improve patient health and reduce hospitalizations. The program is being rolled out first in New Jersey and Connecticut, but ...

Read More »

Watson again taps EDA for global RD center in North Brunswick

Citing a positive experience when relocating its headquarters to Parsippany, Watson Pharmaceuticals Inc. announced Monday the company will open a new global research and development center in North Brunswick with the help of the Economic Development Authority. The company signed a 32,000-square-foot lease in the EDA’s Technology Centre of New Jersey, and will immediately begin ...

Read More »

Hackensack UMC latest to apply for ACO

Hackensack University Medical Center became the latest New Jersey care provider to apply for an accountable-care organization with the Centers for Medicare and Medicaid Services today. HUMC applied for the creation of the ACO with 122 physicians, centered around five physician offices. If accepted, the ACO would begin operations on April 1. “At Hackensack UMC, ...

Read More »

For biotech CEO, N.J. location is a must to lead turnaround

A few months after leaving his home state of New Jersey to become CEO of a small Texas biotech firm, Paul Thomas sat down with LifeCell Inc.‘s board of directors to have a frank talk. The company’s regenerative medicine technology was everything Thomas had hoped for, but to reach the technology’s commercial potential, he would ...

Read More »

Packing his bags

While in talks with Chris Christie about becoming the governor-elect’s chief of staff two years ago, Richard Bagger downloaded a job description from the website of the National Governors Association. The document lists the many hats a chief of staff must wear — including chief strategist, crisis coordinator and headhunter. At the end is a ...

Read More »

Celgene purchases Mass. biotech in 350M cash deal

Summit-based biotech firm Celgene Corp. announced today it will buy privately held biotechnology company Avila Therapeutics Inc., of Bedford, Mass., for $350 million in cash, plus up to $575 million more in milestone payments. Avila’s research and development platforms will complement Celgene’s work in hematology and immune inflammatory diseases, which is a growing area at ...

Read More »

Christie backs UMDNJ overhaul Barer sees research, business benefits to mergers

Gov. Chris Christie today endorsed a major overhaul of the University of Medicine and Dentistry of New Jersey and Rutgers University. The changes would improve the state’s research climate, as well as business-university ties, according to Sol Barer, chairman of the advisory committee that recommended the changes. The UMDNJ committee report recommended focusing UMDNJ in ...

Read More »

Watson pays nearly 400M for Australian maker of generic drugs

Parsippany-based Watson Pharmaceuticals Inc. on Tuesday became a major player in the southeast Asian and Australian generic drug markets with an acquisition valued at more than $393 million. Watson said Tuesday it has acquired Ascent Pharmahealth Ltd., the generic arm of Strides Arcolab Ltd. The deal instantly makes Watson the fifth-largest generic drugmaker in Australia ...

Read More »

RWJ inks joint venture for outpatient center

Robert Wood Johnson University Hospital said Tuesday it will convert its outpatient department into a physician joint venture, in partnership with Regent Surgical Health. The new model allows local surgeons to become partners in the hospital’s ambulatory surgical pavilion, which opened in 2010. In a statement announcing the move, Paul Storiale, the hospital’s senior vice president ...

Read More »

Atlantic Health applies to form regional accountable-care organization

Atlantic Health System today announced it has submitted an application to create a regional accountable-care organization, in hopes of participating in the Centers for Medicare and Medicaid Services’ shared savings program. Called ACOs, accountable-care organizations represent a new approach to health care delivery that seeks to coordinate medical care, engage patients in their own wellness, ...

Read More »