In a meeting of its board today, the New Jersey Economic Development Authority moved to help businesses hurt by Hurricane Sandy and also created a new accelerator for life sciences and health care information technology firms.
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Health Care
Daiichi Sankyo’s U.S. layoffs will include 25 positions at Parsippany headquarters
Daiichi Sankyo Inc. today announced it will lay off approximately 25 employees at its Parsippany headquarters and 50 field employees across its regional U.S. offices, as well as another 225 open positions across the company, a spokeswoman told NJBIZ.
Read More »Businesses share booming out-of-network costs with employees
It's no secret that New Jersey has some of the highest health care costs in the nation, and according to a recent report, that applies even more so for care delivered outside of insurance contracts.
Read More »CMS announces bundled payment participants
One of the largest changes promised by the Affordable Care Act — how doctors and hospitals are reimbursed — is now being put into practice.
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Pfizer animal health spinoff raises 2.2B in IPO
The Madison-based animal drug spinoff of Pfizer Inc. raised $2.2 billion in its IPO on Thursday and made a strong public-trading debut on the New York Stock Exchange today.
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Prime Healthcare moves forward on New Jersey acquisitions
St. Michael’s Medical Center in Newark and Prime Healthcare entered into a nonbinding letter of intent in early December. St. Michael’s, currently part of Catholic Health East, is the third hospital Prime has targeted, after St. Mary’s and a failed attempt last year to purchase Christ Hospital in Jersey City.It was previously reported in Grapevine ...
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Innovation creates can-do culture at Campbell Soup
“From the way IDEO made innovation happen so fluidly, I learned a big business needs to make sure innovation is the focal point, not a hobby … and if you’re going to be an innovative company, you have to be comfortable firing bullets, and be ready to put money down on a cannonball,” the Campbell ...
Read More »Power 100 nightmare
I thought I was the only one who has dreams about the NJBIZ Power 100 list. But a business leader contacted me Monday to tell me about the “nightmare” he/she had about our Power 100 list on Sunday, the night before the 2013 list published. The executive said I could share the dream on this ...
Read More »Hospital repurposing could get assist through legislation
The bill, which passed the Assembly on Monday, would offer tax credits to developers that turn closed hospitals into multitenant health care facilities.
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Cooper Health System will pay 12.6 million to settle kickback allegations
The investigation was spurred by a whistle-blower’s federal lawsuit claiming Cooper engaged in improper consulting and compensation arrangements with the local physicians who served on its Heart Institute’s advisory board. The multiyear, joint federal and state probe examined how those doctors were compensated and what services they provided to Cooper in return.Allegations that Cooper had ...
Read More »French pharma research company to call Newark home
Biotrial S.A. recently purchased a 1.2-acre parcel of land in University Heights Science Park, where more than 90 incubator companies are located within the 351,000 square feet of office and research space that already has been developed. As Biotrial hopes to occupy the new building in early 2014, New York-based architecture firm Francis Cauffman has ...
Read More »In preparation for 2014, Medicare Advantage plans have ‘soft opening’
The provider-based Medicare Advantage plans are crafted around networks of “preferred” care providers in an effort to keep costs down and improve integration of care between providers.Bayonne Medical Center, Christ Hospital and Hoboken University Medical Center are offering the CarePoint Advantage plan through their parent company’s insurance group, CarePoint Health Plans. For January 2013, enrollment ...
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