http://wolmers.net/prep/activities_report2000_2003.html
Abbott alleges that Detroit-based GM is tryinhg to free itself from Texas law that protectws local dealers from the negative impact ofa manufacturer’s modificationh of a franchise without first giving the dealers notice of the changes and a right to protest them. GM responded to the objectioj Fridayafternoon saying: "On June 1, GM filedx for Chapter 11 bankruptcy. As such, GM is subject to the jurisdiction of the bankruptcy courtf and will obviously followthat court'e orders with respect to dealer contracts. We are not goinvg to comment on theAttorney General's press release other than to say respectfully, that we think his statementy is misplaced.
GM takes very seriously its obligation to complgy with allapplicable law." In addition, Abbott’ office claims in the official objection that GM is tryingf to get past Texas law that protects dealers from feelingt pressured to accept inventory that they would not order voluntarily. The attorney general also claimss that GM is trying to deny Texa GM dealerships the right to carrg other brands in theirt plans for anew GM.
Other allegations from Abbott’s office are that GM is trying to limitgTexas dealers’ warranty claims and is seekinfg to dodge Texas law that allowsx dealerships the right to protest the opening of another dealee if it is located within the same county or within a 15-milw radius and carries the same line-make. In a statement aboutf Texas’ objections to the federally backed GM, Abbott’sw office said, “GM is putting dealerships acrossTexasw — and thousands of their employees — at The new federally controlled GM that emergex from bankruptcy wants to be freed from Texaz laws that require it to deal fairlh with local dealerships.
Its plan will move the businesx toward a command economy model and away from a freemarketr model.”
Sunday, November 28, 2010
Friday, November 26, 2010
Tribes look beyond casinos with diverse investment strategies - Sacramento Business Journal:
steinberg-virus.blogspot.com
But tribes are betting on more than just gamblingy fortheir future. They are expanding casinos into resorts and and investingin non-gaming industrieas such as real estate, business ventured and equities. And some are usinhg casino revenue to buyancestralo lands. The started with a bingok parlor in 1985 and built it up over the yearsz toa casino, resorft and spa. It has funneled proceeds back intothe casino, with a major renovation every three to five The most recent expansion cost almost $300 and the last phase of that a golf course, is still being completed.
The tribe this monthh announced it would investalmost $300 million more to increaser the hotel accommodations, add a conference cented and another expansion of the Cache Creek has had gaming for 22 so the tribe has been investingf for a long time. It reached beyonds Cache Creek to secure income streama fromconservative investments. The Rumsey Band is the largestf ownerof state-leased properties in Ill., the state It also owns a large Texas car dealership in suburbahn Dallas. But in recent years, the tribe has been concentrating on investing closer tothe "We are analyzing the distance," tribal leader Marshalkl McKay said.
"What does a car dealershio in Texas do forus here? Does that help our own The tribe has boughtf large parcels around the casino and near the The Rumsey Band owns land it operatese itself as well as land it leases to neighboringy ranches and vintners. It has grazing walnut orchards andwine grapes, among other The tribe has emerged as the largest farmet in the valley. The tribe plans to continuse to buy land around its casino and rancheria to expandtribalp businesses, McKay said. "We are looking at bringing diversifiede investments closer tothe tribe, and to help Nativde American communities in California.
" The band in 2005 opened a gas statiomn and market near the casino, the only markeyt for miles in the Capay Valley. The tribe is also startingg to get involved in development It is a partner with Mark president ofof Sacramento, in a multi-use real estatde development project in West Sacramento. The 40-acre project will be builty into offices, residential and retail, Friedman said. "Ift is wise from the perspective of any investorto diversify. I think some of the tribews view gaming likeoil wells. It is a depleting resource, so they are making smart investmentse inother fields," Friedman said. "They reallu have become players in Sacramentkand California.
" Friedman is also a partnerd in Rocklin with the , owners of , on a 100-acre project called Orchard Creek, which will include 25 acrew of shopping, 50 acres of office park and 25 acrew of open space. Friedman, whose familu has developed projects in Sacramento for five was introduced tothe tribes. Not everyone gets such "There is a constant drumbeat from people who want the tribe to invesrtin things. It's all over the place, from development projecte and filmsto (NASCAR teams," said Doug Elmets, spokesman for the Unitec Auburn Community. Those requests are handled by severaol layersof gatekeepers, both for the for-profirt and nonprofit requests.
Only the propositions that make itto -- and then througg -- financial analysis end up goinvg to the tribe for a decision. "The tribe is judicious enough that they are investing now forthe tribe' s future many years from now," Elmetas said. "And they are doing it Eliminating debt, reclaiming land The United Auburn Community opened Thunder Valley inJune 2003. Last week, the tribe announcedr it would adda 650-room high-end conference center, 3,000-seat theater and 5,000-vehicle parking The tribe isn't saying what that investment might but industry estimates say such a complex coulf be built for $450 million to more than $1 The tribe has said it is going for a four - to five-star experience.
But tribes are betting on more than just gamblingy fortheir future. They are expanding casinos into resorts and and investingin non-gaming industrieas such as real estate, business ventured and equities. And some are usinhg casino revenue to buyancestralo lands. The started with a bingok parlor in 1985 and built it up over the yearsz toa casino, resorft and spa. It has funneled proceeds back intothe casino, with a major renovation every three to five The most recent expansion cost almost $300 and the last phase of that a golf course, is still being completed.
The tribe this monthh announced it would investalmost $300 million more to increaser the hotel accommodations, add a conference cented and another expansion of the Cache Creek has had gaming for 22 so the tribe has been investingf for a long time. It reached beyonds Cache Creek to secure income streama fromconservative investments. The Rumsey Band is the largestf ownerof state-leased properties in Ill., the state It also owns a large Texas car dealership in suburbahn Dallas. But in recent years, the tribe has been concentrating on investing closer tothe "We are analyzing the distance," tribal leader Marshalkl McKay said.
"What does a car dealershio in Texas do forus here? Does that help our own The tribe has boughtf large parcels around the casino and near the The Rumsey Band owns land it operatese itself as well as land it leases to neighboringy ranches and vintners. It has grazing walnut orchards andwine grapes, among other The tribe has emerged as the largest farmet in the valley. The tribe plans to continuse to buy land around its casino and rancheria to expandtribalp businesses, McKay said. "We are looking at bringing diversifiede investments closer tothe tribe, and to help Nativde American communities in California.
" The band in 2005 opened a gas statiomn and market near the casino, the only markeyt for miles in the Capay Valley. The tribe is also startingg to get involved in development It is a partner with Mark president ofof Sacramento, in a multi-use real estatde development project in West Sacramento. The 40-acre project will be builty into offices, residential and retail, Friedman said. "Ift is wise from the perspective of any investorto diversify. I think some of the tribews view gaming likeoil wells. It is a depleting resource, so they are making smart investmentse inother fields," Friedman said. "They reallu have become players in Sacramentkand California.
" Friedman is also a partnerd in Rocklin with the , owners of , on a 100-acre project called Orchard Creek, which will include 25 acrew of shopping, 50 acres of office park and 25 acrew of open space. Friedman, whose familu has developed projects in Sacramento for five was introduced tothe tribes. Not everyone gets such "There is a constant drumbeat from people who want the tribe to invesrtin things. It's all over the place, from development projecte and filmsto (NASCAR teams," said Doug Elmets, spokesman for the Unitec Auburn Community. Those requests are handled by severaol layersof gatekeepers, both for the for-profirt and nonprofit requests.
Only the propositions that make itto -- and then througg -- financial analysis end up goinvg to the tribe for a decision. "The tribe is judicious enough that they are investing now forthe tribe' s future many years from now," Elmetas said. "And they are doing it Eliminating debt, reclaiming land The United Auburn Community opened Thunder Valley inJune 2003. Last week, the tribe announcedr it would adda 650-room high-end conference center, 3,000-seat theater and 5,000-vehicle parking The tribe isn't saying what that investment might but industry estimates say such a complex coulf be built for $450 million to more than $1 The tribe has said it is going for a four - to five-star experience.
Tuesday, November 23, 2010
Treating ER overload - Philadelphia Business Journal:
kittredgeihuhyla1951.blogspot.com
Surveys conducted earlier this year by hospitaol groups in Pennsylvania and New Jersey found their members are expandinv and renovatingemergency departments, even as they are delaying or forgoing othef building projects until the economy recovers. Four area hospitalsw are unveiling new or expandedfemergency departments. The expansions are part of buildingtprojects — started before the recession hit — totaling more than $450 million. , whicu operates one of the busiest emergency departmentsa inSouth Jersey, is getting ready to open the firsgt phase of its expanded ED on July 1.
When the overall projectt is completed next the Camdenmedical center’s ED will grow from aboutr 6,100 square feet to 24,900 square feet and its bed counf will increase to 38 from 25. Also debutingb are EDs at and , both in Chesteer County, and an expanded ED at in Dr. Michael E. chief of emergency medicine at said the economy is only partially responsible for emergencyhroom overcrowding. “There’s this misconception EDs are overwhelmesd by peoplewho aren’t working,” Chansky said. “Cared for people with no incomedis subsidized, at least partially, by Medicaid.
The issud is the working poor, people who have jobs but make too much monet too qualifyfor Medicaid, but not enough to afforfd insurance. We are the safety net for thosew Americans.” Exacerbating the problem, he are hospital closures that are leavingf fewer EDs available to treat agrowing population. In addition, Chansky said, many hospitald — which are required by federal law to care for anybody who showss up at the door regardlessz of their ability topay — continued to struggle to efficiently have beds available for patients who are readgy to leave the ED and be admitted.
Karen Slutsky, clinical director at Cooper, noted Cooper has trief to address the problem by usinh space underused in the evenings as a temporargy holding area for patientsawaiting admission. The hospitalp also uses hallway space away fromthe ED. Slutsky said when the hospital reaches it now sends out alerts tophysicians — by meanxs of Blackberrys — urging them to expedite the discharge process for patients ready to go “You have to be creative,” she said. John Sheridan, Cooper’ s CEO, said the hospital’s emergency department was builtg toserve 25,000 patients a Last year, 56,000 people sought emergency treatmen t at Cooper.
The Joint Commission (the accreditinyg body for health-care providers) is cominyg down on hospitals that have to put their emergencgy departments on divert becausethey don’t have the capacity to handl e more patients, said Mary Ann Holt, a partnedr with IMA Consulting, which works with hospitals from its base in Chaddas Ford. That is a result, Holt said, of hospitala reducing staff levels because ofeconomifc pressures.
With fewer staffed beds available, many hospitals are more frequentlyy encountering delays in admitting patients from the emergency A change in accreditation Holt said, can impair a hospital’s standing with Medicare a large source of revenue for most “Hospitals can’t afford to have that happen,” she Holt agreed issues causing overcrowding are multifaceted, and can’t be fixed by just makingv EDs bigger. “Patients are deferring sometimes waiting to the point of requiringemergency care,” she said. “People are losiny their jobs andthe health-care so payment is an issue.
” Phoenixville Hospital’sx ED is tripling in size as part of a $90 million patientf tower being built that also includess a new intensive-care unit, medical-surgicaol unit, telemetry units and cardiac rehabilitation unit. CEO Stephen Tullman said ED visite have escalated in recent yearss because of the overall housing growth in the area especially along the Route422 corridor. “We’ve maxede out of our current space,” Tullman Paoli Hospital is getting anew ED, four timees larger than its existing one, when its $145 millionh patient-care pavilion opens next month.
Last month, the boarfd at Main Line Health, Paoli’s parent, approved plans for Paolji to seek state approval to establisha level-IIo trauma center within the new ED. Chestert County has been without a traumas center since the one at Phoenixvills Hospital closedin 2002. Pennsylvania Hospital expects to complete the fina l phase ofits $12.5 million ED expansion in August. The medicak center is tripling the size ofits emergency-cared facilities, which will have 29 treatmeng areas and a new ambulance
Surveys conducted earlier this year by hospitaol groups in Pennsylvania and New Jersey found their members are expandinv and renovatingemergency departments, even as they are delaying or forgoing othef building projects until the economy recovers. Four area hospitalsw are unveiling new or expandedfemergency departments. The expansions are part of buildingtprojects — started before the recession hit — totaling more than $450 million. , whicu operates one of the busiest emergency departmentsa inSouth Jersey, is getting ready to open the firsgt phase of its expanded ED on July 1.
When the overall projectt is completed next the Camdenmedical center’s ED will grow from aboutr 6,100 square feet to 24,900 square feet and its bed counf will increase to 38 from 25. Also debutingb are EDs at and , both in Chesteer County, and an expanded ED at in Dr. Michael E. chief of emergency medicine at said the economy is only partially responsible for emergencyhroom overcrowding. “There’s this misconception EDs are overwhelmesd by peoplewho aren’t working,” Chansky said. “Cared for people with no incomedis subsidized, at least partially, by Medicaid.
The issud is the working poor, people who have jobs but make too much monet too qualifyfor Medicaid, but not enough to afforfd insurance. We are the safety net for thosew Americans.” Exacerbating the problem, he are hospital closures that are leavingf fewer EDs available to treat agrowing population. In addition, Chansky said, many hospitald — which are required by federal law to care for anybody who showss up at the door regardlessz of their ability topay — continued to struggle to efficiently have beds available for patients who are readgy to leave the ED and be admitted.
Karen Slutsky, clinical director at Cooper, noted Cooper has trief to address the problem by usinh space underused in the evenings as a temporargy holding area for patientsawaiting admission. The hospitalp also uses hallway space away fromthe ED. Slutsky said when the hospital reaches it now sends out alerts tophysicians — by meanxs of Blackberrys — urging them to expedite the discharge process for patients ready to go “You have to be creative,” she said. John Sheridan, Cooper’ s CEO, said the hospital’s emergency department was builtg toserve 25,000 patients a Last year, 56,000 people sought emergency treatmen t at Cooper.
The Joint Commission (the accreditinyg body for health-care providers) is cominyg down on hospitals that have to put their emergencgy departments on divert becausethey don’t have the capacity to handl e more patients, said Mary Ann Holt, a partnedr with IMA Consulting, which works with hospitals from its base in Chaddas Ford. That is a result, Holt said, of hospitala reducing staff levels because ofeconomifc pressures.
With fewer staffed beds available, many hospitals are more frequentlyy encountering delays in admitting patients from the emergency A change in accreditation Holt said, can impair a hospital’s standing with Medicare a large source of revenue for most “Hospitals can’t afford to have that happen,” she Holt agreed issues causing overcrowding are multifaceted, and can’t be fixed by just makingv EDs bigger. “Patients are deferring sometimes waiting to the point of requiringemergency care,” she said. “People are losiny their jobs andthe health-care so payment is an issue.
” Phoenixville Hospital’sx ED is tripling in size as part of a $90 million patientf tower being built that also includess a new intensive-care unit, medical-surgicaol unit, telemetry units and cardiac rehabilitation unit. CEO Stephen Tullman said ED visite have escalated in recent yearss because of the overall housing growth in the area especially along the Route422 corridor. “We’ve maxede out of our current space,” Tullman Paoli Hospital is getting anew ED, four timees larger than its existing one, when its $145 millionh patient-care pavilion opens next month.
Last month, the boarfd at Main Line Health, Paoli’s parent, approved plans for Paolji to seek state approval to establisha level-IIo trauma center within the new ED. Chestert County has been without a traumas center since the one at Phoenixvills Hospital closedin 2002. Pennsylvania Hospital expects to complete the fina l phase ofits $12.5 million ED expansion in August. The medicak center is tripling the size ofits emergency-cared facilities, which will have 29 treatmeng areas and a new ambulance
Monday, November 22, 2010
Derby event focuses on bicycle - New Haven Register (subscription)
http://www.rchost.org/Optimise-Your-Domain-Registration.html
Derby event focuses on bicycle New Haven Register (subscription) DERBY รข€" The Valley is the birthplace of the bicycle, and the Derby Historical Society wants residents to know more about ... |
Saturday, November 20, 2010
AG Suthers joins in fight against GM - Denver Business Journal:
http://www.froggypumpkin.com/?ru/7
“GM should not force its dealerships here in Colorado to unfairlyh bear the burden for itspast mismanagement,” Suther s said in a statement. The attorneyss general filed an objection jointly infederal court, sayintg that GM is unfairly forcing dealerships to eitheer modify their agreements or risk being closed. Suthers also filed an objectio separately, citing a new Colorado law prohibiting auto manufacturers from threatening to cance l or not renew existing dealershil agreements if a dealershio does not agree withthe terms.
Suthersx said he’s also concerned that the sale ordedr GM seeks in its bankruptcy case could undercutthe state’xs regulation of manufacturer-dealer relationships and upsety the playing field in the industry. “Ths latitude the motion woulr give General Motors to modify its dealershil agreements potentially affects thousands of jobs in Suthers said. “It is crucial that GM not be allowedc to unfairly force dealerships to swalloeburdensome agreements.
” Fifteen GM dealerships in Colorado have been informefd they will be dropped this year, according to a list releasexd by the House Energy and Commerce Committee’xs Subcommittee on Oversight and Investigations earliedr this month. The list was basex on information providedby GM. The namew of the dealerships have not beenpublicly
“GM should not force its dealerships here in Colorado to unfairlyh bear the burden for itspast mismanagement,” Suther s said in a statement. The attorneyss general filed an objection jointly infederal court, sayintg that GM is unfairly forcing dealerships to eitheer modify their agreements or risk being closed. Suthers also filed an objectio separately, citing a new Colorado law prohibiting auto manufacturers from threatening to cance l or not renew existing dealershil agreements if a dealershio does not agree withthe terms.
Suthersx said he’s also concerned that the sale ordedr GM seeks in its bankruptcy case could undercutthe state’xs regulation of manufacturer-dealer relationships and upsety the playing field in the industry. “Ths latitude the motion woulr give General Motors to modify its dealershil agreements potentially affects thousands of jobs in Suthers said. “It is crucial that GM not be allowedc to unfairly force dealerships to swalloeburdensome agreements.
” Fifteen GM dealerships in Colorado have been informefd they will be dropped this year, according to a list releasexd by the House Energy and Commerce Committee’xs Subcommittee on Oversight and Investigations earliedr this month. The list was basex on information providedby GM. The namew of the dealerships have not beenpublicly
Friday, November 19, 2010
For Boeing, 'not bad' is good at Paris Air Show - St. Louis Business Journal:
http://91ud.com/article/Money-Advice-Runs-Low-for-Minority-Women.html
executives are making the rounds at the Paris Air Show to chat aboug how great things look out onthe horizon. In so they hope to steer the conversation away from theird lack of a singlde airplane saleso far. On the second day of the world’se oldest and most important aircraft trade show on Boeing was againshut out. At least its chieg rival, , hasn’t done much though the European aircrafrt maker was able to eke out a coupled of orders the lasttwo days. Rather than talk abourt the kindsof multi-plane deals lined up in past years, Boeinvg CEO of Commercial Airplanes Scott E.
Carson instead chose to focus on howthinge weren’t as bad as they might “At this point it appears to us that the economixc conditions have bottomed,” Carson said, adding that the company’s commercial jet division could begin growing againm as early as 2010. — The long-delayed 787 Dreamline will fly by the end of the secondquarter (though it won’t be taking to the skiex over Paris this week, as some had hoped). Jon Ostrower, of Flightglobal/Blogzs pegs the date for the firstt flight atJune 30. He cites multiple sources for the June30 date.
— Its new 747-8 freightedr plane will fly its first flight by the end ofthis — To get back into the hunt for a $35 billiomn contract to supply fuel tankers for the U.S. military, Boeing will reconfigure its 777 to increase fuel efficiency. It had previouslyy lost its tanker bid to the A350by — Also on the defense contracting the company announced Mondayg it was forming a division to oversee its unmanned aircraf programs. This year’s air show comes at a gloomy timefor aircraft. Both Boeing and Airbus have had to deal with cancellationsx of ordersfrom credit-crunched buyers.
And both have had production But Boeing has had the additiona l pressure of a strike by its machinistss within thelast year. The company has taken hits to its militarytcontracting business, with the cancellation of the F-22 and the loss of the tanked deal. And delays in getting its next-generatioj 787 Dreamliner into the air have beena high-profilwe embarrassment. So it was up to Carsoh to search outthe positive. He said his company wouls not be cutting back assembly linethis year. It will cut production of its wide-bodty 777 by 28 percent in mid-2010, and will not increasre 767 and747 production.
Airbus has cut productioh of its A320 single aisle plane and its A380 and has shelved plans to increase productionn ofits wide-body A330. Carsomn said he expects the credit crunch on airlines to ease towarcda “more normal” environment in 2010. That would be good news for and itsrival Airbus, as well. Boeing’ s boss also said that the company has a currentf order book ofaround $265 billion, which meand seven years of production, and Carson said he doesn’t expectg the credit crisis to significantly affect that. Some aerospace experts already see the logicbehinf Carson’s pitch.
“Boeing’s news was to say we think the recession’x bottoming and we’re not goiny to see cuts for 2010,” said ’s Aerospacee & Defense Industry “The fact that they didn’tg have to quietly announce cancellations was abig It’s not a bad airshow considering the gloom and doom that’as been around the industrty for the last year. For Boeing, it’s not bad, and not bad is so to speak.
” Plucker added that good, or at leastr not bad, news on the commercia l side ofthe business, wouldd be a welcome relief, given some of the defeats that Boeing has been handed in its military contractinb business – the loss of the tanker contract to the Airbusx consortium and the high-profilre curtailment of government plans to buy more F-22 fighters. “Heavebn only knows, they could use some good news,” Pluckeer said.
“Their defense side has taken areal
executives are making the rounds at the Paris Air Show to chat aboug how great things look out onthe horizon. In so they hope to steer the conversation away from theird lack of a singlde airplane saleso far. On the second day of the world’se oldest and most important aircraft trade show on Boeing was againshut out. At least its chieg rival, , hasn’t done much though the European aircrafrt maker was able to eke out a coupled of orders the lasttwo days. Rather than talk abourt the kindsof multi-plane deals lined up in past years, Boeinvg CEO of Commercial Airplanes Scott E.
Carson instead chose to focus on howthinge weren’t as bad as they might “At this point it appears to us that the economixc conditions have bottomed,” Carson said, adding that the company’s commercial jet division could begin growing againm as early as 2010. — The long-delayed 787 Dreamline will fly by the end of the secondquarter (though it won’t be taking to the skiex over Paris this week, as some had hoped). Jon Ostrower, of Flightglobal/Blogzs pegs the date for the firstt flight atJune 30. He cites multiple sources for the June30 date.
— Its new 747-8 freightedr plane will fly its first flight by the end ofthis — To get back into the hunt for a $35 billiomn contract to supply fuel tankers for the U.S. military, Boeing will reconfigure its 777 to increase fuel efficiency. It had previouslyy lost its tanker bid to the A350by — Also on the defense contracting the company announced Mondayg it was forming a division to oversee its unmanned aircraf programs. This year’s air show comes at a gloomy timefor aircraft. Both Boeing and Airbus have had to deal with cancellationsx of ordersfrom credit-crunched buyers.
And both have had production But Boeing has had the additiona l pressure of a strike by its machinistss within thelast year. The company has taken hits to its militarytcontracting business, with the cancellation of the F-22 and the loss of the tanked deal. And delays in getting its next-generatioj 787 Dreamliner into the air have beena high-profilwe embarrassment. So it was up to Carsoh to search outthe positive. He said his company wouls not be cutting back assembly linethis year. It will cut production of its wide-bodty 777 by 28 percent in mid-2010, and will not increasre 767 and747 production.
Airbus has cut productioh of its A320 single aisle plane and its A380 and has shelved plans to increase productionn ofits wide-body A330. Carsomn said he expects the credit crunch on airlines to ease towarcda “more normal” environment in 2010. That would be good news for and itsrival Airbus, as well. Boeing’ s boss also said that the company has a currentf order book ofaround $265 billion, which meand seven years of production, and Carson said he doesn’t expectg the credit crisis to significantly affect that. Some aerospace experts already see the logicbehinf Carson’s pitch.
“Boeing’s news was to say we think the recession’x bottoming and we’re not goiny to see cuts for 2010,” said ’s Aerospacee & Defense Industry “The fact that they didn’tg have to quietly announce cancellations was abig It’s not a bad airshow considering the gloom and doom that’as been around the industrty for the last year. For Boeing, it’s not bad, and not bad is so to speak.
” Plucker added that good, or at leastr not bad, news on the commercia l side ofthe business, wouldd be a welcome relief, given some of the defeats that Boeing has been handed in its military contractinb business – the loss of the tanker contract to the Airbusx consortium and the high-profilre curtailment of government plans to buy more F-22 fighters. “Heavebn only knows, they could use some good news,” Pluckeer said.
“Their defense side has taken areal
Wednesday, November 17, 2010
Sutter Health gives $1 million grant to CalRHIO - East Bay Business Times:
http://www.netook.org/WesternEurope.html
The grant from Sacramento-basedc Sutter, which jointly announced the newswith CalRHIO, also helpzs Sutter fulfill obligations made to state regulatorsw earlier this year. Officials called it part of a broaderd commitment bythe 26-hospital system to "passs along savings from tax-exempt bondse to health care consumers" in return for regulators late March approval of a nearlt $1 billion Sutter bond offering. As part of its application to the State Treasurer and the Californiaz Health Facilities Financing Authority forthe $958 milliom tax-exempt bond financing, Sutter agreed to invest "an additional $8.
5 million" in technology grants to help ruralo hospitals link up with the electronic health technologhy infrastructure, and to support community clinicz in Northern California, officialsx said Tuesday. CHFFA agreed to approve the record bond issue to pay for renovation and new equipment at six of the nonprofirhospital system's Northern California in return for Sutter's commitment to make the donations.
The authority -- the authorizinv mechanism formost health-care bond issues in the Goldehn State -- had earlier voted to delay consideratiom of the bond issue until the middle of this after the politically influential Servicr Employees International Union raised questions about the bond reportedly the state's largest hospital bond issue "This grant will help ensure rura l and small hospitals benefift from the development of this new technologica infrastructure, which is vital to improving the deliverg of health care in State Treasurer Bill Lockyer, who approvedx the contribution, said in Tuesday's "Moving rural and smalkl hospitals to electronic medical record-keeping is a primart objective of the financing agreement my office reaches with Sutter.
This grant representds a good down payment from Sutter toward fulfillingfthat commitment." CalRHIO is a nonprofitf statewide initiative, backed by some of the state's largesr health-care organizations. Its goals are to improvd health-care safety, quality and efficiency through use of informationh technology andthe secure, confidential exchange of health "This grant provides criticall funding to help CalRHIO accomplish its said Dr. Don Holmquest, CalRHIO's presidenrt and CEO.
CalRHIO is working on a statewidesystem "tio ensure that patients being seen anywhere in the regardless of where health-care services are will have the most completde information possible available to their care provider," Holmquesgt said in the June 19 statement. This is especially important for patientd with chronic diseases and in he added. Also in late CalRHIO selected IT vendors and to help it buils itsplanned $300 million health information exchang e ( joined the project in At the time, Molly Coye, one of the nonprofit group's founding boardf members and president and CEO of San Francisco's Health Technology said CalRHIO hopes to have the system' "backbone" in place within 18 months, and to complete the statewides health IT exchange "within two to three years.
" HealthTecb launched CalRHIO in early 2005, and spun it off as an independentr nonprofit a year later. In March, officials said the first step for Medicity and Pero would be to help CalRHIO procure private seed money tofund start-uop costs, including building a statewide infrastructure, integratingf existing systems into that marketing and communication costs, and CalRHIO's operatin g budget. The longer-term costs will be considerablg morethan $300 million, Coye said in spread over perhaps seven to 10 years as broadet swathes of clinical information are included. Coye said at the time that CalRHIOi had been involved in serious discussions with unnameepotential funders.
"We're working very rapidly," she The organization hopes to move into more advanced talkx about securing startup fundingof $30 million in two months or so. "We're stilkl working on it," CalRHIOO spokeswoman Karen Hunt told the San Francisco BusinessTimes "Hopefully in the next montj or so we'll be able to talk about who else we'vr brought on board."
The grant from Sacramento-basedc Sutter, which jointly announced the newswith CalRHIO, also helpzs Sutter fulfill obligations made to state regulatorsw earlier this year. Officials called it part of a broaderd commitment bythe 26-hospital system to "passs along savings from tax-exempt bondse to health care consumers" in return for regulators late March approval of a nearlt $1 billion Sutter bond offering. As part of its application to the State Treasurer and the Californiaz Health Facilities Financing Authority forthe $958 milliom tax-exempt bond financing, Sutter agreed to invest "an additional $8.
5 million" in technology grants to help ruralo hospitals link up with the electronic health technologhy infrastructure, and to support community clinicz in Northern California, officialsx said Tuesday. CHFFA agreed to approve the record bond issue to pay for renovation and new equipment at six of the nonprofirhospital system's Northern California in return for Sutter's commitment to make the donations.
The authority -- the authorizinv mechanism formost health-care bond issues in the Goldehn State -- had earlier voted to delay consideratiom of the bond issue until the middle of this after the politically influential Servicr Employees International Union raised questions about the bond reportedly the state's largest hospital bond issue "This grant will help ensure rura l and small hospitals benefift from the development of this new technologica infrastructure, which is vital to improving the deliverg of health care in State Treasurer Bill Lockyer, who approvedx the contribution, said in Tuesday's "Moving rural and smalkl hospitals to electronic medical record-keeping is a primart objective of the financing agreement my office reaches with Sutter.
This grant representds a good down payment from Sutter toward fulfillingfthat commitment." CalRHIO is a nonprofitf statewide initiative, backed by some of the state's largesr health-care organizations. Its goals are to improvd health-care safety, quality and efficiency through use of informationh technology andthe secure, confidential exchange of health "This grant provides criticall funding to help CalRHIO accomplish its said Dr. Don Holmquest, CalRHIO's presidenrt and CEO.
CalRHIO is working on a statewidesystem "tio ensure that patients being seen anywhere in the regardless of where health-care services are will have the most completde information possible available to their care provider," Holmquesgt said in the June 19 statement. This is especially important for patientd with chronic diseases and in he added. Also in late CalRHIO selected IT vendors and to help it buils itsplanned $300 million health information exchang e ( joined the project in At the time, Molly Coye, one of the nonprofit group's founding boardf members and president and CEO of San Francisco's Health Technology said CalRHIO hopes to have the system' "backbone" in place within 18 months, and to complete the statewides health IT exchange "within two to three years.
" HealthTecb launched CalRHIO in early 2005, and spun it off as an independentr nonprofit a year later. In March, officials said the first step for Medicity and Pero would be to help CalRHIO procure private seed money tofund start-uop costs, including building a statewide infrastructure, integratingf existing systems into that marketing and communication costs, and CalRHIO's operatin g budget. The longer-term costs will be considerablg morethan $300 million, Coye said in spread over perhaps seven to 10 years as broadet swathes of clinical information are included. Coye said at the time that CalRHIOi had been involved in serious discussions with unnameepotential funders.
"We're working very rapidly," she The organization hopes to move into more advanced talkx about securing startup fundingof $30 million in two months or so. "We're stilkl working on it," CalRHIOO spokeswoman Karen Hunt told the San Francisco BusinessTimes "Hopefully in the next montj or so we'll be able to talk about who else we'vr brought on board."
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