A&P files 14-day notice with FTC over Pathmark acquisition
MONTVALE, N.J. Grocer A&P announced on Monday that it has filed the 14-day notice period with the Federal Trade Commission, stating that it may consummate its acquisition of Pathmark any time after Nov. 27. It expects the deal to close in early December.
It also has reached an agreement with the FTC regarding required divestitures, and has entered asset purchase agreements with specific buyers for certain stores. The final agreement is subject to approval by the commissioners of the FTC, which it expects to obtain.
A&P operates 315 stores in six states and the District of Columbia under the trade names A&P, Waldbaum’s, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.
Health Net agrees to pay $1 million to California DMHC
LOS ANGELES Health Net of California, a subsidiary of Health Net, Inc. will be settling its administrative penalty, the company announced Friday.
In a consensual agreement with the California Department of Managed Health Care, Health Net of California will pay $1 million to the department for not disclosing certain information relating to employee compensation.
As part of the agreement, Health Net agreed to not engage in any compensation practices.
“We are sorry for any misunderstanding with the DMHC. It is important to note that we are currently abiding by the policy in the agreement,” said Jay Gellert, chief executive officer of HealthNet. ”Health care reform is aimed at solving the problem of providing universal coverage. We have supported Governor Schwarzenegger’s reform proposals from the start and they represent the best way to achieve this goal.”
Health Net is among the nation’s largest publicly traded managed health care companies.
Mayo Clinic plans second Express Care Clinic
ALBERT LEA, Minn. The Mayo Clinic is wading slowly into the convenient care industry with the expected opening early next year of its second health clinic.
According to a Mayo spokesman, it is planning to open during the first quarter a Mayo Express Care clinic at a strip mall in Rochester, Minn. It is part of a plan to open additional clinics across Mayo Health System, Mayo’s network of clinics and hospitals in communities in Iowa, Minnesota and Wisconsin.
The first such clinic, known as ALMC Express Care, opened in December 2006 in a mall in Albert Lea.
Similar to retail-based clinics like MinuteClinic and Take Care, the Mayo-affiliated clinics are staffed by nurse practitioners and physician assistants. The clinics treat about 25 conditions such as pink eye, sinus infections and strep throat. Prices range between about $49 and $59.
However, one difference is that the Mayo-affiliated clinics will likely not be embedded within retailers such as pharmacy chains or grocery outlets. As the concept expands, the clinics are likely to be situated in retail settings like strip malls.