Bloomberg: Cerberus Capital Management lead bidder for Safeway
NEW YORK — New Albertsons is on its way to becoming more than 1,300 stores larger. Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter.
Cerberus is the only firm willing to swallow Safeway whole, the paper reported.
"While other private-equity firms also have expressed interest in buying the second-largest grocery chain in the U.S., they are more interested in cherry-picking assets, people familiar with the situation have said," Bloomberg reported. "Safeway is not interested in selling off pieces and would prefer to be sold in its entirety, said the people, who asked not to be identified because the process is private."
Last year, a Cerberus-led investor group agreed to acquire Supervalu’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market grocery stores in a transaction valued at about $3.3 billion.
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Telehealth is one to watch in 2014
CVS Caremark’s MinuteClinic is testing telehealth at more than two-dozen sites in California and is looking to expand the pilot to a second state.
The pilot program not only further illustrates CVS Caremark’s goal of creating a national platform to support primary care but it also speaks to larger trend playing out within the country’s healthcare landscape — telehealth.
Telehealth is going to be hot this year as it has a multiplier factor for clinics — one provider in a clinic can cover several clinics to further expand access to healthcare.
Now, an influential group of former Senators wants to know more about what telehealth can do to improve access and lower costs. And like, most areas of healthcare, there is a strong possibility that states will want to define their own rules. In fact, some lawmakers in Florida are looking into ways to ease regulatory limitations for telemedicine in an effort to increase access to care and create “a fertile ground” for the technology to be used.
The reality is that telehealth is fast becoming an integral component in the delivery of American healthcare and it will be one to watch in 2014.
WE IMPLEMENTED A TELEMEDICINE CLINIC ABOUT 4 YEARS AGO, THE DATA IS STAGGERING; NOT ONLY SAVES THE PATIENT TIME AND MONEY,BUT MOST IMPORTANTLY, ENHANCES BOTH THEIR CARE AND PATIENT/PHARMACIST RELATIONSHIP. WE HAVE DUSTED OFF THE CLINICAL ASSESSMENT SKILLS OUR PHARMACISTS ACQUIRED WHILE ATTAINING A PHARM D, REDEFINED AND EXPANDED THE ROLE THEY PLAY IN OUR CARE SETTING. THIS BUSINESS IS STILL ALL ABOUT THE TRUST AND RELATIONSHIP!
Yankee Candle adds to Relaxing Rituals line
SOUTH DEERFIELD, Mass. — The Yankee Candle Co. announced the addition of a new fragrance blend to its Relaxing Rituals line. The fifth scent, which the company named Uplift, was created with a blend of grapefruit, lemon and ginger.
"Establishing a routine to take time for you is an essential part of living a healthy lifestyle," said Hope Margala Klein, EVP, brand, design and innovation for Yankee. "Our new Uplift fragrance allows customers to start the season off feeling refreshed and invigorated."
The fragrances in the Relaxing Rituals line are available in two candle forms as well as in a reed diffuser and a warming oil kit. The collection is available now at more than 500 Yankee Candle retail stores, YankeeCandle.com and in select specialty retailers.
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