Doylestown ShopRite, local hospital pilot in-store health resource center
DOYLESTOWN, Pa. — Doylestown Hospital has teamed up with a ShopRite located here to pilot a new community outreach program called “Health Connections by Doylestown Hospital.” Health Connections will be a retail-based health resource center located within the ShopRite of Warminster in the Warminster Town Center shopping center.
Health Connections, which celebrated the grand opening on March 24, is located across from ShopRite’s in-store pharmacy. It includes a reception area with literature racks and a concierge desk, as well as a private conference space that can accommodate health screenings, individual or group meetings and more detailed educational displays. Doylestown Hospital’s Healthcare Concierge staffs the location, interacting with customers, coordinating onsite screenings and displays and helping members of the community connect with appropriate health services in the area.
The Health Connections program provides an opportunity to broaden a proactive outreach in health promotion and education to meet the needs of additional community members. Doylestown Hospital stated that it regularly schedules health screenings, lectures and awareness programs at the main Doylestown campus as well as the Health & Wellness Center in Warrington. Still, a recent Community Health Needs Assessment identified unmet needs for health promotion and education for a broader segment of the community. The survey suggested the need to offer screening and educational programs at additional locations in the community, including retail locations, the hospital stated.
“The partnership with the Cowhey Family Shop Rite of Warminster is a terrific opportunity to make health information accessible and personal for the prevention of illness, and to help residents find the appropriate care when the need arises. We hope this joint effort will help motivate the community to adopt healthier lifestyles, building on a shared vision between Doylestown Hospital and ShopRite owner Joe Cowhey,” stated Scott S. Levy, VP and chief medical officer of Doylestown Hospital.
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ABC divests Canadian distribution arm to Kohl & Frisch
VALLEY FORGE, Pa. — AmerisourceBergen on Thursday announced that it has divested its Canadian pharmaceutical distribution business, AmerisourceBergen Canada Corporation, to Kohl & Frisch Limited, a Canadian-owned national full-line distributor. ABCC represented approximately 2% of AmerisourceBergen’s total revenues.
The estimated sale price is expected to be between $80 million and $100 million, of which approximately half will be financed by AmerisourceBergen. As a result of the agreement, the Pennsylvania wholesaler expects to record an estimated loss on sale and other impairment charges of between $160 million and $180 million when it reports its quarterly results for the March quarter of fiscal 2013.
The transaction is expected to close in the third quarter of fiscal 2013, and is subject to customary closing conditions, including certain regulatory approvals. AmerisourceBergen will retain its Canadian specialty business.
Report: Private equity firms fueling clinic growth
NEW YORK — Driven by the need for consumers to have access to convenient, cost-effective and quality healthcare services, the number of walk-in health clinics has been on the rise across the country in recent years, and according to a Reuters report, private equity firms are helping to fuel the expansion.
In recent years, at least a dozen private equity firms have invested millions of dollars into urgent care clinics and several private equity executives reportedly told Reuters that they are eager for more acquisitions.
Citing Thomson Reuters data, the article states that private equity firms invested $4 billion in 2012 in health and medical services, which include urgent care, up from $3.5 billion in 2011.
One such example is WellStreet, a chain of walk-in health clinics in Georgia. According to Reuters, Aaron Money of San Francisco-based private equity firm, FFL teamed up with physician Lee Resnick to start WellStreet and, today, FFL owns 70% of the business.
Money told Reuters that he expects business to grow as health reforms under the U.S. Patient Protection and Affordable Care Act kick in.
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