Health Care

May 22, 2020

NHRMC: Suitors Come Calling

By Vicky Janowski, posted May 22, 2020

The interviews have begun. Earlier this month, hospi­tal, county and community representatives involved with explor­ing New Hanover Regional Medical Center made their short list for detailed talks. Of the six health systems that submitted proposals for buying or partnering with NHRMC, three moved ahead of the rest of the pack for further due diligence, with p ...

May 22, 2020

PPD Offering $1.2B In Senior Notes

By Staff Reports, posted May 22, 2020

Wilmington-based PPD Inc. has announced the offering of $1.2 billion in senior notes, according to a news release. Jaguar Holding Company II and PPD Development L.P., both indirect wholly-owned subsidiaries of the company, upsized and finalized the terms of the offering of $500 million aggregate principal amount of 4.625% senior notes due 2025, and $700 million aggregat ...

May 21, 2020

Novant Health Partners Up With UNC In NHRMC Talks

By Vicky Janowski, posted May 21, 2020

Update: This version has been updated with additional comments from Novant Health President and CEO Carl Armato. Novant Health sweetened its deal for New Hanover Regional Medical Center on Thursday, adding a pledge from UNC to continue its ties with the Wilmington health system.   Winston-Salem-based Novant Health announced Thursday that it has signed a letter of ...

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PPP Forgiveness - What You Need To Know

Posted May 20, 2020
This article is current as of 5/20/20. The SBA has indicated that there will be constant, ongoing updates.

Many businesses have been fortunate enough to receive funds via the Paycheck Protection Program (PPP). These funds were initially disbursed as a loan, but some or all of the funds can potentially be forgiven. How much really depends upon a complex, and ever evolving se...read entire article
May 18, 2020

New Hanover County commissioners on Monday added their backing for three health systems to start developing potential letters of intent for New Hanover Regional Medical Center.   The systems – Atrium Health, Duke Health and Novant Health – were the same picks that hospital trustees and Partnership Advisory Group members unanimously chose from the si ...

May 14, 2020

BIZTALK: Atrium Health's NHRMC Proposal

By Vicky Janowski, posted May 14, 2020

Ken Haynes, Atrium Health’s greater Charlotte region president, spoke on Thursday's BizTalk about Atrium's proposal for New Hanover Regional Medical Center. Charlotte-based Atrium Health was one of six health systems that submitted pitches to either buy NHRMC or partner with the county-owned hospital. Atrium's proposal focuses on a long-term lease of t ...

May 12, 2020

BIZTALK: Duke Health's NHRMC Proposal

By Vicky Janowski, posted May 12, 2020

William Fulkerson, Duke University Health System executive vice president, spoke on Tuesday's BizTalk about Duke’s proposal for New Hanover Regional Medical Center. Durham-based Duke Health was one of six health systems that submitted pitches to either buy NHRMC or partner with the county-owned hospital. "We think we are alike organizations with the sa ...

May 8, 2020

Brunswick Hospital Receives ‘A’ Grade

By Vicky Janowski, posted May 8, 2020

The Leapfrog Group recently gave Novant Health Brunswick Medical Center an A letter grade in its spring hospital safety grades.   “At Novant Health, safety and quality are our top priorities and receiving our fifth straight ‘A’ letter grade is a reflection of our team members’ unwavering commitment to improving patient safety, quality and sat ...

May 7, 2020

Out of the six health systems that submitted proposals to buy or partner with NHRMC, the Partnership Advisory Group on Thursday evening picked three to move forward with for more due diligence.   The 21-member group voted unanimously to recommend proposals from Atrium Health, Duke Health and Novant Health. Those recommendations now will be presented to hospital t ...

May 7, 2020

PPD officials were upbeat on three major counts as they shared the company’s first-quarter financials with investors and analysts Thursday morning. Causes for optimism included PPD’s financial performance over the quarter, its likely ability to preserve business continuity through the novel coronavirus pandemic and, officials say, the degree to which PPD (NA ...

May 7, 2020

BIZTALK: Preview To Tonight's PAG Meeting

By Vicky Janowski, posted May 7, 2020

The Partnership Advisory Meeting is slated to vote on its recommendations Thursday evening for a short list of outside health systems interested in NHRMC. The group, according to its meeting agenda, will vote on two or three from the six submitted proposals for “further due diligence.” As a preview to the meeting, Business Journal editor Vicky Janowski gave ...

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