July 1, 2011
Timonium-based Mid-Atlantic Health Care LLC, which owns and operates six senior care facilities in Maryland and one in Delaware, said Friday that it bought five skilled nursing centers in Philadelphia from the NewCourtland Network for $75 million. Mid-Atlantic officials said the acquisition includes 1,200 beds, or a quarter of the Philadelphia market, and makes Mid-Atlantic one of the largest nursing companies in the region. Mid-Atlantic plans to retain NewCourtland's 1,200 employees and honor a 3 percent pay increase workers were expecting.
September 23, 1990
Philadelphia has just joined an exclusive club in having its municipal bonds downgraded to junk-bond status. The city suffers from many problems, some of which plague all big cities: Hemorrhage of jobs and citizens to the suburbs, increasing numbers of people below the poverty line and cuts in federal aid. Add huge new expenditures for public-health problems such as drugs and AIDS.Spokesmen at investment rating services say Philadelphia's economy is generally strong. And they say good things about the city's overall management.
June 17, 1994
For years, David W. Hornbeck has been angling for the toughest job in American education -- the superintendency of a large urban school system. Now he'll get his chance. If all goes well, the former Maryland state schools superintendent will be hired June 27 as head of Philadelphia's public schools.It's a job Mr. Hornbeck almost had in Baltimore three years ago, when Mayor Kurt L. Schmoke asked him to become a candidate, then abandoned him at the altar in favor of a nonsensical troika arrangement that has since fallen apart.
September 25, 1994
PHILADELPHIA -- Giant Food boss Israel Cohen didn't say "read my lips," but his message two years ago was clear: The company wasn't going to open any supermarkets in the Philadelphia area.He was wrong.A few weeks ago Giant agreed to buy a 10-acre plot in the Philadelphia suburb of Cherry Hill, N.J. A spacious, shiny "Super G" grocery store will open there next year.And Giant officials are intently scouring the Main Line, Chester and Bucks counties and other Philadelphia suburbs for more sites.
March 21, 1992
PHILADELPHIA -- Past and future did a delicate dance at the Spectrum Thursday night, and the Charlotte Hornets came away looking into a rosy tomorrow.The 76ers, 123-116 losers in overtime, are probably thinking more about their yesterdays.Having now lost four straight and six of their last seven,the Sixers, while still hanging around for the moment, are decided long shots even to make the playoffs this season. They hit the road soon, and history suggests the road will hit back."It's a very inopportune time to lose four straight, especially of the variety we have.
January 2, 1994
Following up a campaign pledge, Philadelphia Mayor Ed Rendell has launched plans for a Spoleto-like international festival of the arts to be held annually in Philadelphia, but the details -- such as when, how long, how big, exactly what -- are still to be worked out."We're still in the planning stages -- intensive planning, but planning," Mr. Rendell says.Current planning aims at September-October 1995 as the date for the first festival, but Mr. Rendell cautions that the festival might have to be delayed until the following year, depending mostly on how much money is available.