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WSJ: Cerberus Capital Management willing to pay more than $9 billion for Safeway

BY Michael Johnsen

NEW YORK — Cerberus Capital Management is attempting to lock down a deal to secure Safeway as part of an acquisition that could exceed $9 billion, the Wall Street Journal reported Wednesday

Citing people familiar with the matter, the only thing standing in the way of a Cerberus acquisition of Safeway is Kroger, which has expressed interest in making its own bid for the country’s second-largest supermarket chain. As Kroger is the largest supermarket chain, antitrust risk may give Cerberus the inside track on finalizing a deal, perhaps sometime this week, according to the report. 

WSJ noted that Cerberus also made a run for the Harris Teeter chain, but lost out on that bid to Kroger, which agreed to pay $2.4 billion in the acquisition of the North Carolina grocer. 

 

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Duracell features superstar snowboarder Amy Purdy in latest video

BY Ryan Chavis

BETHEL, Conn. — Duracell released a third video for its "Trust Your Power" series, which aims to inspire by celebrating the enduring human spirit, featuring 34-year-old paralympic snowboarder Amy Purdy. In the video, Purdy shares her story and how she found inspiration in the aftermath of a tragic diagnosis.

Purdy, who is competing in the Paralympic Winter Games in Sochi, Russia, began snowboarding when she was 15 years old. At 19, she contracted bacterial meningtis, which ultimately led to the amputation of both legs, just below the knee.

“When disease took my legs, I eventually realized I didn’t need them to lead a full, empowering life,” said Purdy, who is the third athlete to appear in Duracell’s inspirational “Trust Your Power” video series, and the first double-amputee to appear on ABC’s “Dancing with the Stars.” “My goal has always been to live my life beyond limits by believing in seemingly impossible dreams and committing myself to making those dreams come true.”

The "Trust Your Power" series, including the most recent video with Purdy, can be found at YouTube.com/Duracell.

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MinuteClinic, Main Line Health ink clinical collaboration

BY Antoinette Alexander

WOONSOCKET, R.I. and RADNOR, Pa. — CVS Caremark’s MinuteClinic and Main Line Health have signed a clinical collaboration to enhance access to high-quality healthcare services at MinuteClinic locations in southeastern Pennsylvania.

Under the agreement, physicians from Main Line Health’s multi-specialty physician network, with more than 2,000 doctors, will serve as collaborating physicians for MinuteClinic locations in Chester, Delaware and Montgomery counties. The collaboration will include future clinics as part of MinuteClinic’s national expansion plan to add 150 new clinics this year and reach a total of 1,500 clinics in the United States by 2017.

In addition, MinuteClinic and Main Line Health will collaborate on patient education and disease management initiative, and will inform patients of the services each offer.

"Main Line Health is recognized nationally for delivering high-quality care and joins MinuteClinic in our commitment to bring more accessible and affordable medical services to patients in Southeastern Pennsylvania," said Andrew Sussman, president, MinuteClinic and SVP/associate chief medical officer, CVS Caremark.  "We look forward to having Main Line Health physicians collaborate with MinuteClinic’s nurse practitioners to provide quality support, teaching and back-up so MinuteClinic can provide the best care at the lowest overall cost."

"Main Line Health is committed to making health care as accessible as possible for our communities," said Jack Lynch, president and CEO of Main Line Health. "Engaging in this new partnership ensures our community has access to basic care when and where they need it, and, when more advanced care is necessary, our Main Line Health team will be available to provide appropriate treatment and an exceptional patient experience."

MinuteClinic and Main Line Health will begin to work toward integrating electronic medical record systems to streamline communication around all aspects of each individual’s care. With patient permission, MinuteClinic will electronically share medical histories and visit summaries with other facilities and physicians for an individual’s continuity of care. In the meantime, MinuteClinic will continue its standard practice of sending patient visit summaries to primary care providers via fax or mail, typically within 24 hours, with patient consent. 

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