WILLIAMSPORT — Susquehanna Health was featured as part of the cover story in the Oct. 19 issue of Modern Healthcare magazine. The title of the article was “Either a borrower or lender be” and focused on select hospitals that have pushed forward on capital projects because of the financial market’s recent positive direction.
The article notes, however, that “caution still rules.”
Charles Santangelo, chief financial officer for Susquehanna Health, gave details about Susquehanna Health’s $172 million bond and said that when the credit crisis began, it disrupted the hospitals’ facility projects from the outset. However, as the markets began to rebound, Susquehanna Health moved to secure bond insurance from one insurer who wasn’t handicapped by exposure to risky mortgages.
The bond offering took place in July with a projected interest of about 7.5 percent. Instead, the bonds rated A1 from Fitch and BBB+ from Standard & Poor’s priced the week of Oct. 12 at 5.9 percent. This difference is expected to save Susquehanna Health about $2.6 million a year.
Life
Healing garden part of project
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Valley experts differ on ideas for job creation
SUNBURY — When President Barack Obama gives his jobs speech Thursday night before Congress and a nation facing a 9.1 unemployment rate, he should act to lower the minimum wage and taxes, target government investments wisely, spend on long-lasting projects, or cut spending, reduce regulations and trim the size of Washington, Valley experts suggested.
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Carbs under control
Parents with a child who has Type 1 diabetes sometimes find it difficult to let go of the important responsibility to constantly check insulin levels. Just ask Doreen Giordani, of Sunbury.
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After the pounds come off
Bariatric surgery offers those who are 100-plus-pounds overweight a viable option for reclaiming their lives, a physician at Geisinger Medical Center noted.
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Accreditation awarded to hospital
Sunbury Community Hospital has earned The Joint Commission’s Gold Seal of Approval for accreditation by demonstrating compliance with The Joint Commission’s national standards for health care and safety in hospitals.
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16 years old and still growing
The more things change the more they stay the same. That's what Dr. Michael Ryan, director of pediatrics at Janet Weis Children's Hospital, in Danville, said, as he discussed the 16 year anniversary of the facility.
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Americans turn to technology to control impulses
NEW YORK — Dan Nainan can't trust himself to work at his computer without clicking on distractions, so he uses an Internet-blocking program to shut down his Web access twice a day. "I'm sorry, but try as I might, I could never, ever do this on my own," said the New York City comedian who's struggling to finish a book. "I wish I could, but I just don't have the discipline."
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Some babyproofing basics for the new year
Babies and toddlers are curious creatures. Something captures their attention — a stuffed animal, a shiny object or a noisy rattle — and they're going after it. Just make sure they aren't chasing a teddy bear on top of a dresser, the blade of a knife or a pill bottle.
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Texts, Web really do allow Santa to be everywhere
PHILADELPHIA — He sees you when you're sleeping, he knows when you're awake, and he knows how many followers you have on Twitter.
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In tough economy, Santas are suffering
ST. PETERSBURG, Fla. — Craig McTavish — a.k.a. Santa — has the beard. He has the belly. He even has a few tricks up his sleeve, like pulling up to parties on his Harley-Davidson in full Kris Kringle garb. But there's one thing he doesn't have: work.
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Soften the impact
The cold weather and snow are here, which means winter recreation enthusiasts should be armed with ways to protect themselves from traumatic head and brain injuries that are typical for the season.
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