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Chattanooga Oncology to Merge with Larger Group
Chattanooga Oncology & Hematology Associates (COHA) has signed a Letter of Intent to merge with Nashville-based Tennessee Oncology. The merger will be finalized during the next few weeks, and will create one of the largest networks of physician-owned oncology practices in the nation.
Effective January 1, 2013, COHA will change its name to Tennessee Oncology. COHA patients will have expanded access to new services and clinical trial research provided by the same physicians and staff in the same four locations that have been serving cancer patients in Chattanooga and surrounding areas since 1986.
“We are excited about this merger and what it means for the future of our practice,” said Edward Arrowsmith, M.D, President of COHA. “It is the best way for us to navigate the changing healthcare environment and remain an independent community oncology practice. Most importantly, it allows us to continue providing the best possible care and offer the most innovative cancer treatments and services.”
Tennessee Oncology has a longstanding research alliance with COHA through a strategic partnership with the Sarah Cannon Research Institute, and will now offer expanded access to clinical trials and specialized services to all COHA patients. This includes access to Tennessee Oncology’s Park Pharmacy, a full-service pharmacy dedicated to oncology and hematology medications not commonly stocked in community retail pharmacies.
“COHA initiated discussions with us several months ago, and we believe this merger is a win-win for both parties as our two practices share very similar philosophies, especially when it comes to making sure patients always come first,” said Tennessee Oncology CEO Jeff Patton, M.D. “We are both committed to advancing the science of oncology through clinical trial participation and to making sure patients have access to the same clinical trials available through academic institutions in their own communities close to their homes.”
The combined Tennessee Oncology and COHA programs will offer a comprehensive range of cancer care services including specialized oncology nursing care, laboratory services, outpatient chemotherapy, PET/CT services, and patient education and support services.
“Ultimately, this merger benefits cancer patients across Tennessee,” said Dr. Patton. “Our combined services will offer unsurpassed cancer care, cutting-edge treatments and access to more clinical trials than any other program in the state.”
For more information about Tennessee Oncology visit tnoncology.com or call 1-877-836-6662.
More Business News
Last Update on March 11, 2014 07:30 GMT
BANGKOK (AP) -- Asian stock markets steadied today after a sharp sell-off the day before.
There was a dearth of corporate or economic news for traders to digest and an insipid performance on Wall Street gave little direction either.
Most indexes were modestly higher after declining Monday on weak Chinese trade figures that reignited fears of a deeper slowdown in the world's No. 2 economy.
Benchmark U.S. crude oil rose slightly, remaining at just above $101 a barrel.
The dollar gained against the euro and fell against the yen.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Inventories and jobs news are the subjects of today's government economic data.
The Commerce Department releases its report on wholesale trade inventories for January this morning. December's report showed businesses increased stockpiles at the slowest pace since last summer. The 0.5 percent December increase followed healthy gains of 1 percent in November and 1.1 percent in October.
Also this morning, the Labor Department releases its job openings and labor turnover survey for January.
MILWAUKEE (AP) -- The job outlook is looking up for the second quarter.
ManpowerGroup's quarterly Manpower Employment Outlook Survey of employers' intentions to increase or trim back their workforce found a net increase of 13 percent.
The workforce solutions company says 19 percent of the more than 18,000 employers surveyed anticipate increasing staff levels. ManpowerGroup's Chris Layden says it's "the strongest second-quarter hiring intention since the second quarter of 2008." And Layden says expected staff reductions of four percent were the lowest in the survey's history.
Layden says the survey found a positive outlook in all 13 industry sectors, especially engineering and technology. He says the survey found that "95 percent of employers were having difficulty finding engineers."
According to Layden, the survey shows nationwide growth and "points to a little steadier job market."
BEIJING (AP) -- China's central bank governor has said Beijing might finish the process of easing controls on interest rates within two years and market forces will set the pace for use of its tightly controlled currency abroad.
Zhou Xiaochuan spoke at a news conference during the annual meeting of China's legislature, at which communist leaders have announced plans to make the economy more market-oriented and productive.
The central banker said ending controls on rates paid by banks to savers would be the last step in easing interest rate controls. He said he expects that to come in one to two years.
Zhou said the central bank wants market forces to determine the pace at which China's yuan is used for international trade and investment.
LEGALIZING MARIJUANA-FIRST TAXES
DENVER (AP) -- In the world's first accounting of a recreational pot industry, Colorado officials say the state has made roughly $2 million in marijuana taxes in January, the first month of sales.
The tax total reported Monday by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold. The state collected roughly $2.01 million in taxes.
The state legalized pot in 2012, but the commercial sale of marijuana didn't begin until January. Washington state sales begin in the coming months.
The taxes come from 12.9 percent sales taxes and 15 percent excise taxes. Voters approved the pot taxes last year. The first $40 million of the excise tax must go to school construction.
Colorado has about 160 state-licensed recreational marijuana stores, though not all were open in January.
DALLAS (AP) -- The Mt. Gox bitcoin exchange that recently collapsed in Japan has filed for U.S. bankruptcy protection to shield itself from a lawsuit seeking to repay thousands of people whose digital currency is now missing.
The U.S. filing made in Dallas late Sunday supplements a bankruptcy petition that Mt. Gox submitted in Japan at the end of last month.
Mt. Gox was once the world's largest exchange specializing in bitcoins, but now finds itself in a financial mess after losing about 850,000 bitcoins valued at $473 million, according to court documents.
Although it's based in Tokyo, Mt. Gox is opening a bankruptcy case in the U.S. in an attempt to delay a recent federal lawsuit filed in Illinois on behalf of all U.S. residents burned by the exchange's abrupt demise.
NEW YORK (AP) -- Chemicals maker DuPont says its first-quarter results could be hurt by extended cold weather and winter storms in North America and turmoil in Ukraine.
DuPont also says uncertain farming conditions may affect its results. The company did not quantify the effect of those factors.
FactSet says analysts expect DuPont & Co. to earn $1.68 per share in the first quarter.
For the full year, DuPont says those factors will be canceled out by greater global industrial production, lower agricultural expenses, and the execution of its business plan. The Wilmington, Del., company is still forecasting adjusted income of $4.20 to $4.45 per share.
Analysts expect $4.33 per share, on average.
Shares of DuPont rose 11 cents to $67.35 on Monday, then slipped 69 cents in after-hours trading.
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