Word: investor
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Hospitals are fighting back in none-too-subtle ways. Some won't let an ASC physician-investor admit patients in their wards. And powerful health systems often use their leverage to lock physician-owned competitors out of preferred networks of insurers. Via Christi owns Kansas' largest managed-care plan; Wesley has an exclusive contract in Wichita with the state's leading insurer, Blue Cross and Blue Shield. "It's brutal competition," says David Laird, CEO of the Heart Hospital of Austin, which competes with the Texas nonprofit Seton Medical Center. "They act like they have a halo over their heads...
Bill Gates, a member of the Harvard College Class of 1977 who dropped out in his junior year, and his wife, Melinda French Gates, have formed a foundation with about $32 billion in assets. And more is on the way—investor Warren Buffett announced in June that he would add nearly $37 billion of his own fortune to the foundation’s coffers...
...Cruise's first post-Paramount professional announcement was underwhelming for a star who had generated $3 billion at the box office in his 14 years at the studio. In August, Cruise/Wagner secured a two-year financing deal with First and Goal L.L.C., an investor group headed by Daniel Snyder, owner of the Washington Redskins and chairman of the Six Flags amusement parks. Since then, Cruise seemed more interested in cheering at his kids' soccer games and planning his wedding to Katie Holmes this month in Italy than acting or deal-making...
...four takings initiatives, which are largely funded by libertarian activist Howard Rich, a New York real estate investor, are modeled on a 2004 Oregon initiative. Measure 37 effectively overturned the country's strictest planning regime, a 30-year-old law that concentrated growth in cities while protecting farmland and open space. So far, aggrieved property owners have filed 2,724 claims seeking $6.1 billion in compensation. Under the law, local authorities can "pay or waive," and so far, strapped for funds, they are mostly choosing to waive zoning rules. As a result, some Oregonians fear that sprawl will soon strangle...
...fund established by the country’s national government to provide for its aging population. The New Zealand Superannuation Fund will acquire a stake of approximately $200 million from HMC, which has owned the forest estate since December 2003. The government land, initially sold to a group of investors in 1996 for $1.3 billion, was purchased by Harvard for roughly half that amount seven years later. The 1997 Asian financial crisis had put a dent in timber prices, contributing to the investors’ financial woes. According to the initial purchase agreement, Harvard owns cutting rights in the forest...