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The [Wednesday] Papers

MythBusters Exhibit Coming To Chicago.

What, the one about Daley being a great mayor? I think that exhibit has already been on display since Rahm Emanuel took office and learned what a mess had been bequeathed to him.

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See also: Has Rahm Emanuel Indirectly Acknowledged Daley Was A Failure?

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And: "Without mentioning Daley by name, Emanuel pointed the finger of blame at his predecessor for a decade of deficit spending."

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Plus: After Months Of Being The Whipping Boy, Daley Gives Mayor Emanuel The Finger

Making Millions The American Way
"In a damning new report, experts from the University of Illinois at Chicago paint a grim portrait of conditions at a Chicago psychiatric hospital, describing an environment of chaos, physical attacks and sexual assaults that regularly puts its young patients in harm's way," the Tribune reports.

"The report, released Tuesday by the state Department of Children and Family Services, found that Hartgrove Hospital, on Chicago's West Side, often was understaffed and over capacity - a dangerous combination that created opportunities for frequent attacks by patients on other patients and hospital staff."

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"In a statement, officials from Universal Health Services Inc., the Pennsylvania-based parent company of Hartgrove, said: 'Despite the findings in the UIC report, Hartgrove is proud of its track record and has many more success stories to its credit than the negative ones highlighted in the report.'"

We totally sexually assault fewer patients than not.

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Rick Santorum is on the board of Universal Health Services.

Or was.

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"UHS maintains one of the strongest balance sheets and is rated amongst the highest in the hospital services industry by Moody's and Standard & Poor's," the company says. "This strong capital position has enabled the company to develop and acquire many new facilities over the past few years.

"The UHS strategy is to build or purchase healthcare properties in rapidly-growing markets and create a strong franchise based on exceptional service and effective cost control. UHS owes its success to a responsive management style and to a service philosophy that is based on integrity, competence and compassion."

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"Universal Health Services, Inc. (NYSE: UHS) announced today that net income attributable to UHS was $103.6 million, or $1.04 per diluted share, during the second quarter of 2011 as compared to $65.6 million, or $.67 per diluted share, during the comparable prior year quarter," the company said in July. "After adjusting the reported results for last year's second quarter to neutralize the impact of the below-mentioned adjustments (no such adjustments were applicable to the second quarter of 2011), our adjusted net income attributable to UHS during the second quarter of 2010 was $66.7 million, or $.68 per diluted share.

"Net revenues increased 42% to $1.90 billion during the second quarter of 2011 as compared to $1.34 billion during the second quarter of 2010. The increase in net revenues during the second quarter of 2011, as compared to the comparable quarter of the prior year, was due primarily to the revenues generated at the behavioral health care facilities acquired from Psychiatric Solutions, Inc. ('PSI') in November, 2010."

We're making more money off crazy people than ever!

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And wouldn't you know it . . .

To be fair, that was published before UHS acquired them. But still . . .

"[CEO Alan Miller] said the company would benefit from a recent federal law that requires insurers to cover treatment of mental illnesses," the Philadelphia Inquirer reported last November.

"About half of UHS's revenue will now come from its nearly 200 behavioral-health facilities and schools. Miller says he wants a company that has acute-care and psychiatric hospitals. 'That was my strategy,' he said. 'It's like having two good horses.' When one isn't running well, he said, 'the other one is doing better.'"

Even if you have to whip one of them to get across the profit line.

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"Miller said some top PSI leaders would lose their jobs, but he wouldn't say how many. There will not be layoffs at hospitals, he said. There will be hiring in this region, but Miller would not say how much."

Depends on how much cheap labor we can find to replace the current workforce.

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"UHS said it expected "annual cost synergies" of $35 million to $40 million from the purchase."

Mostly from feeding patients hay.

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Our long-term prognosis looks good because people never stop getting sick!

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Can't have a for-profit health care system, folks.

John Kuczaj Is Not A Millionaire
Potential Beachwood Investor Lets Us Down.

Hideout Rocks A Million (Or So) Faces
A block party for the ages.

NFL Lets Down Millions
Fantasy season already in shambles.

Worth A Million Bucks
Cal's Neon Sign.

We Hope To Make A Million
"Announcing the Chicago Independent Ad Network, a powerful new channel for advertisers to reach Chicago's most civically engaged and influential readers. Composed of 15, local high-quality news sites, the Chicago Independent Ad Network is a digital-only network providing over one million monthly guaranteed impressions.

"Every publisher in the Chicago Independent Ad Network serves up the same size ad, 300 x 250 pixels. Also, only five advertisers a month may participate in the network, ensuring their messages stay above the clutter.

"Operated by Brown Line Media, The Chicago Independent Ad Network will go live on Tuesday, November 1 across the network, including this site.

"If you want to reach a citywide audience of influential consumers, check here for a complete list of publishers participating in the network and for our rates. To reserve your position today, contact Kathy Chapman at (773) 966-2720 or Kathy@chicagoindyads.com."

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The Beachwood Tip Line: Adifying.



Permalink

Posted on September 28, 2011


MUSIC - The Week In Chicago Rock.
TV - Trump FCC Opens Corporate Media Merger Floodgates.
POLITICS - Offshore Leaks Database.
SPORTS - Beachwood Radio: Broken Bears; Cubs' 7-Year Itch.

BOOKS - Inside The Book Of The Dead.

PEOPLE PLACES & THINGS - Lakes, Cheese & You.


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