FMHS profits bolster hospital reinvestment and services
FMHS executives report a 1998 profit of 14.5 million, up from 13.5 million the prior year, with about 5 million from operating revenues and the rest from investments and contributions. They say profits fund 4 million annually for new equipment, technology, and community health programs, while also supporting the Second Century Campaign Projects including Birthplace renovations and private rooms. The report notes FMHS's cost efficiency, 288 beds with 73 percent semi private, and 1998 revenue per admission of 5418.86, versus peers Mercy and Howard County General.
MENTIONED IN THIS ARTICLE
FMHS
Maryland Health Services Cost Review Commission
Frederick
Kenneth R. Coffey II
Baltimore
Washington
Mr. Coffey
Maryland
Frederick County
FMH
Coffey
PMS
Commission
Frederick Memorial Hospital
Mercy Medical Center
Howard County General Hospital
Southern Maryland
Union Memorial
Washington County Hospital
Nancy Fielder
The
Association of Maryland Hospitals and Health Systems
Ms. Fiedler
Maryland hospitals face specialty nurse shortage across state
Maryland hospitals are contending with a shortage of specialty nurses in neonatal, operating room, and ICU fields. Efforts include internship and aggressive recruiting, while hospitals cope with higher costs, competition, and aging staff.
MENTIONED IN THIS ARTICLE
Maryland
Kenneth R. Coffey II
Frederick Memorial Healthcare System
Mr. Coffey
Robert Jepson
Shady Grove Adventist Hospital
Rockville
Shady Grove
American Society For Healthcare, Human Resources Administration
American Hospital Association
US Department of Health and Human Services
Division of Nursing
Midwest
Phirin
FCNB Corp reports first quarter earnings rise
FCNB Corp of Frederick reports first quarter core earnings of 2.97 million or 30 cents per basic share, revised for 1998 acquisitions Capital Bank and Frederick Underwriters. Assets total 1.29 billion, up 19 percent, with noninterest income up 26 percent. Dividend declared at 16 cents, payable May 7 to record holders April 23. Acquisition of First Frederick Financial Corp expands market share to about 28 percent. bank operates 32 offices across Maryland District of Columbia and Virginia.
MENTIONED IN THIS ARTICLE
Fcnb Corp
Frederick
Capital Bank
The
Financial Corporation
First Frederick Financial Corp
First Bank of Frederick
Frederick County
Carroll County
A. Patrick Linton
Fcne Corp
Fcnb Corps
Linton
Fcnb Bank
Montgomery
Howard, Carroll
Baltimore
Anne Arundel
Prince George's
Maryland
District of Columbia
Fairfax County
BB&T reports earnings rise amid Main Street costs
BB&T Corp. posted a 15 percent rise in first quarter earnings to 138.4 million dollars, or 45 cents a share, from 120.4 million dollars last year, despite 10.4 million dollars in costs tied to acquiring Main Street Financial. The Winston-Salem bank outlined expansion plans into Georgia, West Virginia, Kentucky, and growth in Maryland and Virginia, reporting 37.8 billion dollars in assets and 581 offices across four states and Washington, D.C.
MENTIONED IN THIS ARTICLE
Winston-Salem
Bb&t Corp
Main Street Financial Corp
Bb&t
Georgia
West Virginia
Kentucky
Maryland
Virginia
Washington, D.C
Sandy Spring Bancorp reports higher first quarter income
Sandy Spring Bancorp the parent of Sandy Spring National Bank of Maryland Olney posted income before investment gains of 4.2 million or 44 cents a diluted share for Q1 up from 3.7 million or 38 cents a year earlier on stronger net interest income and loan growth Return on average equity rose to 15.54 percent from 14.98 percent while total assets reached 1.3 billion Deposits climbed to 964.2 million and loans to 657.4 million Stockholders’ equity grew to 110.6 million The bank also announced a 5 percent stock repurchase plan Construction is set to begin on a regional lending and sales center in Annapolis and a new Ridge office is planned.
MENTIONED IN THIS ARTICLE
Sandy Spring Bancorp
Sandy Spring National Bank of Maryland
Olney
Hunter R. Hollar
Hollar
Sandy Spring Mortgage Corp
The
Financial Corporation
Montgomery
Howard
Anne Arundel
Prince George Counties
Annapolis
Ridgewater
Manugistics Reports Major Losses Amid SEC Review
Manugistics Group Inc reported larger than expected losses for its fiscal year and fourth quarter ended February 28. The company said the SEC is reviewing its accounting and disclosure of the Promira Software Inc. acquisition valued at 68 million dollars. The fourth quarter loss was 71.2 million dollars, or 2.66 per diluted share, with 40.5 million in revenue. For the year the net loss reached 96.1 million dollars, or 3.64 per diluted share, on 177.6 million in revenue.
MENTIONED IN THIS ARTICLE
Rockville
Manugistics Group Inc
Manugistics
Securities and Exchange Commission
Promira Software Inc
Managistics
Antique shop opens in New Market
A Pennsylvania couple Sharon and David Smith opened Village Antique Shop Old To Now behind the Village Tea Room in New Market Pa. The business, housed in a location closed for two years, already runs several shops in Pennsylvania and plans a second store in Gettysburg Pa. The owners describe a varied inventory including brown ware, fishing tackle terms, and other items while inviting customers with a friendly service tone.
MENTIONED IN THIS ARTICLE
Sharon Smith
David
New Market
Pennsylvania
Village
Sharon
David Smith
Purfield
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HSM Group
Sandy Spring Bank
Wrew
Makingeasymoney.com
Post
Sds
Stp
Hiss
Gtk
Weitul
Osella Mbs Smith
Powell & Dnas
OTN Consulting
Alevael
Gregory Powell
Suzanne Dyer
SPAR
Gsnetworks.net
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