Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Pennsylvania Insurance Department Receives Amended Highmark Filing

HARRISBURG, Pa., Jan. 23, 2013 /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department today announced that UPE/Highmark submitted its second amended filing today regarding its proposed change of control, affiliation with West Penn Allegheny Health System (WPAHS) and development of its integrated delivery network.

This latest supplemental filing describes additional and significant changes in the substance of the transaction. It also reflects an amendment to the proposed affiliation agreement between Highmark and WPAHS, and describes a proposed offer by Highmark to purchase WPAHS bonds.

"Both Highmark and West Penn have extraordinary track records in serving health consumers in Western Pennsylvania," Insurance Commissioner Michael Consedine said. "As the insurance regulator, the department is charged with analyzing legal standards that look specifically at the overall effect any transaction would have on the insurance entity's financial stability, as well as any negative impact it may have on their policyholders and the public."

"Given the considerable increase in the costs associated with this transaction and the numerous and significant changes proposed, the filing will require close scrutiny to assure that the department's review meets statutory standards. We will continue to work as quickly as possible to review the transaction through a process that is transparent and provides an appropriate opportunity for public input and comment."

The latest supplemental filing describes developments that have occurred since Highmark's last significant amendments in August of 2012, including:

  • Highmark's offer to purchase the outstanding WPAHS's series 2007A bonds for cash at 87.5 percent of par amount. This could lead to payments by Highmark of $600 million or more.
  • Principal and interest payments from WPAHS will be deferred until July 1, 2015 on Highmark held bonds.
  • $50 million aggregate increase in rates to be paid by Highmark to WPAHS over five years.
  • $75 million of funding previously earmarked for medical education in the original affiliation agreement will be redirected (as a grant) to WPAHS.
  • Interest will not be payable on Highmark's loans, if WPAHS finances do not meet a specific standard.

The amended filing, public comments and related materials are available on the department's website. Visit www.insurance.pa.gov and click on "Highmark/West Penn Form A Filing."  

The public comment period remains open to afford ample opportunity for interested parties to provide written comments on this new information.

Written comments should be directed to: Robert Brackbill, Chief, Company Licensing Division, PA Insurance Department, 1345 Strawberry Square, Harrisburg PA 17120, Fax: 717-787-8557, rbrackbill@pa.gov.

Media contact: Rosanne Placey or Melissa Fox, 717-787-3289

SOURCE Pennsylvania Department of Insurance

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Today's world is a completely different place than it was in the past. Even compared to just 20 years ago, everything about the way the world runs has been totally altered. This is in large part thanks to the widespread usage of the Internet as well as other advancements in technology....
The help desk forms the backbone of IT operations for many federal, state and local government agencies. In fact, the cross-functional nature of its operation means the help desk directly impacts productivity and is an essential part of what enables an agency to meet its stakeholder ne...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as...
Commerce has become both digital and global: Online sales are expected to exceed $1.6 trillion dollars by 2020. As a customer preferred way of doing business, ecommerce offers increased selection, value, and convenience. Online shopping also offers merchants increased access to custome...
These days attacks are becoming more sophisticated and more common. Mobile devices, cloud computing and the Internet of Things have increased the number of access points that must be secured. To complicate matters, CISOs are been directed to secure system without compromising the seaml...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE