Integrated Health to Unveil Plan
A U.S. Bankruptcy Court hearing was scheduled for April 29 on Integrated Health Services' reorganization plan, a company spokesman said.
The Sparks, Md., nursing home chain, one of the largest in the country, has been in bankruptcy reorganization for three years. It plans to emerge from bankruptcy then be acquired by Abe Briarwood Corp. of New York. Briarwood then would contract with Trans Healthcare to operate the nursing homes. Trans Healthcare, of Camp Hill, Pa., would move its headquarters to Integrated's campus in Baltimore County.
Joel Weiden, a spokesman for Integrated, said the company plans to present a revised disclosure statement to the court next week. If the statement is approved by the court, it would be sent to creditors, who then would vote on whether to accept the reorganization plan.
-- Associated Press
Rouse Sheds Another Executive
Rouse Co., continuing to thin its executive ranks, said Jerome D. Smalley, its vice chairman and chief operating officer, retired.
Smalley, 53, has been with Rouse for 23 years and was one of the executives that turned it into a national player in the shopping-mall business. He oversaw recent expansions of the Mall in Columbia and several other malls around the country, and managed new projects such as Village of Merrick Park in Coral Gables, Fla., and Fashion Show in Las Vegas.
In a prepared statement, Rouse chief executive Anthony W. Deering said, "We do not anticipate replacing Jerry in our present structure, so this retirement enables us to reduce corporate overhead and further rationalize the organizational structure." A number of senior executives have retired from Rouse in recent months.
-- Terence O'Hara
High School Gym Gets Brighter
A group of electrical contractors recently replaced the 50-year-old lights in the High Point High School gymnasium.
Nine companies sent volunteers and donated supplies to boost the school's dim lighting by installing 360-watt super metal halides. The Chesapeake chapter of the Independent Electrical Contractors association, which organized the effort, estimated that it saved the school system $40,000.
"We wanted to replace them for some time," High Point Principal William H. Ryan said. "Our basketball coach had been asking companies to donate one light. When they offered to do the entire job, we couldn't believe it."
"We're doing this to give back to the community," said Dennis R. Thomas, president of Thomco Electric in Beltsville. "This is a project that would have been costly, and we are trying to promote our business to young people."
The electrical contractors said they are trying to draw Prince George's students into the electrical trade through the chapter's four-year apprenticeship program. The nine companies that participated in the project were: Hawkins Electric, AZ Electric, Satellite Electric, Welbourne Electric, M&S Electric, Dominion Electric Supply, Windsor Electric, Silverblatt Electric and L.T. Bowden.
-- Willie Pugh
SER Wins Big Customer
SER Solutions of Sterling has won a contract to provide the law firm Fulbright & Jaworski with its search tool SERglobalBrain. The value of the contract was not revealed.
The firm, which has offices throughout the United States, will use the software to search databases of all its work, including e-mails and attachments and litigation-related documents. The software is designed to reduce the amount of time employees spend searching databases.
SERglobalBrain also will be used to monitor Web sites and alert lawyers about depositions, transcripts and case law. Documents can be searched quickly for specific issues, sentences and even paragraphs, rather than just keywords.
-- Amy Joyce