Harold Brubaker

The new fund, called StartUP, will make investments of up to $250,000 in promising companies that have at least one founder affiliated with the University of Pennsylvania.

A woman underwent a total hysterectomy at Penn based on a cancer misdiagnosis at Lankenau Medical Center. The verdict is the largest so far this year in Philadelphia.

Temple's strategy of settling old medical malpractice cases with the help of seasoned commercial litigators is expected to pay off in the long term with lower malpractice costs.

The nonprofit had lost two of its largest contracts to provide long-term care ombudsman services for the elderly in most of Philadelphia and in Montgomery County.

Philadelphia is joining the San Francisco Bay area, Boston, and San Diego as a host of a Lilly Gateway Labs biotech incubator. The incubator is in Breakthrough Properties' building at 2300 Market St.

Separately, Tower reported a $15.9 million operating loss for the three months that ended Sept. 30.

The hospitals have seen a significant increase in patient volumes from the area that used to rely on the shuttered Crozer-Chester Medical Center and Taylor Hospital.

The loss for the three months that ended Sept. 30 included $19 million in restructuring charges. Jefferson's recently announced layoffs of 600 to 700 people were not part of that.

The healthcare job cuts come on the heels of Jefferson Health's announcement last month that it was laying of 1% of its employees, or 600 to 700 people.

An Inquirer analysis showed that profit margins in the last three fiscal years are an average of 4 percentage points lower than they were in the three years before the pandemic.