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BRITISH DRUG COMPANY TO RUN CEDARS, 10 OTHER CANCER CENTERS.


Byline: The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Times

A big British pharmaceutical manufacturer has taken over the management of 11 cancer centers it owns in U.S. hospitals, in what analysts say is the first case of a maker of drugs actually overseeing their prescription.

Zeneca PLC, the British drug company, said the founder of its Salick Health Care unit had resigned and that it was assuming management of the unit's 11 cancer centers at American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  hospitals including Cedars Sinai Medical Center in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  and St. Vincent's Medical Center See also St. Vincent's Medical Center (Bridgeport) for the identically named hospital in Connecticut

St. Vincent's Medical Center is located in Jacksonville, Florida, and follows the mission of the Daughters of Charity in providing for its patients with
 in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

``We are unaware of anything like this elsewhere,'' said Clifford Hewitt, an analyst with Sanford Bernstein & Co., ``It is very unusual for a product company to own a service business of any kind. And this arrangement is a first.''

Some medical ethicists were troubled by what they saw as a conflict of interest since Zeneca, the world's second-largest manufacturer of cancer drugs, would now be directly overseeing patients' cancer care. And Dr. Bernard Ber·nard , Claude 1813-1878.

French physiologist noted for his study of the digestive and nervous systems.
 Salick, the founder and chief executive of the cancer clinics, said Monday that he was concerned that the new arrangement could limit the independence of physicians at the centers.

Zeneca bought a 50 percent stake in Salick Health Care in 1995 and had an option to buy the remaining shares this October. But Zeneca chose to accelerate the timetable, though few analysts anticipated that the deal would be completed so soon.
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Geographic Code:4EUUK
Date:Apr 15, 1997
Words:235
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