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CORNING INCORPORATED SAYS FRANKLIN HEALTH GROUP UNIT CHANGES NAME TO CORNING FRANKLIN HEALTH.


CORNING, N.Y.--(BUSINESS WIRE)--JULY 24, 1995--Corning Incorporated (NYSE NYSE

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) today said that its Franklin Health Group is changing its name to Corning Franklin Health effective immediately. Corning Life Sciences Inc., a wholly-owned subsidiary of Corning, acquired Franklin Health Group in February, 1995.

Specializing in disease management, Corning Franklin Health is dedicated to bringing the best medical care to people with serious illness -- about 5% of the patient population -- that drive approximately 60% of health care costs. These complex diseases include cancer, HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome , prematurity and chronic diseases. The company's current client base includes Fortune 200 companies from such industry sectors as manufacturing, banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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, retail, entertainment and communications. Corning Franklin Health is currently based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351.

Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now
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, M.D., Chief Executive Officer of Corning Franklin Health, "As Corning Franklin Health leads the way in the next generation of managed care, there are important benefits not only in sharing the Corning name but in taking full advantage of its insights into disease through its diagnostic and clinical research operations, Corning Clinical Laboratories and Corning Pharmaceutical Services."

"Corning Franklin Health is an important platform in furthering Corning Life Sciences' long-term strategy. Our objective is to provide seamless disease management solutions that leverage our world- class diagnostic expertise at Corning Clinical Labs and Corning Nichols Institute, and also interface with the drug development resources of Corning Pharmaceutical Services," said Van Campbell, Vice Chairman of Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works.  and Chairman of Corning Life Sciences.

Corning Incorporated is a Fortune 500 company which reports its financial results in four segments: specialty materials, communications, laboratory services, and consumer products. For 1994, revenues totaled $4.8 billion.

CONTACT: Todd Fogarty

Corning Incorporated

607-974-8206
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 24, 1995
Words:283
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