In the Region

Main Line, Jefferson split final

The financial separation of Main Line Health and Thomas Jefferson University Hospitals is official. Jefferson is using a bridge loan to refinance $325 million in debt, leaving Main Line Health, which is the successor organization to the former Jefferson Health System, with $218 million in debt. - Harold Brubaker

Moody's: Gambling slows

Moody's Investors Service revised its outlook for casino gambling to negative from stable, citing what appears to be a "fundamental downward shift" in consumers' appetites for gambling outside the Las Vegas Strip. Moody's estimated that total U.S. gaming revenues reported by state authorities will decrease between 3 percent and 5 percent during the next 18 months. Previously, Moody's had predicted that revenue would be flat or climb by as much as 2 percent. Eleven of 15 states, including New Jersey, that have reported results for May showed declines in year-over-year revenues from gambling. Pennsylvania was among the gainers, eking out a 0.4 percent gain. - Harold Brubaker

Peco increases rebates

Peco Energy Co. recently increased rebate amounts for some high-efficiency electric appliances and heating- and air-conditioning equipment as part of its state mandate to promote energy conservation. Rebates were increased for Energy Star refrigerators, room air-conditioners, some heat pumps, furnace fans and pool pumps. Rebates are also available for customers who switch furnaces, water heaters and clothes dryers from electric to gas. The Pennsylvania Public Utility Commission approved the changes earlier this year. The utility says customers have saved $220 million in reduced energy bills and $130 million in rebates and incentives since it launched its Smart Ideas program in 2009. More information is available at or 1-888-573-2672. - Andrew Maykuth

$31.5 million for 350 apartments

Zencorr Properties, the Doylestown partnership owned by Piero Corrado, Christopher Zentgraf and Sandro Corrado, has acquired the 350-apartment Center Square Towers, also in Doylestown, in a deal valued at $31.5 million, according to a statement from SSH Real Estate. Center Square was previously owned by Aimco. The property changed hands in an arrangement under Section 1031 of the Internal Revenue Service code, typically used by investors trying to reduce federal income taxes or record them at the lower 15 percent capital gains rate. The deal is Zencorr's biggest acquisition to date; the company earlier focused on off-campus college student housing. - Joseph N. DiStefano

Sallie Mae offers credit reports

SLM Corp., also known as Sallie Mae, this summer is rolling out free access to credit scores for its student borrowers. Sallie Mae student borrowers with loans disbursed in the 2014-15 academic year are eligible and will automatically receive their FICO credit scores quarterly, according to a statement. Wilmington, Del.-based Sallie Mae is an education loan servicer and a bank. "Our goal is to have all our student borrowers eventually" receive their FICO credit scores, said a Sallie Mae spokesman, citing American Banking Association data that 56% of Americans don't know their credit scores. - Erin Arvedlund

PA business owner sentenced

Former Schuylkill Products Inc. president and CEO Joseph Nagle was sentenced Monday in federal court in Harrisburg to seven years in prison on charges he defrauded a federal program designed to increase minority participation in government contracts. - Associated Press

Princeton Healthcare settles

The Equal Employment Opportunity Commission said that Princeton HealthCare System will pay $1,350,000 that will be distributed to employees who were unlawfully terminated under its former leave of absence policies. The EEOC suit alleged the company violated aspects of the Americans with Disabilities Act and the federal Family Medical Leave Act under a prior fixed leave policy. A PHS spokesman says the hospital has always been committed to a discrimination-free workplace. - AP

PPG pays $2.3B for Comex

Pittsburgh-based paint and coatings maker PPG Industries is buying Consorcio Comex SA de CV for $2.3 billion to help bolster its architectural coatings presence in Mexico and Central America. Comex makes coatings and related products in Mexico and sells them in Mexico and Central America. PPG makes coatings, specialty materials and glass products. - AP


N.Y. towns can block fracking

New York's cities and towns can block hydraulic fracturing within their borders, the state's highest court ruled, dealing a blow to an industry awaiting Gov. Andrew Cuomo's decision on whether to lift a six-year-old statewide moratorium. The case, closely watched by the energy industry, may invigorate local challenges to fracking in other states and convince the industry to stay out of New York even if Cuomo allows drilling. Pennsylvania's highest court issued a similar ruling last year, striking down portions of a state law limiting localities' ability to regulate drillers. - Bloomberg News