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Overheard
Tidbits of interest.
By Times Staff and Wire Reports
Published February 13, 2007
TAMPA PEAK 10'S BUY ENLARGES ITS FOOTPRINT Peak 10 Inc. in Tampa has acquired bayMountain, a data center company in Richmond, Va. Financial details were not disclosed. The deal expands Peak 10's geographic presence to 10 data centers in seven markets. Its customers include BayCare Health System, LendingTree, Broyhill Furniture and Churchill Downs. Peak 10 now has about 135 employees. NEW YORK Blackstone to buy Pinnacle Foods Blackstone Group LP agreed to buy Pinnacle Foods Group Inc. for $2.2-billion, including debt, becoming the third private-equity firm in four years to own the maker of Duncan Hines cake mixes and Hungry Man frozen dinners. Blackstone didn't say how much debt was involved. Pinnacle has annual gross sales of about $2.1-billion. WESLEY CHAPEL Hospitals team up on expansion bid On Monday, University Community Health and Adventist Health System submitted a joint application to the state's certificate of need review to open tertiary-care facilities in central Pasco. The nonprofit alliance calls itself Pasco Pinellas Hillsborough Community Health System. A press release said the venture is targeted at northern Hillsborough and east Pasco counties. WASHINGTON Revved up revenue halves U.S. deficit The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections. The Treasury Department reported Monday that the deficit for the budget year that began Oct. 1 totals $42.2-billion, down 57.2 percent from the same period a year ago. Revenues were up 9.7 percent from a year ago. T-bill interest rises to six-year high Interest rates on short-term Treasury bills rose in Monday's auction with three-month bills rising to the highest level in more than six years. The Treasury Department auctioned $19-billion in three-month bills at a discount rate of 5.025 percent, up from 5.010 percent last week. Another $15- billion in six-month bills was auctioned at a discount rate of 4.965 percent, up from 4.955 percent last week.
[Last modified February 13, 2007, 06:19:14]
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