Buffalo Business Report - Thursday, November 7th 2013
Unable to come to terms on a new agreement, WNY Immediate Care will no longer be a participating provider to BlueCross BlueShield members as of January 1st, 2014. In a statement released by BCBS, it was noted that WNY Immediate Care chose not to accept established community rates for urgent care providers in the region.
One Seneca Tower's $74.5 million mortgage has been shifted. Business First reports CW Capital Asset Management now holds that mortgage on the 38-story downtown Buffalo landmark.
McGuire Development Company has been retained by the Buffalo City Mission to begin a site search for a new home. The site search will focus on Buffalo locations. It's expected to be a 9-12 month process.
On the earnings front, Cleveland BioLabs Inc. lost nine cents per share for the third quarter. During the same quarter a year ago, the company suffered a thirty cents per share loss.