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Dimock Center has a new president, CEO

The board of directors of the Dimock Center has hired Dr. Charles Anderson to be its new president and chief executive. The 56-year-old Newton resident took over on Monday for Dr. Myechia Minter-Jordan, who left the CEO’s job at the Roxbury health care organization in the fall of 2019. The Dimock Center employs more than 500 people, and has an annual budget of $43 million. Trained as a physician, Anderson has held a variety of roles during the past 25 years in the Greater Boston health care sector, including as an executive at Boston private equity firm Exaltare Capital and, previously, at the Caritas Christi hospital group, where he helped lead its transition into the for-profit Steward Health Care. — JON CHESTO



More than 1.3 million people screened by airport security on Sunday, a pandemic high

More than 1.3 million people moved through US airport security checkpoints Sunday — the most since the beginning of the pandemic, officials with the Transportation Security Administration, announced Monday. The number was still far below what it was in 2019 when more than 2.4 million people were screened on the same day. Despite recommendations by the Centers for Disease Control and Prevention that people not travel during the holiday season, December proved to be one of the busiest months at airports across the country, with the number of people screened exceeding 1 million on nine separate days. For the first three days of January, screening volumes exceeded 1 million twice, Saturday and Sunday. The TSA, as well as airports and airlines, have adopted measures to slow the spread of the coronavirus, including requiring people to wear masks and practice social distancing. The TSA said it has installed nearly 7,000 acrylic barriers at 384 airports across the country. — WASHINGTON POST



Centene to buy Magellan Health

Insurer Centene Corp. agreed to buy Magellan Health Inc., in a transaction valuing the target company at $2.2 billion, to expand further into mental-health care. Centene will pay $95 a share in cash, according to a statement on Monday, or 15 percent above Magellan Health’s closing price on Thursday. Centene is a top seller of government-sponsored health plans such as Medicaid and Medicare, and the combination will help it better integrate behavioral health into offerings, executives said. Magellan manages specialty care, including treatments for mental health and substance use disorders, for insurers and other customers. — BLOOMBERG NEWS


British gambling company turns down takeover offer from MGM Resorts International

Gambling company Entain has dismissed an 8.1 billion-pound ($11.1 billion) takeover attempt from MGM Resorts International saying the bid undervalues the UK company that’s benefiting from a surge in online betting. Under the proposed terms, Entain investors would exchange stock for six-tenths of a share of MGM and would hold about 42 percent of the combined business, the London-listed company said in a statement Monday. That tops an earlier all-cash bid made late last year, people familiar with the matter had said. Entain is behind an array of online gambling sites and brands, including Ladbrokes Coral, and Bwin, which have become increasingly attractive after the US legalized sports betting in 2018. A merger would give MGM full control of its US joint venture with Entain at a time when the industry is seeing dramatic growth. The US sports betting market alone is expected to quintuple in size to $8.4 billion by 2024, according to the consulting firm Vixio Gambling Compliance. — BLOOMBERG NEWS



Tenants want rats, bed bugs removed from bankrupt NYC apartment buildings

Tenants in bankrupt Manhattan apartment buildings affiliated with Emerald Equity Group are demanding that housing code violations including rat infestations and bed bugs be immediately addressed as part of a Chapter 11 agreement. The residents are seeking an order compelling the debtor, 203 W 107th Street LLC, to use available funds to address outstanding New York City Housing Court orders and make any urgent repairs to the buildings, according to court papers. The buildings were part of a group of apartments controlled by Emerald Equity that filed for bankruptcy last week, blaming tougher housing regulations and a tenant rent strike for their debt troubles. Emerald, led by Isaac Kassirer, pitches itself on its website as a leading real estate firm focused on multifamily rental acquisitions, with about 7,000 units across the United States, including 1,500 ’'in developing areas’' of Manhattan. Tenants living in Apartment LL2 at 230 W. 107th St. reported rats in the walls and ceiling of the whole unit, as well as a cockroach infestation in the kitchen and bathroom. The unit also has no proper fire exit, the papers said. Another renter, living in 6E, said heating pipes didn’t work properly in the kitchen or bathroom, and plumbing regularly overflowed. A tenant in 2E reported ’'rats scratching and clawing’' in the bathroom walls and multiple days without heat. — BLOOMBERG NEWS



Construction spending up in November

Spending on US construction projects increased 0.9 percent in November as strength in home building offset weakness in other parts of the construction industry. The November gain followed a bigger 1.6 percent rise in October and left construction spending up 4.4 percent through the first 11 months of 2020 compared to the same period in 2019, according to the Commerce Department. — ASSOCIATED PRESS


OPEC+ members against Russia’s bid to increase supply

The OPEC+ meeting will run into a second day after a majority of members, including Saudi Arabia, opposed Russia’s proposal for a February supply hike. Discussions will resume at 3:30 p.m. Vienna time on Tuesday, giving ministers the chance to hold bilateral talks and consult with their home governments, delegates said. The unexpected extension of talks casts doubt on the production increase of 500,000 barrels a day the market had been expecting for February. It also calls into question similar supply boosts traders had penciled in for March and April. Differences of opinion between Saudi Arabia and Russia, the two de-facto leaders of OPEC+, can make for tricky meetings. While Moscow appeared to be outnumbered on this occasion, the group typically requires a consensus among all members before concluding talks. Algeria, Nigeria, Oman, Iraq, Kuwait, and the United Arab Emirates were also in favor of holding supply steady in February, delegates said, asking not to be named because the meeting was private. Kazakhstan supported Russia’s position. — BLOOMBERG NEWS



Teledyne buys Flir Systems

Teledyne Technologies Inc. agreed to buy Flir Systems Inc. for $7.36 billion, making its biggest acquisition ever to bolster a lineup of sensors and imaging systems used in aerospace and defense. Flir’s imaging products in the battlefield and commercial markets would add to Teledyne’s lineup of space and aircraft systems. — BLOOMBERG NEWS


Applied Materials raises bid for Kokusai

Applied Materials Inc., one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for Kokusai Electric Corp. by 59 percent, citing higher valuations in a growing industry. It also extended the closing deadline by almost three months to Mar. 19. Applied said the large increase reflects improving demand for chipmaking gear and the earnings prospects for the combined entity, part of a growing trend that’s pushed up the valuations of industry companies. — BLOOMBERG NEWS