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Several Boston hospitals ranked among the best


Several Boston hospitals ranked among the best

Several Boston hospitals have been recognized as among the top in the country, according to new rankings from US News & World Report. Massachusetts General and Brigham and Women’s made the publication’s “honor roll” of top 20 hospitals, but both slipped in the rankings after US News changed the methodology by which it ranks institutions. Mass. General was ranked third in the country, after the Mayo Clinic and Cleveland Clinic. Brigham was ranked 13th. Last year, Mass. General was ranked number one and Brigham was sixth. Both hospitals are owned by Partners HealthCare of Boston, the state’s largest health system. Partners-owned Spaulding Rehabilitation Hospital was recognized for rehabilitation and McLean Hospital for psychiatry. Massachusetts Eye and Ear ranked as the country’s top hospital for otolaryngology — or ear, nose, and throat care — while Dana-Farber Cancer Institute ranked fourth in the nation for cancer care. In June, US News named Boston Children’s Hospital the top pediatric hospital in the country. The ranking system includes measures such as patient numbers, patient survival rates, infection rates, and nurse staffing. — PRIYANKA DAYAL MCCLUSKEY


inVentiv Health withdraws plan to go public

Four months after it registered for an initial public offering, inVentiv Health Inc. said Monday that it has withdrawn its plan to go public and accepted an unspecified financial investment from private equity firm Advent International Corp. Burlington-based inVentiv, which manages clinical trials for drug makers and helps them commercialize medicines, is now owned equally by Advent and Boston private equity firm Thomas H. Lee Partners, which paid more than $1 billion to buy the company in 2010, the company said. InVentiv said the investment from Advent will boost its value to $3.8 billion. The private company said it earned $343 million on sales of $2.2 billion last year and has helped develop or commercialize 80 percent of the drugs approved by the Food and Drug Administration and 70 percent approved by European regulators during the past five years. In its IPO registration, inVentiv had said it would seek to raise up to $100 million. The company, which has acquired many smaller contract research organizations in recent years, said it has about 14,000 employees around the world. — ROBERT WEISMAN



Baskin-Robbins offers mobile phone app

Ice cream lovers can now pay for any of Baskin-Robbins’ 31 flavors with the tap of a finger. The Canton-based ice cream chain launched a new iPhone and Android mobile app Monday, and is offering a free scoop of ice cream to anyone who downloads it. Baskin-Robbins, which is owned by Dunkin’ Brands, has only two Massachusetts locations inside Dunkin’ Donuts stores in Lexington and Wellesley. Mobile users will be able to add existing Baskin-Robbins gift card balances to the app, as well as have access to deals, coupons, and the menu, which can be sorted by nutritional preference. Mobile ordering is not available. — KATHELEEN CONTI



Tesla and SolarCity reach deal

Elon Musk (right) took another step in combining his electric-car company with his solar-energy company, announcing Monday that the two had reached a $2.6 billion agreement. Independent members of both boards approved a deal in which the car company, Tesla Motors, will acquire SolarCity for stock, valued at about $2.6 billion based on last week’s average price, a Tesla blog post said. SolarCity shareholders would receive 0.11 Tesla shares for each SolarCity share they own. As Monday’s statement notes, however, “it isn’t the finish line,” as the deal still requires approval by a majority of shareholders not including Musk, who is the largest investor at both companies. — NEW YORK TIMES



Terminix tentatively agrees to pay family harmed by banned pesticide $87m

The parent company of pest-control giant Terminix has reached a tentative agreement to pay $87 million to a Delaware family injured by exposure to a banned pesticide during a Caribbean vacation. Citing information from an earnings report filed Thursday by ServiceMaster Global Holdings Inc. of Memphis, The Philadelphia Inquirer reported that the company has agreed to pay the Esmond family $87 million. That is in addition to $3 million it has paid to cover its insurance deductible. Stephen Esmond became paralyzed in March 2015 soon after checking into a condo on St. John that was located above another unit in which Terminix exterminators had sprayed an odorless neurotoxin called methyl bromide. His teenage sons remained in critical condition for weeks after the exposure. — ASSOCIATED PRESS


Gawker founder files for bankruptcy protection

Nick Denton (left, above) has lost another round to Hulk Hogan. The Gawker Media founder sought US Bankruptcy Court protection Monday in New York after a Florida judge refused to halt enforcement of a $140 million damages award in pro wrestler Hogan’s invasion-of-privacy lawsuit. Gawker itself filed for bankruptcy protection June 10, a move that temporarily put the brakes on Hogan’s efforts to collect on the verdict he won after the online media company posted excerpts of a sex tape featuring him. — BLOOMBERG NEWS


Verizon to buy Fleetmatics for about $2.4 billion

Verizon said Monday that it plans to pay about $2.4 billion to buy Fleetmatics, which makes software used by cable companies, energy providers, and others to manage their fleets of vehicles. Verizon will pay $60 for each share of Fleetmatics, a nearly 40 percent premium to the stock’s closing price of $42.96 Friday. Fleetmatics, based in Dublin, said it has more than 37,000 customers that use its software to track the location of vehicles driven by workers. — ASSOCIATED PRESS