PPM/MSO News

• Physicians Resource Group (Dallas) said it has been unable to reach an agreement with NationsBank (Charlotte, NC) over repayment of a $9.5 million bank loan that is in default, reported The Dallas Morning News. The manager of eye doctors’ practices had a deadline, which was missed, to make good on the loan, which was due Dec. 31. Physicians Resource said NationsBank now may take legal action to enforce its rights, the Morning News reported.

• IntegraMed America (Purchase, NY) has promoted three officers to senior vice presidents. Eugene Curcio was promoted to senior vice president/CFO; Jay Higham is now the senior vice president of marketing and development; and Donald Wood has become senior vice president/COO.

• PhyMatrix’s (West Palm Beach, FL) Clinical Studies (CSL) subsidiary and Universal Health Services (King of Prussia, PA) have formed a research network that will expand both organizations’ participation in pharmaceutical industry-sponsored clinical research. Under the terms of the agreement, CSL will provide site operations support, including training and staffing, as well as centralized administrative services. In turn, UHS will provide access to qualified investigators, as well as patients for psychiatric trials.