fNge 8
Portland Observer
Thursday, December 18, 1974
Announcin
The highest interest
we’ve ever paid
on these savings plans
ROGER G. l.A RSO N
Hospitals centralize
The boards of directors of
four metropolitan area hos
pitals announced that they
have centralized their man­
agement.
Emanuel. Physi­
cians and Surgeons. Meridian
Park and Gresham Com­
munity hospitals have signed
a management agreement
with Metropolitan Hospitals.
Inc.
M e tro p o lita n H ospitals,
Inc., was originally conceived
in 1970 by Emanuel and
Physicians and Surgeons
hospitals for the construction
of Meridian Park Hospital.
The organization was later
expanded to include Gresham
Community Hospital when
that institution was pur
chased by Metropolitan Hos
pitals.
The
basic purpose of
Metropolitan is to provide
centralized general planning,
financial planning and man
agement services for each of
the member hospitals." C.
Harold Weston, chairman of
the Metropolitan Hospitals
Board said.
T h e r e are certain func­
tions which lend themselves
I t o centralization," Weston
said.
T h e s e functions will
be centralized - the first of
which will be the accounting
functions of each hospital."
Under the terms of the
contract agreement, each of
the four hospitals will con­
tinue to operate virtually as
autonomous units, meeting
the unique needs of their
communities.
Emanuel Hospital Presi
dent Roger G. Larson has
been appointed the chief
executive officer of Metro­
politan Hospitals, Inc.
He
will be spending one half of
bis time with Metropolitan
and the other one-half in the
planning of construction and
fund-raising for Emanuel's
buildings and programs.
W alter L. Behn has been
appointed administrator for
Emanuel Hospital.
T h ro u g h Metro, the four
participating hospitals hope
to provide quality care to the
citizens of the metropolitan
area in a manner which
displays a central and organ
ized management structure
and provides cost saving to
the public in the rendering of
hospital services," said A l­
fred C. Hutchinson, M .D.,
president of the Physicians
and Surgeons Hospital Board
of Trustees.
Prior to the announce
ment. many joint efforts
had already
been estab
| xt annum
lished in anticipation of the
formal agreement. Joint ef­
forts occurring now include
accounting functions for
Meridian Park Hospital per
formed
by the
Emanuel
a c c o u n tin g d e p a r t m e n t ;
physical therapy coverage at
Gresham Community, as a
result of an agreement be
tween
Emanuel's
physical
therapy department and the
Gresham administration; the
original financing and re­
financing of approximately
$10 million for Meridian Park
and
Gresham
Community
was handled by Metropoli
tan; th e n eg o tia tin g o f ’
co n tracts w ith insurance
companies by the Physicians
and Surgeons administration
on behalf of the four hos­
pitals; providing automated
services in the clinical labor
atones
of
Emanuel
and
Physicians and Surgeons to
Gresham and Meridian Park;
the E m an u el path olo gist
group providing services to
Gresham and Meridian Park
as well as to Emanuel, and
the assistance, by the Eman­
uel purchasing department,
to all of the hospitals.
90-day First Investors Passbook
1- or 2-ycar First Investors Passbook
per annum
2-1/2-year First Investors Passbook
“Emanuel is excited about
the future of Metropolitan
Hospitals." commented C.
Leslie Wierson, chairman of
the Emanuel Hospital Board
of Directors following the
formal announcement.
“Through the future de
velopment of Metropolitan
Hospitals. Inc., Emanuel can
join with three other area
hospitals in being leaders in
the health care industry.
In c re a s in g dem ands are
placed on the health care
in d u s try each day and
through the guidelines, goals
and objectives set by M etro­
politan agreement, four hos
pitals in the area will be
ready to meet these in­
creasing demands in the
future."
(XT annum
4- to 6-year Time Certificate o f Deposit
M e tro p o lita n H o sp itals,
Inc., board members include
C. Harold Weston, E verett
A. Sorensen, M .D ., Sam B.
Liu, M .D ., C. Leslie Wierson,
H arry Leeding, Jesse L
Ray, M .D ., Robert H. A tkin ­
son, Jr., Mrs.
R. John
Epping, Paul F. Murphy, and
Carl Halvorson.
C o rp o rate h ead q uarters
for Metropolitan will be on
the third floor, north wing,
of the Emanuel East Building
(formerly
known
as the
School of Nursing), 2828
North Gantenbein Avenue,
Portland.
Now you can earn up to 6!4 %
interest on First Investors Pass
book accounts, and 7‘,4% on low
opening-deposit Time Certificates.
It’s the highest interest we’ve
ever paid on these accounts!
We think you’ll be highly inter
ested in the other attractive
features these savings plans offer
you, too.
For one thing, you can start
them off with reasonable min­
imum amounts. Just $300 opens
First Investors Passbooks, all in
one account or divided among
several—with at least $50 in any
one account. And our Time
Certificates start at $1,000.
Donation aids UP
H a rry Czyewski, in behalf
of M E I Charlton, Inc., Port
land has transferred title to
914,000 worth of metallo­
grap h ic la b o ra to ry eq u ip ­
ment to the University of
Portland's Multnomah School
of Engineering.
E n g in e e rin g dean
D r.
Donald Maah says that the
research metallograph and
metallurgical specimen p o I-
is h in g
e q u ip m e n t
w ill
greatly augment the recent
$4.800 grant from the N a­
tional Science Foundation for
a metallographic laboratory.
This laboratory will be
used in connection with a
rww metallurgical option to
become available under the
exiating mechanical engineer­
ing program recently ac­
credited by ECPD , the pro
fessional accred itin g as
sociation for schools of en­
gineering.
Czyzewski is a frequent
lecturer at the University of
Portland.
His most recent
were at a four day welding
seminar sponsored by the
Oregon Chapter, Society of
Automotive Engineers in co
operation with the Univer
You can add $50 or more to a
First Investors Passbook account
anytime you wish.
You can take your interest
several ways. For example, you
can have it paid to you by check
every quarter. Or credited to your
First Investors Passbook account
—for quarterly compounding—or
to any other account you have at
our bank. You can even receive
monthly interest checks—or
automatic deposits to an account
— with rim e Certificates of
$4,(XX) or more.
You’ll know, too, that your
savings are safe and sound in one
of America s leading banks. And
protected by the Federal Deposit
Insurance Corporation as well,
up to $40,(XX).
Pick the plan that suits you
best. Choose short-term flexibility
with very rewarding interest. Or
long-term reliability with even
more rewarding interest.
Or both!
Federal law does prohibit pay­
ment of a time deposit before
maturity unless substantial interest
is forfeited. But by keeping your
savings at work full-time, you’re
sure to enjoy these new, higher
interest rates.
Come in and ask us about
them soon.
sity.
This contribution is the
third major one of equipment
by M E I Charlton (and its
predecessor firm Metallurg
ical Engineers, Inc.) to the
University of Portland. The
previous co n trib u tio n s in
eluded an industrial x-radio
graphy machine, and a se­
le c tio n
of
s t r a in g ag e
equipped load cells for en­
gineering structure
studies.
F IR S T N A T IO N A L B A N K OF OREG ON
We'd like to get to know you.
l-n k J I law and regulation prohibit the payment ot a tim e drpowt prior to m aturity unless three naaM bt ot the interest th rre u fl u forfeited and interest on the am ount w ithdraw n it reduced to the regular M v in g t rate M em ber F I ) 1C .
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