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Recent Articles from Katherine Schulte
Owens & Minor acquires home health care company for $1.6B
Mechanicsville-based Fortune 500 health care logistics company Owens & Minor Inc. announced Tuesday that it had closed its acquisition of Indianapolis-based Apria Inc. for a cash consideration of $1.6 billion. Owens & Minor funded the purchase with a combination of debt and cash on hand. The company is combining Apria and its Byram Healthcare Centers […]
VCU Health names first COO
Virginia Commonwealth University’s inaugural chief operations officer is Michael Elliot, effective May 15, the system announced Monday. “Operational excellence matters because it allows us to expand services into more communities,” Elliott said in a statement. “VCU Health is continuing an exciting journey of growth, and I am excited to strengthen our operational efficiency to better [&[...]
Va. Tech professor elected council chair of national institute
Jennifer S. Wayne has been elected Academic Council chair of the American Institute for Medical and Biological Engineering (AIMBE), Virginia Tech announced Friday. Based in Washington, D.C., AIMBE is a nonprofit composed of leaders in the medical and biological engineering fields and advocates for the value of those fields. Wayne is the department head of […]
Chesterfield medical office building sells for $12M
A medical office building in Chesterfield County sold for $12.25 million, Cushman & Wakefield | Thalhimer announced March 23. Located at 7300 Ashlake Parkway, the 27,606-square-foot property is 100% leased to four tenants: Vital Care Family Practice, LabCorp, James River Cardiology and Absolute Dermatology & Skin Cancer Center. Nashville, Tennessee-based Montecito Medical Real Estate bough[...]
McLean medical office building refinanced with $20M loan
Toronto-based commercial real estate firm Avison Young announced Wednesday that its debt and equity finance team had arranged a $20 million loan to refinance a medical office building in McLean. Built in 1985, the three-story, 47,000-square-foot medical office building is located at 1420 Beverly Road. A partnership between Stewart Investment Partners and Chestnut Funds owns […]
Bermuda insurer to establish U.S. HQ in Henrico
Bermuda-based Hamilton Insurance Group Ltd. will invest at least $415,000 to establish the U.S. headquarters of its subsidiary in Henrico County, a project estimated to create more than 70 jobs, Gov. Glenn Youngkin announced Friday. Hamilton’s wholly owned subsidiary, Hamilton Select Insurance Inc., is a commercial insurer that underwrites excess and surplus insurance. “Henrico County [&he[...]
Hilb Group acquires N.J. risk management firm
Henrico County-based insurance company The Hilb Group LLC announced Thursday that it has acquired New Jersey-based E.B. Cohen Insurance and Risk Management. Financial terms of the transaction were not disclosed. “E.B. Cohen aligns perfectly with our strategy for growing among industry leaders — bringing a terrific history of insurance and risk management experience and expertise, […[...]
WaveDancer to acquire Herndon SaaS firm for $90M
Fairfax-based software company WaveDancer Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based software-as-a-service platform company Knowmadics Inc. for $90 million. Approximately $56.5 million in cash and $33.5 million of stock at a price of $6.50 per share comprise the $90 million total. WaveDancer intends to raise approximately $67 million […]
RIR president to head Henrico sports/entertainment authority
Henrico County officials on Wednesday named longtime Richmond Raceway President Dennis Bickmeier to lead its new sports and entertainment authority. Bickmeier’s last day with the raceway, where he has led for more than a decade, is April 15. He will begin working in his new role on April 18. “With Dennis Bickmeier serving as our executive […]
Norfolk Tourism Foundation names new director
The Norfolk Tourism Foundation and VisitNorfolk announced Thursday that Kelsey Backe is the foundation’s new director. “I am thrilled to be able to join the Norfolk Tourism Foundation and to put my skills to use supporting our current hospitality workers, our future hospitality workers and tourism research initiatives that will help our community invest wisely […]
