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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 an[...]
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 [...]
Carilion Clinic, Richmond firm part of $3.5M concussion grant
Roanoke-based Carilion Clinic and Richmond’s BRAINBox Solutions Inc. are part of a $3.5 million National Institutes of Health grant to research and develop a new way to diagnose brain injuries in the elderly. The research will include enrolling 300 patients with head trauma and 70 patients as controls. Patients will be followed for a year […]
LewisGale Medical Center names new COO
Salem-based LewisGale Medical Center has named Willie Payton Jr. its new chief operating officer, the hospital announced March 17. Payton comes to the 506-bed acute-care medical and surgical facility from Johnston-Willis Hospital in Richmond, where he was vice president of operations. “We are excited to welcome Willie to our e[...]
Smithfield Foods division makes new medical device
Smithfield Foods Inc.’s Cincinnati-based porcine-derived medical products unit, Smithfield BioScience, and Atlanta-based medical device company BioCircuit Technologies announced Wednesday that the two will produce a medical device for nerve repair after traumatic injuries. The device, called Nerve Tape, will allow nerve repair[...]
BIO-CAT plans $35M expansion in Troy
BIO-CAT Microbials LLC, part of BIO-CAT Inc., will invest $35 million in a fermentation facility in Troy, southeast of Charlottesville, creating 20 jobs, the company announced March 3. The biotech company is a producer and wholesaler of enzymes, probiotics and microbials. Founded in 1988, BIO-CAT Microbials will expand its facil[...]
Owens & Minor donates PPE to Ukraine
Mechanicsville-based Fortune 500 health care logistics company Owens & Minor announced Monday that it is donating $500,000 in medical-grade personal protective equipment to support humanitarian relief in Ukraine and other impacted countries. The donations, which includes exam gloves, masks and gowns, was coordinated across distribution centers in Chicago, Pittsburg and Philadelphia to speed efforts. The […][...]
VCU Health makes interim CFO permanent
Virginia Commonwealth University Health System named James Siegel, who has served as the interim chief financial officer since June 2021, its permanent CFO on Thursday. “James has done an exemplary job leading us through financially challenging times, while positioning the system for financial success in the future,” Dr. Art[...]
Newsweek ranks U.Va. Medical Center top Va. hospital
Newsweek ranked Charlottesville’s University of Virginia Medical Center as the No. 1 hospital in Virginia in its World’s Best Hospitals 2022 guide, which was released March 2. “Our team members have faced incredible challenges over the past two years during the COVID-19 pandemic, but they have persevered to provide exc[...]
HCA hires Chippenham Hospital chief nursing officer
M. Lea Lee will become chief nursing officer of Chippenham Hospital on April 4, HCA Virginia announced Tuesday. Lee currently serves as the chief nursing officer for LewisGale Medical Center in Salem and will be returning to Richmond. She has previously worked with HCA Healthcare. In 2007, she was Chippenham Hospital’s nursing[...]
Thomas O. Ryder joins Focused Ultrasound Foundation board
Thomas O. Ryder, former CEO and chairman of White Plains, New York-based Reader’s Digest Association Inc., has been elected to the board of the Charlottesville-based Focused Ultrasound Foundation. Ryder has served on Amazon.com Inc.’s board for two decades. He worked for Time Inc., CBS and Education Today Co. Inc., w[...]
Code red
Although many business sectors focused on moving on from the COVID-19 pandemic once vaccines became broadly available in 2021, Virginia’s health care industry has remained heavily burdened by continuing caseload surges and extreme staffing shortages. In September 2021, Gov. Ralph Northam voiced frustration at a news conference[...]
