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Bills advance to facilitate COVID-19 vaccine distribution
RICHMOND, Va. — The Virginia House and Senate have unanimously advanced separate bills to facilitate administration of the COVID-19 vaccine. House Bill 2333, introduced by Del. Lamont Bagby, D-Richmond, intends to strengthen the state’s vaccine distribution efforts and also bolster data collection. The measure removes ba[...]
At 10-year mark, CarLotz goes public
Nearing its 10-year anniversary, CarLotz, a used-cars consignment company founded in Chesterfield County, went public on Friday. In October 2020, CarLotz first announced it would merge with special purpose acquisition company Miami-based Acamar Partners Acquisition Corp. — a deal that was approved by stockholders Jan. 8 and cl[...]
350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 acres of l[...]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing debt […][...]
$2.7B Genworth acquisition is on hold
UPDATED JAN. 5 Henrico County-based Genworth Financial Inc.’s planned $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. has been frozen. In late November, the companies announced that Oceanwide’s acquisition of the Fortune 500 insurance company had been reapproved by China’s National Development and Reform Commission, and the acquisition, which has been frequently postponed […][...]
Five Va., Md.-based electric coops form broadband association
With internet connectivity issues growing in importance during the COVID-19 pandemic, five electric cooperatives in Virginia and Maryland have formed a broadband cooperative association aimed at encouraging the expansion of high-speed internet service in underserved rural areas. The new Maryland and Delaware Association of Broadband Cooperatives (VMDABC) includes Millboro-based BARC Electric Cooperative and its BARC […][...]
Off and running
Updated Jan. 29, 2021 Conventional wisdom used to hold that all politics is local, but that’s not really the case anymore. The extreme polarization on display during the recent presidential and U.S. Senate and House races has infected state and local politics, and Virginia’s November 2021 gubernatorial election promises no r[...]
In good health
Virginia’s patient satisfaction rate held steady in a recently released nationwide survey, but just three hospitals in the commonwealth received the highest marks. Overall, Virginia patient satisfaction trails the national average by just 2%. The patient satisfaction scores come from the annual Hospital Consumer Assessment of [...]
DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]
Va. hospital systems begin receiving COVID vaccine shipments
Sentara Healthcare and Bon Secours Health System received portions of the state’s first shipment of Pfizer Inc.’s COVID-19 vaccine Monday, and other health systems in the state are anticipating delivery later today or Tuesday. Vaccinations are expected to begin for health care workers by Wednesday, according to hospi[...]
MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
eHealth Technologies creating 160 jobs in Scott County
eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]
