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Bon Secours Mercy Health acquires three Va. hospitals
Cincinnati-based Bon Secours Mercy Health has completed the acquisition of three Virginia hospitals: the 300-bed Southside Regional Medical Center in Petersburg, the 105-bed Southampton Memorial Hospital in Franklin and the 80-bed Southern Virginia Regional Medical Center in Emporia. Bon Secours Mercy Health acquired the hospitals from Franklin, Tennessee-based Community Health Systems Inc. Financial terms of the […][...]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Unemployment remained low for November in metro areas
Although not each individual city or county fell under a 5% unemployment rate in November 2019, Virginia’s 11 major metropolitan areas recorded unemployment rates below 3%, according to data released Friday by the Virginia Employment Commission. Statewide, the locality with the lowest unemployment was Arlington County, at 1.7%. Buchanan County in far Southwest Virginia had […]
Va. grads earned record number of bachelor’s degrees
Virginia awarded a record number of bachelor’s degrees to college and university graduates in 2018-2019, awarding 122,168 degrees and postsecondary certificates — a roughly 50% increase from a decade ago, the State Council of Higher Education for Virginia (SCHEV) announced Friday. Of the degrees awarded, 86,325 — more than 70% — were earned by in-state […]
Spok Holdings names new COO
Spok Holdings Inc., a Fairfax County-based healthcare communications company, promoted Michael W. Wallace to chief operating officer on Thursday. Wallace has worked as a financial and operational executive for approximately 25 years and joined Spok as its chief financial officer in 2017. He will maintain his CFO duties and take [...]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grac[...]
Bay Banks of Virginia names new executive VP
Michael H. Troutman was hired as executive vice president and chief revenue officer of Richmond-based Bay Banks of Virginia Inc., holding company for Virginia Commonwealth Bank and VCB Group Inc., the bank announced Thursday. Troutman has been in banking for 18 years and in his new role will be responsible for revenue-generation[...]
Henrico shopping center sells for $21.7M
The Colonnades West shopping center in Glen Allen was sold to Quebec, Canada-based Colterra Capital Corp. for $21.76 million, Divaris Real Estate Inc. announced Thursday. Located on 14.73 acres of land, Colonnades West is 97.5% leased to anchor tenants Ross Dress for Less, Marshall’s, Office Max and Shoe Carnival. The 136,082-[...]
Richmond property sells for $2.75M
Richmond-area developers Louis Salomonsky and David White of SWA Construction Inc. sold a 0.75-acre property across from the Lucky Strike Building in the city’s Libby Hill area for $2.75 million, Commonwealth Commercial Partners LLC (CCP) announced Monday. The site is part of a three-parcel purchase of vacant land along East Main and Pear streets. Bruce Milam, […]
The Hilb Group acquires Rhode Island insurer
Henrico County-based insurance broker The Hilb Group LLC (THG) has acquired Rhode Island-based Wickford Insurance Agency Inc. (WIA) in a deal that closed on Dec. 1, THG announced Tuesday. Financial details of the deal were not disclosed. WIA is a property and casualty insurance agency and its associates will join THG’s Rhode Island operations under […]
Virginia renews 15 Enterprise Zones
Fifteen Virginia Enterprise Zones (VEZ) were renewed for another five years, continuing to make expanded economic development grants available for qualified employers and investors in the zones, Gov. Ralph Northam announced Monday. The Virginia Department of Housing and Community Development (DHCD) administers the program for the 15 zones that were initially designated in 2000, 2005 […]
Genworth extends Chinese acquisition to March
Henrico County-based Fortune 500 insurance company Genworth Financial Inc. has extended the timeline for its long-delayed $2.7 billion takeover by China Oceanwide Holdings Group Co. Ltd. until March 31, the company announced Monday, marking the 13th time the agreement has been extended. On Dec. 12, Genworth sold its majority stake in its Canadian mortgage insurance […]
