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Riverside Tappahannock Hospital becomes part of VCU Health System
Richmond-based VCU Health System announced Monday it has finalized its purchase of the 67-bed Riverside Tappahannock Hospital (RTH) and related medical services from Riverside Health System. Financial terms of the transaction were not released. The hospital will now operate as VCU Health Tappahannock Hospital. VCU Health System [...]
$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 […][...]
500K Virginians enrolled in Medicaid since 2019 expansion
The Virginia Department of Medical Assistance Services (DMAS) has announced that more than 500,000 Virginians have enrolled in health coverage since expanded Medicaid eligibility rules took effect in January 2019. Virginia was the only state in nation to experience a reduction in its uninsured rate between 2018 and 2019, the first year of the expanded […]
Virginia has administered 50K+ COVID-19 vaccine doses so far
Having received 285,000 COVID-19 vaccine doses from two manufacturers, Virginia has distributed more than 54,000 doses in the past two weeks. Nationally, there’s been frustration with the vaccine rollout, which has been slower than expected. The Trump administration had pledged that 20 million doses of the vaccine would be adm[...]
Northrop Grumman awarded $246M contract modification
The Defense Logistics Agency has awarded Falls Church-based Northrop Grumman Corp. a $246.4 million contract modification that adds production pricing for exhaust pipes of the U.S. Air Force’s B-2 bomber aircraft. The award falls under a firm-fixed-price indefinite-quantity contract with four base years plus one five-year option period, according to the Department of Defense. In […]
PAE awarded $152M task orders for military aircraft maintenance support
Falls Church-based PAE has been awarded two new business task orders to support aircraft maintenance with a combined value of up to $151.8 million. The task orders were awarded under the U.S. Air Force Contract Field Team Services indefinite delivery, indefinite quantity services contract, which has a ceiling value of $11.4 billion. Through these awards, […]
Northam commits additional $20M to economic recovery fund
Gov. Ralph Northam has allocated an additional $20 million in federal CARES Act funding to assist more than 300 small businesses and nonprofits through the Rebuild VA economic recovery fund. The new funding will meet demand for the Rebuild VA program and fulfill pending grant applications for small businesses and nonprofits that[...]
Richmond city government solicits proposals for resort casino
Richmond has issued a request for qualifications/proposals, the first step in launching a competitive process for bringing a resort casino to the state capital, subject to voter approval. Earlier this year, Gov. Ralph Northam signed legislation allowing five economically challenged cities — including Richmond — to open casin[...]
Industrial hemp company to locate in Rockingham
Using the trade name Pure Shenandoah, Elkton-based Shenandoah Valley Hemp LLC will invest nearly $3.3 million to establish an industrial hemp fiber processing and cannabidiol (CBD) oil extraction facility in Rockingham County, creating 24 jobs. The company has committed to purchasing 100% of its industrial hemp from Virginia gro[...]
Va. COVID-19 rate passes 12% this week
Virginia recorded 25,285 new COVID-19 cases and 207 more deaths last week, according to the Virginia Department of Health’s Dec. 28 update. The current seven-day positivity rate is 12.3%, up .9% from a week ago. The state has reported 336,175 cases and 4,861 deaths since March, and the current seven-day average number of daily new […]
Arlington-based Magellan Federal gets $111M for DOD personnel assistance services
Arlington-based Magellan Federal, a subsidiary of Phoenix-based Magellan Health Inc., has secured a potential five-year, $111 million contract from Washington Headquarters Services to help Department of Defense employees maintain work-life balance. According to the DOD, Magellan will help the Defense Civilian Personnel Advisory Service manage an employee assistance program under the indefinite-delivery/indefinitely-quantity contract. Th[...]
