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Michael Milken joins Focused Ultrasound Foundation board
Michael Milken, who was pardoned by President Donald Trump in February over felony charges for securities fraud, has joined the Charlottesville-based Focused Ultrasound Foundation’s board, the organization announced Thursday. Milken (often referred to as the “junk bond king”) is credited with being part of the developm[...]
Arlington, Chesterfield named top digital counties in U.S.
Chesterfield and Arlington counties (along with three California localities) tied for the top spot on the Center for Digital Government (CDG) and the National Association of Counties (NACo)’s 18th annual Digital Counties Survey, which was released Tuesday. The survey identifies the best technology practices among U.S. county governments by evaluating initiatives that streamline delivery of […][...]
ASGN Inc. to buy Boston consultancy for up to $72M cash
ASGN Inc., parent company of Glen Allen-based recruiting firm Apex Systems LLC, announced Tuesday it will acquire Boston-based consultancy LeapFrog Systems LLC for up to $72 million in cash. The goal of the transaction is to grow the companies’ commercial consulting business, adding services for financial services, insurance and health care clients. LeapFrog anticipates approximately […][...]
Calabash Seafood ordered closed by court
Updated 2:45 p.m. A Hanover County seafood restaurant was ordered closed by a Hanover County Circuit Court judge Tuesday after the restaurant continued to operate with a suspended license due to COVID-19 safety violations. Judge Patricia Kelly issued a temporary restraining order effective as of 10 a.m. Tuesday, temporarily shutting down Mechanicsville’s Calabash Seafood, which […]
Genworth to move forward on $2.7B acquisition by Chinese company
Henrico County-based Genworth Financial Inc. announced Monday that it does not intend to exercise its right to terminate the $2.7 billion merger agreement with China-based Oceanwide Holdings Group Co. Ltd. as of Aug. 31. According to a statement from Genworth, the insurance company’s board of directors and management team determined that Oceanwide provided satisfactory information […]
BREAKING: Liberty board says outside firm will investigate university’s finances
The Liberty University Board of Trustees announced a “leading forensic firm” will conduct an investigation into the university’s operations during Jerry Falwell Jr.’s 13-year tenure as president. The firm, which is not named in the statement, will investigate financial, real estate and legal matters from [...]
SCC names head of Va. Health Benefit Exchange
The State Corporation Commission (SCC) announced Monday it has appointed Victoria I. Savoy to direct the Virginia Health Benefit Exchange — a new state-based health insurance exchange for individuals and small businesses set to start later this year. The Virginia Health Benefit Exchange was established by the 2020 Virginia [...]
Capital Square names CFO
Henrico County-based real estate investment company Capital Square announced Monday it has hired Austin Griffin as chief financial officer. With more than two decades of experience, Griffin was most recently CFO with The Caton Cos., which oversees operations and assets for nine companies with more than $1 billion in assets. In h[...]
16 Va. hospitals ranked on national LGBTQ benchmarking tool
Sixteen Virginia hospitals earned a top score of 100 on the 2020 Healthcare Equality Index survey, a national LGBTQ benchmarking tool from the Human Rights Campaign (HRC), released Monday. HEI evaluated more than 1,700 health care facilities’ policies and practices related to equality and inclusion of their lesbian, gay, bisexual, transgender and queer or questioning […]
Va. Physicians for Women to construct HQ in Midlothian
Virginia Physicians for Women purchased four acres of land for nearly $1.5 million to construct a new headquarters building in Midlothian, commercial real estate brokerage firm NAI Dominion (an office of NAI Global) announced last week. The medical practice purchased the land for the 41,598-square-foot headquarters building from[...]
Staying strong
No one could have predicted 2020 would bring such dramatic changes. Civil unrest after the police killing of George Floyd in Minneapolis, coupled with a once-in-a-century pandemic, is accelerating social and economic changes around the country, including in the Richmond region. Once the capital of the Confederacy, Richmond began[...]
Kings Dominion closure brings economic woes
For the first time in its 45-year history, Kings Dominion has halted its roller coasters for an entire season, thanks to COVID-19. But beyond being disappointing for fans of the amusement park in Doswell, “the economic impact is huge,” says E. Linwood Thomas IV, director of economic development for Hanover County. “Kings D[...]
