Sign In
Free Newsletter
Sentara CEO Kern announces retirement plans
Howard P. Kern, Sentara Healthcare’s president and CEO, announced his planned retirement Friday. A search for his replacement is already underway, the Norfolk-based health system said in a statement, and Kern will stay on until his replacement starts later this year. Having spent 42 years with Sentara in hospital administr[...]
Herndon telehealth company to be acquired
Herndon-based acute care telemedicine provider SOC Telemed Inc. has entered into a definitive agreement to be acquired and taken private by California-based health care investment firm Patient Square Capital, it announced Thursday. SOC Telemed stockholders will receive $3 in cash per share, which represents a 366.1% premium over SOC Telemed’s closing share price on Wednesday, […]
Virginia Tech breaks ground on $85M Hitt Hall
Virginia Tech leaders and donors broke ground Wednesday on the university’s $85 million, 100,000-square-foot Hitt Hall, which will house the Myers-Lawson School of Construction. The building, which has an expected completion of spring 2024, will feature general assignment classrooms and a 600-seat multivenue dining facilit[...]
SeaWorld makes $3.4B offer for Kings Dominion parent company
A reported $3.4 billion acquisition bid from Orlando-based SeaWorld Entertainment Inc. could result in Virginia’s two major theme parks being under the same ownership. SeaWorld, parent company of Busch Gardens Williamsburg, has made an unsolicited offer to acquire Ohio-based Cedar Fair Entertainment Co., which owns the Kin[...]
ManTech secures $118M Navy contract
Herndon-based tech contractor ManTech International Corp. has secured a $188 million, five-year contract to support the U.S. Navy’s Naval Surface Warfare Center Crane by providing tech solutions for intelligence, surveillance and reconnaissance by unmanned aircraft systems. “At ManTech, intelligent systems engineering is a core competency where we excel at developing innovation solutions. … Under this […][...]
Washington Football Team has new name: Commanders
The Washington Football Team became the Washington Commanders Wednesday. President Jason Wright announced the new name for the Ashburn-based NFL team on NBC’s “Today” show. “It’s a name that has the weight and meaning befitting a 90-year-old franchise,” Wright said. “It’s something that broadly resonated with our[...]
Va. Beach launches small biz loan program
The Virginia Beach Small Business Capital Access Program is offering loans of $15,000 to $25,000 to small businesses, with no payments required for the first six months. The program, which is a collaboration between the Virginia Beach Economic Development Department and the Local Initiatives Support Corp. (LISC) of Hampton Roads, provides $400,000 in zero-interest loans […]
GDIT wins $518M Army contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) won a $518 million task order from the U.S. Army Communications Electronics Command (CECOM), the company announced Monday. Under the Worldwide Field Support task order, the Fortune 500 General Dynamics Corp. subsidiary will provide logistics, sustainment and maintenance services for joint U.S. and coalition forces in the […][...]
J.B. Hunt to acquire Bassett Furniture subsidiary for $87M
A subsidiary of Lowell, Arkansas-based transportation company J.B. Hunt Transport Services Inc. has entered into a definitive agreement to acquire a subsidiary of Bassett-based home furniture manufacturer and marketer Bassett Furniture Industries Inc. for $87 million, the companies announced Monday. J.B. Hunt Transport Services�[...]
U.Va. breaks ground on data science building
The foundation for the University of Virginia’s new School of Data Science will begin to take shape in the coming months at the corner of Emmet Street and Ivy Road. The $35 million, 61,000-square-foot building is expected to open to students in spring 2024. It sits on part of a 14-acre site that formerly housed […]
Dumfries’ Rose gaming resort could have big local impact
Athough casinos being built in four Virginia cities have grabbed the lion’s share of media attention, construction is also underway on The Rose, a $400 million gaming facility and hotel in Prince William County that represents an additional outcome of the state’s 2020 casino legislation. Colonial Downs Group is building the [...]
Revamping Vinton
Vinton has been reinventing itself over the past decade, using public-private partnerships to convert old, vacant buildings into bustling modern developments. Now that the small eastern Roanoke County town has attracted new residents and visitors, the town’s new focus is on improving its transportation, walkability and infrast[...]
