Rome News-Tribune: Business

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Business

Recent Headlines

Sunday 10/19/2014
West Rome Walmart to open a health clinic
Updated: October 21, 2014 - 9:21 am

Walmart, the nation’s leading retailer, expanded into groceries when it developed the superstore concept years ago. Now, Walmart is expanding in Rome with its Care Clinic — a primary healthcare clinic that is part of a nationwide pilot program.

Coupons for juice, hot dogs in today's paper
Posted: October 19, 2014

Coupons in today’s Rome News-Tribune are valued at $54 and the total so far this year is $9,738.

Saturday 10/18/2014
Logistics firm adding up to 75 employees
Posted: October 18, 2014

Rome-based Scott Logistics Corp., is experiencing a major growth spurt and plans to add another 75 jobs, at least 50 of the positions in Rome and 25 in offices across the country.

Funeral home to be sold via auction
Posted: October 18, 2014

The Miller & Richard Funeral Home Heritage Chapel building, 1148 North Broad Street, will be sold using an Internet auction conducted by Dempsey Auction Company of Rome.

Thursday 10/16/2014
Floyd County adds 400 jobs as Georgia’s unemployment rate declines to 7.9 percent in September
Updated: October 16, 2014 - 4:15 pm

Floyd County added 400 jobs over the past year according to Georgia Department of Labor reports released this morning. From the period of time from September 2013 to September 2014 Floyd County's job force increased to 39,100 from 38,700 jobs.

Consumers reap benefit of falling gas prices
Posted: October 16, 2014

The drop in fuel prices across Northwest Georgia in the last couple of weeks has offered a welcome break for motorists.

Wednesday 10/15/2014
Taco Bell coming to Armuchee; no opening date set
Updated: October 16, 2014 - 2:03 am

Foundation visible for new Taco Bell.

Shorter University welcomes former Chick-fil-A President and CEO Jimmy Collins
Updated: October 15, 2014 - 3:55 pm

Jimmy Collins, former president and chief executive officer of Chick-fil-A will speak at Shorter University on Thursday, Oct. 16 at 9:30 a.m. and again at 12:30 p.m. The event, hosted by adjunct instructor Rick Johnson’s Character Education class, will be held at the Robert H. Ledbetter College of Business. It is free and open to the public.

Sprint dealer building nearing completion
Posted: October 15, 2014

The new home for a Sprint celllular service dealership is nearing completion on Turner McCall Blvd. near the Fifth Avenue intersection.

Abral's Classy and Sassy opens on Broad Street
Posted: October 15, 2014

Abral's Classy and Sassy, 231 Broad Street, a building owned by David Clonts, opened in its new downtown location Tuesday. The shop, owned by Abral Wilson sells prom and formal dresses. It was previously located at 400 Shorter Avenue in west Rome.

Tuesday 10/14/2014
Small Business Snapshot: The Sweet Bar
Posted: October 14, 2014

Lee Bagley and Dixie Bagley, owners of The Sweet Bar, answer questions for today’s Small Business Snapshot.

Floyd County Farm Bureau member receives district award
Posted: October 14, 2014

MACON, Ga. – Floyd County Farm Bureau was recently recognized during the Georgia Farm Bureau 1st member programs. Leigh Rush is the FCFB president. FCFB member Iris Peeler received the GFB 1st Agriculture Award, which recognizes young farmers who earn the majority of their income from something other than production agriculture.

Monday 10/13/2014
Rome City Commission to rule on developer's request for more time to close on West Third property
Posted: October 13, 2014

The full Rome City Commission will have a chance tonight to weigh in on a request from a local firm to extend its option to buy a city-owned parcel on West Third Street.

Sunday 10/12/2014
Iconic Fosters Mill store sold, to re-open soon
Posted: October 12, 2014

Real estate transactions reported in Monday’s Roman Records include details about a deal involving one of the oldest stores in Rome, Fosters Mill Store, which has been sold by Ken and Jody Jones.

Production resumes at Daiki plant in Adairsville after Jan. 30, 2013 tornado
Posted: October 12, 2014

It was an unusually warm day. Adairsville Daiki plant employee Greg Ogle recalls that he knew something was wrong the morning of Jan. 30, 2013, when he got dressed to go to work. A couple of hours later he was huddled under a table in the break room as half of the huge plant was being flattened by a tornado.

Thursday 10/09/2014
Kindred Healthcare buying Gentiva in $719.6M deal
Posted: October 09, 2014

LOUISVILLE, Ky. (AP) — Kindred Healthcare Inc. is buying home health and hospice care provider Gentiva Health Services Inc. in a cash-and-stock deal valued at about $719.6 million, sealing a deal after previous rejections by Gentiva.

Kindred Healthcare Inc. has a facility in Rome at 304 Turner McCall Blvd.

Kindred will pay $14.50 per share in cash and $5 of its common stock for each share of Gentiva, whose board approved the deal.

The companies put the transaction's value at $1.8 billion, including the assumption of debt.

Kindred and Gentiva said that the combined company will be the largest operator of long-term acute care hospitals and inpatient rehabilitation facilities in the U.S. and the country's largest provider of rehabilitation, home health and hospice services. It is expected to have annual revenue of approximately $7.1 billion.

Kindred initially went public in May with an offer to buy Gentiva at $14 per share. It later raised its bid to $14.50 per share, but Gentiva rejected both of those offers.

In July Gentiva said that it had received a competing bid from an undisclosed party that valued Gentiva at $17.25 per share, and said that it would review that proposal. That same month Kindred said it would pay $16 per share in cash to buy up to a 14.9 percent stake in Gentiva. That would have made Kindred Gentiva's biggest shareholder, but would have fallen short of the 15 percent limit imposed by a shareholder rights plan, or "poison pill" measure, that Gentiva's board adopted after Kindred started bidding for the company.

It appears that the two companies were able to come to an agreement since that time.

The combined home health and hospice businesses will operate within the Kindred at Home division and be based in Louisville, Kentucky. It will keep a significant regional presence in Atlanta, where Gentiva is based.

Kindred expects the acquisition to immediately add to its earnings, excluding transaction and integration costs.

Both companies' boards unanimously approved the deal, which is targeted to close in 2015's first quarter. It still needs approval from Gentiva stockholders.

Shares of Gentiva jumped $2.41, or 14.4 percent, to $19.12 in premarket trading shortly before the market open, while Kindred's stock rose 91 cents, or 4.6 percent, to $20.65.

Oxton Senior Living buys Roman Court, to rename it Oxton Place of Rome
Posted: October 09, 2014

Oxton Senior Living has purchased the Roman Court personal care home, at 1168 Chulio Road. The new name will be Oxton Place of Rome.

Wednesday 10/08/2014
Deal: September revenues up 5 percent
Updated: October 09, 2014 - 12:36 am

Gov. Nathan Deal announced today that Georgia’s net tax collections for the month of September totaled $1.81 billion for an increase of $86.25 million, or 5 percent, compared to the month-ended September 2013. Year-to-date, net tax revenue collections totaled $4.69 billion, an increase of $211.25 million, or 4.7 percent, compared to the previous fiscal year when net tax revenues totaled $4.48 billion through September. Lastly, year-to-date gross tax revenues totaled $6.09 billion, an increase of $317 million, or 5.5 percent, compared to month-ended September 2013.

Deal: Project agreement signed for Savannah harbor deepening
Updated: October 08, 2014 - 11:18 am

Gov. Nathan Deal announced today that the U.S. Army Corps of Engineers, the Georgia Department of Transportation and the Georgia Ports Authority have signed a Project Partnership Agreement, allowing construction on the long-awaited Savannah Harbor Expansion Project to begin.

Tuesday 10/07/2014
Vargo Orthodontics hosting silent auction this week to benefit Breast Center
Posted: October 07, 2014

This year Vargo Orthodontics is hosting a silent auction for pumpkins decorated by the Rome dental community with all proceeds going to the Breast Center in Rome to support the mobile mammography unit and the mammography scholarship program.