Murfreesboro-based National HealthCare Corp. will break ground this week on a 112-bed skilled nursing center in Maury County.
The new Columbia facility is a joint venture between NHC and Maury Regional Medical Center and represents an $18 million investment. Last October, NHC began work on a similar facility in Bellevue. NHC Place at the Trace is expected to open next spring.
Shares of NHC (Ticker: NHC) were $62.80 Monday afternoon. Year to date, they're flat.
Commerce Union Bancshares officials have announced shares of the company started traded on the Nasdaq today:
“We are pleased to announce that Commerce Union Bancshares’ stock will begin trading on The Nasdaq Stock Market effective July 7th,” stated William R. DeBerry, Chairman and Chief Executive Officer. “We believe the Nasdaq listing will provide increased visibility for our company with investors and increased marketability of our shares for our stockholders.”
Commenting on the listing, DeVan Ard, President of Commerce Union stated, “The Nasdaq listing represents an important milestone in our combination of Commerce Union and Reliant banks. The merger strengthened our capital base, increased our lending limits, expanded the reach of our combined banks and improved our operating synergies. We believe the Nasdaq listing highlights our continued progress to build long-term shareholder value by combining our resources.”
Trading as CUBN, shares opened at $14.50.
C&H Financial Services, an Illinois-based payment processor, has acquired Regal Payment Systems out of Columbia. A release on the deal doesn't provide many details but does make Regal's operation C&H's first in Tennessee and adds the First Data processing platform to its lineup. The purchase of Regal also puts C&H on track to process $5 billion in transactions this year.
Global tile manufacturing conglomerate Gruppo Concorde will build its first U.S. factory on nearly 100 acres in Mt. Pleasant and hire 180 people to operate it. Concorde's UST Inc. division will invest about $80 million to build the 600,000-square-foot facility. Those numbers are up significantly from the $55 million and 500,000 square feet that were being discussed by Maury County officials more than a year ago.
“We have chosen Tennessee for a number of reasons, including the state’s vibrant and business-friendly environment and the warm and proactive welcome we have received from the local community in Maury County,” Gruppo Concorde Executive and UST Inc. President and CEO Federico Curioni said. “Tennessee is also very close to some of the most important raw material used in the tile industry, such as plastic clay and feldspar, which greatly benefits our production capabilities.”
The plant is expected to start production in the second half of 2016.
Spring Hill-based technology company Experimental Design and Analysis Solutions has announced it is now called Apex Turbine Testing Technologies.
The name change is part of a company rebranding campaign, according to a release.
“There are many reasons for our name change, but mostly we think it better describes what we do,” Kurt Nichol, CEO and president of Apex Turbine, said in the release. “We are still under the same ownership and are still under the same management with the same staff. We are the same company.”
Apex specializes in software analysis products and offers installation and engineering services.
The largest family-owned metal processor and distributor in North America will invest almost $33 million to build a new service center in Columbia. The 105,000-square-foot Samuel Son & Co. plant will create 42 jobs. Its machines will be able to shape steel and aluminum up to 84 inches wide, primarily for the region's auto manufacturers. State officials say the facility has doubled in size from when discussions began with Samuel executives.
SEE ALSO: The company's own release
Michigan-based Rainbow Child Care Centers is preparing to open the doors to its first location in Tennessee, a spot on Wall Street in Spring Hill that can house 140 kids up to 12 years of age. That opening will be followed in a few months by another spot in Murfreesboro for Rainbow, which runs more than 90 locations in the eastern half of the country.
Global auto parts manufacturer Magna International will spend $16 million to build its fifth Tennessee factory just north of General Motors' Spring Hill complex — which is getting two new models in the coming years — where it will build seat assemblies. The company, which also runs a plant in Columbia, plans to hire 357 people for Spring Hill over the next two years, with 75 workers to start. And it is moving quickly to get ready for GM: Its new 122,500-square-foot facility is expected to be up and running by January.
"This new facility demonstrates our commitment to GM in delivering high-quality products through our world-class manufacturing initiatives," said Mike Bisson, president of Magna Seating. "We are pleased to support our customer and look forward to potential growth opportunities."
Magna is one of the bigger names in the auto supplier sector. The company runs more than 60 manufacturing or assembly plants across the United States and employes more than 23,000 people.
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