Acadia Healthcare has secured the necessary approvals and permits to begin construction of a long-planned 40-bed addition at one of its hospitals in Central Ohio. An expansion was in the works when Franklin-based Acadia acquired Behavioral Centers of America in 2012. However, Acadia upsized the plans to add 40,000 square feet. Read more from Columbus Business First here.
Corrections Corp. of America will next spring have to hand over a $40 million-a-year Federal Bureau of Prisons contract to its main rival, GEO Group. BOP officials on Monday said about 1,400 inmates in CCA's complex in Youngstown, Ohio, will be moved to GEO facilities in Oklahoma and Pennsylvania. CCA says the contract, which officially expires in May, will account for about 2.5 percent of its 2014 revenues. The company also houses almost 600 inmates for the U.S. Marshals Service in Youngstown. CCA shares (Ticker: CXW) fell more than 3 percent after hours Monday but are still up about 10 percent over the past six months.
Local rehabilitation hospital developer and operator Centerre is again teaming up with the University Hospitals system in northeastern Ohio. The two entities plan to build a 50-bed, 55,000-square-foot facility on the west side of Cleveland. The hospital is expected to open its doors in 2016 and employ up to 150 people. Franklin-based Centerre has a hand in more than a dozen hospitals from Texas to Pennsylvania.
Nashville broadcaster Dominic Mancuso has been named the new vice president and general manager of two Cleveland, Ohio, television stations owned by Raycom Media, reports Cleveland.com. Mancuso is the general manager at three Nashville stations owned by Sinclair Broadcasting — Fox affiliate WZTV, MyNet affiliate WUXP and CW affiliate WNAB. He is also the current chairman of the Tennessee Association of Broadcasters. In Cleveland, he will replace Bill Applegate, who is retiring as GM of WOIO and WUAB.
"I've been doing as much research and learning as I can long-distance, but I really start learning the day I walk in the door," Mancuso said Tuesday during a telephone interview from his office in Nashville. "That's when I'll really dig in and get to know the people and the operation there. But Cleveland is Raycom's largest market, so it's a complete thrill and honor to be chosen to lead WOIO and WUAB."
The Lids Sports Group division of Genesco has signed a 10-year pact to be the official retail partner of Ohio State University athletics programs. Genesco already ran four Buckeye Corner stores in the Columbus area. Those will now become official Ohio State stores and the pact adds e-commerce, on-campus, arena/stadium and game-day concessions operations to the company's purview.
On a (maybe) unrelated note, shares of Genesco (Ticker: GCO) hit a new all-time high of $80.11 this morning on strong volume. They've climbed 12 percent in the past month and are up 35 percent over the past year.
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