Mississippi Business Journal » acquisition

Court rules in clinic dispute involving St. Dominic, HMA

Associated Press — Sun, 19 May 2013 19:38:25 +0000

CANTON — The Mississippi Supreme Court has granted a motion from St. Dominic Health Systems to dismiss its appeal of a judge’s order that it did not have a binding contract to buy an outpatient surgery clinic in Canton. The dismissal order was made public by the court late last week. St. Dominic had argued [...]

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City, state to hold second sale of tax-forfeited property

MBJ Staff — Fri, 17 May 2013 12:07:06 +0000

GREENVILLE — Secretary of State Delbert Hosemann and Greenville Mayor John Cox are hoping the second round of tax-forfeited land sales in Greenville will be just as successful as the first. In a joint press conference, Hosemann and Cox announced the public sale of another 94 parcels of tax-forfeited land, valued at $210,000. “I would [...]

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Check-cashing firm buys 10 more stores across Miss.

MBJ Staff — Thu, 16 May 2013 17:53:02 +0000

MADISON — All American Check Cashing announced today the completion of the acquisition of 10 payday loan retail stores today throughout Mississippi. Terms were not disclosed. This marks the second merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana to 44. The payday loan [...]

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State buys more property on Gulf island for $8M

Associated Press — Fri, 03 May 2013 11:30:55 +0000

MISSISSIPPI GULF COAST — The state of Mississippi has bought 217 more acres of Cat Island to set aside for public use. About one-third of Cat Island is part of the National Park Service’s Gulf Islands National Seashore and BP purchased about one-third of the island following the 2010 oil spill from the Boddie family, [...]

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One of city’s oldest buildings gets new owners

Associated Press — Thu, 02 May 2013 12:37:01 +0000

NATCHEZ — A new owner plans to breathe new life into one of Natchez’s oldest structures. Natchez native, chef and restaurateur Regina Charboneau, her husband Doug and their son Jean Luc recently purchased King’s Tavern. Over the next several months, the family plans to clean up the property and eventually reopen the restaurant as early [...]

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The First buys Alabama bank for undisclosed sum

Associated Press — Tue, 30 Apr 2013 12:37:16 +0000

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now [...]

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County to buy abandoned warehouse, industrial property

Associated Press — Mon, 29 Apr 2013 16:37:20 +0000

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley [...]

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Law clears way for UMMC to take over hospital

Associated Press — Sun, 28 Apr 2013 23:14:23 +0000

GRENADA — Legislation that would allow the University of Mississippi Medical Center to take over a hospital in Grenada has been signed into law. Gov. Phil Bryant signed House Bill 1721. It takes effect immediately. Grenada County has been shopping around the county-owned Grenada Lake Medical Center since last summer. The bill would allow the [...]

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Prospective buyer approaches supervisors about hospital

Associated Press — Fri, 26 Apr 2013 11:39:32 +0000

NATCHEZ — Less than five years after Adams County failed to find a buyer for county-owned Natchez Regional Medical Center, at least one interested buyer recently emerged. The Natchez Democrat reports the potential buyer approached several Adams County supervisors. Supervisor Mike Lazarus says it’s too early to tell what will come from the inquiry, but [...]

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Renasant sees post-merger earnings increase

MBJ Staff — Wed, 24 Apr 2013 12:09:21 +0000

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. “Our strong start [...]

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