Posts Tagged ‘merger’

UMMC merging rehab services with Methodist

JACKSON — The University of Mississippi Medical Center will merge some functions with a neighboring rehabilitation hospital. The College Board approved the agreement with Methodist Rehabilitation Center today. UMMC will close its inpatient rehabilitation unit over the next two years and move it into Methodist’s building, hiring some of Methodist’s physicians and nurse practitioners as […] [...]

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013′s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013′s first quarter. Because that […] [...]

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market […] [...]

Venture Technologies merging with ISC, acquiring SAT

RIDGELAND — Venture Technologies intends to merge with Information Systems Consulting Inc. (ISC), a Denver-based advanced technology solution provider. Founded in 1998 in Casper, Wyo., ISC provides basic and advanced IT infrastructure solutions throughout Colorado, Wyoming, and Utah and operates a SOC 2 Type II Audited Data Center in Englewood, Colo. Venture reports that this […] [...]

Full House buying Fitzgerald’s Casino for $62M

TUNICA — Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica from Majestic Star Casino, LLC. The purchase price is $62 million, exclusive of working capital and other adjustments, fees and expenses as of the closing date. The agreement is subject to Full House obtaining financing for the acquisition within 90 […] [...]

Colorado company purchases MedStat EMS

WINONA — American Medical Response (AMR) has acquired MedStat EMS Inc. in Winona as well as Life Line Ambulance in Prescott, Ariz. Terms were not disclosed. The acquisitions will generate estimated annual revenues of $36 million and employ more than 250 clinicians and support team members, according to AMR. “Life Line and MedStat are outstanding […] [...]

The First acquiring Alabama bank in cash/stock deal

HATTIESBURG — First Bancshares is expanding further into Alabama, announcing yesterday that it will buy BCB Holding Co. of Mobile, Ala., for about $6.6 million in cash and stock. BCB is the parent company of Bay Bank, which has $80 million in assets. Hattiesburg-based First Bancshares, the parent company of The First, says it expects […] [...]

Cal-Maine closes on acquisition of Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has closed the previously announced acquisition of 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Delta Egg Farm owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying […] [...]

Cal-Maine buys remaining interest in Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. has reached an agreement to acquire 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Cal-Maine currently owns the remaining 50 percent of Delta Egg Farm, so the entity will become a wholly owned subsidiary of the company. […] [...]

Home Bancorp completes acquisition of B&K

NATCHEZ — Home Bancorp Inc., the Lafayette, La.-based holding company of the 105-year-old Home Bank, has completed its acquisition of Britton & Koontz Capital Corporation, the holding company of Britton & Koontz Bank, N.A. Shareholders of Britton & Koontz will receive $16.14 per share in cash, resulting in an aggregate deal value of $34.5 million. […] [...]

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