Tag Archives: merger

FTC approves Community Health-HMA merger

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Community Health Systems acquisition of Health Management Associates moved a step closer Wednesday with an agreement with the Federal Trade Commission.
Under terms of the agreement, Community Health will divest itself of two hospitals owned by HMA —  Riverview Regional Medical Center in Gadsden, Alabama, and Carolina Pines Regional Medical Center in Hartsville, S.C.
Franklin, Tenn.-based Community Health said the divestitures would not have a “meaningful impact on the combined company’s financial operations or cost-savings.”
HMA, based in Naples, Fla., owns Tennova Healthcare, which operates six hospitals in the Knoxville region.
Community Health has agreed to buy HMA for $3.9 billion in cash and stock. The sale is expected to close at the end of January.
Click here for Community Health’s news release.

Green Mountain merger target?

 

Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?

Green Mountain Coffee

Green Mountain Coffee

The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.

Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.

 

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Southwest-AirTran merger good for Knoxville

AIRTRAN+AIRWAYS+SOUTHWEST+M.jpgSouthwest Airlines announcement today that it intends to buy AirTran Airways could be good news for Knoxville air service.

Regional air travel advocates have tried for years to convince Southwest to come to Knoxville. AirTran is already in Knoxville, offering flights to Orlando.

If the merger goes through, Southwest could add AirTran flights in Knoxville.

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Is merger the answer for National Coal?

Knoxville-based coal producer National Coal Corp. is taking a look at possible merger with other coal companies to help it bounce back from a tough year.

National Coal announced Tuesday it has hired a financial advisor to examine merger and other financial alternatives.

The company has battled hard in recent months to restore balance to its balance sheet. It has sold millions of dollars worth of assets and is fighting to avoid delisting by Nasdaq.

Merger is only one strategic option. It will be interesting to see what the advisor recommends.

National Coal financial statement.

Flying J-Pilot merger getting closer

It looks like Knoxville-based Pilot Travel Centers’ take-over of the Flying J truck stop chain is close to happening.

The Salt Lake Tribune reports that Flying J could come out of bankruptcy by the end of July. Also, Flying J CEO Crystal Call Maggelet told the Tribune the merger with Pilot is “in the last stages of [Federal Trade Commission] approval.”

It’s been nearly a year since Pilot and Ogden, Utah-based Flying J announced plans to merge. When the deal finally happens it will make Pilot, which is already a major player in the national travel center busines, THE major player with 550 or more locations in North America.

The big dog keeps getting bigger.