Industries

For the Record:  Southwest Virginia - May 2010

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The Bristol Herald Courier won the Pulitzer Prize for Public Service. A series of articles by reporter Daniel Gilbert explored how gas ownership conflicts led a state board to funnel millions of dollars of royalties into escrow over 20 years. The paper’s research revealed that gas companies had failed to pay royalties into escrow. Since the series ran, two corporations have paid more than $1 million in delinquent royalties. (Bristol Courier Herald)

Carilion Labs, the subsidiary laboratory of Carilion Clinic, Roanoke, merged with Spectrum Laboratory Network of Greensboro, N.C. The business will be one of the 10 largest lab services in the country. Carilion will maintain a 33 percent stake in the operation. (Roanoke Times)

Roanoke sold the city landmark Commonwealth Building to 220 Church LLC for $3.7 million. The facility was built in 1932 and housed federal and state agencies. Only the U.S. Bankruptcy Court remains. Plans call for leasing to commercial tenants and government agencies. (Roanoke Times)

The Homestead, a resort hotel in Hot Springs, will spend $4 million to renovate 157 of its guest rooms and three meeting rooms. The hotel also hired a new executive chef, Mark Gallaudet, formerly with the Boar’s Head Inn in Charlottesville and the Athenaeum Club in Pasadena, Calif. (Richmond Times-Dispatch)

Lewis-Gale Medical Center filed a request with the state to expand its surgical capabilities. Citing a 14 percent increase in hours spent in its operating rooms, the hospital proposed spending $4 million to add two operating rooms. (Roanoke Times)

TeamHealth Holdings Inc., a Knoxville, Tenn., health-care staffing company, bought Southwest Emergency Physicians Inc., which staffed the emergency department at Lewis-Gale Medical Center. There were no plans to cut positions within the ER as part of the deal. (Roanoke Times)

Virginia Tech entered into a partnership to establish Virginia Tech MARG Swarnabhoomi, India, a proposed 30-acre campus site in the Indian state of Tamil Nadu, which will offer postgraduate study in engineering and the sciences. (News release)

 


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