Bon Secours Mercy Health, one of the 20 largest health systems in the nation and the fifth-largest Catholic health system in the U.S., has acquired through an asset purchase agreement, affiliates of Community Health Systems, Inc. (CHS), transitioning ownership of Southside Regional Medical Center, Southampton Memorial Hospital and Southern Virginia Regional Medical Center to Bon Secours Mercy Health. The deal was effective as of January 1st.
The three hospitals are now part of Bon Secours’ network, expanding the health system’s network of care to the communities in southeastern Virginia.
“Today, in celebrations at each hospital, we welcome Southside Regional Medical Center, Southampton Memorial Hospital and Southern Virginia Regional Medical Center into our compassionate ministry,” said John Starcher, Bon Secours Mercy Health president and CEO. “Southeastern Virginia is a rapidly growing area, and we look forward to continuing to invest in the health and well-being of area residents while ensuring our facilities are places where associates want to work, clinicians want to practice, people seek wellness and communities thrive.”
Clinical and operations leaders began working together this fall, to create a seamless transition of care delivery, keeping the patient at the center of all care and services provided. The three facilities will join the Catholic tradition of Bon Secours Mercy Health, continuing to provide quality compassionate care to patients of all faiths and traditions.
The acquisition unites the complementary strengths of each facility with the best practices and strong foundation of a regional health system for the benefit of the community. Together, the teams are focused on creating a leading health care system across Virginia, achieving economies of scale and enhancing access for growing populations. The three hospitals are part of the Bon Secours Mercy Health Atlantic Group. Southside Regional Medical Center and Southern Virginia Regional Medical Center are in the Richmond market, and Southampton Memorial Hospital is now part of the Hampton Roads market.
“I am excited Southside Regional Medical Center and Southern Virginia Regional Medical Center have joined the Richmond market,” said Faraaz Yousuf, president of Bon Secours Richmond market. “Our ministry is known for its ability to sustain and enhance medical services in a variety of communities, and I look forward to finding synergies and working with our new associates to serve the communities of Petersburg and Emporia, Virginia.”
This expansion comes two months after the system announced its intent to acquire the three hospitals and their assets. All active associates in good standing at Southside Regional Medical Center, Southampton Memorial Hospital and Southern Virginia Regional Medical Center have joined Bon Secours Mercy Health and have worked closely with leaders to ensure a smooth transition. Bon Secours Mercy Health leaders have been on site over the past 60 days to help transition associates into the health system, sharing information about Mission, vision, core culture behaviors, identifying best practices and opportunities, and clarifying next steps.
Axe-throwing chain set to open near The Circuit Arcade Bar in Scott’s Addition
The venue will open in the former Nicholson Sprinkler Corp. building at 3100 W. Leigh Street in the heart of the neighborhood.
From Richmond BizSense:
After its first attempt to get into the Richmond market fell flat, a Canadian axe-throwing bar is back with a location coming to Scott’s Addition.
Bad Axe Throwing is preparing to open at 3100 W. Leigh St. in a 5,000-square-foot space in the old Nicholson Sprinkler Corp. building.
Based in Ontario, Bad Axe has nearly 50 locations throughout the U.S., Canada and the U.K. In 2018, it began planning a Richmond location on West Broad Street, across from the forthcoming Whole Foods in Sauer Center.
But those plans fell through last spring. Bad Axe owner Mario Zelaya said there was an issue about the amount of parking available at that location, which caused them to scrap the plans.
Nine-acre Elks Lodge property near Innsbrook slated to be transformed into mixed use development
Highwoods Properties paid $3.3 million for the nine-acre Elks Lodge near Innsbrook After Hours and plans to mull over mixed-use, high density options for the site.
From Richmond BizSense:
One of the biggest landlords in Innsbrook has amassed more land in the area, this time snagging a block of acreage next to the site where the Innsbrook After Hours concert series is held.
Highwoods Properties last month bought the Benevolent & Protective Order of Elks Lodge No. 45 property at 10022 Elks Pass Lane in Henrico. It paid $3.3 million for the 9-acre assemblage, which adds to another 12 adjacent and largely undeveloped acres the company already owns.
Jane DuFrane, Highwoods’ vice president and local market lead, said the company still is mulling options for the Elks land and adjacent sites, including developing a “walkable community with a mix of uses.”
“The Elks Lodge property’s contiguous proximity to our other land holdings and existing office buildings made it a natural fit for our portfolio,” DuFrane said in an email.
Container Store, Chase Bank taking over two adjacent properties at Short Pump Town Center
The former hhgregg appliances and electronics store and neighboring Matchbox restaurant are being transformed into two new-to-Richmond brands.
Two neighboring properties at the entrance of Short Pump Town Center are set to be transformed into homes for two new-to-Richmond brands – both as reported by Richmond BizSense.
The former Matchbox Restaurant on W. Broad Street is currently being eyed for a new Chase Bank, BizSense says. Plans have been filed to transform the two-story building into a bank and drive-thru. Read more about the plans here.
Across the road, the former hhgregg appliance and electronics store – originally built as a Circuit City – is being rehabbed into a new location for The Container Store, which sells home organization and storage solutions. Check out progress of the transformation here.