Sale of Providence Hospitals appears imminent

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The Columbia health care provider is expected to sign a letter of intent on Tuesday to sell to an unidentified buyer, sources told the Columbia Regional Business Report. The future of Providence, which has struggled to make a profit in recent years, has been a source of speculation since founding organization Sisters of Charity regained full control in 2001.

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Report: Pressure building for new industrial space

Rates are beginning to rise to support new construction and are expected to go higher as space tightens, Nick Stomski, senior broker at NAI Avant, said in the firm’s market report for the first quarter. “With the tightened vacancy rate, and continued net absorption, rates will have to increase as demand will drive new building inventory to the market,” he said. Read More...

Flax fiber manufacturer shutters Pee Dee plant

Crailar, a manufacturer of flax fiber that’s blended with cotton, announced a net loss of $8.2 million for the fourth quarter of 2014 mainly due to costs associated with the shuttering its Pamplico facility. Read More...

Board picks former Duke Energy president to run DHEC

Catherine HeigelCatherine Heigel, formerly president of Duke Energy South Carolina, is currently general counsel for Elliott Davis Decosimo, an accounting firm headquartered in Greenville. She succeeds Catherine Templeton, who resigned in January as director of the S.C. Department of Health and Environmental Control. Read More...

McLean to move into CEO role at EDENS

Jodie McLean, who has been with the company for about 20 years, will transition into the CEO role effective June 30. She’ll succeed Terry Brown, who plans to step down as chairman and CEO of the firm, which is an owner and developer of community shopping centers. Read More...


City names new chair of minority business council

Greg Davis, who has more than 20 years of experience with small business development and minority relations, will chair the Mayor’s Minority Business Council. The panel is made up of about 20 minority small business owners.  Read More...

Boeing picks MAU Workforce Solutions as supplier for contract workers

MAU Workforce Solutions will supply contract workers to Boeing South Carolina as needed through the Boeing Contact Labor Program. Boeing South Carolina is not currently hiring contract workers.  Read More...