HIgh Point Regional drops trauma center designation

December 10, 2014

(High Point Enterprise)

High Point Regional Hospital voluntarily withdrew its Level 3 trauma center designation in July, according to a spokeswoman from the N.C. Department of Health and Human Services. A representative from the health system said the hospital still treats trauma patients despite the change in designation. North Carolina has 12 trauma centers across the state.

Wake Forest to build $100M medical school

December 9, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center will move its medical-education programs to its Innovation Quarter research park in downtown Winston-Salem. Half the funds for the $100 million project will come from a capital campaign while the other half will come from historic tax credits. The building is expected to open to medical students in July 2016.

Winston-Salem's IMG College faces job cuts

December 8, 2014

(Winston-Salem Journal)

The parent company of IMG College will cut 3% of its workforce over the next few weeks, which could lead to the loss of 27 jobs for the Winston-Salem-based sports-marketer. IMG Worldwide, parent of IMG College – which has partnerships with more than 90 universities – was acquired by Beverly Hills-based talent agency William Morris Endeavor Entertainment in 2013 in a deal valued at about $2.4 billion.

Hanesbrands adding 75 jobs at Mount Airy sock plant

December 5, 2014

(Winston-Salem Journal)

Hanesbrands will invest $500,000 and add 75 jobs at its Mount Airy sock manufacturing plant, where the Winston-Salem-based apparel-maker currently employs 230. The town will provide $67,500 in incentives, including job skills training. A company spokesman said the incentives "helped solidify the decision" to expand local production.

Raleigh incubator expanding to Greensboro

December 4, 2014

Raleigh-based business incubator HQ Raleigh, which hosts more than 90 companies at its downtown Raleigh offices, is expanding to Greensboro in a partnership with Gate City developer Andy Zimmerman.

Greensboro's Unifi partners with UNC Athletics

December 4, 2014

(News & Record, Greensboro)

Greensboro-based Unifi is partnering with UNC Athletics in a plastic-bottle recycling challenge. The company's REPREVE division makes products from recycled fibers. To create awareness for the program, each person attending UNC's basketball game vs. Iowa on Wednesday was given a green UNC basketball t-shirt made from two recycled bottles. If the Tar Heels meet a campus recycling goal, Unifi will make a donation to the UNC Lineberger Comprehensive Cancer Center.

Greensboro's Prospect Brands buys menswear company

December 3, 2014

(Winston-Salem Journal)

Prospect Brands will acquire a majority interest in Midway, Ky.-based men's apparel-maker Crittendon & Co. The Greenboro-based company's brands include Duck Head and Gerbing, an outerwear manufacturer.

Southern Season to open Mebane distribution center

December 2, 2014

(The Times News, Burlington)

The city of Mebane approved a $90,000 incentive package for Chapel Hill-based Southern Season to build a $5.8 million to $5.9 million distribution center by summer 2015. The company operates stores in Chapel Hill, Charleston, S.C., and Richmond, Va. and plans to add more stores. The distribution center will employ 45 workers.

Eden hospital cuts 22 positions, reduces hours for 160 employees

December 2, 2014


Morehead Memorial Hospital in Eden announced it will cut 22 jobs and reduce hours for 160 staff members. The hospital said it has experienced a 30% decrease in inpatient services over the past three years. Morehead eliminated 22 jobs in May. 

BNC Bancorp completes acquisition of SC bank

December 2, 2014

(Winston-Salem Journal)

BNC Bancorp, parent company of Bank of North Carolina, has completed its $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group, giving the High Point-based bank a total of 51 branches in the Carolinas. BNC announced in November plans to acquire Valley Financial of Roanoke, Va. for $101.3 million. That deal is expected to close in the second quarter of 2015.

Longtime Novant Health exec resigns

December 2, 2014

(Winston-Salem Journal)

Sallye Liner will step down as chief clinical officer of Winston-Salem-based Novant Health after four and a half years in the post. A 38-year company veteran, Liner previously served as president of Forsyth Medical Center and was chief operating officer for 11 years.

Wake Forest School of Business partners with Lowe's Foods

December 1, 2014

(Winston-Salem Journal)

Through a partnership with Winston-Salem-based Lowe's Foods, business students from Wake Forest University are tracking shoppers' habits in 10 of the company's grocery stores. The goal of the program is to give students real-world business-analytics experience while providing the company and manufacturers insight into customers' shopping habits. 

Greensboro developer plans spec building

November 26, 2014

(The News & Record, Greensboro)

Developer Simpson Schulman & Beard announced plans to build a 200,000-square-foot industrial building on a site at Rock Creek Dairy Road and Franz Warner Parkway in Rock Creek Center in eastern Guilford County. The site, which has no planned tenant, would provide more space for the nearly full business park.

RF Micro to complete TriQuint acquisition Dec. 31

November 25, 2014

(News & Record, Greensboro)

Greensboro-based RF Micro Devices will complete its $1.6 billion acquisition of Hillsboro, Ore.-based TriQuint Semiconductor on Dec. 31. In a joint release, the two chipmakers said they have received shareholder and regulatory approval for the merger and the new company, named Qorvo, will begin trading on the NASDAQ stock exchange on Jan. 2, 2015.

Burlington's LabCorp completes LipoScience acquisition

November 24, 2014

(The News & Observer, Raleigh)

Laboratory Corporation of America completed its $83.5 million acquisition of Raleigh-based LipoScience last week after shareholders of both companies approved the deal. Burlington-based diagnostics company LabCorp employs 34,000 worldwide, including 6,800 in North Carolina.

Mount Airy-based Pike sets date for shareholder vote on buyout

November 21, 2014

(Winston-Salem Journal)

Shareholders of Mount Airy-based Pike Corp. will vote Dec. 18 on a $595 buyout proposal. New York private-equity investment firm Court Square Capital Partners will help fund the buyout of the energy company, which employs 5,700 across the United States.

BB&T announces plans for new Pennsylvania banking regions

November 21, 2014

(Winston-Salem Journal)

BB&T will create three new geographic banking regions upon completion of its $2.5 billion acquisition of Pennsylvania-based Susquehanna Bancshares, and the company named three Susquehanna executives as regional presidents. The Winston-Salem-based bank also plans to form a new region for the state of Maryland. The deal is expected to close in the third quarter.

Duck Head retail store to open in Greensboro on Black Friday

November 19, 2014

(News & Record, Greensboro)

Prospect Brands will open a Duck Head flagship store in downtown Greensboro on Nov. 28, or Black Friday. Prospect acquired the 150-year-old apparel brand in 2013 and set up its headquarters in Greensboro. A grand-opening celebration will be held on Dec. 6-7.

BNC Bancorp announces $101M acquisition of Virginia bank

November 18, 2014

(Winston-Salem Journal)

High Point-based BNC Bancorp will acquire Roanoke, Va.-based Valley Financial Corp. for $101.3 million in an all-stock deal. Valley Financial has nine branches in Roanoke and Salem, Va., and $857 million in assets. BNC has 47 branches in the Carolinas and will gain four more when it completes a pending $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group later this month. 

Reynolds American to launch cigarette that heats tobacco

November 18, 2014

(Winston-Salem Journal)

Winston-Salem-based Reynolds American will introduce a cigarette that uses a carbon tip to heat tobacco rather than burning it. Revo will launch in Wisconsin in early 2015.