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LHC completes $10 million acquisition

LHC Group Inc., a Lafayette-based home nursing firm, has completed a previously announced $10illion deal for 13 home health agencies in six states. The Life Care Home Health agencies increase LHC’s geographical footprint to 350 locations in 29 states. LHC announced the deal in July. The agencies are expected to have no impact on Continue reading →

Latter & Blum acquires Patterson Real Estate Agency in Houma

Latter & Blum Inc. in New Orleans has acquired Houma-based Patterson Real Estate Agency Inc. This is the second addition for the company in as many months. “Our expansion into Lafayette in 2013, Lake Charles last month, and today’s entry into Houma-Thibodaux uniquely positions our company to benefit from the unprecedented industrial expansion underway in Louisiana,”… Continue reading →

State certifies first Livingston Parish property as development-ready

A 93-acre site in Walker is the first in Livingston Parish to be certified development-ready under the state economic development department’s certified sites program, according to the Baton Rouge Area Chamber and the Livingston Economic Development Council. The program allows companies to quickly and easily evaluate properties. Certified sites either have all the utilities and infrastructure in… Continue reading →

Mass. firm buys six properties in La.

Massachusetts-based Senior Housing Properties Trust has agreed to acquire 23 Class A medical office buildings, including six in Louisiana, for $539 million. The locations of the Louisiana buildings were not immediately available. However, Senior Housing Properties said the Louisiana properties have 40,575 square feet of space and their principal tenant is Fresenius Medical Care, a dialysis… Continue reading →

Businesses face increased risk of hacking

Advocate staff photo by ANGELA MAJOR -- Henry

It can take an entrepreneur years to save or raise the capital to start a business and build a brand, but a single data breach can wipe out all that work in a matter of moments. “One of the things that usually happens is no one worries about cyber until they get in a bind,… Continue reading →

Cyberterrorists could try to capitalize on natural disasters

While cyberattacks on businesses are a growing and worrisome problem, attacks on the nation’s “critical infrastructure,” such as water treatment and power plants, are truly frightening, said Henry “Paco” Capello, information systems program manager at LSU’s Stephenson Disaster Management Institute. “Louisiana has the most critical infrastructure of any other state. For natural gas alone, we account for… Continue reading →

Business Briefs for Aug. 31, 2014

A workshop on starting a business is being held by SCORE from 6 p.m. to 8 p.m Sept. 2 at the EBRP Main Library, 7711 Goodwood Blvd., Baton Rouge. Topics include myths and realities of entrepreneurship; critical success factors; know your options; components of business ownership; making it… Continue reading →

People in Business for Aug. 31, 2014

Dr. Kishore Gadde, Pennington Biomedical Research Center

BATON ROUGE AREA Dr. Kishore Gadde has been named medical director of Pennington Biomedical Research Center’s Allen A. Copping In-Patient Medical Unit. Gadde is a national leader in the field of obesity management and its co-morbidities. He holds the title of professor and has also been appointed as the inaugural Fairfax Foster Bailey Endowed… Continue reading →

Business Honors for Aug. 31, 2014

Boyd Mothe Jr., Mothe Funeral Homes in New Orleans

BATON ROUGE AREA Kayanush Aryana, an LSU AgCenter researcher and professor of dairy foods technology in the LSU College of Agriculture, received the International Dairy Foods Association Award in Dairy Food Processing at the American Dairy Science Association conference. The award recognizes individuals “whose research findings have allowed dairy foods processors to develop… Continue reading →

Business Meetings for Aug. 31, 2014

ASSOCIATION FOR CORPORATE GROWTH — LOUISIANA WHEN: Tuesday, 11:30 a.m. networking; noon luncheon WHERE: Roosevelt Hotel, 123 Baronne St., New Orleans SPEAKER: Dominik Knoll, chief executive officer of the World Trade Center New Orleans RESERVATIONS:Continue reading →

As stock market rises, so does anxiety

Photo provided by Wikimedia -- Bears in the the stock market say stocks  reflect years of future profit gains and could suffer because so many economies around the world are stumbling.

Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a… Continue reading →

Radiant acquires oil field project in St. Mary Parish

Radiant Oil & Gas Inc., an independent oil and gas exploration and production company in Houston, said it has acquired the Garnet project, a 1,000-acre field in St. Mary Parish. The field was originally discovered and developed by Sun Oil Co. Radiant said it outbid four other parties in a competitive lease sale to acquire… Continue reading →

Eco-friendly flame retardant to be produced as part of Albemarle, Israeli firm joint venture

Albemarle Corp., a Baton Rouge specialty chemicals maker, and ICL, an Israeli manufacturer, have formed a joint venture to produce polymeric flame retardants that will replace hexabromocyclododecane, now found worldwide in the environment, animals and people. The joint venture and its partners will own and operate an existing 2,640-ton Netherlands plant and an 11,000-ton plant in Israel,… Continue reading →

Rouzan lots sell for $1.4 million

Twenty-one lots in the Rouzan traditional neighborhood development have been sold for $1.4 million. Level Homes bought the lots in deals that were filed Wednesday afternoon in the East Baton Rouge Clerk of Court’s office. Twenty of the lots were sold by Glasgow Partners LLC, an entity set up by Rouzan developer Tommy Spinosa and Brian McCullough,… Continue reading →

La. gains construction jobs

All of Louisiana’s metro areas surveyed in July by the Associated General Contractors of America added construction jobs over the past year, with Lake Charles and Baton Rouge leading the way. Lake Charles had a 27 percent gain in construction employment, the best among the 339 metro areas surveyed by the AGC during a 12-month period that… Continue reading →

Crest Industries acquiring Eunice company, adding 20 jobs

Crest Industries is acquiring the assets and will expand the workforce of Eunice-based Precision Cutting Specialties Inc. Crest, based in Pineville, will invest $5 million to develop a new cutting, machining and fabrication facility in Eunice and add new machining centers to existing PCS equipment. Crest will retain 18 PCS jobs, and the expansion… Continue reading →

Turner Industries opens equipment repair facility

A 50,000-square-foot Turner Industries Equipment Repair Facility has opened at 2865 Mason Ave. in north Baton Rouge near the intersection of Interstate 110 and Airline Highway. The $7.5 million facility, at the original site of Turner Industries, will maintain, service and perform repairs for a fleet of nearly 2,000 motor vehicles and pieces of equipment. The… Continue reading →

Mexican sugar ruling gets praise

Advocate staff file photo by BRYAN TUCK -- Sugar cane is harvested from a field along last year in Youngsville. The U.S. Commerce Department issued a prelimary finding Tuesday that the Mexican government illegally subsidized sugar exported to the United States.

Representatives of the Louisiana sugar cane industry and elected officials praised a preliminary finding of the U.S. Commerce Department on Tuesday that the Mexican government illegally subsidized sugar exported to the United States. As a result of the preliminary ruling, a duty deposit will be collected on sugar imports from Mexico until the government can complete its… Continue reading →

Summit Electric Supply starts Gonzales construction

Summit Electric Supply has begun construction on a facility at 3348 S. Burnside in Gonzales. The facility will include 50,000 square feet of warehouse space — nearly twice the capacity of Summit’s current Gonzales location on West Orice Roth Road. The move also allows Summit to expand its counter sales area, offer additional customer service support… Continue reading →

Hanley’s Foods hires co-packer to increase production

LSU AgCenter Food Incubator tenant Richard Hanley of Hanley’s Foods has hired a co-packer to make his Sensation salad dressing. The deal will allow Hanley to produce 650 gallons of salad dressing a day, helping him meet demand for his product. “This is a huge accomplishment,” Food Incubator Director Gaye Sandoz said. “Reaching the level of… Continue reading →

Larose teen gets heart transplant, tests it by meeting Timberlake

Emily Sanchez and Justin Timberlake

A Larose teen got a heart transplant and then, thanks to Kids Wish Network, a Florida nonprofit, met heartthrob Justin Timberlake and attended his concert in New Orleans. Emily Sanchez’s wish also included a included a mother/daughter day before with lunch at Bravo! Cucina Italiana and a shopping excursion courtesy of Lakeside Shopping Center. Emily and her… Continue reading →

La. third-most tax-friendly state

Louisiana is the third-most tax-friendly state in the nation, personal finance forecaster Kiplinger reported Monday. In the Kiplinger-ranked order, the five most tax-friendly states were Delaware, Wyoming, Louisiana, Mississippi and Alabama. The five least tax-friendly states were listed by Kiplinger as California, Connecticut, New Jersey, New York and Hawaii. Officials at Kiplinger, based in Washington,… Continue reading →

Home sales post gain in July

Home sales in metro Baton Rouge increased by 2 percent in July, thanks to increased sales in East Baton Rouge and Livingston parishes. There were 856 home sales that closed in July in the nine-parish area, according to figures released Monday by the Greater Baton Rouge Association of Realtors. That compares with 839 closed sales in July 2013. The… Continue reading →

‘Engster Show’ changing stations

Jim Engster

For the past decade, “The Jim Engster Show” has been Baton Rouge public radio’s place for local political and cultural discussion. Starting in November, the show will have a new home, a larger reach and, perhaps, an edgier tone. Engster, who has interviewed local and national personalities in the 9 a.m. to 10 a.m. slot on WRKF-FM,… Continue reading →

EBR hotel tax revenues post gains

Tax receipts generated from local hotel occupancy in East Baton Rouge Parish jumped by more than 35 percent in May, and by 12 percent in June over the same periods in 2013. The occupancy tax is the sole source of funding for Visit Baton Rouge, which receives 3 percent of receipts. Visit Baton Rouge President and CEO… Continue reading →

Report: United Health seeks to sell health-exchange policies in Louisiana

UnitedHealth Group Inc. has applied to sell health coverage to Louisiana residents through the online federal marketplace in 2015, according to The Wall Street Journal. Louisiana is one of two dozen states where UnitedHealth’s insurance arm, UnitedHealthcare, may make coverage available through the Affordable Care Act-created marketplace. The others include Texas, Georgia, Pennsylvania, Ohio, Michigan… Continue reading →

Profit in prevention

The UnitedHealthcare-Ochsner Health System partnership is the latest of at least a half-dozen Accountable Care Organizations that have sprung up in Louisiana in the past few years. More of the coordinated-care groups are expected as insurers and providers shift to agreements that offer incentives for keeping patients healthy and lowering costs. Ochsner now has four… Continue reading →

Business Briefs for Aug. 24, 2014

. Marketing, franchise seminars set by SCORE SCORE will be holding seminars this week on small-business marketing and on operating a franchise business. --The small-business marketing seminar will be from 6 p.m. to 8 p.m. Tuesday in the East Baton Rouge Parish Main Library, 7711 Goodwood Blvd. It will focus on offers and promotions, such as a simple coupon or a Facebook… Continue reading →

Business Honors for Aug. 24, 2014

Kevin Latiolais, MidSouth Bank’s Lafayette regional president, has been recognized among Top Lenders for 2014 by the Independent Community Bankers of America’s publication, Independent Banker. He is featured in its July issue. He is among eight lenders the publication calls “Main Street Sensations” because they are making a big difference for their banks,… Continue reading →

Business Meetings for Aug. 24, 2014

LIVINGSTON ECONOMIC DEVELOPMENT COUNCIL WHEN: Wednesday, 11:30 a.m. WHERE: Forrest Grove Plantation, 8743 Stephenson Drive, Denham Springs SPEAKER: Louisiana Commissioner of Insurance Jim Donelon, who is expected to discuss topics including the Affordable Care Act, escalating flood insurance rates… Continue reading →

N.O. gains 12,600 jobs in year

The New Orleans and Baton Rouge metro areas each gained 12,600 nonfarm jobs over the year ended July 31, the Louisiana Workforce Commission reported Friday. Seasonally adjusted numbers showed New Orleans had an uptick of 2.31 percent to boost its job total to 557,300. The service-providing sector was responsible for most of that… Continue reading →

Growth Coalition awards top developments

Thirteen of the top developments built locally over the past two years were recognized by the Baton Rouge Growth Coalition at the group’s Good Growth Awards Gala on Thursday night in the Renaissance Hotel. The awards honor developments that are “raising the bar” on development in Baton Rouge, through concepts such as smart growth principles and finding… Continue reading →

Port eyes deal with two tenants

Committees of the Greater Baton Rouge Port Commission recommended approval Thursday of two tenant lease agreements worth a combined $294,000 over the next 28 months. If approved by the full commission next week, Stupp Coatings LLC would pay the port $156,000 for a 1-year lease on 24 acres at the port’s Inland Rivers Marine Terminal in Port… Continue reading →

BR riverboats post gain

A strong performance at the Belle of Baton Rouge helped Baton Rouge’s three riverboat casinos bring in slightly more money in July than they did the year before. The riverboats brought in just over $24.1 million in July, compared with $24 million in July 2013, an 0.4 percent gain, according to figures released Thursday by the… Continue reading →