With several local companies being successfully wooed by out-of-state suitors, one Peachtree Corners business has wrapped up some long-distance courting of its own.
Pediatric Services of America, the home health care company for sick infants and children, said it's expanding its nursing business in greater Chicago. The company agreed to a $1.6 million cash deal that lets it acquire Melmedica Children's Healthcare Inc.'s Illinois nursing branches in Schaumberg, Oak Lawn, Bloomington, Collinsville and Country Club Hills, along with another Melmedica business in Indianapolis.
"We continue to see a number of opportunities available in attractive markets and remain focused on executing our acquisition strategy within the private duty nursing segment," Pediatric Services of America CEO Daniel Kohl said.
Melmedica, whose 2005 revenue was $10.8 million, keeps its accounts receivable according to the deal, which is expected to close in the third or fourth quarter.
Dacula Wal-Mart meeting
Wal-Mart is coming to Dacula.
Well, at least its officials are for a day.
Representatives of the Bentonville, Ark.-based retail giant will hold an open house Monday at Dacula City Hall. They'll answer questions about a proposed Super Wal-Mart at Harbins Road just south of Ga. Highway 316.
The public hearing lasts from noon to 2 p.m.
EMS turns first-quarter profit
EMS Technologies started its first quarter on a high note.
The Norcross company turned a $200,000 profit as its wireless communications equipment produced record revenues. Its 2 cents-per-share earnings improved from the first quarter of 2005, when EMS lost $300,000, or 3 cents per share. Earnings from continuing operations were $2 million, or 15 cents per share. The company saw sales jump 24 percent to $74.7 million, up from $60.2 million a year ago.
Analysts expected first quarter earnings of 16 cents per share on $70.1 million in revenue.
A longtime Lawrenceville business may be changing its address.
Artistic Builders Supply and Artistic Floor Covering, part of the city's downtown for almost 50 years, may move from Crogan Street to Buford Drive. The reason: The state Department of Transportation plans to widen Crogan Street and install a median.
- Staff reporter Bryan Books contributed to this
Doug Sams can be reached via e-mail at firstname.lastname@example.org.