Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, September 27, 1994 TAG: 9409270097
SECTION: BUSINESS PAGE: C8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Sterile Concepts Inc. stock is scheduled to go on sale this morning at $17 a share. The Richmond company has been a subsidiary of Carilion Health System of Roanoke.
It will be listed on the American Stock Exchange with the ticker symbol SYS. (It will be listed among Stocks of Regional Interest in the Roanoke Times & World-News.)
The issue price was at the low end of the $17-$19 projection made in April, but Tom Robertson, Carilion president, said he was "pleased" it was within the range. The $95 million yield expected from the stock sale will be used to pay off $75 million of Carilion debt and the expenses of taking the company public, and to cover Carilion's share of start-up costs of the health maintenance organization partnership Carilion has formed with Trigon Blue Cross/Blue Shield.
Carilion bought Sterile Concepts in 1984. The company assembles, packages and sterilizes ready-to-use custom procedure trays for hospitals, outpatient surgery centers and medical clinics.
- Staff report
Land grant may boost Dublin park
DUBLIN - The town of Dublin soon may be able to nearly triple the size of its industrial park through a donation of property by a former industry.
Dublin Town Council at a special meeting Monday afternoon expressed official interest in donation of 170 acres being considered by Burlington Industries.
The town secured 101 acres and 11 buildings totaling about 126,000 square feet from Burlington in 1993.
The additional acreage would include the former Klopman Mills Division's Newbern plant building and add some 406,000 square feet of improved space for use by other industries.
- Staff report
by CNB