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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Gentiva to buy Harden Healthcare for $408.8M

 

ATLANTA (AP) — Gentiva Health Services Inc. plans to purchase the home health, hospice and community care businesses of Harden Healthcare Holdings Inc. in a cash-and-stock deal worth about $408.8 million.

The Atlanta company said Thursday it will pay $355 million in cash and about $53.8 million in stock. Harden generated about $476 million in revenue last year, excluding the company's long-term care business, which its shareholders will keep.

Harden operates in 13 states and has a large presence in Texas. Gentiva provides home health and hospice care, including skilled nursing, physical, occupational, speech and neurorehabilitation services.

Harden shareholders and the boards of directors for both companies have approved the deal, which is expected to close in the fourth quarter.

Gentiva expects the acquisition to begin helping adjusted earnings, which exclude one-time costs, within the first year after it closes.

Gentiva shares closed at $11.14 on Wednesday. They have traded in a 52-week range of $8.47 to $13.85.
 

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