Local business news in brief
Jan 17, 2007 at 8:57 AM
Holston Valley names VP of medical affairs
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KINGSPORT - Dr. Stephen Combs has been named vice president of medical affairs at Holston Valley Medical Center. Combs, a board-certified pediatrician, has served Holston Valley in various capacities over the past 12 years. He has been chairman of the medical staff quality management committee and was medical director of pediatrics and pediatric intensive care from 1996 to 2006. He most recently served as chief of staff in 2006. "I am pleased that Dr. Combs has accepted the position of vice president of medical affairs," said Blaine Douglas, president of Holston Valley. "He will strengthen our hospital on many fronts, including such important areas as safety initiatives and women and children's services at Holston Valley." Combs has completed the certificate program through the American College of Physician Executives and will be presented for the final tutorial in February as a certified physician executive. Along with his new role at Holston Valley, Combs will continue his pediatric practice at Gray Station Primary Care.
RMG buys 16 Little Caesars restaurants
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KINGSPORT - Restaurant Management Group announced Wednesday it has acquired 16 Little Caesars pizza restaurants throughout the Tri-Cities, adding to its Hardee's restaurant presence the company already has in the region. RMG purchased the Little Caesars from Megan & Me Investments, owned by Ken and Anita Bates of Kingsport. Terms of the sales were not disclosed. Included in the sale are multiple Little Caesars locations in Kingsport, Johnson City, Bristol and Morristown and single locations in six other nearby communities. These Little Caesars join with the 18 Hardee's restaurants RMG operates locally. Founded in 2000 with the initial acquisition of Hardee's restaurants in the Tri-Cities, RMG today operates 45 Hardee's in five states and is the fourth-largest Hardee's franchise operation in the United States. "We're very excited about acquiring the Little Caesars here because it's a good fit for our business as we expand in the Tri-Cities area, which has been very good to us," said Jack Mangan, president and chief operating officer of RMG. "In recent years Little Caesars have been very successful with the Hot-N-Ready value-priced pizza menu, and they are experiencing very strong growth. It's a family-owned business that has a popular menu that's proving very successful." Mangan said RMG will retain all employees who work at the local Little Caesars restaurants. RMG's total employment at its 61 restaurants will now exceed more than 1,500 with a payroll of more than $14 million. RMG has been named by Hardee's as National Franchise of the Year three times since 2000 in recognition of operating excellence, profitability, cleanliness and other factors.