Advanced Disposal completes IPO
Ponte Vedra-based Advanced Disposal Services, Inc. has completed its initial public offering, offering more than 19 million shares of its common stock at $18 per share.
Shares began trading Oct. 6 on the New York Stock Exchange under the ticket symbol “ADSW.”
The underwriters have the option to purchase up to an additional 2,887,500 shares of common stock. Advanced Disposal intends to use the net proceeds from the shares offered to repay outstanding borrowings under the Term Loan B portion of its senior secured credit facilities.
The fourth largest solid waste company in the United States, Advanced Disposal provides non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 16 states and the Bahamas.
Memorial Hospital to begin $23 M Emergency Department expansion
Memorial Hospital will begin a $23 million expansion of its main Emergency Department early next year.
In addition to adding 23,000 square feet of new construction, the project will renovate the existing emergency department, and expand and remodel the entrance to combine all adult and pediatric services under one roof. A new rooftop helipad and expanded parking will also be added through the project, which is expected to take approximately 18 to 24 months to complete.
“As the busiest ER in Jacksonville, we continue to see an increase in patients choosing our Emergency Department for their emergency care needs,” President and CEO Jim O’Loughlin said. “By expanding our ER, we will be able to meet the community’s growing needs, while treating patients more quickly and efficiently.”
Traffic and parking will be rerouted throughout the project, with signage to direct patients, visitors and staff on how to access the ER.