Olive Ventures on monitor to go public
MDH Acquisition Corp., a non-public fairness firm owned by Franklin McLarty, introduced a partnership Friday to take public PayLink Direct, an business main cost providers supplier that presently has the most important market share, and Olive.com, a number one digital car safety plan platform. The businesses will turn out to be public as Olive Ventures Holdings Inc. often called Olive.com, the identify of the present digital platform.
The brand new public firm, Olive.com, might be a mixture of two platforms: Olive.com’s present digital car safety plan platform and PayLink Direct’s cost providers operation. PayLink Direct, based in 2006 by Chief Government Officer Rebecca Howard, has a 15-year monitor report of profitability and can turn out to be a division of Olive.com.
Upon completion of the merger, Chief Government Officer Rebecca Howard will lead the brand new public firm and MDH’s Government Chairman, Franklin McLarty, will turn out to be its chairman.
— Andrew Moreau
Rock Dental provides 9 clinics in 3 states
Rock Dental Manufacturers, a Little Rock-based follow handle group supporting a community of docs who present care generally dentistry, pediatric dentistry, orthodontics and oral surgical procedure, has introduced the acquisition of 9 clinics in Arkansas, Tennessee and Missouri.
“The acquisitions have been accomplished collectively with Rock Dental Manufacturers’ doctor-owned affiliated skilled dental practices in separate transactions over latest months,” the corporate mentioned within the announcement.
No value for the transactions was disclosed.
The Arkansas clinics introduced within the acquisition embrace two areas of Jim Moore Orthodontics, in Pine Bluff and Monticello; two areas of Arkansas Oral Surgical procedure, in Conway and Russellville; Dr. Michael Wharton-Palmer, DDS, Pediatric Dentist in Texarkana; and South Arkansas Oral & Maxillofacial Surgical procedure in El Dorado.
The Missouri and Tennessee clinics introduced within the acquisition embrace Arquitt Pediatric Dentistry in Springfield, Mo.; Sherrick Orthodontics in Rolla, Mo.; and Michelle Johnson Orthodontics in Bartlett, Tenn.
The most recent acquisitions brings the overall variety of Rock Dental-supported clinics to 84 in three states, in accordance with the information launch.
— Noel Oman
Index closes day up, led by ArcBest, Hunt
The Arkansas Index, a price-weighted index that tracks the most important public corporations based mostly within the state, closed Friday at 639.95, up 5.65.
Shares of Arkansas-based transportation and logistics corporations led the index Friday. J.B. Hunt shares rose 2.2% whereas ArcBest Corp. shares jumped 2.5%. Dillard’s Inc. shares fell 1.5%.
The index was developed by Bloomberg Information and the Democrat-Gazette with a base worth of 100 as of Dec. 30, 1997.
