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Doug Lebda, chief executive of Charlotte-based online lending marketplace Tree.com Inc., is investing more than a million of his own dollars in the company.
Tree.com, formerly known as LendingTree, had been owned by IAC/Interactive Corp., but IAC decided last year to spin off the Charlotte-based LendingTree. Lebda founded the company before IAC bought it in 2003.
Tree.com Inc. became a stand-alone company Aug. 21, and since then, Lebda has spent $1.13 million buying up 144,331 of its shares, much of it through a family trust, according to securities filings. He bought the shares on five separate days, paying between $7.44 and $8.23 per share.
The company has about 16.6 million shares. They closed at $7.70 on Wednesday, down 3 percent. Christina Rexrode
Carolinas HealthCare System has announced plans to build a 40-bed rehabilitation center on the campus of Carolinas Medical Center-NorthEast in Concord.
Beds will be moved from three other facilities. Ten will come from Carolinas Rehabilitation and 20 from CMC-Mercy, both in Charlotte. Ten more will come from Stanly Regional Medical Center in Albemarle, which formed an alliance with Carolinas HealthCare last year.
The new rehab center will serve residents of Cabarrus, Rowan, Stanly and Iredell counties and will be similar to an outpatient rehab center that CHS opened last October in Mount Holly.
CHS, a public not-for-profit organization, is among the nation's largest health-care organizations, with hospitals, medical offices, nursing homes and other medical offices in both Carolinas. It spent $361 million on capital projects in 2007, the highest ever for a single year, and expects even greater capital expenditures this year, according to a report released at the hospital board's quarterly meeting Tuesday.
The Charlotte-based hospital system recently won state approval for a $174 million expansion of CMC-Pineville, an $85 million replacement hospital for CMC-Lincoln, $43million in operating room projects at CMC-NorthEast and Carolinas Medical Center in Charlotte, and four freestanding emergency rooms in Waxhaw, Harrisburg, Kannapolis and in the Steele Creek neighborhood of Charlotte.
Karen Garloch
Charlotte-based Morningstar Properties LLC and Harrison Street Real Estate Capital have formed a strategic alliance with 2Guys Storage LLC to invest in self-storage properties in the Southeast.
The companies plan to acquire, develop and redevelop a portfolio of real estate assets valued at more than $100 million over the next three to five years.
Doug Smith
