Local & State
Anderson hospital to help train MUSC medical students
AnMed Health in Anderson has reached an agreement with the Medical University of South Carolina in Charleston to help train medical students. Multiple media outlets reported that AnMed Health will begin taking third- and fourth-year medical students next year.
AnMed Chief Executive John Miller said the agreement will expand medical education and help address the growing shortage of primary care doctors and specialists in the area. Chief medical officer Dr. Mike Tillirson said the need for doctors will continue to increase as the baby boomer generation ages. He said officials hope that the students in Anderson will continue their residency training at the hospital.
Tillirson added that the agreement should improve Anderson’s access to medical research. Anderson is expected to get two dozen medical students by 2017.
Nation & World
Coastal Carolina to get mobile Starbucks store
Coastal Carolina University in Myrtle Beach is among three college campuses where Starbucks will kick the tires of the food truck business this fall, with plans for mobile Starbucks stores. The trucks, run by longtime Starbucks partner and food services giant Aramark, also will circulate around Arizona State University in the Phoenix area and the James Madison University campus in Virginia.
It’s a pilot, which means that if it succeeds, the trucks may pop up on college campuses across the nation. The trucks will offer a beverage and food menu that’s “nearly identical” to the one available in its stores, Starbucks said. Starbucks said the trucks can follow their customers’ schedules and in some cases can stay open later than other options.
Dollar General ups ante as it makes counteroffer to buy Dollar Tree
A bidding war is poised to erupt in the dollar-discount market. Dollar General said Monday that it was offering $8.9 billion to buy Family Dollar Stores, in an effort to break up its planned merger with Dollar Tree. Under the terms of the offer, Dollar General would pay $78.50 a share in cash. That is more than the $74.50 a share that Dollar Tree’s original cash-and-stock bid was worth when it was announced last month, and significantly more than where Family Dollar was trading before it announced the earlier deal.
Including debt, Dollar General’s offer is valued at $9.7 billion. The company is also willing to pay the $305 million break-up fee that would be owed to Dollar Tree if that deal were broken off. The emergence of the unsolicited takeover bid promises a potential clash over the fate of Family Dollar, which has been under pressure from activist investors both outside and inside its boardroom..
Home builders more confident of prospects heading into next year
U.S. home builders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up after stalling this summer. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose this month to 55, up two points from a revised reading of 53 in July. The latest reading is the third monthly increase in a row and the highest since January, when it was 56. Readings above 50 indicate more builders view sales conditions as good, rather than poor.