Nephron tackles financial restructuring and tax issues in 3 big stories

The curated articles focus on Nephron’s evolving business activities, including real estate moves and tax challenges, amid shifts in the health industry.

Nephron Nitrile, the medical-grade glove manufacturing plant that was an expansion of Nephron, faces nearly $1 million in overdue property taxes to Lexington County. Meanwhile, Nephron Pharmaceuticals has listed its headquarters for sale but plans to lease it back for 20 years, a financial maneuver to raise cash while retaining operational control. And Nephron Pharmaceuticals CEO Lou Kennedy has sold her Lake Murray estate.

NO. 1: NEPHRON CEO LOU KENNEDY SELLS ESTATE ON LAKE MURRAY. HERE’S HOW MUCH IT WENT FOR

The sale broke the record for highest sale on Lake Murray and for the Columbia area, nearly tripling the previous mark. | Published April 3, 2025 | Read Full Story by Hannah Wade

NO. 2: WHEN NEPHRON EXPANDED IN 2022, IT GOT TAX BREAKS. NOW, IT HAS $1M OVERDUE BILL

The medical-grade glove manufacturing plant that was an expansion of Nephron, one of the largest companies in the Midlands, owes Lexington County nearly $1 million in overdue property taxes despite already receiving a number of incentives that reduce the amount of taxes that the company pays to the county. | Published September 3, 2025 | Read Full Story by Hannah Wade

NO. 3: NEPHRON, ONE OF LEXINGTON’S LARGEST EMPLOYERS, LISTS HEADQUARTERS FOR SALE

Nephron Pharmaceuticals, one of the largest employers in Lexington County, has listed its headquarters in West Columbia for sale. | Published August 30, 2025 | Read Full Story by Hannah Wade

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.