Greater Wilmington Business Journal - Sept. 4 Issue

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Sweet start

Bakery fills dessert niche Page 19

September 4 - 7, 2020 Vol. 21, No. 17

$2.00

wilmingtonbiz.com

WEB EXCLUSIVE Retail roundup

Checking on shopping centers wilmingtonbiz.com

WOMEN IN BUSINESS SPECIAL FOCUS

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HOME GROWN: Annah Norris creates homebuilding firm

PATIENT EXEC: PPD’s Rhonda Henry finds solutions BY THE NUMBERS: Clients count on Tammika Brown

Index Health Care ........................................4-5 The List .................................................. 6 Banking & Finance ................................ 7 Real Estate ............................................ 8 Economic Development.................. 12-13 In Profile...............................................14 Business of Life.............................. 18-19

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ILLUSTRATION BY MARK WEBER

WHERE WILL THE MONEY FLOW?

QUESTIONS REMAIN ABOUT HOW HOSPITAL WINDFALL MIGHT BE USED, WHO CONTROLS IT

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BY VICKY JANOWSKI

s details are being finalized on the expected contract to sell New Hanover Regional Medical Center to Novant Health, another major issue could be decided next month. Where will the money from the sale go? How will it be spent? Who will be in charge of it? Those are the nearly $2 billion questions. Unless things drastically change in the coming weeks, a majority of New Hanover County commissioners and hospital trustees are expected to approve selling the county-owned hospital to the

Winston-Salem-based, not-for-profit health system when it’s time to vote on the deal’s definitive agreement. In July, county commissioners and hospital trustees voted to allow negotiations on a legally binding agreement with Novant, which also owns the hospital in Brunswick County as well as physician practices there. The move came after a year of discussion about potentially selling NHRMC and the zeroing in on Novant from six partnership proposals submitted from health systems interested in New Hanover Regional. The July vote approved a nonbinding letter of intent, the latest

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