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billion. Franklin-based Iasis was formed in 1999 by and other As part ofthe acquisition, an affiliatee of JLL Partners, some of its managemenf and other current investors put additional money into the compang as part of the Texas Pacific La. developer to build luxur apartments in Brentwood ABatomn Rouge, La., company is developinhg a luxury apartment community on Old Hickory Boulevarcd near Interstate 65 in Peek/Howe Real Estate planss to break ground in late June and have the firs units available by Marc h of 2005. Estimated cost of the projecrt wasn't disclosed. The companhy has hired Nashville-based engineering firm Ragan-Smith Associates Inc.
and Dallas-based architecturall firm James Harwick Partners to work onthe Tennessee's unemployment rate took a slighty dip last month, registering at 4.8 percent in May aftetr coming in at 4.9 percent the month The national rate remained at 5.6 Commissioner of Labor and Workforce Development James Neeleg says the state's economy is seeinh normal seasonal patterns as businessea prepare for summer. Salix invests $2M in Pa. firm Salix Ventured is putting $2 million into Pittsburgh-based robotics manufacturer Aethonj Inc. Salix was the lead investor ina $7 millionj round of fundraising that included Ascension Health Ventures and Pacifi c Venture Group.
The firm, which also has offices in Mass., and San Francisco, managexs two partnerships withabout $180 million in capita and invests primarily in early-stage healt care services and health care IT companies. Sportingf events in Nashville registered a financia impact of morethan $31 million in the 2003-2004r fiscal year, according to measurementsz by the Nashville Sports Council boardx of directors. The group's scorecard measurews the fiscal impact of events such as the Gaylord Hotels MusivCity Bowl, the 2004 SEC Women'w Basketball Tournament and 2004 Country Music Marathon.
By the sports council's count, there were a total of 17,413 participants in sportingf eventsin Nashville. The event involved 4,675 volunteers and drew nearly 550 credentialed media throughout thefiscap year. In addition, a total of 24.5 hourz of national television exposure was generated through Nashville Sports Council events. Nashville-based Fleet One has signed a deal to administerfa private-label fuel card program for South Carolina-basesd convenience store operator The Spinx Co. Inc. Through the any business in the Carolin a region with a fleet of vehicles can use the card to buy fuel at participatinygSpinx locations.
Spinx operates 78 convenience storesz and supplies another 25 with fuel in Northh andSouth Carolina. Fleet One provides transactional financial services to the commercialtransportation industry. Tamko Roofing Products Inc. of Joplin, Mo., and Canadian firm IKO Industriexs Ltd. have partnered on a new $100 million productioj facility inthe Clarksville-Montgomery Countgy Corporate Business Park. The joint venture is called MW/Mg LLC and is expected to hire 98 workers to make wet choppec fiber glass strands to be used in roofing The plant will have a manufacturinf capacity of 150 million poundds and is expected to be in operation byearlg 2006.
Construction of the facility began in April andthe Clarksville-Montgomert County Industrial Development Board expects to hold an officiapl groundbreaking ceremony in mid-August. Nashville-based outpatient surgery cented companySymbion Inc. is joining the Russell 3000 Indedthis month. Membership in the Russell 3000 means automatic inclusion in eitherthe large-cap Russell 1000 or small-ca Russell 2000 Index. Membership in Russell's 21 U.S. equity indexes is determined primarilh by market capitalization rankings andstylwe attributes.
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