This Week’s Business Buzz: 10/14/18

October 15, 2018

Congrats to Avadim Health on closing a profitable round of financing. And a huge thanks to Asheville’s YWCA on expanding their quality childcare services, and Asheville Habitat for their expansion into building affordable townhomes, in addition to single-family homes.


  • Avadim Health is pleased to announce today that it has closed a debt financing round with gross proceeds of $40 million with an additional accordion facility of up to $20 million. ASGARD Partners & Co. (“ASGARD”) served as the Company’s financial advisor on the transaction. Hayfin Capital Management was the sole investor in the financing.


  • On Friday, September 21, 2018, Vanderbilt grandson, George H.V. Cecil, was honored as the first member of the Arboretum’s Olmsted Society. This new membership level for the Arboretum’s non-profit entity recognizes generous individuals and couples who make an annual gift of $2,500 or more. As a way to honor Olmsted’s contributions to landscape architecture, the funds generated from these donations help support the Arboretum’s grounds, educational programs and exhibits year-round.


  • In order to increase the availability of quality child care, Asheville’s YWCA recently underwent a renovation of 4 classrooms in their Early Learning Program, a 5-Star rated child care center that will serve over 140 children, from infants through pre-school. The expansion included replacing floors, installing sinks, and creating capacity for an additional 36 children age 3-5 years, thanks to support from the Buncombe County Commissioners.


  • Park Ridge Health Cancer Services is excited to introduce Charles Wendling, Jr, MD. He is their new board-certified in Internal Medicine and Hematology/Medical Oncology. Dr. Wendling brings a diverse background in cancer services that includes inpatient and outpatient clinical care, clinical research and educational leadership.


  • Friday Staffing is looking for a Milling and Lathe Machine Operator, Order Picker, Forklift Operator, and General Laborer. For more information, call Angela Paskus at 828-684-8700 or go to


  • Asheville Habitat is excited to announce a new housing product. As one of many steps towards serving 1,000 more families in the next decade, Habitat will begin building townhomes in addition to single-family homes. This new housing type will be introduced at Curry Court, Habitat’s new 12-home neighborhood in Candler. House construction starts in early December, and Habitat will host a kick-off event on October 18th.