A year after the parent of American Addiction Centers reported heavy losses due to a Google algorithm change that slashed its call center traffic and saw its stock fall more than 40 percent in a day, Brentwood-based AAC Holdings is still underperforming.
The leaders of Quorum Health said Thursday they need to negotiate some concessions from their lenders after the struggling hospital operator’s third-quarter results were hurt by “a short-term deterioration” in bill collections.
A drug rehab clinic that focuses on music is set to open in Brentwood later this month. That follows an increase in drug overdose deaths in Williamson County last year.
The Brentwood-based hospital chain LifePoint Health plans to sell the real estate of 10 hospitals to a real estate trust, and lease back the space.
Addiction services provider AAC Holdings on Tuesday said it has recruited three executives to fill some of the board seats vacated last month by the group resignation of four directors.
The Brentwood-based senior living company Brookdale reported a loss and rising operating costs during the third quarter, and investors questions how the company would hit its financial goals for 2019.
Shares of Community Health Systems fell more than 16 percent Wednesday after the hospital operator reported a net loss of $17 million on $3.2 billion worth of revenue in the third quarter and announced plans to issue debt maturing in eight and nine years to pay off $2.6 billion worth of debt…
Franklin-based Community Health Systems is selling three Virginia hospitals in the final stretch of the health system’s divestiture plan to pay off its bad debt.
Brentwood-based American Physician Partners has acquired a Florida emergency medicine management group, bringing with it 13 contracts in four states — 11 of which are with Universal Health Services facilities.
The Brentwood health care company Premise Health has redesigned some of its medical clinics serving employees of large companies and their families.
The Brentwood health care company IMAC has opened a new clinic in Arlington Heights, Illinois promoted by former football player and coach Mike Ditka.
Four AAC Holdings directors resigned, effective immediately, last week, leaving the Brentwood-based addiction treatment provider with just three board members and running afoul of stock market listing rules.
By KARA HARNETT This story first appeared in our sister publication the Nashville Post. Editor’s note: This story has been updated to remove Saint Thomas Hospital for Specialty Surgery as a plaintiff. The original complaint includes the facility but an official for parent organization Ascension Saint Thomas says the organization is not part of the […]
By MATT BLOIS The New York private equity firm New Mountain Capital has invested in the Franklin health care tech company emids. New Mountain bought Baird Capital and Council Capital’s stake in the company. The companies didn’t disclose the terms of the transaction. Founded in 1999, emids provides health care IT services, application development and […]
Image courtesy of Spero Health. This story first appeared on our sister publication Nashville Post STAFF REPORTS Substance use disorders treatment company Spero Health has announced an outpatient addiction treatment clinic in Dyersburg. Based in Brentwood and privately held by Heritage Group, Health Velocity Capital, South Central Inc. and Frist Cressey Ventures, Spero Health operates […]
By MATT BLOIS The prison health care company Corizon has hired a corrections executive to become the new CEO. The company announced on Thursday that James Hyman will be the new CEO starting Sept. 1. He replaces Steve Rector, who will serve as an advisor to the board of directors on an ongoing basis. From […]
By MATT BLOIS One of Quorum Health Corporation’s largest investors is going active. The New York investment firm York Capital Management Global Advisors — which manages about $20.5 billion — filed documents with the SEC indicating it would switch from a passive to an active investor. York Capital first invested in Quorum in the third […]
NASHVILLE POST By Geert De Lombaerde The directors of Brookdale Senior Living have chosen a veteran cruise line executive and a longtime health care consultant to stand for board election later this year as it seeks to fend off an activist investor’s push to increase his sway on the board. Brentwood-based Brookdale said late Thursday […]
NASHVILLE POST By Geert De Lombaerde Community Health Systems Chairman and CEO Wayne Smith has again waded into the open market to buy big blocks of stocks of the company he has run since 1997. As CHS shares hit an all-time low early this week, Smith cut checks of about $910,000 on Tuesday, $1 million […]
By MATT BLOIS The Williamson County hospital chains Community Health Systems and Quorum Health are both moving forward with their plan to sell off hospitals. CHS completed the previously announced sale of two hospitals in Florida in late August. Quorum will move forward with a previously announced plan to sell a California hospitals. Community Health […]
By MATT BLOIS A Brentwood health care company specializing in regenerative medicine has finalized a deal that would allow it to issue more shares in order to buy new clinics. IMAC performs minimally invasive treatments and regenerative medicine for injuries or diseases that restrict movement at 14 clinics across the U.S. The company raised about […]
By MATT BLOIS The Williamson County hospital chains Quorum Health and Community Health Systems are inching closer to resolving several shareholder lawsuits related to Quorum’s 2016 spin-off from CHS. In July, Quorum settled a lawsuit filed against CHS and Quorum in Williamson County Court by the firm R2 Investments. The lawsuit alleged the companies underestimated […]
By MATT BLOIS For the fourth time this year, the New York Stock exchange has warned the Brentwood-based addiction treatment company American Addiction Centers that it’s out of compliance with the exchange’s rules. The company got the warning because it’s going to file its second quarter financial results late. The company had already announced that […]
By MATT BLOIS The official second quarter financial results for the Brentwood health care company IMAC are slightly lower than the preliminary numbers reported last week. IMAC provides minimally invasive treatments and regenerative medicine for injuries or diseases that restrict movement at 14 clinics across the U.S. The company was late to file its second […]
By MATT BLOIS The prison healthcare company Corizon recently renewed a contract to provide medical care for prisoners in Lexington and Fayette County in Kentucky. Corizon provides healthcare to prison systems across the U.S. The Brentwood company has also hired a corrections executive to run the company’s operations serving state departments of corrections. Corizon has […]
By MATT BLOIS The Brentwood health care company Surgery Partners reported increases in revenue and patient numbers, but the company lost $28.6 million in the second quarter of 2019. That’s similar to the $27.4 million it lost during the second quarter of 2018. Total revenues increased to $445.4 million in the second quarter of 2019, […]
By MATT BLOIS The Brentwood hospital chain Quorum Health lost about $17 million in the second quarter of 2019. During the same quarter last year Quorum reported a loss of $26.6 million. Operating revenues for the current hospital portfolio fell from $458.5 million in the second quarter of 2018 to $442.4 million during the same […]
By MATT BLOIS The Franklin hospital chain Community Health Systems completed the sale of a Lebanon hospital to the Vanderbilt University Medical Center. The company announced the sale of the 245-bed Tennova Healthcare facility in March. It completed the transaction last week. The company didn’t announce the sale price. On Monday evening, CHS will report […]
By MATT BLOIS The health care company LifePoint has appointed two regional chief financial officers. LifePoint is located on Old Hickory Boulevard, just outside the city limits of Brentwood. The company owns community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across the U.S. Last year, the company, which was previously public, […]
BY MATT BLOIS The CEOs of three Williamson County companies will serve on the board of directors of the Nashville Health Care Council starting this year. These leaders were appointed to the board this year: Stuart Clark, CEO, Premise Health David Dill, President & CEO, LifePoint Health Debra Osteen, CEO, Acadia Healthcare The council’s board of directors already […]
By MATT BLOIS The Brentwood addiction treatment provider American Addiction Centers has received a third warning from the New York Stock Exchange that the company is at risk of delisting. The newest warning was triggered because the company’s stock has been below $1 for at least 30 trading days. The second warning in May was […]
By MATT BLOIS The Chief Human Resources Officer for the Brentwood health care company Surgery Partners will leave in July. Dr. Angela Justice started the human resources job at Surgery Partners in March 2018. She will leave the company on July 1, but will continue to serve in a consulting capacity through July 30. Before […]
By Geert De Lombaerde NashvillePost.com The No. 2 executive at AAC Holdings has stepped down from his position less than a year and a half after joining the addiction treatment provider. Michael Nanko resigned from his president and COO roles last Friday. In a filing with the Securities and Exchange Commission, the Brentwood-based company said […]
By Geert De Lombaerde NashvillePost.com The board of AAC Holdings has shrunk to seven members following the resignation last week of former Gaylord Entertainment executive David Kloeppel. Kloeppel, 49, had been a director of the Brentwood-based addiction services provider since 2013. In resigning, he told his peers he is looking to spend more time on his […]
Community Health Systems sold two hospitals in Florida, including Lake Wales Medical Center in Lake Wales, Florida. // Photo courtesy of Lake Wales Medical Center By MATT BLOIS Community Health Systems will sell two hospitals in Florida. The hospital chain based in Franklin had 195 hospitals at the end of 2015, and now that number […]
By MATT BLOIS A division president at Community Health Systems overseeing operations of hospitals in the Eastern U.S. has resigned. Paul Smith joined CHS in 2008. Before overseeing hospitals in Florida, Georgia, Indiana, Missouri, North Carolina, Virginia and West Virginia as division president Smith was a vice president for that division. He worked at another […]
By GEERT DE LOMBAERDE NashvillePost.com Shares of AAC Holdings fell about 8 percent on Tuesday — pushing the company’s market capitalization below $40 million — in the first trading session of the addiction treatment company’s leaders sketched out a 2030 vision. AAC Chairman and CEO Michael Cartwright and CFO Andrew McWilliams on Monday afternoon hosted […]
By MATT BLOIS The Brentwood based company Surgery Partners, which operates a network of surgical facilities, reported its financial results for the first quarter of 2019 last week. During the first quarter of 2019 Surgery Partners reported a net loss of about $29 million, compared to a loss of about $25 million last year. On […]
By Geert De Lombaerde NashvillePost.com Community Health Systems Chairman and CEO Wayne Smith has in the past week put to work more than $3.3 million to grow his stake in the hospital company by some 40 percent. Smith has been active in the market since last Friday, the day after the company’s stock fell nearly […]
By MATT BLOIS The Franklin health care software company MEDHOST has appointed two new executives. MEDHOST provides software to handle electronic health records. The company also provides solutions for clinical, financial and patient engagement services. Both of the new executive appointments come from within the company. The company promoted Jason Myers to Chief Information Officer. […]
Attorney most recently helped handle M&A at Envision NashvillePost.com Substance abuse treatment company Spero Health has added to its leadership team a former AmSurg/Envision Healthcare attorney who will oversee the company’s regulatory and compliance work. Clint Cromwell comes to Brentwood-based Spero, which runs 24 outpatient clinics in three states, as chief legal officer. He has […]
By Kara Hartnett NashvillePost.com Multiple whistleblower lawsuits filed against Comprehensive Pain Specialists and members of its leadership team — including State Sen. Steve Dickerson, R-Nashville — were unsealed this week, alleging a broad scheme to defraud Medicare through unneeded lab testing. The federal government has stepped in to prosecute the case. The initial complaint in the […]
NashvillePost Brentwood-based AAC Holdings has promoted Mark Calarco from national medical director role to CEO of its laboratory division. The position was formerly held by five-year company veteran Jeff Johnson. Calarco has been with the parent of American Addiction Centers for about six years, serving as the lab’s national medical director of clinical diagnostics and […]
Cartwright says team ‘going a little bit away from the Internet’ with marketing; shares drop 20% By KARA HARTNETT NashvillePost.com The leaders of addiction treatment provider AAC Holdings say they are making a comeback after a poor fourth quarter brought on by substantial decline to their website traffic after a Google search engine algorithm change. For […]
By MATT BLOIS The Franklin-based hospital management chain Quorum Health announced that it has sold a hospital in Texas. Quorum sold the 146-bed Scenic Mountain Medical Center in Big Springs, Texas for about $22 million. The company plans to use the proceeds to pay down debt. The company had already announced a definitive agreement to […]
By MATT BLOIS The Franklin based artificial intelligence company Digital Reasoning hired a new vice president to oversee business with health care companies. Chris Cashwell will lead a team that hopes to sell artificial intelligence technology to health care companies. In a press release, Digital Reasoning’s Chief People Officer called the health care industry the […]
By MATT BLOIS Brentwood based addiction treatment company American Addiction Centers is out of compliance with New York Stock exchange rules because it hasn’t filed an annual report on time. A press release states the company is working to finalize its annual report and expects to do so shortly, “although no assurances as to timing […]
Dr. Jonathan Leizman is the new Chief Medical Officer at Premise Health in Brentwood. // Photo Premise Health By MATT BLOIS The Brentwood-based direct health care company Premise Health has appointed Dr. Jonathan Leizman as its Chief Medical Officer. Premise Health is a direct health care provider. In a direct health care model large, self-funded […]