Orthopedic rehabilitation clinic operator IMAC Holdings has moved into Florida with the purchase of a clinic south of Fort Myers.
The directors of Surgery Partners have rejigged the company’s executive suite, naming CEO Wayne DeVeydt to the post of executive chairman and promoting the former Tenet Healthcare executive they brought on last year as COO to be CEO.
Community Health Systems executives have settled a securities fraud class action lawsuit for $53 million, according to a brief filed Tuesday in federal court.
Executives with Surgery Partners have filed papers with the Securities and Exchange Commission that lay the groundwork for them to raise up to $250 million in various ways.
A group of New York investors that manage about $1.3 billion has filed papers with the Securities and Exchange Commission declaring its intent to get more actively involved with the affairs of Tivity Health, which the money mangers consider to be undervalued.
The CFO of Community Health Systems will step down from his position in a few weeks after a little more than three years with the Franklin-based hospital operator.
Tivity Health President and COO Dawn Zier has left the Franklin-based company less than eight months after coming aboard as part of the $1.3 billion acquisition of Nutrisystem.
The New York Stock Exchange has again put Quorum Health on its naughty list, pointing out that the hospital company’s stock price — which averaged 90 cents in the 30 trading days before Dec. 3 — has been below $1 for too long.
The Franklin-based health care company Tivity renewed a major contract for its gym membership program for seniors, but a competitor is threatening that business.
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 […]