Richard Close at Avondale Partners has reaffirmed his buy rating and target price of $33.50 for HealthStream, saying that the workforce development company has multiple avenues for growth in addition to its ICD-10 training products. Revenue growth excluding ICD-10 has accelerated above 20 percent, Close said, and the company's other service lines should "foster growth and ease headwind of ICD-10 roll-off."
Belmont University has secured a permit for continued work on its under-construction academic and dining services complex located at 1909 15th Ave. S.
R.C. Mathews Contractor is serving as the project's general contractor, with the permit valued $21.23 million.
Read more here.
It hasn't escaped Ryman Hospitality Properties Chairman, President and CEO Colin Reed that shares of the hotel real estate investment trust have been on a nice run from $42 to $50 (Ticker: RHP) over the past three months. On Friday and Monday, a trading plan set up last month by Reed exercised 50,000 stock options and sold the resulting shares. The profit on those transactions came to almost $1.1 million.
Launch Tennessee CEO Charlie Brock plans to in the coming year work to better connect the various angel investing groups around Tennessee. The strategy is part of the organization's fiscal 2015 workplan, detailed here by Milt Capps.
LaunchTN CEO Brock -- with his own track record as an entrepreneur, advisor and investor -- will doubtless be deeply involved in all this, with staff work led by LaunchTN Capital Formation Director Henry Gindt. Gindt's bailiwick also includes outreach to Corporate venture-capital arms, and supporting ECD's INCITE seed-funding program, in part by helping to identify follow-on investors for companies that win INCITE grants.
Michael Powers, the former president of Bigger Picture Group, has teamed up with former colleague Matt Corbin to form Star Farm Nashville to handle various artist project management services. The duo are promising artist signings and staff additions will come soon. Bigger Picture closed its doors earlier this year.
Even a very cursory check of Nashville's apartment market will show that rents continue to climb steadily even as new units are being brought to market by the hundreds. Now research firm Axiometrics has the numbers: The annual effective rent growth in the It City was 5.5 percent in June, up from 4.7 percent in March and 4.1 percent a year ago. Occupancy inched up to 96 percent, staying ahead of the national average by about a point.
Park 'N Fly Inc. has acquired the former Thomas Nelson distribution center on Royal Parkway near Nashville International Airport for $8.3 million, The Tennessean reports.
The Atlanta-based company plans an indoor and outdoor parking operation, according to the morning daily.
Read more here.
Giarratana Development is targeting a combination of apartments and condominiums for its planned 505 CST skyscraper slated to rise at the southwest corner of the central business district’s Fifth Avenue and Church Street intersection.
Company President Tony Giarratana Monday night told attendees of an Urban Residents Association meeting he envisions 300 to 400 apartment units and 150 condo dwellings for the skyscraper, which, if built, would rise about 750 feet and be Nashville’s tallest building.
Giarratana Development officials could not be reached for comment.
Read more here.
The Southern Poverty Law Center, Tennessee Justice Center and National Health Law Program are holding a press conference call at 11 a.m. Wednesday to announced the filing of a federal lawsuit against the state of Tennessee.
The suit is expected to address the failures within the state's Medicaid program, TennCare. Earlier this month, officials with the Center for Medicaid and CHIP Services outlined six areas in which TennCare is noncompliant with Affordable Care Act requirements.
Following the rebuke, the Times Free Press reported that the three legal advocacy groups were closely monitoring TennCare's response, and that a lawsuit would be a last resort in solving the state-run agency's issues.
Agero Inc., a Massachusetts-based company that markets roadside assistance and safety services, plans to add more than 100 people to its Clarksville call center. The company will hire its new employees throughout this year at the facility, which opened almost two years ago. Agero officials say they're also hiring for their Florida, Arizona and Ontario operations.