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POSTBUSINESS

By: Geert De Lombaerde
Posted: Tuesday, August 4, 2015 - 14:31
Executives at Nashville-based Emdeon say they plan to issue $250 million of debt to help fund their planned $910 million acquisition of Altegra Health. The six-year notes are being marketed via a private offering. Florida-based Altegra markets analytics and risk management services to insurers and in the past 12 months rang up adjusted EBITDA of $59 million on revenues of $212 million.
By: William Williams
Posted: Tuesday, August 4, 2015 - 14:13
Saint Thomas West Hospital is slated for an addition and renovation related to its surgical services operations. According to a Metro Codes Department document, Turner Construction Co. will oversee the work, with the permit valued at about $2.98 million. Saint Thomas West Hospital is located at 4220 Harding Pike.
By: William Williams
Posted: Tuesday, August 4, 2015 - 13:15
Memphis Convention & Visitors Bureau officials today unveiled a vision for the city’s future convention facilities infrastructure — a plan that could carry a price tag of more than $900 million and span 15 years of effort. Much of the cost would be incurred closer to 2030 than any time soon, years after the completion of a proposed $50 million to $60 million update of the 41-year-old Memphis Cook Convention Center, the Memphis Commercial Appeal reports. 
By: William Williams
Posted: Tuesday, August 4, 2015 - 12:45
CNN has named what it calls the "world's coolest bookstores," and Nashville staple Parnassus Books is on the list of 18 bricks-and-mortar operations. True, CNN acknowledges that "all bookstores are cool." But it quickly adds "some bookstores are cooler than others." Parnassus, the Green Hills retail gem that ranks among the city's most special and distinctive retail spaces period, is one of those that is "cooler" than the rest (at least according to CNN but, hey, we'll take it).
By: William Williams
Posted: Tuesday, August 4, 2015 - 11:15
Lennar Multifamily Communities officials continue to target a mid- to late September demolition and groundbreaking for their M Residences in Midtown. Christopher Cassidy, LMC Southeast division president, said the Florida-based company has named Hoar Construction to serve as the general contractor. Nashville-based Kimley-Horn and Associates is the civil engineer, with The Preston Partnership of Atlanta handling architecture duties. Cassidy told the Post in January a September start was eyed and affirmed Monday that schedule remains in the offing.
By: William Williams
Posted: Tuesday, August 4, 2015 - 08:30
The Metro Parks Department is finalizing construction contracts related to its Fort Nashborough Interpretive Center to overlook the Cumberland River on downtown’s west bank. Chris Koster, the department’s special projects manager, said the project was to have been part of a previously planned downtown floodwall effort. With the floodwall scrapped, Metro still plans to use Skanska USA as the general contractor.
By: Emily Kubis
Posted: Tuesday, August 4, 2015 - 07:20
Kroger is planning a significant expansion and renovation of the Brentwood building last home to Harris Teeter, according to The Tennessean.The former Harris Teeter space (the grocery closed earlier this year) will be reinveted as a Kroger superstore, with a spring 2016 opening targeted.From The Tennessean:
By: William Williams
Posted: Tuesday, August 4, 2015 - 07:05
Leadership Tennessee, an education-related initiative of Lipscomb University’s Nelson & Sue Andrews Institute for Civic Leadership, has received a $750,000 grant from the Bill & Melinda Gates Foundation. The grant (the money is to be disbursed spanning a three-year period) will be used to expand the program’s offerings, scope and impact on Tennessee, according to a release. Launched in February 2013, Leadership Tennessee is designed to cultivate a statewide network of business, nonprofit, education and government leaders.
By: Geert De Lombaerde
Posted: Tuesday, August 4, 2015 - 06:44
Pinnacle Financial Partners has completed its acquisition of CapitalMark Bank & Trust in Chattanooga, a move that grows Pinnacle to 37 offices and $7.6 billion in assets. CapitalMark's four offices will keep their name until next March, when the integration of the two companies will be wrapped up.
By: Geert De Lombaerde
Posted: Monday, August 3, 2015 - 14:19
It's taken a few trading sessions but it looks like the short sellers are cashing in on the news late last week that Jerrod Menz has stepped down as president of AAC Holdings after being one of five people charged in the death of a former patient in California. As of 2:20 p.m. Monday, AAC (Ticker: AAC) was off more than 13 percent to about $32.95. If they close at that level, it will be their lowest end to a trading day since mid-May.