"Many I have talked to in the real estate industry fear that at least part of the increase we are..."
grantlandhammond (not verified)
"Repeal the ethanol mandate and receive appox. a 10% MPG efficiency dividend. About $25 Billion/year..."
Ericbill (not verified)
Bankrupt Spheris filed its list of creditors today, and it's quite the ranking. The 203-page document names more than 5,400 of the company's current and former employees, owners and vendors from Middle Tennessee to Europe. Of course, the obvious parties are listed — Community Health Systems, Warburg Pincus and Towerbrook Capital Partners. But there's a sizable representation of local companies, including but not limited to: Healthways, Highwoods Properties, Gish Sherwood & Friends, Counsel On Call, Second Harvest Food Bank, Carmike Cinemas in Goodlettsville, Parthenon Publishing, Waller Lansden Dortch & Davis, Neal & Harwell, Nashville Health Care Council, Nashville Capital Network, Nashville Business Journal, the Nashville Area Chamber of Commerce, the YMCA of Middle Tennessee, Miller & Martin, the City of Franklin Business Tax Department, Bass Berry & Sims, Gresham Smith & Partners... You get the idea. The background is at this link.
Feb 4, 2010 3:10 PM
Through a new partnership, Passport Health Communications will offer its patient insurance eligibility verification as an integrated part of Georgia-based Brightree's business management software. From the presser:
“Creating efficiencies to help providers get paid faster and get reimbursed on everything they bill is a major focus of Brightree. We anticipate our partnership with Passport will save hundreds of man hours by allowing providers to check patient insurance eligibility within the Brightree system,” said Brightree President and CEO Dave Cormack.
Feb 4, 2010 2:48 PM
Debut Broadcasting, the publicly traded regional radio chain, has a new CEO in the form of Ron Heineman, a director of the company since last summer. Cited for his turnaround expertise, he takes the place of Steven Ludwig, who late last month resigned from his position. Heineman also has taken the chairman's seat, replacing Robert Marquitz, who has in turn become Debut's COO. Heineman's River Falls Financial Services last year provided Debut with a credit line that gives him the option of acquiring a large stake in the company (Ticker: DBTB) by converting outstanding debt.
Feb 4, 2010 1:56 PM
Ardent Health Services is working on a deal to buy Forum Health, an Ohio hospital system. According to a report in today's Tribune Chronicle, Ardent is close to purchasing the three-facility system, which has been reorganizing under Chapter 11 bankruptcy since March to deal with $137 million in debt. From the story:
Warren businessman Gus Polychronis, who is trying to put together local investors to make a bid for the two Trumbull County hospitals, said he believes Ardent's bid is a ''lowball'' offer, but that the creditors have limited their options by insisting on a cash deal. ''If they're smart business people, you know it's a lowball bid,'' Polychronis said. ''They have cash-in-pocket and no competition. They can dictate the deal, unless it's so unrealistic that it's not acceptable.''If completed, the deal would plant Ardent in a new market. The company currently operates hospitals in New Mexico and Oklahoma.
Feb 4, 2010 12:59 PM
Franklin-based fiber optic technologies company 3SAE Technologies has signed a consulting and distribution agreement with DPM Photonics. The deal will make 3SAE's products available to fiber laser manufacturers and military, aerospace and industrial medical markets.
Feb 4, 2010 12:21 PM
The new trend in home building? Simpler, cheaper, faster. Builders have stopped seeing each other as the bad guy.
We know that our competition is not the other builders,” says Stephen Palmer, chief financial officer of Bowen Family Homes Inc. in Duluth, Ga. “Our competition is the near-new foreclosures.”A deadline is looming, too. The homebuyer tax credit is set to expire (again) at the end of April.
Feb 4, 2010 12:01 PM
Starting a new business is difficult enough without having squabbles among the venture's partners. Jeff Cornwall cautions entrepreneurs to focus on the culture they want to achieve and take that into account with each new hire.
And if someone is not fitting in, do not wait to long to remove that person from your business. The longer you wait to act, the worse the problem gets, and the more damage will be done to your team.
Feb 4, 2010 11:12 AM
Randall Smith, CEO and co-founder of Hendersonville-based hotel researchers STR, won the Lifetime Acheivement Award at the Americas Lodging Investment Summit in San Diego. Founded in Lancaster, Pa. in 1985, STR provides performance, profitibality and census date to hoteliers in North America and the Caribbean.
Feb 4, 2010 10:29 AM