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By: Geert De Lombaerde
Posted: Wednesday, March 9, 2011 - 08:42
The iPractice Group, a start-up EMR and practice management venture with plans to hire 100 people by the end of the year, has been issued a cease-and-desist order by Colorado Securities Commissioner Fred Joseph over its efforts to raise money in the Centennial State. Joseph's staff says iPractice didn't register its securities in Colorado and cold-called at least one investor with a no-lose sales pitch.
By: Erin Lawley
Posted: Wednesday, March 9, 2011 - 08:28
Cumberland Pharmaceuticals (Ticker: CPIX) wants to add a new product in 2011. On the Nashville company's fourth-quarter earnings call Tuesday, CEO A.J. Kazimi said the company is looking for a candidate in the late-stage of development so it can be launched quickly. Cumberland Pharma is looking both externally and internally — at its Cumberland Emerging Technologies subsidiary — for the next addition to its portfolio.
By: Erin Lawley
Posted: Wednesday, March 9, 2011 - 08:11
BMG Rights Management has completed its $175 million purchase of Chrysalis, and the company has adopted the name BMG Chrysalis. Music Row reports that the transition includes Jeremy Lascelles leaving the CEO post of Chrysalis, as well as some local downsizing.
By: Erin Lawley
Posted: Wednesday, March 9, 2011 - 08:02
Modern Healthcare snagged a few minutes with LifePoint Hospitals CEO Bill Carpenter at the Federation of American Hospitals meeting last week. Carpenter, the chairman of the for-profit hospital association, discusses the federation's priorities with Congress and regulations and more in the video, available at this link (subscription required).
By: Geert De Lombaerde
Posted: Tuesday, March 8, 2011 - 15:15
Lipscomb University will later this month roll out its Center for Entrepreneurship, a specialty program within its business school — not unlike a similar venture at Belmont — that will be led by management professor Joe Ivey.
By: Erin Lawley
Posted: Tuesday, March 8, 2011 - 14:43
A unit of Regions Bank has been fined after investing all of a client's portfolio in a hedge fund that channeled money to Bernard L. Madoff Securities, the fund controlled by convicted Ponzi schemer Bernie Madoff. An arbitration panel found that the unit — Morgan Keegan — didn't perform adequate due diligence on the feeder fund, Greenwich Sentry LP.
By: Erin Lawley
Posted: Tuesday, March 8, 2011 - 14:03
Collision repair company AutoBody America has opened its second Little Rock, Ark., location. The renovated 17,000-square-foot center is the company's second location in that city and 14th overall. The Nashville-based company has operations in Tennessee, Arkansas and Mississippi.
By: Geert De Lombaerde
Posted: Tuesday, March 8, 2011 - 13:35
There are a number of stats you can point to these days to back up a claim that the Middle Tennessee housing market is on the mend. CoreLogic's out this morning with a doozy if you want to take the other side: The number of mortgaged local properties with negative equity topped 40,000 at the end of 2010, up more than 4,000 from Sept. 30. Speaking in percentages, it was 12.8 percent, up from the roughly 11.5 percent it had been for the previous year. Another 8 percent — more than 25,000 homes — were near to going underwater, according to CoreLogic.
By: Geert De Lombaerde
Posted: Tuesday, March 8, 2011 - 13:18
Americans are continuing to stash their credit cards. Revolving consumer debt outstanding fell in January for the 28th time in 29 months even as auto and student loans rose.
By: Erin Lawley
Posted: Tuesday, March 8, 2011 - 12:51
As part of a strategy to "unroll" programs in various U.S. regions, insurance firm Cigna has selected Franklin-based MedSolutions as its nationwide radiology benefits manager. The sizable contract — Cigna is one of the largest for-profit insurance companies in the country — extends the companies' 13-year relationship.