HealthTech, a health care information technology company, cut the proverbial ribbon May 15, celebrating the opening of its new headquarters at the Nine Corporate Centre building located at 6550 Carothers Parkway in Cool Springs in Franklin.
HealthTech isn’t new to Franklin — having begun the move from West End earlier this year. According to a company statement announcing the opening, HealthTech is Nine Corporate Centre's largest tenant with an estimated 550 employees.
Avondale Partners analyst Kevin Campbell has raised his price target on shares of Corrections Corp. of America after the prison manager reported first-quarter results that topped consensus estimates. Campbell, who also lifted his 2013 and 2014 estimates for adjusted funds from operations by about 5 percent, now sees CCA (Ticker: CXW) climbing to $44 from its current level of about $38.
Over at Credit Suisse, Edward Westlake and his team have raised their earnings estimates for Delek US Holdings after company executives detailed investment plans for their Texas and Arkansas refineries that should bring a quick and sizable payoff. Even though they gave up 3 percent on Monday, Delek shares (Ticker: DK) are still up 35 percent this year.
Shareholders of First Advantage Bancorp, which on Friday delisted its shares from the Nasdaq, can now trade their stock on the OTCQB platform. First Advantage, which has about 560 investors, last month said it will use SecondMarket as the official trading venue for its shares. The OTCQB market is home to more than 3,200 companies.
Bank holding company Community First Inc. continues to make progress toward the capital levels imposed on it by the Federal Deposit Insurance Corp. in September 2011 even though it posted only a tiny first-quarter comprehensive profit. The parent of Community First Bank & Trust now needs $7 million in capital to meet the FDIC's heightened requirements, which means it may still have put its shareholders through a very dilutive stock offering. But the gap is now $4 million smaller than it was at the end of 2012, which was itself a decent improvement from Q3's $15.3 million.
Another note from the company's quarterly report filed last week: Because Community First has missed six straight dividend payments on the $18 million of preferred stock it sold to the U.S. Treasury four years ago, the feds now have the right to put two representatives on the company's board.