A peek at the pipeline of Community Healthcare Trust

After buying 29 properties for $87.0 million in cash during the second quarter, Community Healthcare Trust had a quieter Q3, paying $13.1 million for three properties and funding an $11.0 million mortgage. Also in the works, company officials said Friday, are five purchases for $24.8 million and work to turn 18 non-binding term sheets for $29.4 million into done deals.

If those efforts are successful, Community Healthcare Trust will have acquired 55 properties for $154 million. Community Healthcare Trust went public four months ago with agreements to pay $115 million for 35 properties in 18 states. Since the IPO, its shares (Ticker: CHCT) have fallen about 20 percent, taking the company's market cap down to about $120 million.

Oct 5, 2015 7:12 AM

NHC buying back preferreds

$170M plan will redeem paper issued in '07 acquisition
Oct 5, 2015 7:04 AM

Only LifePoint gets a 'buy' from wary Citi; Avondale still bullish

Citi analysts have launched coverage of various segments of the health care sector, including hospitals. They're not all that upbeat about the hospital space, giving most players a 'hold' rating. Only LifePoint Health merits a 'buy' in their opinion; they see its shares (Ticker: LPNT) climbing to $82 from about $71 today. Overall, the analysts say they are "more tempered" on the hospital industry because of doubts about the continued growth in volumes amid difficult comparisons as well as "unease around potential bad debt creep."

Locally based Avondale Partners analyst Paula Torch has been bullish on LifePoint for a while. In a note Friday, she reiterated her 'outperform' rating and $94 target and says a big part of the company's appeal is its success buying and integrating smaller players.

If the remaining $600M in announced acquisitions closes by the end of 2015, LPNT will have added ~$1.85B in revenue over two years. Given the size, quality, and improved infrastructure, we believe the class of '14 and '15 deals could add over $200M in EBITDA by 2018.

Oct 2, 2015 11:54 AM

LifePoint has deal for Georgia hospital

Brentwood company started talks after CHS deal fell through
Oct 2, 2015 7:17 AM

Franklin Synergy again expanding HQ

Future home of mortgage group expected to open in Q1
Oct 1, 2015 2:47 PM

Surgery Partners tries to claw its way back to IPO price

At one point, stock was 26% below bottom end of targeted price range
Oct 1, 2015 12:34 PM

Clarcor appoints new group president

Previous Engine/Mobile president named senior business development officer
Oct 1, 2015 9:51 AM

Surgery Partners IPO falls well short of price range

CEO of Symbion buyer will ring Nasdaq closing bell today
Oct 1, 2015 7:42 AM

Tractor Supply to pay $775K EPA fine

The Environmental Protection Agency has slapped a $775,000 fine and various other penalties on Brentwood-based Tractor Supply after the company last decade imported more than 28,000 all-terrain vehicles and engines fro China that did not meet U.S. emissions standards or were labeled incorrectly. In some cases, the government says, vehicles had incorrect model names or came with engines more powerful than they were labeled as being.

The settlement requires Tractor Supply Company to implement a rigorous corporate compliance plan that requires regular vehicle and engine inspections, emissions and catalyst testing, staff training and reporting for five years. Tractor Supply Company will also mitigate potential adverse environmental effects of equipment already sold to consumers, which is estimated by EPA to be up to 23.5 tons of excess hydrocarbon and nitrogen oxide emissions and 12.2 tons of excess carbon monoxide emissions.

Here's the EPA's news release.

Oct 1, 2015 6:58 AM

Nashville stocks take their lumps in bruising Q3

You don't need two hands to count local gainers
Oct 1, 2015 6:39 AM