Brentwood Capital Advisors adds managing director

Veteran industry official to focus on health care sectors
Jun 12, 2014 10:26 AM

Truxton opens Georgia office

Private bank ventures into territory familiar to its wealth management leader
Jun 12, 2014 7:24 AM

YTD state revenues $222 million below expectations

Taxes collected in May fell both below expectations and 2.96 percent below last May's revenues, according to the Department of Finance and Administration. The undercollection puts the state almost a quarter of $1 billion dollars below expectations 10 months into the year. More on that here.

Jun 11, 2014 3:07 PM

State revenues down again in May

Total yearly collections now $222 million less than state officials expected
Jun 11, 2014 3:02 PM

Capella cuts interest rates

ABL amendment part of larger refinancing strategy
Jun 11, 2014 2:59 PM

Tracking stock plan for American Blue Ribbon, other assets facing opposition

The majority owner of Nashville-based restaurant holding company American Blue Ribbon Holdings has run into some headwinds in trying to carve out that business and others not related to its main real estate insurance companies. Fidelity National executives early this year announced their plan to spin their non-core assets — which also includes investments in Ceridian and Remy — into a separate structure with its own tracking stock. On Monday, they issued a lengthy statement restating their case in the face of negative recommendations from proxy advisors ISS and Glass Lewis. Shareholders will have their say next Wednesday.

Jun 10, 2014 11:02 AM

Medicaid expansion chatter boosts hospital stocks

Hospital stocks are finishing the week on a high note thanks to Medicaid expansion chatter in Virginia and Pennsylvania, says UBS analyst A.J. Rice. The firm says Community Health Systems has more than 11 percent exposure in Pennsylvania and LifePoint Hospitals gets nearly 13 percent of its revenues in Virginia.

Virginia Gov. Terry McAuliffe has made clear that expanding Medicaid is a top priority, but state Republicans are pushing back, MSNBC reports.

The governor insists he won't approve a budget without Medicaid expansion; Republicans insist they won't approve a budget with Medicaid expansion. It's pushed McAuliffe to try to get creative, though the details of his plan remain elusive.

Pennsylvania's shot at expansion seems a bit more likely, with three Republican House members joining with Democrats this week to vote in favor of expanding Medicaid. However, Gov. Tom Corbett does not support expansion, the Pittsburgh Post-Gazette reports, and has submitted a "Healthy PA" plan to the federal government in its stead.

Shares of CHS (Ticker: CYH) are up 8 percent this week to $45.12. Shares of LifePoint (Ticker: LPNT) are up 5 percent this week to $64.16.

Jun 6, 2014 1:11 PM

Southland pitch winner to get cash bonus

Sarah Lacy, whose Pando team is co-organizing next week's Southland conference at Marathon Music Works, says she has accidently exceeded her goal of having 10 judges for the event's startup pitch competition. The 11th investor to commit is Paul Judge, an executive at Barracuda Networks, which means the winning startup team will get the opportunity to negotiate for a $110,000 investment.

Jun 6, 2014 10:58 AM

Regions recruits trust SVP

Former tax attorney moves over from Raymond James
Jun 5, 2014 2:33 PM

Acadia COO books $212K profit on stock options

Acadia Healthcare COO Ron Fincher exercised a batch of stock options Tuesday, the day the behavioral health company announced a major acquisition in the United Kingdom. Fincher exercised a little more than 14,000 shares for $317,000, then forfeited $471,000 worth of the resulting shares to cover those costs and more. Fincher did that on the day Acadia announced its $660 million acquisition of Partnerships in Care, the United Kingdom's second-largest behavioral health company. Shares of the company jumped 15 percent after that announcement and Fincher cashed in Wednesday, selling the roughly 4,500 remaining shares he had obtained the day before for a profit of nearly $212,000.

Shares of Acadia (Ticker: ACHC) were down 1 percent $46.73 Thursday afternoon.

Jun 5, 2014 1:50 PM