Middle Tennessee School of Anesthesia names dean

Madison-based entity also announces program administrator
Aug 31, 2015 7:00 AM

Symmetry Surgical buying clips, appliers business

North Carolina company's operations, distribution will move to Antioch HQ
Aug 28, 2015 7:11 AM

Texas investment house wants Symmetry Surgical changes

Firm declares 7%+ stake after big buying day last week
Aug 27, 2015 7:12 AM
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Stifel hikes Healthcare Realty rating

Stifel Nicolaus analyst Dan Bernstein has upgraded shares of Healthcare Realty Trust to 'buy' from 'hold,' saying the Nashville-based REIT is a good value for investors to step in after it slipped from above to $25 to below $23 in the recent market swoon. Bernstein sees more than 20 percent upside for Healthcare Realty (Ticker: HR), which was changing hands at almost $23.20 Wednesday afternoon. Read more here.

Aug 26, 2015 2:32 PM

Saint Thomas Health names new COO

Former Midtown, West CEO promoted to system-wide position
Aug 26, 2015 12:00 PM

RBC: HCA among the 'market darlings'

The equity research team at RBC Capital Markets says investors should stay in (or get back into) many of the names that were doing well before the market's recent slide. Among these "market darlings," they say, is Nashville-based HCA Holdings, which has fallen 10 percent in the past month — right in line with the S&P 500 Index. HCA (Ticker HCA) fell 1.7 percent Tuesday to $83.09.

Aug 26, 2015 6:47 AM

Class action suit filed against AAC

Securities law firm Block & Leviton has filed a federal class action suit against AAC Holdings.

The case alleges the Brentwood addiction treatment company made "false and misleading statements" related to legal proceedings, including the pending charges against former AAC president Jerrod Menz and a company subsidiary in California.

Earlier this month, AAC disclosed the unsealed indictment against Menz and the company, which included second degree murder and adult abuse charges.

"The [share price] drop in the days following the disclosure of the indictments equaled approximately $153 million in market capitalization losses," the law firm said in a release.

The suit, filed in the U.S. District Court for the Middle District of Tennessee, is on behalf of investors who purchased AAC shares between October 2, 2014 and August 3, 2015, when the indictments were announced. For more, click here.

Aug 25, 2015 3:00 PM

Year-old REIT files to go public

Investors look to bring to market venture run by Capstone Capital alums
Aug 25, 2015 1:12 PM

naviHealth nears sale to giant public company

Updated Tuesday morning:

Cardinal Health has announced its intent to buy a majority stake in naviHealth in a deal expected to close later this week. Ohio-based Cardinal is paying $290 million in cash for 71 percent of Brentwood-based naviHealth — which works with some 2 million health plan members — with the goal of buying the remainder of the company in stages over the next four years.

“Discharge and post-acute care coordination is critical for both hospital CEOs and their patients, as care is increasingly delivered in alternative sites and payment models shift the focus to patient outcomes rather than activity,” said Michael Petras, president of Cardinal Health at Home. “The acquisition of naviHealth aligns with Cardinal Health’s strategic priority of offering the most complete and integrated suite of services to meet the needs of our Integrated Delivery Network, hospital and other customers.”

Clay Richards, CEO of naviHealth, and his team will stay on to run the company and report up Petras. Cardinal executives say naviHealth will be accretive to the earnings of their medical segment, which in fiscal 2015 posted a segment margin of 3.8 percent on revenues of more than $11 billion.

 
As originally reported:

Milt Capps on Monday afternoon reported that medical products and services distribution giant Cardinal Health appears to be on the verge of buying local post-acute care manager naviHealth in a deal that could be worth as much as $400 million.

A Federal Trade Commission filing — check it out here — shows the deal clearing a notable regulatory hurdle. Buying naviHealth would be Cardinal's second major 2015 move involving a Middle Tennessee company: In April, the $103 billion-revenue company (Ticker: CAH) snapped up Metro Medical Supply.

SEE ALSO: A news release Monday from naviHealth saying it has extended its contract with a large Wisconsin health plan

Aug 25, 2015 7:12 AM

Former Healthways COO wants $3M+ over firing

Michela says he was served papers after saying he wouldn't wait in line behind CEO-to-be Tramuto
Aug 25, 2015 7:03 AM