Digital health care records company Shareable Ink will take space in the first office building to open in oneC1TY, Nashville Business Journal reports. The Nashville-based company, which has 25 employees, will move from its Cummins Station office in SoBro. To be anchored by Tennessee Orthopaedic Alliance, the building is slated to open by November. Read more here.
Saint Thomas Health's accountable care organization MissionPoint Health Partners is expanding into employer contracts, according to Modern Healthcare.
The Nashville-based ACO already managed a number of Medicare Share Savings Programs and partnerships with insurers, such as BlueCross BlueShield of Tennessee.
"Now MissionPoint is marketing its network and care- and cost-management services to large employers in Evansville, Ind., Birmingham and Mobile in Alabama, and the FLorida cities of Pensacola and Jacksonville," Modern Healthcare reports.
St. Louis-based Ascension is also targeting employers through its acquisition of Michigan health plan U.S. Health and Life Insurance Co. in February.
Just as the dust is settling on the second-quarter earnings season, John Ransom at Raymond James has raised his rating on shares of Community Health Systems to 'outperform' from 'market perform.' He had gone in the other direction following the Supreme Court's Obamacare ruling in June, but the stock has since retreated near to pre-ruling levels. His new price target for the stock is $70. It was changing hands Friday morning (Ticker: CYH) at about $57.60.
Another analyst has weighed in on the prospects for shares of National Health Investors following word of the pending exit of CEO Justin Hutchens. And just like Juan Sanabria at Bank of America Merrill Lynch, John Kim at BMO Capital Markets says Hutchens' departure is a blow for NHI. He sees "very little managerial depth" at the Murfreesboro-based company and has lowered his rating on the company to 'market perform' from 'outperform.' He also has trimmed his price target more than 10 percent to $65. NHI (Ticker: NHI) is trading at about $58.50.
Vanderbilt University Medical Center’s Light Hall will see a major rehab job of its sixth-level laboratory space.
American Constructors is handling the work, with the permit valued at $691,400.
Senior living community The Heritage at Brentwood has partnered with Williamson Medical Group to open a walk-in clinic on the community campus.
The new clinic will provide physicians and offer lab testing, prescriptions and vaccinations, among other services.
"Thanks to our partnership, residents at The Heritage will not only benefit from the medical physician on site, but they will have better access to Williamson Medical Group's complete physician network, including specialists," Tim Burton, Williamson Medical Center associate administrator, said in a release. "This improved access will give residents the ability to streamline health care providers and medical records, which can lead to more efficient and effective care."
The lawsuit filed by a Community Health Systems subsidiary against a Georgia hospital has been unsealed, a Columbus television station is reporting.
CHS sued cash-strapped St. Francis Hospital earlier this week for the $5 million it invested in an acquisition deal that later fell through. The Franklin company alleged Columbus-based St. Francis misrepresented itself in the acquisition negotiations. The hospital later signed a letter of intent to sell to CHS' locally based peer LifePoint Health.
The hospital assured CHS that the hospital's problems were exclusively financial, according to the document…CHS says it later learned the hospital was notified the day before their meeting that the Housing and Urban Development Office of Inspector General initiated a legal investigation into the hospital.
Shares of CHS (Ticker: CYH) were $56.91. Year to date, they're up 5.5 percent.
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