Avondale Partners analyst Paula Torch says investors should expect generally good second-quarter numbers from hospital operators in the coming weeks. The recent positive preview from industry leader HCA Holdings was a good tell and should generally translate to other operators. Torch expects LifePoint report earnings per share of $1.01, two cents above analysts’ consensus, on the back of good patient volumes, better cost controls and the upgrading of acquired hospitals. But she’s not as bullish on the prospects of Community Health Systems, which she expects will earn 88 cents per share, a penny less than consensus. But revenues should be strong, she says, helped by easier comparisons to last year’s Q2 and helping to offset spending on doctor recruitment at former HMA hospitals.
Marilyn Tavenner, the former administrator of the Centers for Medicare and Medicaid Services, has resigned her seat on the board of LifePoint Health. Tavenner was named a director of the Brentwood-based company only this past April, but is stepping down to focus on her new job as CEO of America's Health Insurance Plans, one of the biggest trade groups in the health care sector.
William F. Carpenter III, Chairman and Chief Executive Officer of LifePoint Health, said, “On behalf of LifePoint, I want to congratulate Marilyn on her appointment as AHIP President and CEO. While this means we must lose her as a member of our Board of Directors, the healthcare industry remains very fortunate to have Marilyn as a leader during this time of change. She will play an important role in making communities healthier by providing continued leadership in the efforts to improve access to quality, affordable care for all Americans. Our board understands her need to focus on this new endeavor, and we wish her the very best.”
Centerstone Research Institute wants to raise $2.2M to develop a predictive analytics arm for the behavioral health care market, according to Venture Nashville.
The company, currently called Prizam Healthcare Technologies, was created by CRI data scientist Casey Bennett. Prizam is expected to be rebranded, and is the first for-profit business for Nashville-based CRI, which is the research arm of nonprofit behavioral health care provider Centerstone of America.
Venture Nashville reports Prizam's customers are accountable care organizations, payers and health care providers and that the $2.2 million raise might be followed by a $5 million round.
Murfreesboro-based National HealthCare Corp. will break ground this week on a 112-bed skilled nursing center in Maury County.
The new Columbia facility is a joint venture between NHC and Maury Regional Medical Center and represents an $18 million investment. Last October, NHC began work on a similar facility in Bellevue. NHC Place at the Trace is expected to open next spring.
Shares of NHC (Ticker: NHC) were $62.80 Monday afternoon. Year to date, they're flat.
POSTDATA: WARRANTY DEEDS