Newspaper sues to delay RegionalCare's hospital buy

An Alabama newspaper that's been closely covering plight of its local Coffee Health Group — which is set to be purchased by Brentwood-based RegionalCare Hospital Partners — has filed a lawsuit to halt the hospital's sale until certain records are made public. It wants to see RegionalCare's letter of intent, a report by FTI Consulting, the purchase proposals from the three losing bidders (which include Iasis Healthcare) and e-mails between hospital officials and elected officials regarding the deal.
"We have requested an injunction to maintain the status quo until the court rules on whether the (health care) authority must produce the requested documents," said Dennis R. Bailey, who is representing the TimesDaily. Bailey also is general counsel for the Alabama Press Association. "The three documents we specified are public records based on the Alabama Open Records Act," he said.
Get caught up on the sale process here.
Mar 12, 2010 7:20 AM

Local private equity firm sells two ventures

Deals produce big returns
Mar 8, 2010 4:31 PM

Marty Rash's Q&A in Alabama

RegionalCare Hospital Partners' Marty Rash sat down with TimesDaily reporter Michelle Eubanks on Wednesday for a Q&A about his company's plans for Coffee Health Group. RegionalCare got the nod to buy the facility in February. An excerpt:
Q: What do you say to those who feel your interests are in flipping the hospital in the near future in order to turn a profit? A: We're not in the business of flipping hospitals. John (Rutledge) and I have been in business together for the past 25 years, with 10 years at Province Healthcare and 10 years at Community Health Systems.
Check out the story for a spiffy rendering of the new, 300-bed hospital RegionalCare is planning.
Mar 4, 2010 11:47 AM

Ala. hospital board picks RegionalCare

The board of Coffee Health Group, the much-coveted hospital system in Alabama's Muscle Shoals area, has voted in favor of selling to RegionalCare Hospital Partners. The non-binding vote has to be followed up by nods from local government entities.
"RegionalCare was the only one of the four to bring such a strong capital commitment to health care in the Shoals," Pigg said. "We haven't talked specifics of equipment, but these will be global dollars that will help grow the services we have here."
Feb 24, 2010 7:26 AM

STHS to open 15 outpatient clinics

Saint Thomas Health Services Outpatient Rehabilitation is partnering with local nonprofit group BH1 to open 15 new Baptist Sports Medicine and Life Therapies clinics over the next 18 months. The clinics will be located throughout Tennessee, northern Alabama and southern Kentucky. Services include sports and orthopedic rehabilitation, occupational therapy, speech therapy, nutritional services and athletic training among others.
Feb 23, 2010 7:18 AM

CHS likes its man in Birmingham

Community Health Systems has removed the interim tag from Keith Granger's CEO title at Trinity Medical Center on the north side of Birmingham. Trinity has been trying to move into an unfinished HealthSouth hospital nearby, a move that has been contested by its local rivals.
Feb 16, 2010 7:54 AM

Capella growing in Decatur

Parkway Medical Center, one of the nine hospitals Franklin-based Capella Healthcare acquired from CHS two years ago, is on a roll with plans to hire up to 10 doctors and build an annex to its 120-bed facility.
Feb 15, 2010 11:27 AM

Iasis, RegionalCare still in the running

Coffee Regional Health Group's local paper reports on behind-closed-doors board meetings on acquisition talks that, at least for now, still include Iasis Healthcare, RegionalCare Hospital Partners and their two competitors. But apparently RegionalCare has sweetened its proposal:
What is known about the four organizations is that each have proposed a method to deal with Coffee's $140 million in debt. Each also have agreed to continue Coffee's policy of caring for indigent and uninsured patients. One organization, RegionalCare, also has presented a plan construct a new hospital for Lauderdale County.
Feb 11, 2010 8:18 AM

D1 recruits big names in Birmingham

Cool Springs-based D1 Sports is preparing to open a 14,000-square-foot facility near Samford University in Birmingham. On board as co-owners are ex-Crimson Tide QB Brody Croyle and teammate DeMeco Ryans as well as a bobsled Olympic medal winner. It's D1's ninth facility.
Feb 8, 2010 8:25 AM

Docs backing Alabama hospital buy

Looks like Iasis and RegionalCare have some allies on the ground in Alabama. A local physician group that wants to see a single hospital in the Shoals region is opposing an affiliation agreement between Helen Keller Hospital and Huntsville Hospital. Both Iasis and RegionalCare are among four for-profit companies trying to buy nearby Coffee Health Group, which could lead to a single facility serving the region.
Florence Councilman Barry Morris, who is on the council's finance committee, said he's checked the financials on each of the four interested for-profit organizations. "The argument for a single hospital is overwhelming," he said. "But if one of those interested can take a single hospital and make it viable, take that debt and pay it down and then work toward building a new one, I'm not sure how they can do it."
Feb 4, 2010 7:43 AM