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
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
An Alabama newspaper over the weekend said there are four private companies vying to buy debt-ridden Coffee Health Group. Beyond local players RegionalCare and Iasis, Texas-based Legacy Hospital Partners and Florida's Healthcare Management Associates are meeting with Coffee executives this week to discuss a potential sale.
Jan 25, 2010 7:36 AM
Iasis Healthcare has emerged as a "front runner" among companies interested in buying debt-ridden Coffee Health Group in Alabama. Marty Rash's RegionalCare Hospital Partners has been in discussions with Coffee since October about a potential deal with the hospital, which is struggling under $140 million of debt. The hospital is also exploring a partnership with two nearby facilities as an alternative to selling.
Jan 11, 2010 11:19 AM
Three prominent doctors in North Alabama's Lauderdale County have told lawmakers there they support Brentwood-based RegionalCare's bid to buy a local hospital system. It's pretty simple, they say: Ensuring good care requires efficiency and money and Marty Rash's new venture can best provide both.
"The way I look at the offers on the table, one entity (Huntsville Hospital) is willing to loan $60 million, another is looking at making a $400 to $450 million investment in the area," Clement said. "The only alternative we can see is a for-profit situation. They would come in and put money into the area because they want the facility to be successful."
Jan 7, 2010 1:44 PM
Murfreesboro-based TDK Construction is plowing $19 million into a 30-building development on the West side of Mobile. One competitor is not impressed.
"We certainly have an abundance of apartments online or coming online and there is not a need for any more," said Maxime, vice president of property management at Delaney, which has more than 2,000 apartment units.SEE ALSO: 'Boro developer planning Chattanooga apartments
Nov 30, 2009 10:54 AM
San Antonio-based SWBC has acquired six mortgage production offices from Texas to Georgia, including one in Brentwood. The buyer is mum about the seller, which appears to be New South Federal Savings Bank, a struggling institution regulators have ordered to find a buyer in the next month. New South's former address east of Interstate 65 is now registered to SWBC, which also runs offices in Hendersonville and Spring Hill. SEE ALSO: Building anew as well as other mortgage tidbits
Nov 24, 2009 8:22 AM
Low-profile investment firm Carter-Haston has partnered with an Ohio company to acquire a 414-unit apartment complex on the south side of Birmingham. The two companies paid Colonial Properties Trust almost $25 million for the 15-year-old property.
Nov 19, 2009 10:50 AM