Community Health Systems executives have told BlueCross BlueShield of Arkansas officials they will withdraw from the insurer's network at the end of this month. Franklin-based CHS runs nine hospitals and a number of physician clinics in the state.
"CHS is terminating because we will not agree to additional increases in reimbursement," ABCBS said in a letter to its agents dated Aug. 10. "We already are paying CHS hospitals the same rate that we pay all other Arkansas hospitals for outpatient services. And for inpatient services, we actually pay more, on average, to CHS hospitals than we pay to other Arkansas hospitals."
Fisk University and Wal-Mart heiress Alice Walton have sealed their agreement to share the Alfred Stieglitz collection of Georgia O'Keeffe works. The $30 million deal will have the collection migrate between Nashville and Fayetteville, Ark., every two years. Court documents show that Fisk will set aside $3.9 million to create a fund that will maintain the art.
Department store chain Dillard's said Monday it will shut down its Nashville distribution facility this summer, a move that will cost 125 people their jobs. The facility on Brick Church is the victim of a shiny new warehouse near company headquarters in Arkansas, but many of the affected workers may be in luck. Saks is hiring big time in La Vergne.
Delek US Holdings officials late on Tuesday said their cash-cow refineries in Texas and Arkansas will run well below capacity for the next few weeks because of various factors. In Tyler, Texas, a power interruption last week has resulted in the idling of part of the facility. In the Natural State, Delek execs have only partially replaced the supplies Exxon took away late last month. Those factors mean Delek's refining operations will process around 110,000 barrels per day in May — 22 percent below capacity and Q1 output — and 120,000 barrels in June.
The news could put a dent in shares of Delek (Ticker: DK), which closed Tuesday trading at $15.93. They're up 40 percent year to date.
A director of the Arkansas hospital that is negotiating a sale to Franklin-based Capella Healthcare has resigned from the board of that facility's parent company over the talks, saying he wants the institution to remain faith-based. ArkansasBusiness.com also reports that a former St. Joseph's Mercy CEO isn't exactly endorsing a Capella deal.
SEE ALSO: Capella inks Arkansas deal
The Tennessee Supreme Court said Monday it will not let Attorney General Bob Cooper appeal a lower-court decision to allow Fisk University to share its Stieglitz Collection with the Crystal Bridges Museum in Arkansas.
One of the items that must be sorted out in chancery court is whether that fund is large enough for the task at hand. Fisk also must show that the gallery where it displays the collection on campus has been adequately refurbished.
Nashville-based AutoBody America has grown its Arkansas footprint to three locations with the acquisition of a repair shop in Fayetteville. The purchase of Royal Coach Autobody comes as that company's owner retires and comes a couple of months after AutoBody America moved into Mt. Juliet.
Tennessee Attorney General Bob Cooper has filed an appeal contesting the $30 million agreement to share Fisk University's Stieglitz art collection with the Crystal Bridges Museum in Arkansas. Cooper says rulings by Davidson County Chancery Court and the Tennessee Court of Appeals judges approving the sale could have an impact on the management of other charitable gifts throughout Tennessee.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS