Correct Care close to sealing Conmed deal

More than 96 percent of the shareholders of Maryland-based prison health care provider Conmed have tendered their shares to Correct Care Solutions, paving the way for the local company to complete its acquisition later this week. The $59 million transaction will create a company that provides care to 100,000 inmates in 25 states.

Aug 28, 2012 8:51 AM

Correct Care target posts record revenues

Conmed Healthcare Management, the Maryland-based prison health services provider being acquired by Correct Care Solutions, says it earned $360,000 in the second quarter, reversing a year-ago loss of about $140,000. Revenues at the company rose 18 percent to almost $20 million, a new quarterly record. The increase was due to both new contracts and the expansion of services at existing client sites.

Aug 14, 2012 10:55 AM

Prison health venture buys public peer

Companies combining in $59M deal will handle care for 100,000 people
Jul 16, 2012 1:48 PM

Permit Patrol: 4 November 2011

Mattresses in Green Hills, Correct Care's new home, another office tenant at Terrazzo, and more...
Nov 4, 2011 11:05 AM

Real estate notes: Exeter finalizes local buy

Also: Corrections health care firm inks new lease
Jul 28, 2011 2:25 PM

Correct Care gets Nebraska prison deal

Local prison health care firm Correct Care Solutions has a won a contract to service a county-owned Nebraska prison. The $1.2 million deal is good through May 31, 2014.

May 11, 2011 9:28 AM

Still a Sohr subject

In what must have been an adroit feat of investment banking diplomacy, Boston's Provident Healthcare Partners has closed a recapitalization deal for Correct Care Solutions, the Nashville-based prison health care provider jointly owned by Preston Ingram and Scott Sohr. Audax Group, also based in Boston, is the source of the recap funding. Terms of the transaction were not disclosed. Entrepreneurs Sohr and Ingram, you may recall, are embroiled in litigation at Davidson Chancery over the fallout from a soured homebuilding venture that left them on the hook together for $100 million in debt. One of Ingram's claims is that Sohr should have to undo the 2007 transfer of $17 million worth of Correct Care stock to a personal trust. Asked whether a settlement made the deal possible, Ingram attorney Gino Bulso of Leader, Bulso, Nolan & Burnstein responded: "The sale does not represent a resolution of any of the claims pending before Chancellor McCoy." Scott Sims of Walker, Tipps & Malone, representing Sohr, concurred with that assessment.
Sep 3, 2010 7:47 AM
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Headline homes: Nashville's top sales, June 2010

Bank unloads foreclosure in top sale, two massive manses in Laurelbrooke change hands, and more [From our print edition featured in Monday's City Paper]
Jul 10, 2010 4:29 PM

At law: Much obliged

Huge debt leads to lawsuit between two major local investors who had ambitious homebuilding plans [From our print edition featured in Monday's City Paper]
Jul 4, 2010 8:42 PM

Prison health venture lands NY contract

Correct Care Solutions has been awarded a three-year deal to manage the health care of about 1,400 inmates in Westchester County, N.Y. The contract is worth more than $14 million to the Nashville company, which has won a number of similar contracts so far this year.
May 28, 2010 12:01 PM
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