National Health Investors has drawn on its revolving credit line to buy an Alabama retirement community for $12 million and has signed a 15-year lease deal with Discovery Senior Living. The two companies also have signed a deal to have NHI fund a $2.5 million second mortgage on a Discovery project in Florida. Check out the details here.
TransCore, the toll booth operator that this summer moved its headquarters to downtown Nashville from Central Pennsylvania, has been awarded management contracts for three of the famous causeways leading into and out of Miami. The deals are worth a combined $13 million and TransCore says it will have its systems up and running by next spring. TransCore is a division of Roper Industries (Ticker: ROP), a Florida-based holding company for a number of industrial and service businesses with 2012 sales of $3 billion.
Law firm Baker Donelson Bearman Caldwell & Berkowitz has set up shop in Fort Lauderdale with an eye on getting a slice of the large mortgage litigation pie in the Sunshine State. NBJ's E.J. Boyer reports the office — Baker Donelson's 20th in all — is starting work with three attorneys and two paralegals.
Locally based HCA Holdings and RegionalCare Hospital Partners are two of the four entities that have submitted bids to buy or lease Citrus Memorial Hospital, a struggling facility located north of Tampa. Also in the mix are Health Management Associates — which itself may be hitting the auction block soon — and a Tampa hospital. Citrus Memorial is in financial hot water and recently had its debt ratings downgraded by both Moody's and Fitch.