HCA's Florida group renews Cigna deal
It's been a while since hospital giant HCA got into a public spat with an insurer over a contract renewal. Thanks to a new two-year deal, that won't happen with Cigna in Florida, where HCA runs 40 hospitals and 36 surgery centers.
Vanguard, Ardent, AmSurg, Brookdale wrap up acquisitions
The M&A attorneys for Vanguard Health Systems, Ardent Health Services, AmSurg, Community Health Systems and Brookdale Senior Living have been busy lately. Vanguard has completed its $210 million purchase of 51 percent of Texas hospital system Valley Baptist. Meanwhile, Ardent wrapped up its deal for two CHS hospitals in Oklahoma and AmSurg completed its acquisiton of Dallas-based National Surgical Care. Lastly, Brookdale put a bow on its acquisition of Horizon Bay Realty, whose assets are primarily in Texas and Florida. The last deal also involved negotiations for a Brookdale option to up to 20 percent of the U.S. portfolio of Chartwell Seniors Housing Real Estate Investment Trust.
DeBartolo firm buys Publix shopping centers
DeBartolo Development, one of the firms behind the development of suburban retail as we know it, has snapped up two local developments anchored by Publix stores. The acquisitions of Mt. View Marketplace in Antioch and Harpeth Village on Highway 100 (pictured) mark DeBartolo's entrance into Tennessee. Both are nearly fully leased: The Mt. View center recently inked Petco to a long-term deal.
And yes, these are the DeBartolos of 49ers fame. Here's background on their real estate ventures.
Hall Booth adds litigator
Locals win Florida hospital job
Nashville architects Gould Turner Group and contractor Brasfield & Gorrie have been awarded contracts to help build a $50 million expansion and renovation project at Oak Hill Hospital in the Tampa Bay area.
Real estate notes: City Center plans $1M refurb
NHI funding Florida project
National Health Investors says it has funded a second mortgage to help build a 120-bed assisted-living facility in Central Florida. The $2.5 million investment accounts for about 12 percent of the project's cost and will pay Murfreesboro-based NHI 13 percent interest. Shares of NHI (Ticker: NHI) are flat year to date.
Haven Florida plan denied
Florida officials have turned down the request by Haven Behavioral Healthcare to build a 26-bed inpatient facility on the grounds of an Orlando-area hospital. The $1.9 million plan would have taken five-year-old Haven into the Sunshine State for the first time. The company is backed by venture capital players Thoma Cressey, Ascension Health Ventures and Clayton Associates.
Cigar maker decides against Nashville HQ move
Altadis U.S.A., a cigar maker owned by global player Imperial Tobacco Group, has decided against moving its headquarters and up to 140 jobs to Middle Tennessee from Fort Lauderdale. Altadis executives had been looking for incentives to help them add 55 jobs their HQ and got the cash they wanted from Florida officials.
SEE ALSO: How another global cigar player's moves stripped Nashville of CAO's home base
CCA in line for ICE deal
Officials at the Immigration and Customs Enforcement division of the Department of Homeland Security have tentatively chosen a Corrections Corp. of America plan to build a 1,800-bed prison northwest of Miami. The site on the edge of the Everglades is planned to house immigrants awaiting hearings and is set to cost more than $100 million to build.
Southwest Ranches' filing with the county describes the facility as "non-penal in nature" and would promote a relaxed atmosphere -- whatever that's supposed to mean.
Local analyst Kevin Campbell of Avondale Partners estimates the contract, if finalized, could add between 5 and 10 cents to CCA's annual profits per share when it comes online, likely in late 2013. The Nashville-based company is expected to earn $1.49 this year. Its shares (Ticker: CXW) are up about 1.3 percent this afternoon to $21.10.




