HCA has been approved by officials in Oviedo, Fla., to rezone more than 23 acres that look set to become home to a free-standing emergency room and medical office space. The strategy would be similar to what the hospital titan is doing in Spring Hill and planning for the Hickory Hollow area.
A Florida judge has ruled that lawmakers' plan to privatize prisons via the state budget is unconstitutional. The move would have given Nashville-based Corrections Corp. of America and its main rival The GEO Group the chance to bid on 29 prisons in 18 counties in the southern part of the Sunshine State.
She said the DOC could have initiated privatization and presented a business case to the Legislature. But neither Gov. Rick Scott nor the DOC requested the massive privatization, which popped into the budget late in the session.
The DOC scheduled a bid opening on Tuesday for offers from companies interested in operating the prisons. Fulford enjoined the state from proceeding, but that edict will probably be stayed if the state appeals.
Shares of CCA (Ticker: CXW) are off about 2.4 percent this afternoon and have fallen about 9 percent this year.
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 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.
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.
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