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A Franklin company that collects insurance payouts is expanding with acquisition of a Maryland company

By MATT BLOIS A Franklin company that helps hospitals collect insurance payouts has acquired a Maryland company that provides a similar service. The Franklin company Kemberton purchased the Maryland company Advanced Patient Advocacy. Kemberton focuses on collecting insurance payments related to car accidents, workers compensation claims and Veteran’s Administration claims. In addition to collecting insurance

By | 2019-10-09T15:38:47-05:00 October 9th, 2019|Categories: Business, BW-Healthcare|Tags: |0 Comments

CHS hospitals part of sweeping civil suit against opioid industry

By KARA HARNETT This story first appeared in our sister publication the Nashville Post. Editor's note: This story has been updated to remove Saint Thomas Hospital for Specialty Surgery as a plaintiff. The original complaint includes the facility but an official for parent organization Ascension Saint Thomas says the organization is not part of the

By | 2019-09-30T14:35:21-05:00 September 30th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

New York private equity firm invests in Franklin health care tech company as previous investors exit

By MATT BLOIS The New York private equity firm New Mountain Capital has invested in the Franklin health care tech company emids. New Mountain bought Baird Capital and Council Capital’s stake in the company. The companies didn’t disclose the terms of the transaction. Founded in 1999, emids provides health care IT services, application development and

By | 2019-09-26T13:23:24-05:00 September 26th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

Tennessee YMCAs dropping out of Tivity’s gym membership program for seniors

A man rides his bike in front of the Brentwood YMCA. / File photo By MATT BLOIS YMCAs in Tennessee are dropping out of a Franklin health care company’s gym membership program for seniors. Starting next year, seniors participating in Franklin-based Tivity Health’s SilverSneakers program won’t be able to use YMCAs in Tennessee. SilverSneakers members

By | 2019-09-19T09:49:00-05:00 September 19th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , , |0 Comments

Spero Health opens clinic in Dyersburg

Image courtesy of Spero Health. This story first appeared on our sister publication Nashville Post STAFF REPORTS Substance use disorders treatment company Spero Health has announced an outpatient addiction treatment clinic in Dyersburg. Based in Brentwood and privately held by Heritage Group, Health Velocity Capital, South Central Inc. and Frist Cressey Ventures, Spero Health operates

By | 2019-09-13T14:46:33-05:00 September 13th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

Prison health care company hires a corrections executive to lead the company

By MATT BLOIS The prison health care company Corizon has hired a corrections executive to become the new CEO. The company announced on Thursday that James Hyman will be the new CEO starting Sept. 1. He replaces Steve Rector, who will serve as an advisor to the board of directors on an ongoing basis. From

By | 2019-09-09T15:02:36-05:00 September 9th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

A big Quorum investor is going active

By MATT BLOIS One of Quorum Health Corporation’s largest investors is going active. The New York investment firm York Capital Management Global Advisors — which manages about $20.5 billion — filed documents with the SEC indicating it would switch from a passive to an active investor. York Capital first invested in Quorum in the third

By | 2019-09-04T14:11:22-05:00 September 4th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

CHS CEO goes bottom fishing again

NASHVILLE POST By Geert De Lombaerde Community Health Systems Chairman and CEO Wayne Smith has again waded into the open market to buy big blocks of stocks of the company he has run since 1997. Wayne Smith. / Photo courtesy of Nashville Post As CHS shares hit an all-time low early this week,

By | 2019-09-03T12:55:47-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , , |0 Comments

Brookdale looks to add two board members to fend offan activist investor’s push to increase sway

NASHVILLE POST By Geert De Lombaerde The directors of Brookdale Senior Living have chosen a veteran cruise line executive and a longtime health care consultant to stand for board election later this year as it seeks to fend off an activist investor’s push to increase his sway on the board. Vicki Freed / Photo

By | 2019-09-03T12:55:12-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

Community Health Systems and Quorum Health move forward with hospital sales

By MATT BLOIS The Williamson County hospital chains Community Health Systems and Quorum Health are both moving forward with their plan to sell off hospitals. CHS completed the previously announced sale of two hospitals in Florida in late August. Quorum will move forward with a previously announced plan to sell a California hospitals. Community Health

By | 2019-09-03T12:32:50-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments