SOUTH

Modern Healthcare - - Regional News -

NASHVILLE—

HCA and the Metropoli­tan Gov­ern­ment of Nashville & David­son County an­nounced an agree­ment swap­ping the cur­rent site of the head­quar­ters of the Metro Nashville Pub­lic Health Depart­ment for some other land that HCA owns, ac­cord­ing to a news re­lease. Also, HCA will su­per­vise con­struc­tion of a new pub­lic health head­quar­ters for no more than $28.5 mil­lion; HCA will front the money for the pro­ject to the Metro Gov­ern­ment, which will re­pay the loan with 3% in­ter­est. HCA also will re­ceive a $50,000 pro­ject man­age­ment fee. Fi­nally, HCA will re­ceive a full tax abate­ment on the head­quar­ters for five years and a 50% abate­ment for five years af­ter that. The com­pany has no im­me­di­ate plans to ex­pand Cen­ten­nial’s cam­pus, ac­cord­ing to the re­lease. The head­quar­ters, known as the Lentz Health Cen­ter, was built in 1958 and is ad­ja­cent to Nashville-based HCA’s 583-bed Cen­ten­nial Med­i­cal Cen­ter and Parthenon Pavil­ion. The health depart­ment has con­sid­ered ren­o­va­tions, but a new fa­cil­ity on Char­lotte Av­enue would be bet­ter de­signed for cur­rent pa­tient and work­force needs and also would be lo­cated on a pub­lic bus line, ac­cord­ing to Dr. Bill Paul, the Metro Gov­ern­ment’s di­rec­tor of health.

DAL­LAS—

St. Jude Chil­dren’s Re­search Hos­pi­tal “im­me­di­ately” spent do­na­tions from Stan­ford Fi­nan­cial Group, and to re­turn the money—as de­manded in a law­suit filed on be­half of Stan­ford in­vestors—would hurt the hos­pi­tal’s mis­sion, a spokes­woman said. The Mem­phis, Tenn., hos­pi­tal and its fundraiser, the Amer­i­can Le­banese Syrian Associated Char­i­ties, and the LeBon­heur Chil­dren’s Med­i­cal Cen­ter Foun­da­tion, were named in a law­suit filed in fed­eral court in Dal­las by the Of­fi­cial Stan­ford In­vestors Com­mit­tee. The law­suit seeks to re­coup do­na­tions of more than $7.4 mil­lion. The Stan­ford Fi­nan­cial Group is fac­ing fraud al­le­ga­tions by the Se­cu­ri­ties and Ex­change Com­mis­sion. Stan­ford’s chief fi­nan­cial of­fi­cer pleaded guilty in 2009. Emily Cal­la­han, a spokes­woman for St. Jude Hos­pi­tal’s fundraiser, said in a writ­ten state­ment: “While our hearts go out to those im­pacted by the Stan­ford in­vest­ment is­sues, it would hurt our char­i­ta­ble mis­sion to have to re­turn the

SOUTH

HCA Chair­man and CEO Richard Bracken, cen­ter, talks with Nashville of­fi­cials about the com­pany’s land swap.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.