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