Catching up to the medical mart race
Posted on November 17, 2009 at 10:55 amMedCity News pulls together the various threads shaping the efforts in Nashville, Cleveland and the Big Apple to open massive medical convention spaces. The synopsis: New York has the tenants, Cleveland thought it had the land and Nashville thinks it’s going to get state incentives.
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Medical trade center site ‘kind of finalized’
Posted on November 16, 2009 at 7:51 am
David Osborn, who’s helping Crow Holdings and Market Center Management Co. develop their plans for a Nashville medical trade center, tells Milt Capps the location and basic design of the massive facility is a month away.
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Developers float Manhattan med mart concept
Posted on July 1, 2009 at 2:47 pmAnd they appear to have a big headstart on efforts in Cleveland and Nashville, with Cardinal Health, Zimmer and others already having signed deals.
Excavation on the World Product Centre site is scheduled for November, with construction finishing in 2013. WPC will license about one-third of the pavilion space and use the proceeds as collateral on a construction loan. “Marketing and development is–and will continue to be–financed by private equity,” says Michael Resnick, WPC’s executive vice president. “We are confident that we will have the financing in place to obtain a construction loan.”
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American HomePatient swings to Q1 loss
Posted on May 6, 2009 at 12:16 amThe home health care company (Ticker: AHOM) posted a $5.2 million loss in the first three months of the year after earning a small profit a year ago. Sales fell 16 percent but operating costs shrank by less than 8 percent. The Brentwood-based company has a mountain of debt coming due this summer that could lead to big changes. (Search for ‘going concern.’)
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Franklin medical equipment firm acquired
Posted on May 1, 2009 at 9:01 amOntario-based Prism Medical has bought Dignity Inc., a local supplier of patient handling and moving equipment. Dignity makes its products in the U.S. and Canada.
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American HomePatient reverses ‘07 losses
Posted on March 6, 2009 at 12:00 amThe locally headquartered provider of medical equipment and services earned $1.5 million last quarter versus a small loss in late 2007. The improvement came from trimming costs and getting out of some unprofitable businesses, but the company (Ticker: AHOM) still faces an August debt deadline that could result in its assets being foreclosed. (Search for ‘Going concern and liquidity.’)
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Local exec names to CMS committee
Posted on March 4, 2009 at 12:16 am
From a release:
NASHVILLE, Tenn. – Tom Milam, chief operating officer of AmMed Direct®, has been named to the advisory committee that will assist the Centers for Medicare and Medicaid Services (CMS) in developing new policies and procedures for its medical equipment competitive bidding program.
The competitive bidding program was established by the Medicare Prescription Drug Improvement and Modernization Act of 2003. In July 2008, CMS rolled out the first version of the new competitive bidding rules, and they were met with strong opposition from the health care industry and members of Congress. As a result, Congress mandated that CMS enlist the help of an advisory committee to help ensure that new rules are developed which will be fair and will preserve and improve the quality of care for Medicare beneficiaries. Milam, whose company provides mail-order medical supplies to people with diabetes, was one of 17 people named to the committee.
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