Nov 2
HCA launches Parallon Business Solutions.

The TNInvestco transaction includes Nashville Capital Network’s Angel Fund and Angel Group, The Martin Companies and Heritage Group Holdings. The company’s founder, Stephen S. Hau, is president and CEO of Shareable Ink. The company changed its name to Shareable in late 2015.

Nov 2
Corizon Healthcare Services is formed.

Corizon, a health care provider for correctional facilities, forms out of the $250-million merger of Brentwood-based America Service Group with Valitas Health Services, each of which operates a correctional health care subsidiary (Prison Health Services [PHS] and Correctional Medical Services, respectively). The combined company will rebrand as Corizon, a provider of health care services to…

Nov 2
Cool Springs Life Science Center opens.

The Nashville area’s first dedicated office park to life sciences, the Cool Springs Life Science Center was the brainchild of BioMimetic Pharmaceutical’s founder, Sam Lynch. His company, which relocated to Nashville from New York in 1999, is the first tenant in the space. The center provides a world-class bioscience business environment for tenant companies and…

Nov 2
Sarah Cannon Research Institute is formed.

A reflection of Nashville’s entrepreneurial and creative spirit, Sarah Cannon Research Institute becomes one of the first companies to make cancer clinical trials accessible to the public, without the support of an academic institution —an untapped concept at the time. The company is a joint venture between HCA and Tennessee Oncology. Today, Sarah Cannon Research…

Nov 2
American Addiction Centers (AAC) is founded.

Health care entrepreneurs Michael Cartwright and Jerrod Menz launch AAC after successful careers in the behavioral health and addiction space. Known for its dual-diagnosis philosophy and high-end facilities, AAC quickly builds the foundations for a national brand. Cartwright is named chairman of the board seven years later and readies the company to go public. The…

Nov 2
Acadia Healthcare is founded.

Behavioral health provider Acadia Healthcare opens shop in Franklin, where it grows at a slow, steady pace in early years. That changes soon enough. In 2011, entrepreneur Joey Jacobs — fresh off selling his Psychiatric Solutions Inc. for a total $3 billion — joins Acadia as CEO. Armed with investments from majority-owner Waud Capital Partners,…

Nov 2
WebMD renames company Emdeon.

To avoid confusion between the holding company (WebMD Corp.) and its subsidiary (WebMD), WebMD Corp. changes its name to Emdeon. Emdeon’s divisions are broken into Emdeon Business Services, Emdeon Practice Services, WebMD Health and Porex, a maker of porous plastic products and components used in health care, industrial and consumer applications. WebMD, now traded publicly,…

Nov 2
Renal Advantage, Inc. is founded.

Renal Advantage is formed thanks to a divestiture from global dialysis titan DaVita Inc. Looking to avoid anti-trust issues in the wake of its billion-dollar acquisition of Gambro, Inc., DaVita sells 73 clinics to Renal Advantage’s founders for $320.5 million. The deal is backed by investors at Welsh, Carson, Anderson & Stowe, frequent funders in…