Former Province Healthcare execs Dan Slipkovich and Tom Anderson team with Chicago-based investment firm GTCR to launch Capella Healthcare as a rural hospital company. The company’s cofounders have a vision to bring clinical, operational and financial expertise to community hospitals to make a positive difference in the local health care environment. Its first four acquisitions,…
Originally founded as Council Ventures, Council Capital focuses on growth and early-stage health care companies. They have a keen eye for health care and health care IT companies working to reduce costs and improve the quality of America’s health system.
Nov
2
HealthSpring is founded.
Insurance company HealthSpring represents founder Herb Fritch’s third health care organization. The company grows rapidly. In 2010, HealthSpring is the only Tennessee company listed in Fortune magazine’s 100 fastest-growing companies. Fritch serves as chairman of the board and CEO until the company’s $3.8-billion acquisition by Cigna in 2011. That deal forms Cigna-HealthSpring, where Fritch will…
Nov
2
Surginet, Inc. founded
Joe Hutts, who helped found PhyCor in 1988, partners with Mike Gould and Jeff Bogle to create another ambulatory surgery center (ASC) owner and operator. Surginet’s name changes to Surgis within the company’s second year. With Hutts serving as president and CEO, Surgis raises $100 million in 2002 from New York-based New Mountain Capital and…
In Franklin, three German-educated entrepreneurs come together to form Multimodal Technologies, offering medical transcription and clinical documentation services. Founders Dr. Michael Finke, Dr. Juergen Fritsch, and Detlef Koll as Chief Technology Officer will maintain their executive titles after August 2011, when the company merges with MedQuist to form M*Modal. M*Modal is a publicly traded transcription…
Former J.C. Bradford execs create Avondale Partners to serve as a locally owned, full-service boutique investment banking and wealth management firm. The company opens its trading desk four months later — exactly one week before the September 11 attacks. The organization withstands the ensuing market instability and goes on to play a major role in…
Founded in Brentwood by entrepreneur Joe Cashia, NRA launches with an aggressive business model. Within six years, the dialysis provider serves more than 2,200 patients in 45 facilities across 10 states, primarily in the Midwest and South. On Dec. 31, 2008, NRA is acquired by its Franklin neighbor, Renal Advantage, the third-largest for-profit dialysis provider…
Cumberland Emerging Technologies (CET) launches on West End Avenue as a joint initiative with Cumberland Pharmaceuticals, Vanderbilt University and the State of Tennessee to identify innovative product ideas and advance them from the laboratory to the marketplace. This founding represents a milestone in the biotechnology sector’s attempts to establish a presence in Nashville. CET forms…
