Nov 2
Spheris is founded.

Spheris quickly grows into a global medical transcription company. The firm becomes one of the fastest growing HIT companies in the country. Regarded as an industry leader in 2010, providing document services for roughly 500 hospitals and health systems, Spheris leaders ultimately confirm a long-standing rumor that the company’s debt has led to a bankruptcy…

Nov 2
Symbion is founded.

Ambulatory Resource Centres (ARC), an outpatient-care center company, merges with UniPhy Healthcare, a physician practice management company, to create Nashville-based Symbion. Former UniPhy executive Richard Francis Jr. is named CEO of the new firm, while ARC president William “Billy” Webb is named chief development officer. After 15 years, the company will merge with Surgery Partners…

Nov 2
IASIS Healthcare Corp. launches.

Though officially founded a year earlier, Franklin-based IASIS Healthcare Corporation begins principal operations in October of 1999 thanks to $200 million from venture-capital firm New York-based Joseph Littlejohn & Levy, with David White at the helm. In 2004, Texas Pacific Group, a private-equity firm, leads a group of investors to acquire IASIS and remains the…

Nov 2
Brentwood Capital Advisors (BCA) is founded.

BCA is a middle-market focused investment bank now based in Franklin’s Cool Springs area. A group of execs from Nashville’s locally owned financial powerhouse and investment banking firm J.C. Bradford & Co., including Tom Wylly and Kevin Murphy, start BCA just as Bradford completes a deal to be acquired by UBS Warburg. While the firm’s…

Nov 2
Harpeth Capital is founded.

Another successful venture capital fund springs up in the form of Harpeth Capital, a spinoff of Clayton Associates. Charles Byrge keeps his boutique company focused on health care, with a growing specialty in mergers and acquisitions. Co-founder Turney Stevens goes on to serve as dean of the College of Business at Lipscomb University, where he…

Nov 2
Cumberland Pharmaceuticals is founded.

Cumberland Pharmaceuticals launches, creating one of the first non-health care services companies to call Nashville home since Dennis Grimaud’s Cytometry Associates in 1988. Businessman A.J. Kazimi starts the company with $2 million. In its first 10 years, the company is twice named to Inc. 500’s list of fastest-growing private firms, and when it launches an…

Nov 2
Essent Healthcare is founded.

Fresh off his previous venture, Arcon Healthcare, former HealthTrust exec Hud Connery launches Essent Healthcare with $50 million from Thoma Cressey Equity Partners. The company focuses on community hospitals and purchases its first facility in April 2000. In 2011, Essent is purchased by Brentwood-based RegionalCare Hospital Partners for $260 million.

Nov 2
Tennessee Biotechnology Association launches.

More than a decade after bringing biotech to Nashville in the form of Cytometry Associates, Dennis Grimaud is tapped as president for the Tennessee Biotechnology Association. Other entrepreneurs will serve in exec roles, including Joseph Gregory (chairman), Larry Evans (treasurer) and James McElroy (secretary). The organization’s founding symbolizes years of hard work from these individuals…