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Editorial Results (free)

1. Bass Berry Law Firm Honored for Recent Deals -

The law firm of Bass, Berry & Sims PLC has won the mergers and acquisitions “deal of the year” award in the $50 million to $100 million category from M&A Advisors.

The deal for which Bass Berry won the award was announced earlier this year. It involved Luminex Corp. – a health care and life sciences research company – acquiring privately held GenturaDx, a molecular diagnostics company focused on making nucleic acid testing affordable and practical for any lab.

2. Wharton Leads MED’s Legal Team During Turnaround -

Monica Wharton, senior vice president and chief legal officer and general counsel at the Regional Medical Center at Memphis, is taking care of business since being recruited by the hospital in 2008 to lead its legal team. She was on board during a transitional period for The MED, which was in poor financial health.

3. MED Gives Up $10M In County Funding -

Shelby County Mayor Mark Luttrell and the Shelby County Commission are still considering layoffs and service cuts to balance the county’s budget for the upcoming fiscal year.

4. On the Mend -

It’s said that you don’t choose The MED – you wake up in The MED.

Insured patients with other options haven’t historically selected for their health care needs The Regional Medical Center at Memphis, the area’s safety net facility that also is home to a top-notch burn unit and the area’s only Level 1 trauma center in a five-state region.

5. Holcomb Steps Down from MED board -

Gene Holcomb, the chairman of the board for the Regional Medical Center at Memphis, is stepping down from the position.

6. MED Leadership Team Takes Shape -

Dr. Reginald Coopwood is close to having his top leadership team in place three months after taking the helm at The Regional Medical Center at Memphis as chief executive officer.

7. Coopwood: MED Must Get Competitive -

A few weeks into his new job as chief executive officer of The Regional Medical Center at Memphis, Dr. Reginald Coopwood has identified an important priority – getting The MED past its culture of constant crisis.

8. Life or Death for The MED -

A hand as tiny as a budding leaf punched at the air inside a baby incubator.

Kelley Smith, the head nurse of the neonatal intensive care unit at The Regional Medical Center at Memphis, checked on the little fighter.

9. MED Funding a State Issue, Leaders Say -

The issue of double taxation reared its head this week as a plan to provide $12 million in local emergency funding for the Regional Medical Center at Memphis scored $10 million.

The county funding cleared the Shelby County Commission on a 9-3 vote after lots of debate Monday.

10. County OKs Spinoff Of MED Clinics -

The Regional Medical Center at Memphis has the blessing of the Shelby County Commission to spin off its Health Loop clinics as part of a cost-cutting plan for the financially struggling hospital.
The move was approved by the commission on Monday. The spinoff is one several actions recommended by FTI Cambio, the consulting firm providing interim
management of the MED and devising strategies to cut costs.
The firm has lived up to its contract in the eyes of the finance committee for the county-owned hospital. The committee recommended in another meeting Monday that the hospital pay FTI Cambio its full $10.4 million fee. A portion of that amount, $3.2 million, was tied to specified performance standards.

11. First MED Task Force Meeting Focuses On State Funding -

Shelby County Commissioner Mike Ritz identified Tennessee as the primary deadbeat for failing to pay its share to The Regional Medical Center at Memphis during the first meeting today of a special task force looking for ways to help the financially struggling hospital.

12. Bondholders Committee, Board OK CIT Restructuring -

NEW YORK (AP) - Struggling CIT Group Inc. has launched a debt restructuring effort it hopes will trim at least $5.7 billion from its balance sheet, but also is asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection.

13. Runaway Receiver at Odds With SEC in Stanford Case -

DALLAS (AP) – The attorney who’s supposed to clean up what the government says was Texas businessman R. Allen Stanford’s multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case.

14. MED Begins Search For CEO, Other Managers -

Board members for The Regional Medical Center at Memphis on Wednesday discussed the timeline and challenges for putting top executives in place by the time the hospital’s management contract with FTI Cambio expires March 1.

15. The MED to Close American Way Clinic -

The Health Loop on American Way will not be part of the package when The Regional Medical Center at Memphis spins off its clinics as part of a comprehensive overhaul of the county-owned hospital.

Claude Watts, the interim CEO of The MED, told trustees for the hospital Wednesday morning that the clinic would close July 30. Its closure will bring the number of Health Loop clinics, which once stood at 10, down to eight. As early as Friday, Watts said he will be able to make a recommendation about which clinics will be acquired by Christ Community Health Center and the Memphis Health Center.

16. Local Political Candidates Popping Up Like Daisies -

Candidates for the 2010 Shelby County elections continue to bloom in the political springtime of an off election year.

This weekend, County Trustee Paul Mattila opened his re-election bid with a large gathering at his home in Millington that dodged rain clouds.

17. Clinic Spin-Off Possible, MED CEO Says -

Claude Watts, the interim president and chief executive officer of The Regional Medical Center at Memphis, told the board of trustees for the county-owned hospital on Thursday morning that he is in talks to divest the hospital’s health loop clinics to community health centers that provide similar services.

18. MED Board Approves Possible Job Cuts -

The board for the Regional Medical Center at Memphis voted unanimously Wednesday morning to give FTI Cambio authority to implement changes that could save the publicly owned hospital as much as $25 million, but also potentially put as many as 200 employees out of work. FTI Cambio is the consulting firm contracted to manage The MED.