VOL. 130 | NO. 171 | Wednesday, September 2, 2015
St. Peter Villa Sells For $13 Million
The Signature HealthCARE at St. Peter Villa nursing home located at 141 N. McLean Blvd. in Midtown has sold for $13 million, according to a special warranty deed signed Aug. 25.
A Delaware limited liability company named 141 North McLean Boulevard LLC purchased the 180-bed nursing home and rehab center from HCRI Tennessee Properties LLC, also a Delaware limited liability company.
The 46,000-square-foot facility sits on 3.7 acres at the southwest corner of North McLean and Poplar Avenue.
Louisville, Ky.-based Signature HealthCARE LLC will continue to manage the property and signed a memorandum of lease with 141 North McLean Boulevard LLC that expires Aug. 31, 2030.
The buyer secured a $12 million loan through Dallas-based Bank of Texas at the time of sale. The property was built in 1985 and has a tax appraisal value of $8.9 million.
– Wendy Greenlaw, Chandler Reports
Millstone Medical Bulks Up Olive Branch Warehouse
An outsourcing company for the medical device industry is nearly doubling its Memphis-area presence with a warehouse expansion.
Millstone Medical Outsourcing is adding 120,000 square feet to its Olive Branch, Miss., facility, bringing its total footprint there to more than 270,000 square feet. The warehouse is located at 8836 Polk Lane in the Crossroads Distribution Center.
The Olive Branch expansion is the company’s second in 2015. In the first quarter, it added 40,000 square feet to its headquarters facility in Fall River, Mass.
Millstone Medical Outsourcing provides outsourcing solutions to medical device companies.
– Daily News staff
MATA Bus Service Begins At Nonconnah Corporate Center
The Memphis Area Transit Authority began bus service this week between Nonconnah Corporate Center and the transit authority’s Airways Transit Center.
The bus service was inaugurated after months of talks among owners of the center, tenants, city council member Harold Collins, who represents the area, and Mayor A C Wharton’s administration.
The transit authority asked the center’s management and tenant companies to buy transit passes in advance to fund the route. The Memphis City Council approved limited funding for the service
– Bill Dries
Med Communications Opens European HQ
Memphis-based Med Communications International has opened its European headquarters in Geneva, Switzerland.
The company says it will continue to expand its services throughout Europe from that central location and that establishing a European presence reinforces Med Communications’ commitment to being the “best-in-class global provider of medical affairs services for the pharmaceutical, biotech and medical device industries.”
“Opening our office in Geneva is a significant step in our company’s 17-year history,” said Dr. Allen Scoggin, Med Communications president and CEO, in a release. “This enhances our commitment to our global clients, by meeting their local needs with targeted services that best suit them. We are proud of our long-term association with the health care industry, and believe this decision further extends our client-centric approach.”
Established in 1998, Med Communications Inc. is a medical communications consultant and service provider.
– Andy Meek
Memphis Call Center Added As PILOT Resource
A Memphis-based national call center has been added as a new resource for companies getting tax breaks in Memphis.
Operating in Clark Tower, at 5100 Poplar Ave., Ashaun LLC is now available to work with participating payment-in-lieu-of-taxes recipients as a diverse supplier under the “contracting services” component of the program.
The company is a certified minority-owned business that can support the inbound and outbound call center needs of companies nationwide. Since its founding 15 years ago, Ashaun has worked with clients like Dell, Cigna, Microsoft, the state of Tennessee and others.
Within the state, Ashaun currently handles all call center support and technical dispatch services for the Tennessee Lottery, a client it’s worked with for 10 years.
– Andy Meek
UTHSC Nabs Three Federal Grants Worth $780,000
The University of Tennessee Health Science Center has won a trio of federal grants aimed at furthering its brand research projects.
The U.S. Department of Health and Human Services awarded UTHSC a total of $780,393. The grants break down like this:
• $324,393 from HHS’ National Institute of Neurological Disorders and Stroke for the “Finding Equitable and Effective MTM Eligibility Criteria” program.
• $228,000 from HHS’ National Institute on Aging for research into the effects of traumatic brain injury on temporal dynamics of brain activity.
• $228,000, also from the National Institute on Aging, for the “Mapping AD Memory Failure” project.
U.S. Rep. Steve Cohen announced the grants Tuesday, Sept. 1.
– Daily News staff
Memphis Football Players Suspended for BYU Brawl
When last we saw the University of Memphis football team in action, they were winning the Miami Beach Bowl and then fighting on the field afterward with Brigham Young University players.
It was an ugly scene, with plenty of blame to go around, though BYU apparently isn’t going to hand out any real punishment until after playing at Nebraska in the first game of the season.
The Tigers open this Saturday at home against Missouri State, but several players will miss time.
Memphis head coach Justin Fuente announced at his weekly press luncheon on Monday, Aug. 31, that linebacker Leonard Pegues would miss the Missouri State game and the first half of the Sept. 12 game at Kansas. Defensive lineman Isadore Outing also will miss the Missouri State game.
Four players will miss the first half of the Missouri State game: offensive linemen Nick Thomas, Michael Stannard and Trevon Tate, and cornerback Chauncey Lanier. Linebacker Noah Robinson had to fulfill additional requirements but was not suspended. Combined, the affected players also did more than 300 hours of community service, according to Fuente.
The suspensions were determined in coordination with the American Athletic Conference.
“This was not an incident that I was proud of or we were proud of,” Fuente said in announcing the punishments. “Our kids have done a great job of owning it, standing up to it, understanding that it’s not what we represent.”
– Don Wade