In addition to the former Psych Solutions crew, there are several teams of entrepreneurs lining up to start new hospital companies.
And, there are plenty of interested investors looking to put their money at play. With the growth and maturation of local hospital companies, most of whom have reached the size and economy of scale that demands larger hospital targets — the bigger the company, the harder to post revenue gains through
acquisitions — insiders say there’s an emerging opportunity for companies that focus on small, rural hospitals. Stay tuned …
Mike O’Neil, former VP of strategy at HealthSpring has left the Medicare advantage plan to start a new venture named Clinically
Home. Insiders use words like “innovative” and “progressive” when they talk about the company, so we’re anxious to learn more about it. In its early stages, Clinically Home centers around a “hospital at home” model. Prior to HealthSpring, O’Neil was VP of strategic development of Healthways.
With the sudden wind down of turnaround consulting firm Bridge Associates last month, 25 + year hospital veteran Mike Miller is a free agent. A former executive at IASIS Healthcare and Community Health Systems, Miller brings deep operational and financial experience from both the for-profit and not-for-profit side. Prior to Bridge, Miller co-founded Centre Health Partners, a Brentwood-based healthcare consulting firm with heavy weights Steve Tisdell and Steve Womack. Tisdell is now a managing director at Corporate Fuel, a New York-based investment bank.
In a full-circle move, Tom Pemberton — a former Province Healthcare exec — has gone back to work for Marty Rash, this time at Rash’s RegionalCare Hospital Partners. Pemberton, a veteran hospital operator and former exec at multiple hospital companies around town, joins a whole slew of Province alum, including Sam Moody, John Rutledge, and Christine Craft.
Speaking of hospital companies and development, word has it that attorney Will Morrow may be in the process of moving from Waller Lansden Dortch & Davis to head up some sort of new venture in HCA’s development department. Former Waller attorney Joe Sowell is head of development for the hospital giant, so it’s not
surprising he’d recruit a former colleague to One Park Plaza. (Another feather in the team Waller cap.) Speaking of which, will 2011 be the year that HCA finally goes public? Inquiring minds want to know … and follow.
