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Re: ECM Owners Purchase Another Chain

Capt James T ·
"Warburg Pincus, the private equity firm that invested $300 million in the startup of RegionalCare, would remain the largest investor in the post-merger company" This is how they can afford it......
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Re: ECM Owners Purchase Another Chain

dark dreamer ·
From the title I was thinking they'd bought another "gold chain".
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Re: ECM Owners Purchase Another Chain

Fatherknowsbest ·
Originally Posted by Capt James T: "Warburg Pincus, the private equity firm that invested $300 million in the startup of RegionalCare, would remain the largest investor in the post-merger company" This is how they can afford it...... Agreed, very deep pockets. My only concern with this is costs to patients. I am one of those who support Helen Keller remaining outside the realm of Regional Care if for nothing more than to prevent a monopoly in this area.
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Re: ECM Owners Purchase Another Chain

Bamaman1 ·
After 18 years in Memphis, 5 in Nashville and 11 years in the Atlanta area, I can honestly say I've never seen any hospital with the excellent quality patient care of ECM. My parents had to move to Memphis in their last years, and you cannot imagine the poor quality of healthcare--which deteriorated greatly with TennCare. I have no idea what frustrations their doctors face (with such a poor support staff), and I have no idea why they're practicing there. I'm pulling for the new management @...
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Re: ECM Owners Purchase Another Chain

Just_ ·
Originally Posted by Fatherknowsbest: Originally Posted by Capt James T: "Warburg Pincus, the private equity firm that invested $300 million in the startup of RegionalCare, would remain the largest investor in the post-merger company" This is how they can afford it...... Agreed, very deep pockets. My only concern with this is costs to patients. I am one of those who support Helen Keller remaining outside the realm of Regional Care if for nothing more than to prevent a monopoly in this area.
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ECM Owners Purchase Another Chain

Bamaman1 ·
It was announced today that ECM owners purchased another small hospital chain.  You wonder how a business that's only 3 years old can expand since they only own ECM, Shoals Hospital and two other small town hospitals.  Even more important is...
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Bronner, conference center, gas tax

1130 ·
paper says Bronner wants the two million in fund for park. Paper also says some of the tax went to construction of hotel? It has been 12 years and only 2 million in tax? Bronner got the conference center for $1 a year, he can pay for work on it. There should be an audit on the tax money and how it has been handled. Some how I think we have been misled. Remember Bronner works for the rich State employee retirement fund. He doesn't care about the people. I remember him wanting the senate to...
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Re: Bronner, conference center, gas tax

gbrk ·
I would hope that any and all large projects funded by Tax increases would have a separate and independent audit from an independent group. If such is done then it should be available or made available to the public. If there is not that process in place then I agree it should be in place to insure that what was funded was spent as it should have been.
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Re: Bronner, conference center, gas tax

Bamaman1 ·
Let's give Bronner his $2 million, but only if he retires and goes to the house. He made some real bone headed investments with the RTC golf courses that are not being utilized, the Wise capital loan and worst of all--the Barton rail car complex. So far, he's gotten out by the skin of his teeth, but the Barton complex is far from paying off. The truth is that the man was given too much authority to make investments without oversight. And he did a bunch of dumb stuff. It's time for him to...
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Re: Bronner, conference center, gas tax

gbrk ·
Politics is similar to college Football (and in many ways some Private Industry Companies) where when you fail you get to leave with a Golden Parachute. I think every industry and group has those people that are paid far beyond their capabilities or abilities. In the company that I worked for, for so many years ,things were great until they put certain people in high decision making positions where they could personally profit from bad decisions. The real unfortunate thing was that the bad...
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Re: Bronner, conference center, gas tax

FVPOA ·
The city really doesn't have a choice. The money was placed in reserve for an attraction to be built, and it hasn't been. Of course, the city could sue the RSA, but there's really no grounds and it would just make Florence look worse, plus antagonizing Bronner.
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Re: Bronner, conference center, gas tax

Bamaman1 ·
I know. I just wanted to get my message across that Bronner really screwed up on the golf courses--big, big losing propositions. He got out of Wise by the skin of his teeth, and the Barton complex is not yet out of the woods. Navistar bet the company on a non DEF heavy truck engine that failed, and the first blip in the truck business and they're out of business.
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Re: Bronner, conference center, gas tax

1130 ·
sorry to hear the golf courses are losing. although the conf. center used to do much for the local area before all this. the whole thing has been good for the area. I just hate the elected misleading, for 10 plus years there has been a tax for a purpose. Has the money been used for other purposes? It shouldn't be used to bail out Bronner. How much do they make on the hotel? use that money for the conf. center upgrade.
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Re: Bronner, conference center, gas tax

1130 ·
in the paper today, the park authority is giving two mil to Bronner. was two mil all that was collected in 10-12 years? I find that hard to believe. Something isn't right.
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