Friday, February 19, 2010

Business briefs: HCA's revenues in 4th quarter rise

As expected from its previous guidance, hospital chain HCA reported fourth-quarter net income of $216 million, down about 22 percent from $276 million a year earlier.
Revenues rose 4.7 percent to $7.6 billion as Nashville-based HCA had solid inpatient, outpatient and emergency department volumes in the three months through Dec. 31.

For all of 2009, net income was $1.1 billion, up from $673 million in 2008. Revenues rose 6 percent to $30 billion.


Gallatin senior community is sold

Emeritus Senior Living, a publicly traded Seattle-based operator of senior living communities, acquired local assisted living community The Place at Gallatin.

The Place at Gallatin is now Emeritus at Gallatin.

Emeritus operates 316 residential and assisted living communities in 36 states with about 37,200 residents.


Obama's pay czar to speak at Vandy

President Barack Obama's pay czar, Ken Feinberg, will be the keynote speaker on Friday, Feb. 26 for a Vanderbilt Law School conference on executive pay.

The noon lecture in the Flynn Auditorium is free and open to the public.

Feinberg's title is special master for executive pay for the Troubled Asset Relief Program, better known as the bank bailout, approving pay structures for financial institutions still participating in the program. He has been at the center of the controversy over bonuses given to AIG employees as the federal government tried to keep the company afloat.

A graduate of New York University Law School, he served as the chief of staff for the late Sen. Edward Kennedy in the 1970s. For more information, go to


Washington ReportRegions loses $606 million, says loan problems are easing