Hutcheson Completes Sale Of Battlefield Imaging, Repays Walker County Loan With Interest

Wednesday, July 2, 2014

Hutcheson Hospital Authority has sold its 51 percent interest in Battlefield Imaging to co-owner Digital Imaging of North Georgia for $5.2 million. A portion of the proceeds from the sale have been used to repay loans from Walker County, and the remainder will be invested to accelerate the hospital’s ongoing turnaround and pave the way for a comprehensive refinancing of the north Georgia regional hospital’s debt. 

Earlier this year, Walker County Sole Commissioner Bebe Heiskell granted the hospital a $1 million line of credit for temporary cash flow needs pending the sale of the Battlefield Imaging interests. Hutcheson drew down $650,000 in principal on that line of credit, and is paying the loan back with five percent interest calculated from the date of drawdowns, for a total payment of $652,804.79. 

Under the leadership of Dr. Mike Aiken’s GB Health Management and CEO Farrell Hayes, the executive management team is implementing a strategic plan to accelerate the hospital’s financial recovery in the wake of mismanagement by its previous managing partner, Erlanger Health System, and prior administrations. The plan will define and grow the services that are most beneficial to the community and allow the hospital to thrive, including cardiology, pulmonology, gastroenterology, orthopedics, oncology and general surgery. 

Hutcheson Medical Center has worked closely with the physician owners of Digital Imaging of North Georgia through its Diagnostic Radiology Consultants (DRC) affiliate in providing leading edge imaging services to the patients of north Georgia since 1992. In 2004, Hutcheson Medical Center and DRC designed and opened Battlefield Imaging, the area's only full service, all-digital outpatient imaging center. The facility is located in the Hutcheson on the Parkway campus on Battlefield Parkway adjacent to the hospital’s outpatient surgery and cancer center. A provision in the sale agreement with Digital Imaging of North Georgia allows Hutcheson to buy back its controlling interest in Battlefield Imaging within two years. 

“We are grateful  to Commissioner Heiskell and Walker County and certainly Regions Bank for their support as we continue to move toward  reclaiming our position as the healthcare leader for this region,” said Dr. Aiken, whose health care management and consulting company is overseeing the hospital’s long-term financial success. 

Professional Park Associates In LaFayette Hosts Drive-Thru Flu Vaccine Clinics

Professional Park Associates in LaFayette will host its 3rd annual drive-thru flu vaccine clinics in October.   A  Saturday  clinic has been added this year to help meet the needs of the community.  Three weekday clinics, as well as two evening clinics, will also be offered.   Regular flu vaccines will be available for ages 4 and up. Those ... (click for more)

BlueCross Picks Director Of Health And Wellness Product Strategy

BlueCross BlueShield of Tennessee has selected Tina Mathur as director of health and wellness product strategy. In this role, Ms. Mathur will lead the BlueHealth Solutions team, which produces and manages workplace wellness programs and health management initiatives for large BlueCross-insured employers. “We are excited to have Tina as part of our leadership team,” said ... (click for more)

Attorney Patrick Says Chattanooga Is "Most Logical Place" For Consolidating Volkswagen Lawsuits; Hearing Set Dec. 3

Attorney Gary Patrick said Chattanooga is "the most logical place for consolidating the Volkswagen litigation because it is the only location in the country where VW vehicles are being produced." Attorney Patrick, of the local firm of Patrick, Beard, Schulman and Jacoway, said a hearing is set Dec. 3 in New Orleans on the issue. A host of lawsuits seeking class action status ... (click for more)

Woman Stabbed To Death On Hooker Road; Man Injured; Suspect Being Interviewed

A young woman was stabbed to death on Hooker Road early Friday morning and a man was injured. At approximately 1:54 a.m., Chattanooga Police responded to a stabbing at the 4000 block of Hooker Road. There police located Angel Evans, 33, deceased. She was stabbed multiple times. A second person, Gerald Nelson, 24, was transported to a local hospital with non-life-threatening ... (click for more)

The Facts About Jail

Since Roy had such a positive reaction to Jeffrey Cross's wonderful (and wonderfully civil--how refreshing) email response to his column on the bike lanes, allow me to speak on the subject of the jail.  First off, Roy's right about some things:  It is overcrowded, underfunded, and understaffed.  This is no secret, it's in the Grand Jury report every term.  Here's ... (click for more)

Roy Exum: We Must Learn To Tell

On July 4th of this year, FBI agents – acting on a tip -- arrested Alexander Ciccolo, a 23-year-old with known mental problems, as he carried a duffle bag full of automatic attack weapons. Moments before, he had bought the illegal firearms from an undercover informant outside of Boston. As agents later scoured his apartment, they found bomb-making equipment including a pressure ... (click for more)