CHI Memorial Sells Medical Office Building On Campus For $17.6 Million; Closing Westside Clinic

Friday, July 14, 2017

CHI Memorial has sold a medical office building on campus to Doc-2501 Citco Avenue Mob Llc for $17,620,712.

Memorial's Lisa McCluskey said the transaction is to a publicly traded REIT. 

She said, "This initiative is part of a long-term effort to obtain maximum value from Catholic Health Initiative’s owned and leased real estate by creating master real estate plans that align Catholic Health Initiative’s real estate holdings with organizational priorities for workforce planning, medical staff partnerships and current business environments.

"Last year, a comprehensive evaluation was completed on all non-hospital real estate, including outpatient medical office buildings, ambulatory surgery centers, ambulatory care centers, administrative facilities and non-core real estate.  As a result, Missionary Ridge Medical Tower was sold, and this is another component of that comprehensive plan. CHI Memorial entities will remain in their current spaces.

"This initiative is a key component of Catholic Health Initiative’s overall real estate strategy to effectively and strategically manage properties across the nation, helping to strengthen operational and financial performance."

CHI Memorial is also closing its Westside Clinic, citing a drop in patient use.


CHI Memorial Mobile Health Coach To Visit Pikeville

CHI Memorial’s mobile health coach will provide mammography screenings at Lee Station Baptist Church, 10109 Old State Hwy. 28 in Pikeville on Thursday, Aug. 3 from 10 a.m.-2 p.m. CDT.     "All women should have one screening mammogram between the ages of 35-40. After age 40, a screening mammogram is recommended every year.  Any woman who meets these age guidelines ... (click for more)

Redneck Cruise Raises $2,000 For Ronald McDonald House Charities Of Greater Chattanooga

On Friday, July 14, locals attended a Redneck Cruise on the Southern Belle for families at Ronald McDonald House Charities of Greater Chattanooga, a charity dedicated to create, find, and support programs that directly improve the health and well-being of children and their families.    “It was our first Redneck Cruise and it turned out to be a huge success. It was ... (click for more)

Lookout Mountain, Tn., As Hall Tax Evaporates, Raises Property Tax By 14 Cents Above New Certified Rate; Parking Rates, Fines Raised

With the Hall tax dwindling, the Lookout Mountain, Tn., Commission on Tuesday night approved a 14-cent property tax increase above the new certified rate.   The July meeting of the commission had been postponed until Tuesday so the amount of Hall state income tax that the town will receive for 2107 would be known before setting the property tax rate and finalizing the ... (click for more)

Man In Critical Condition After Shooting On 34th Street; Carolyn Ross Taken Into Custody

A man is in critical condition after a shooting on Tuesday night on 34th Street.   Carolyn Ross, 57, was taken into custody.   Chattanooga Police responded at 7:20 p.m. to a person shot at the 1900 block E 34 th  Street.   Police initially responded to the report of a disorder at the 3900 block of 6th Avenue. Upon arrival officers learned the ... (click for more)

Prayers For Denny

I don’t live in Chattanooga any longer unfortunately and haven’t for many years now, but when I did live there, I was more than a regular at Yesterdays.  It was basically my second home….as it was for many, many of my friends and others that I may not have known their names, but definitely knew their faces.   It was the “Cheers” of Chattanooga. It was the place that ... (click for more)

Roy Exum: ‘No Sir -- It Stays Here’

To any of the millions who have served the United States on the field of combat, the most hallowed and prized distinction is our nation’s Medal of Honor. It is never given, it is always earned before it is ever awarded.  At least that’s the way it was up until a sun-splashed Wednesday three weeks ago in Vicenza, Italy. There is an Army base there that houses the 173 rd Airborne ... (click for more)