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.



"Breathe Easy" Mobile Lung CT Coach Introduced By CHI Memorial

CHI Memorial, the Rees Skillern Cancer Institute and Buz Standefer Lung Center will introduce a mobile way to screen for lung cancer.  ‘Breathe Easy’ is a mobile health coach with a low-dose computed tomography (CT) machine.  This technology is the first of its kind in the Chattanooga region, and the only fully independent unit in the nation, officials said.   ... (click for more)

Safe Journey Warns Car Seats And Winter Coats Are A Dangerous Winter Mix

Bulky winter coats and car seats are a dangerous combination, says representatives of Safe Journey at the Hamilton County Sheriff's office. Car seat professionals advise to put nothing thicker than a sweatshirt on a child under the harness straps of the car seat.   In the event of a crash, the bulky material of a winter coat could compress, creating slack in the harness ... (click for more)

Hamilton County Sheriff's Deputy In Officer-Involved Shooting At Lakesite

A Hamilton County Sheriff's Office deputy was involved in an officer involved shooting in the Lakesite area on Friday morning.   Authorities said it happened around 9:35 a.m. near the 1900 block of Wilkes Avenue.   Deputies were called on "an unwanted party."   There was a confrontation with deputies and a man at the mobile home was shot.   ... (click for more)

EPB Video As Percentage Of Fiber Customers Going Down, But That's Fine With Management

With more and more video customers turning to streaming options, EPB's video is dropping as a percentage of overall fiber customers. But that's fine with EPB management, knowing that all that video streaming needs a wide fiber pipeline to go through. EPB is positioned with the best "gig" service. Greg Eaves, chief financial officer, said 65 percent of EPB fiber customers now ... (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: This Is Not A Drill

Last Saturday morning in paradise, at 8:07 to be precise, an alert appeared on every cell phone that read: “BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL.” I can envision no greater horror than having to ask myself how much time do I have, and what is the wisest way to spend it? It was a long and dreadful 38 minutes until the correction ... (click for more)