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A proposed purchase of two Saint Francis hospitals in the Memphis area is now headed for legal proceedings.

The Federal Trade Commission essentially said: Wait a minute, this $350 million purchase by Methodist Le Bonheur Healthcare will limit competition and could increase insurance costs.

The deal for Saint Francis-Memphis and Saint Francis-Bartlett had been expected to close before year-end.

The Masters fall edition was different in what has been a very different year. It fell the same week a developer shared with The Daily Memphian plans for redevelopment of the former Germantown Country Club. Having played there a few times, I hate to see it go, and there is no golf on the new menu.

The Stryker deal for Wright Medical finally went through, another instance where regulators closely considered competition in the medical device extremities market and required Stryker to divest other assets.

There is much more below from your business source. – Business editor Terry Hollahan

 
 
FTC sues to block Methodist purchase of Saint Francis
 

Federal agency says proposed acquisition would substantially reduce competition and health care costs would rise, according to its complaint.

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Regime change could benefit Memphis economy
 

A Democrat in the White House and divided control of Congress may be good for the city: relaxed trade and immigration policies, more stimulus spending, status quo on taxes.

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Germantown Country Club plans include 381 single-family homes
 

The planned unit development has not been submitted to the city yet. Developer Spence Ray showed the plans to neighbors who are receptive to the project.

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Bio-services firm may add 561 jobs, invest $213M; seeks incentives
 

Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.

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Arlington retail center to target health-minded clientele
 

Gary Rapp Jr. is developing a four-bay center on Airline Road, including one bay where he will operate a new deli.

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Update
Stryker completes purchase of Wright Medical
 

Wright Medical has about 700 employees in the Memphis area.

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Broad Ave. water tower being strengthened to withstand demolition below
 

Link Apartments Broad Avenue will comprise two buildings totaling 370 units. But before it is built, a large, old warehouse must be demolished. 

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$51M field hospital ready, but 'there are not enough nurses'
 

If the field hospital has to open, the region will be in a mess, Dr. Richard Walker says, and health care workers will be scarce. 

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Long-delayed Lakeland Commons gets approval for Phase 2
 

Developer Vincent Smith had complained in recent months that the delays were making interested tenants nervous.

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