Press release from Business Wire
HCA's Parallon and Sarah Cannon to Relocate to Capitol View
<p class='bwalignc'> <i><b>Project expected to bring some 2,000 jobs and about $200 Million in private investment to Davidson County</b></i> </p>
Wednesday, December 18, 2013
HCA's Parallon and Sarah Cannon to Relocate to Capitol View09:00 EST Wednesday, December 18, 2013
NASHVILLE, Tenn. (Business Wire) -- HCA (NYSE:HCA) today announced an agreement to purchase a site at Capitol View in the North Gulch area where its Parallon Business Solutions and Sarah Cannon Research Institute subsidiaries will relocate. This move is expected to bring some 2,000 jobs and approximately $200 million in private investment to Davidson County over the next several years.
According to the agreement, which is subject to certain conditions, WCP Properties, an HCA subsidiary, will purchase the 10.76-acre parcel from Northwestern Mutual and will develop the project. Site design currently is underway, and Parallon and Sarah Cannon are expected to relocate to their new headquarters by the end of 2016.
Richard M. Bracken, HCA's Chairman and CEO said, “We appreciate Mayor Dean's continued support of our expansion in Davidson County, and we look forward to completing this project, which will promote the growth and development of the North Gulch area.”
HCA is one of the nation's leading providers of healthcare services, comprising 165 hospitals and 115 freestanding surgery centers in 20 states and England.
About Parallon Business Solutions
Parallon Business Solutions offers healthcare providers a complete range of industry-leading business and operational services, including revenue cycle management, staffing management and technology solutions, as well as group purchasing and supply chain services through HealthTrust Purchasing Group.
About Sarah Cannon Research Institute
Sarah Cannon Research Institute (SCRI) is one of the largest global strategic research organizations focused on advancing therapies and accelerating drug development in oncology and cardiology through affiliations with a network of more than 700 physicians in the United States and United Kingdom.
All references to “Company” and “HCA” as used throughout this release refer to HCA Holdings, Inc. or its affiliates involved in the development project.
Mark Kimbrough, 615-344-2688
Ed Fishbough, 615-344-2810