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 Bradley County

CHI Memorial’s mobile health coach will provide mammography screenings at CHI Memorial Convenient Care in Cleveland, 645 Paul Huff Pkwy NW, Suite 105, on Saturday, Oct. 7 from 10 a.m.-2 p.m.    "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 ... (click for more)

Austin Hatcher Foundation’s Education Advancement Center Open House Tuesday

The current growth and future potential of the Austin Hatcher Foundation for Pediatric Cancer is now evident, with the recent opening of the foundation’s new Education Advancement Center and headquarters in downtown Chattanooga.  The foundation will host an open house on Tuesday to officially showcase the EAC, which is at 232 E. 11 St., Suite 100 and is designed to facilitate ... (click for more)

State Finds Photos Of Guns Used In Lookout Valley Murders On Morse's Phone, But Defense Says It Got Evidence Too Late

Prosecutors said Monday that there were six photos on the phone of Derek Morse of guns tied to the murder of three people at a Lookout Valley trailer park. However, defense attorney Dan Ripper said the phone should have been checked out years ago - not on the eve of the trial. He said he got the photos last Monday - the day before jury selection began. Prosecutor Lance ... (click for more)

Opportunity Zone Begins Effort To Transform 12 Low-Performing County Schools

The Hamilton County Department of Education announced the new Opportunity Zone team that officials said "will ensure every student is post-secondary ready." The schools in this zone are: Brainerd High, The Howard School, East Lake Middle Academy, Dalewood Middle, Orchard Knob Middle, Barger Academy of Fine Arts, Calvin Donaldson Environmental Science Academy, Clifton Hills ... (click for more)

Titans Hide In The Locker Room

This Sunday, as has been widely reported, the Tennessee Titans and the Seattle Seahawks both chose to remain in their respective locker rooms during the playing of the National Anthem at Nissan Stadium.  Besides the fact that the NFL game operations manual has a rule regarding player behavior during the playing of the National Anthem which requires them to stand at attention ... (click for more)

Roy Exum - ‘Let’s Talk Real Life’

In mid-November of 2015, the Missouri football team very unwisely went on strike. A black student had refused to eat until a list of racially-based demands were met. Some on the football team were sympathetic and it quickly morphed into the biggest catastrophe in the annals of higher education. The university would lose hundreds of millions, athletic donations dropped 72 percent, ... (click for more)