Nashville Medical News February 2014

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FOCUS TOPICS CARDIOLOGY MERGERS & ACQUISITIONS

February 2014 >> $5

Middle Tennessee’s Primary Source for Professional Healthcare News

PHYSICIAN SPOTLIGHT PAGE 3

David Bichell, MD

ON ROUNDS Cholesterol Conversations New Guidelines Open the Door for Dialogue with Patients While guidelines are meant to clarify best practices and offer a clear clinical path, sometimes changes wind up being more confusing … leading to debate over what truly is best for patients ... 4

Saint Thomas Heart Debuts MitraClip Clinical Trial Offers Open-Heart Surgery Alternative for Patients with CHF, MR By CINDy SANDERS

As part of the national COAPT trial, Saint Thomas Heart debuted the first MitraClip® implantation at Saint Thomas West Hospital in November 2013. An alternative to open-heart surgery, the device offers patients with congestive heart failure and mitral regurgitation another option when they aren’t candidates for traditional invasive surgery, the standard-of-care treatment. Saint Thomas Heart, the only program in Tennessee currently participating in the COAPT (Clinical Outcomes Assessment of the MitraClip Percutaneous Therapy) trial, performs the catheter-based procedure in a hybrid operating room with collaboration between interventional cardiologists, heart failure specialists, cardiac surgeons and advanced cardiac imaging physicians. Evelio Rodriguez, MD, a cardiac surgeon and the principal investigator for the trial, and Mark Stankewicz, MD, interventional cardiologist, were part of the team that performed the first MitraClip implantation. (CONTINUED ON PAGE 8)

M&A Trends in the Reform Era A Look Back at 2013 … Look Ahead in the New Year March of Dimes Celebrates Outstanding Community Nurses Middle Tennessee Organization Hosts Annual Nurse of the Year Awards On Dec. 10, 2013, nurses from across Middle Tennessee gathered to honor their own at the fourth annual March of Dimes Nurse of the Year Awards ... 12

ONLINE: NASHVILLE MEDICAL NEWS.COM

By CINDy SANDERS

The Affordable Care Act, coupled with new models of reimbursement, has undoubtedly impacted the way the healthcare industry conducts business today and strategically plans for the future. For some industry sectors within healthcare services, a ‘strength in numbers’ mentality has caused a marked uptick in mergers and acquisitions in comparison to a few years ago. For others, the strategy has been to take more of a ‘wait and see approach’ while trying to figure out just how the new rules will impact their specific markets. Frank Morgan, the Nashville-based managing director for Healthcare Services and Equity Research with RBC Capital Markets, recently shared his thoughts with Nashville Medical News on the level of activity in 2013 and his expectations for Frank Morgan

the coming year. With more than two decades experience in equity research and investment banking, Morgan primarily focuses his research on facility-based healthcare services including hospitals, skilled nursing and assisted living facilities, long-term acute care (LTAC), behavioral health services and rehabilitation. Morgan, who has been recognized for his expertise within the health services industry by multiple national publications and industry rankings, is a popular speaker and participant in financial panels. Overall, Morgan said there was a general uptick in activity in 2013 compared to 2012. That was particularly true within the hospital sector. “’13 … if not a record year … was a very good year for M&A activity,” he noted. “You really saw it on the not-for-profit side,” he added. There are several reasons for the ‘super-sizing’ of hospital systems starting with implementation of ACA but exacerbated by other

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