Collection of Key Partners Pushes Project Near Goal; Financing Preparation Begins
DALLAS – May 4, 2012 – Market Center Management Company, the management company of leading trade centers and trade events around the world, announced today a collection of new leases as well as other significant steps toward launching the Nashville Medical Trade Center in downtown Nashville.
Over the last several months, Market Center Management Company has secured commitments from many companies across healthcare including information technology, surgical technology, furniture and services. A partial list of new commitments includes:
· Informatics Corporation of America (ICA) will showcase interoperability technology that enables health information exchange and will be located in the HIT neighborhood.
· The SSI Group (SSI) will be located in the HIT neighborhood and will promote claims management technology.
· Humanscale will join the furniture neighborhood and offer ergonomic work tools that support healthcare-specific technology.
· ergoCentric will present their specialized line of medical grade seating, healtHcentric, in the furniture neighborhood.
· V Alexander will demonstrate their unique capabilities in supply chain management including transportation, customs, compliance, documentation, and security on the services floor.
· Remind America, a leading HIPAA-compliant physician reminder service, will join the services floor and will showcase the company’s customized services that meet the needs of any practice.
Separate announcements were also made for each company including additional information.
“We began this project in the midst of uncertainty about the economy and questions about the viability of a global marketplace for healthcare. But companies have had the time to recognize the cost benefits and business opportunities of a center of innovation attracting visitors from around the world,” said Bill Winsor, president and CEO of Market Center Management Company. “As the economy continues to warm up we will add a significant number of new companies and organizations as well as announce companies with existing leases.”
With these agreements the project enters a new phase as it nears important leasing milestones. Therefore, Market Center Management Company has engaged Lattimore Black Morgan & Cain (LBMC), a Nashville-based accounting and financial services company, to advance final plans for the financing package and structure while the company continues to finalize agreements and develops additional services and plans for healthcare trade events.
“LBMC is pleased to be working on this exciting opportunity to bring global healthcare innovation to downtown Nashville,” said Jeff Drummonds, Partner, Lattimore Black Morgan & Cain Family of Companies. “LBMC will be providing a wide range of consulting services including assistance with advancing final financing and investment structure. We look forward to this new phase of the project.”
“As we move forward on several fronts, this new stage of the project will place an even greater emphasis on innovation and the leading edge of patient care that will draw the industry to Nashville,” said Cindy Morris, chief operating officer of Market Center Management Company. “At the same time, we continue work with the first major exhibitor in the trade center, the Health Information and Management Systems Society (HIMSS), to advance our shared vision of a year-round marketplace of ideas, education and innovation. HIMSS has served as a catalyst for attracting a number of important companies to the project,” said Morris.
“HIMSS will serve as the hub of Information Technology on the top floor of the trade center where we will host technical demonstrations, conferences, workshops, and customer demos,” said Sandra L. Vance, director of global interoperability showcases for HIMSS. “In addition, HIMSS expects to host more than 100 companies inside an interactive exhibit exploring clinical information systems and infrastructure that provides optimum interoperability.”
The Nashville Medical Trade Center is a comprehensive healthcare marketplace that unifies for the first time permanent showrooms, temporary exhibition space, and education and training facilities. The result is a global marketplace for healthcare products, solutions, and services.
About Market Center Management Company
Market Center Management Company (MCMC) is an international wholesale trade center and tradeshow management company based in Dallas, Texas. MCMC and its owner, Crow Holdings, own or manage trade centers and tradeshows on three continents – Asia (ShanghaiMart), Europe (Brussels International Trade Mart), and North America (Dallas Market Center), totaling more than 11 million square feet, more than any other single international company. Within the MCMC trade centers and tradeshows, customers from around the globe source products directly from manufacturers including home furnishings, gifts, decorative accessories and lighting to textiles, fashion accessories, and apparel. The dozens of trade events each year hosted by MCMC are attended by hundreds of thousands of customers from all 50 states and more than 78 countries. MCMC’s website is available at www.marketcentermanagement.com.