Knox startup purchased by tellurian evidence firm
Welch Allyn, a heading medical evidence device company, has acquired Knoxville-based Hubble Telemedical, that provides remote retinal eye exams for illness screening and diagnosis.
The New York association pronounced it designed to use Hubble’s exclusive network to assistance fight diabetic retinopathy by diagnosis in physicians’ offices. Diabetic retinopathy is a heading means of blindness among working-age adults.
Terms of a understanding were not disclosed.
Hubble Telemedical’s stream product will continue to be developed, sourced and sole by a existent workforce in Knoxville.
“As a heading provider of remote retinal imaging analysis, we trust that fasten Welch Allyn will accelerate adoption of a telehealth-based prophesy screening solution, thereby assisting to exterminate preventable prophesy detriment compared with retinopathy,” Chuck Witkowski, boss and CEO of Hubble Telemedical, pronounced in a news release.
Witkowski formerly launched Protein Discovery, that was sole in 2011. He brought a domicile of Hubble Telemedical from Memphis to Knoxville after fasten MB Ventures, a try collateral firm, as entrepreneur-in-residence.
Power Systems sold, will continue internal operations
Power Systems, a Knoxville-based distributor of aptness equipment, has been acquired by Chattanooga association Playcore.
The merger will extend Playcore’s strech into a aptness market, a proclamation stated. Terms of a transaction were not disclosed.
Power Systems will continue operations during a Knoxville facility, according to a announcement. Power Systems altered into a 227,000-square-foot building during 5700 Casey Drive in 2007.
Former University of Tennessee strength and conditioning manager Bruno Pauletto and his wife, Julie Pauletto, founded Power Systems in Powell in 1986.
PlayCore owns a series of distraction companies and designs, manufactures and markets several play and distraction products, including stadium structures, dog park apparatus and rubber mulch.
Cars Inc. changes hands; Harper builds physique shop
Minneapolis-based ABRA Auto Body Glass has bought 3 Cars Inc. collision-repair centers in Knoxville, while Harper Auto Square skeleton to open a possess physique emporium in a former Sea Ray of Knoxville vessel dealership.
About 15 to 20 people will be hired for Harper’s collision center, that will paint an investment of about $1 million investment.
The Harper Auto Square collision core will concentration on repairs for a vehicles a association sells — Porsche, Infiniti, Audi, Jaquar, Volkswagen and Acura brands, Shannon Harper said.
The Cars Inc. centers acquired by ABRA are during 1106 Callahan Drive, 10446 Lexington Drive and 8854 Kingston Pike. ABRA acquired a Knoxville locations during Nov and December, as good as physique shops in Illinois and Utah, giving a association 258 centers in 20 states.
Apartments slated for Keener Building
Downtown developers David Dewhirst and Mark Heinz have purchased a former Keener Lighting Co. building on a north corner of downtown Knoxville.
The dual paid $660,000 for a three-story, 24,000-square-foot skill during World’s Fair Park Drive and Broadway.
Heinz pronounced a building will expected be converted to apartments, and a belligerent building will be used as blurb or sell space.
Anchor South to work Fontana Village resort
Anchor South, a Knoxville-based review and jetty government company, has entered a multiyear agreement to conduct Fontana Village Resort in western North Carolina.
The review includes a lodge, cabins and campground, as good as a grill and accumulation of recreational activities.
Mitchell and Alicia Jones offer as Anchor South’s CEO and president, respectively.
The association operates Choto Marina in Knox County; The Ridges Resort and Marina on Lake Chatuge in Hiawassee, Ga.; Bumside Resort and Marina and Beaver Creek Resort and Marina on Lake Cumberland in south executive Kentucky; and Holly Creek Resort and Marina and Eagle Cove Resort and Marina on Dale Hollow Lake on a Tennessee-Kentucky border.
Construction begun on Fort Sanders apartments
Construction has begun on private housing for University of Tennessee students on Clinch Avenue in a Fort Sanders neighborhood.
The site is being grown by Austin, Texas-based Campus Advantage, that operates 45 properties in 20 states.
The two-buildings formidable will have 141 units.
This is a initial skill owned by Campus Advantage in Tennessee.
Knoxville has had several private tyro housing companies launch developments in a area. Last summer saw a opening of a Evolve formidable during 1913 Cumberland Ave., and Athens, Ga.-based Landmark Properties recently started construction during 17th Street and White Avenue.
Dancing Bear owners to deposit $3M in expansion
The new owners of a Dancing Bear Lodge have announced a $3 million investment in a property.
The initial proviso of a reconstruct is slated to embody a new restaurant, eventuality core and eventuality lawn, and 4 new cabins with 8 units of lodging. A second proviso will embody a new towering lodge.
The board and grill were broken by a glow in 2013, and a skill has been handling as a cabin let try given then. Mark and Sharon Oldham, of Nashville, acquired a skill in September. They also possess a StoneFort Inn, a boutique hotel in Chattanoooga.
Cleveland organisation purchases Knoxville nursing home
The Brakebill Nursing Home has been sole and a name altered to Westmoreland Health Rehab Center.
Its CEO and administrator, Chris Gustin, pronounced a trickery is being operated by Health Services Management Group of Cleveland, Tenn.
The new owners will expected supplement a secure section for patients with Alzheimer’s and dementia-related illnesses, as good as a short-term rehab section with physical, occupational and debate therapy.
The Lyons View Pike building was sole in late Dec for $10.75 million to Knox Real Estate Investors LLC.
The nursing home, non-stop in 1977, is a second largest in Knoxville and is protected for 222 beds.