Executives team up to form hospital chain
... Since the 1960s, Nashville has earned a reputation among investors as a sort of incubator for health-care businesses, with executives from big companies striking out to form smaller ones. GTCR itself provided the capital to launch Province in 1996.
Such entrepreneurship is ''a defining characteristic of the health-care industry here,'' said Gallivan, whose organization estimates about 300 health-care companies are based in the Nashville area; the council produces a ''family tree'' showing how many of the companies are related....