Emdeon signs one of area's largest office leases in recent years

Thursday, June 26, 2008 at 1:21am

Under the category of Nashville keeping a headquarters in the county, Emdeon Business Services has leased 164,116 square feet at Donelson Corporate Centre to consolidate its headquarters operations.

This is one of the largest office leases in recent years and brings high-paying jobs into the Donelson area. The space is being designed to hold 820 people.

“It will help the Donelson community for years and years to come,” said Floyd Shechter, SmartSpace’s president.

Emdeon took over HCA’s office space that was emptied a year ago.

Donelson Corporate Centre is a former HCA hospital. Built in 1969, SmartSpace converted the hospital into office space in 1999.

Emdeon, a revenue-cycle management company in the healthcare industry, is spread among three locations around Davidson County. It has some space already in Donelson Corporate Centre. The company has space in One Century Place near the Nashville airport and Airways Plaza.

Emdeon’s history here in Nashville looks liked a spider web. Previously, the company has been named WebMD, Envoy and Healtheon.

The company is one of the largest healthcare operations in Nashville by revenue, last publicly reporting annual revenue of more than $700 million in 2006.

Until two years ago, Emdeon had been a unit of Emdeon Corp. based in New Jersey. General Atlantic, a Connecticut private equity firm, bought majority stake in the company two years ago for $1.2 billion.

Joel McAlister and Jim Smith, brokers with Colliers Turley Martin Tucker, represented Emdeon in the transaction.

Filed under: City Business
By: nashbeck on 12/31/69 at 6:00

Great news for Nashville!!

By: NewYorker1 on 12/31/69 at 6:00

Emdeon should change their name to Indion. I know several people that use to work in their IT department and ALL of their jobs have gone to India this past year. DON'T SUPPORT THIS COMPANY.

By: eastnashville37207 on 12/31/69 at 6:00

BiGGGG $$ in the medical profession to have a place this size. Emdeon used to be called WEBMD which more people are familiar with. I personally dislike the name Emdeon.