The Nashville Medical Trade Center has its first tenant, though it’s not a health products or technology company.
It’s Lipscomb University, a Christian liberal arts college that was once known as Nashville Bible School. Lipscomb has signed a memorandum of understanding with the medical mart’s developer to create the National Center for Health Care Education and Innovation, the Nashville Business Journal reported.
Lipscomb’s president and Dallas-based Market Center Management Co., which is developing Nashville’s medical mart, made the announcement at a breakfast co-sponsored by the Business Journal.
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Beyond the education center’s name, few details were available. Lipscomb’s president described his university’s investment in the medial mart as “substantial” and said a more detailed announcement would come in a few weeks, the Business Journal reported.
“I don’t know much about hospital beds, how to display them or how to sell them, but we do know a good bit about education,” said Lipscomb President Dwight Lowry. “We’ve been doing that for 119 years.”
A Lipscomb spokeswoman didn’t immediately return a call.
While the significance of the announcement is debatable, it does leave Cleveland as the only one of three medical mart competitors that’s yet to announce any prospective tenants. (In July, New York’s World Product Centre said it’s secured commitments from 11 tenants, including Ohio-based Cardinal Health.) That could lead to more gnashing of teeth from Clevelanders worried that they’re falling behind in the medical mart race.
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With Cleveland’s medical mart viewed as the city’s top economic development project in years, such high stakes provide plenty of reason for concerns about even the slightest of roadblocks the project encounters in the long race to open that nation’s first medical-products showcase.
