Thursday, November 11, 2010

Business Briefs: O'Charley's cuts jobs

By GETAHN WARD • The Tennessean • November 11, 2010 O'Charley's Inc. let go 11 employees this week as the restaurant operator pursues a turnaround under a new chief executive. The affected workers represent less than 1 percent of the Nashville-based company's Middle Tennessee work force, said David Head, who became O'Charley's CEO in September. O'Charley's employs nearly 1,500 people in Middle Tennessee, and it plans to hire more multi-unit managers, restaurant managers and restaurant team members, Head said. "We are consciously focusing our resources on improving the dining experiences of our guests," he said. Firm acquires stake in MedSolutions A Boston-based private equity firm has acquired a minority stake in MedSolutions, the Franklin-based radiation benefits manager. Additional terms of the minority investment by TA Associates weren't disclosed. Mark H. Carter, a TA principal, and David S. B. Lang, an adviser at the private equity firm, will join MedSolutions' board. Current MedSolutions investors MedCare and Ridgemont Equity Partners will each retain a portion of their stakes. MedSolutions employs more than 500 people, including at its headquarters and at call centers here and in Melbourne, Fla

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