Another Corporate HQ to Nashville
Another corporation, Housecall Medical Resources, is moving its headquarters to Nashville, but there's less to this story, first reported by the Nashville Business Journal, than meets the eye. The bulk of the jobs will remain behind in Knoxville and elsewhere. And the relocation says less about ashville's attractiveness to business executives than it does about the power of cash - the company's exectutives are moving here because three executives with a Nashville hospital company have put money ino the deal:

The medical services company, which posted $102 million in revenue in 2002, plans to occupy about 7,000 square feet of office space, though officials won't say where. The move comes after the company was purchased by Washington, D.C.-based Allied Capital Corp. (NYSE: ALD) in a $37 million dollar deal. The acquisition was funded through a combination of Allied Capital debt and equity, a senior lender and three unnamed executives of Centennial Healthcare.

As of today, the move has not made the news in Knoxville.

Meanwhile ... the mid-May announcement that a Silicon Valley wireless company called Asurion was leaving the Valley for the greener pastures of Nashville has still not made the news in Silicon Valley. This despite the fact that Asurion has been profitable for 26 straight quarters and Silicon Valley overall has been in a bit of a slump.

Asurion's departure sure hasn't made a blip on the Silicon Valley news radar. Run this Google search and you'll see that no West Coast media has covered Asurion's announcement that it is leaving. Not the San Jose Mercury News or the Contra Costa Times, not the San Mateo County Times. And, even though the Nashville Business Journal has reported on Asurion's move to Middle Tennessee, its sister paper, the Silicon Valley/San Jose Business Journal, has NOT reported it.

Additionally, today I checked Lexis-Nexis, ProQuest and Intellisearch. The alleged move of a large, public, and profitable company out of Silicon Valley to Nashville has received no coverage outside of Tennessee. Also, Asurion still has not posted a relocation announcement press release on its website. Very. Odd. I'm wondering even more as the days go by if Asurion's "relocation" to Nashville, is really as big a deal as was sold to the local media.