Company offers $5.2M for murder victim Cannon's stake

Medical Reimbursements of America, the Franklin-based healthcare collections firm led by the late Jim Cannon, has reached an agreement with his estate's administrator to purchase the murdered Nashville entrepreneur's equity in the company for $5.2 million.

The company and representatives of Cannon's estate and heirs are slated to appear before Davidson County Probate Judge Randy Kennedy tomorrow for approval of the deal. Not all parties to the probate case could be reached this week, and it is not clear whether all will support the transaction, as proposed in this court filing.