Saw an article about an Atlanta Hospital which settled with the government for $26 Million in order to avoid charges of Medicare fraud.
The whistle-blower, a former employee, collected almost $5 Million.
One of the charges in the lawsuit is that I accused PRMC of Medicare fraud. A comment said that it cost the hospital over $250,000 to clear itself during an audit. If that money was paid to the government, isn't that like deferred prosecution? You're guilty, but they just want you to clean up your act? They don't say that a hospital is guilty, but you can draw your own conclusions....
I didn't actually accuse the hospital, but one might characterize a guilty conscious as being overly sensitive...and you wonder if someone pocketed about $45,000!!!
Monday, December 31, 2007
What Rewards for the Whistle Blower?....1/03
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Wednesday, December 26, 2007
A heart attack at PRMC's Emergency Room....8/9
On the morning of Aug 1, 2005, I awoke about 4am at home with severe chest pain. It was an intense pain I had never had before.So this is the organization that wants to put in a specialty Heart Hospital? Is this the same place that put up the signs for 'The Chest Pain Center'...and then didn't bother to inform the ER, nor staff appropriately?
Heartburn is something I almost never have, but I got up and chewed a couple of Alka-mints. The pain did not go away and seemed to gain intensity, so I woke my partner, significant other or whatever you want to call him. We have been livingtogether for over 33 years and we have lived in ____ 22 years. He is also an ex-EMT basic. He had me lie down and administered oxygen. This helped a little bit, but I still had chest pain and trouble breathing. We decided I needed to go to the ER in Paris.
He drove me there and we arrived at 5:46am. Once in the ER, I sat at a desk while a nurse took my name, address, etc. and finally I was laid down and hooked up to a monitor with my blood pressure all over the chart and pulse as low as 37. When my pulse dropped below 40, an alarm went off and no one came in. I had to tell the nurse that it had gone off. She just looked at me with a blank look on her face.
Over several hours, I was given an Xray, an ECG and had blood drawn. I was left unattended all of the time while they worked on a couple of more patients that they said were critical. I was there forty-nine minutes before I was given nitro several times with no let up of chest pain.I was never given any aspirin or any other drug of any kind. I was never asked if I had a history of heartburn or upset stomach. Dr Hobbs came in only once for a very short visit. He never listened to my heart or lungs or asked any questions about my history. My partner was in the room with me when asked by nurse Debra Crews who he was. He replied that he was my significant other.
After that statement, the atmosphere seemed to change and I was left lying there with only occasional checks on the monitor. Thirty minutes after shift change at eight a.m., Dr. Rowe came and stood in the door. He said I had GERD and gave me a prescription for a prev-pak ($300). He said my sugar level was high at 146. I asked what should it be and he said "140". Then he sent me home.
All the time Dr. Rowe was in the room he didn't come near me. He never examined me or listened to my heart and lungs. He never asked me any questions or medical history. I went home and the chest pain mostly went away late that afternoon. This visit cost the VA over $2,500. I believed the doctor and thought I had GERD.
The rest of the week was spent in agony. My arms hurt, my legs hurt, I couldn't eat, my blood pressure stayed very low and averaged about 70/50 which is really not enough for kidneys to work properly. By Friday morning, August 5th when I went to Bonham to the VA clinic, my blood was toxic and my heart in really bad shape.
They did an EKG and sent me by ambulance to the Bonham hospital to stabilize me before I was sent to Wilson N. Jones Medical Center in Sherman to the emergency room to be sent to a heart cath lab. There I had one stent put in and angioplasty. They left some blockages because I was on the verge of kidney failure, and more dye would have probably shut down my kidneys. I was told by the renal specialist that I came very, very close to death. Fortunately, I have good kidneys and passed the toxins quickly.
I was released on August 7th. Two days stay at the hospital in Sherman cost the VA $140,000. Later the next week, I was charged over $43 for a copy of my medical records from Paris Regional Medical Center to give to my VA doctor. There were no strips from the monitor in the ER in these records or doctor notes.
When I picked up the records, I asked if I was getting a copy of everything in my medical records and was assured that I was. The ECG in these records clearly showed abnormal heart functions.
On August 20th, I had chest pain and it felt as if I had a heavy weight on my chest. I called the Dallas VA hospital and was told to call 911 or go to the nearest ER. I told them I would rather take my chances on the road to Dallas than to go to the ER in Paris again. I went to the ER at the Dallas VA hospital and was admitted and had another heart cath on Monday, August 22nd. They put in another stent and more angioplasty. I was released on the 23rd with medications for my heart and will do follow-up in the cardiology clinic there.
I believe I was denied medical care for the heart attack I was having when I came into the ER at Paris Regional Medical Center for several reasons. First, I did not have the blank check of Medicare or Medicaid. Second, the personnel at the ER seemed to have no training in treatment of chest pain (heart attack) patients which is simply an aspirin and nitro glycerin under the tongue immediately. Third, Dr. Hobbs and Dr. Lowe acted like they really didn't care about me at all and neither listened to my heart, lungs or asked any questions and seemed to have no training in ER procedures.
I truly believe that if my heart attack had been diagnosed properly at the ER at Paris Regional Medical Center, I would not have gone through so much pain and agony and damage to my heart would have been minimal. By not treating me at all, Paris Regional Medical Center has taken years from my life and is liable for all medical expenses, ambulance trips, medicine and all other expenses incurred by the Veterans Administration clinic and hospitals.
And the gay issue...do all Essent hospitals have a problem with that? Personnel need to park their personal beliefs at the door. A patient is a patient is a patient...and they need your care. If you can't provide that, you need to get out of the medical field.
Yes, patients can have their own beliefs--and we have to respect them. That's part of the job. That's part of your training. 'First: Do no harm.' That includes 'by omission', as well.
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Tuesday, December 25, 2007
Christmas 2007....1/18
Merry Christmas.....frank
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Friday, December 21, 2007
Interest Revived?....1/11
You wonder if Essent is back up on the block. Searches from several corporations that would seem directed towards that end. Even the Aussies appear back in play.
And, it would be a good thought: Buy low.
I have been thinking about the Essent finances. The first significant loss was with Crossroads. Their version of buy high and sell low. Now that happened prior to the blog, although I did mention in the postings around Nov.
Even before the blog got rolling, MVH had serious problems, and their gay rights lawsuit didn't help that a whole lot. I think the Lahey Clinic has positioned themselves well in any case.
Sharon Hospital just keeps on producing.
NVMC is keeping its head above water.
Southwest (odd how a corporation with a Texas presence names a hospital in PA "Southwest") has their own problems. The blog didn't seem to really catch on out there, but there are several loyal followers. They just needed a cash infusion for an update. Essent was part of the baggage.
Paris. Paris had its own problems. How Christus was bamboozled into buying Big Mac is beyond me. Maybe the bean counters really believed that two hospitals that were losing money combined would lose it half as fast rather than twice as fast????
The 'due diligence' conducted by Essent missed an awful lot, and Monty was burying as much as he could at that juncture. On paper, the facility looked good (doubling the corporate beds!)...and yes, there were savings areas that were obvious. But, the duplication of services, the number of properties, and the mind-set were essent-ially ignored. When they looked at it rationally, the building of a new facility at the North Campus might well be a fantasy--unless a non-competitive buyer (like the VA) could be found for the South, or a re-designated use (rehab, LTAC) that could stabilize costs could be found.
The cuts were to be expected. The problem is, few realized that. The community was used to a not-for-profit environment, that could deficit spend. The attitude was it doesn't matter what we lose, we'll still have jobs. Essent didn't dissuade that notion during the courtship, but then there is hammer time.
Possibly the way to have gone, was to have involved the community more. But they are in a fix. The heart hospital sounds good "on paper" (again), but the proximity of Dallas, with cheaper pricing and newer facilities, puts a hole in that. Advanced Heart has been directing patients that way for years.
What will play out? Who knows. The lawsuit that Essent is pursuing (you thought it was over????) has to show two things: One, my posts were false. Second, by circulating said falsehoods, enough credence was given that financial losses were incurred. They are hindered by a several things, history, common knowledge, and their own policies.
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Monday, December 17, 2007
Another Does Case....12/29
There is another aspect to the lawsuit. Essent does want to know who contacted me with 'tips'. Another 'Doe' case was in the media and finalized last year. That was the Apple vs Does, based on another blog and its sources.
While this is a California case, if you will note, the our appeals court utilized the Cahill decision in their call.May 26th, 2006
Huge Win for Online
Journalists' Source Protection
EFF Arguments Secure Reporters' Privilege for Internet News Gatherers
San Jose - A California state appeals court ruled in favor of the Electronic Frontier Foundation's (EFF's) petition on behalf of three online journalists Friday, holding that the online journalists have the same right to protect the confidentiality of their sources as offline reporters do.
"Today's decision is a victory for the rights of journalists, whether online or offline, and for the public at large," said EFF Staff Attorney Kurt Opsahl, who argued the case before the appeals court last month. "The court has upheld the strong protections for the free flow of information to the press, and from the press to the public."
In their decision, the judges wrote: "We can think of no workable test or principle that would distinguish 'legitimate' from 'illegitimate' news. Any attempt by courts to draw such a distinction would imperil a fundamental purpose of the First Amendment, which is to identify the best, most important, and most valuable ideas not by any sociological or economic formula, rule of law, or process of government, but through the rough and tumble competition of the memetic marketplace."
The case began when Apple Computer sued several unnamed individuals, called "Does," who allegedly leaked information about an upcoming product to online news sites PowerPage and AppleInsider. As part of its investigation, Apple subpoenaed Nfox -- PowerPage's email service provider -- for communications and unpublished materials obtained by PowerPage publisher Jason O'Grady. A trial court upheld the subpoena.
But Friday, the court said that O'Grady is protected by California's reporter's shield law, as well as the constitutional privilege against disclosure of confidential sources. The court also agreed with EFF that Apple's subpoena to email service provider Nfox was unenforceable because it violated the federal Stored Communications Act, which requires direct subpoenas of account holders.
"In addition to being a free speech victory for every citizen reporter who uses the Internet to distribute news, today's decision is a profound electronic privacy victory for everyone who uses email," said EFF Staff Attorney Kevin Bankston. "The court correctly found that under federal law, civil litigants can't subpoena your stored email from your service provider."
EFF worked with co-counsel Thomas Moore III and Richard Wiebe in this case.
For the full decision in the case.
For more on Apple v. Does: http://www.eff.org/Censorship/Apple_v_Does/
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Friday, December 14, 2007
My Rights??....12/21
Had a comment tossed my way that set me a bit on edge:
That's all you have to say about the appeals court decision?How bout a shout-out and a way-to-go for the 6th court of appeals making a stand for your first amendment rights?
It isn't just my rights, it's everyone's. The court's decision was in line with what I had been saying, and the opinion was well within my comfort zone: That I had an expectation of privacy, that if sufficient proof was rendered, the privacy would be set aside, however, prior to that I would have a chance to refute the presented matters.
Maybe it is because I take it for granted that the opposite had me so riled. However, the ruling set things right and all's well with my personal corner of the judicial system.
Should Essent pursue the case? It's their right. But, with the legal commentary that I've received, and my lawyer's counsel, I really don't feel that the facts support an adverse judgment.
But that isn't Essent's goal. Their goal, through the whole matter, is disclosure of my identity and what recourse they might have outside the legal proceedings. Kind of who-are-you-and-how-can-we-make-your-life-miserable.
I'm criticized for bringing up Holly as an example, but she is a PRIME example of what Essent has done and is capable of. And, for merely being suspected of being me, several employees have been fired, or was that just used as a public excuse? IT functions have decreased with the centralized data management, so somewhat less experienced and knowledgeable staffing is required.
Contemplate this: What kind of a split can the Paris medical community sustain now? In their current state, what kind of fence-mending can Essent provide, or would they even try? Is this whole thing merely to cow possible dissidents?
So much for a corporate showplace.
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Wednesday, December 12, 2007
Warming Up??....12/18
Well, Essent's boardroom is probably seeing a bit more reds in their color schemes, considering the ruling handed down on the appeal. For one of the more confusing documents (not that I disagree, of course), follow the link. The ruling isn't confusing (pretty much what I indicated, a Cahill based decision), the formatting is. Don't know what the problem with my browser is.
While there's not singing yet, she's warming up in the wings.
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Monday, December 10, 2007
Burning Rubber....12/12
For those who are wondering why the appeals court is taking their time, let's run through some statistics:
62% of cases are disposed of with in 6 months.Realize these are last year's statistics, but will probably hold. What complicates this case are the issues involved. A 'constitutional' issue, a somewhat obtuse decision,
25% in 6-12
13% in 12-24
0% longer than 24.
So while we're spinning our wheels, they are turning and just need a little traction. What might render the case moot is if it outlasts Essent, and it would seem that that might be the case. Some in corporate are wondering if it will last a year.
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Saturday, December 08, 2007
Ever Wonder??....12/13
Do we wonder about the Essent Board of Directors? Who they are, what other companies they're involved with? It does become interesting. I was perusing the Business Week description of the Essent corporate structure (which is way out of date) and found the board members.
David Mayer -Jazz Pharmaceuticals
Ron Wolford -ForHealth Technologies
James Elrod Jr. -Vestar Capital
Bryan Cressey -Thoma Cressey
Steven Silver -GoldToeMoretz
Jeff Goldsmith -Cerner
Bryan Marsal -GoldToeMoretz
One tidbit noticed about Cerner--The CEO and the Board vice-Chairman have sold a net of 55,000 shares within the last three months. How much confidence do they have?
As for Essent--Connery has decided not to pursue the lawsuit against Essent for an early release of the money for his shares.
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Friday, December 07, 2007
Who's Resumes are in Play?....12/9
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Monday, December 03, 2007
Pakistan Repercussions?....12/17
With all the turmoil in Pakistan, the question becomes: How will this affect local healthcare if the political climate changes for the worse? We have several Pakistani physicians in our community, prime example is Doctor Hashmi.
The New England Journal of Medicine indicates: "Pakistan has contributed approximately 10,000 international medical graduates (IMGs) to the United States...." Only 300 have returned to the medically underserved country. Should there be changes in the relationship between the US and Pakistan, how will that affect those physicians currently in the country on resident alien or dual citizenship status? With those with a large portion of their wealth, or the majority of their family in Pakistan.
The new heart hospital, comes to mind. Speculation is all anyone can do without the facts, but that's probably what Essent is having to do as well. Assurances can only be based on the current situation, rather than a future one.
I would imagine that there will be no great changes, but one can never tell....
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Friday, November 30, 2007
Awfully Quiet in Nashville....12/4
I figure that they're actually beginning to realize what Hud saddled them with. One scenario:
He bought hospitals that no one else wanted, but looked good on paper, tried to run "the big con" ala the Sting, and with him gone, things will probably fall apart.
He could sell the idea that the hospitals weren't profitable while they were being renovated. That renovation would take years. And years to start. Meanwhile, he could acquire some actually good properties (Muskogee comes to mind, as well as Weatherford) and borrow against the idea that his corporation owned five hospitals that they were willing to put money into. Sort of how they got Paris.
Or:
He actually believed that he could package a working system that would make the 15-20% return that he forecasted from bankrupt hospitals.Your choice.
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Tuesday, November 27, 2007
Essent should keep community informed....12/7
This is the first time I've seen the Paris News take a chunk out of the hospital:
Staff reportsActually, Hud's change in status happened in October. I posted the news on the 9th of November.
The Paris News
Published November 26, 2007
Officials at Essent Healthcare, the parent company of Paris Regional Medical Center, need to keep this community informed of events such as a change in leadership at the top as happened earlier this month in Nashville, Tenn.
The Paris News became aware through a third party, and almost a week later, the companys founder, Hud Connery, had been forced to step down as chief executive officer by the companys board of directors and that Mike Browder had been named acting chief executive officer.
Essent public relations specialist David Jarrard did respond to a request for information for a Nov. 19 story, but an e-mail communications problem prevented us from receiving a response in time for that days edition.
Jarrards response was brief, stating the board of directors has a commenced a search for a permanent chief executive officer. He also said in the written statement that Browder joined Essent in 2001 as chief financial officer and that he served in a similar post for TMC HealthCare. From 1993 to 1999, Browder served as vice president of finance operations for Health Management Associates, Inc., where he was responsible for financial operations at 32 hospitals.
We should have received that information as soon as an event of this magnitude took place, not a week later and only at our request.
Members of our community should be kept abreast of what is going on with Essent. Paris Regional Medical Center is one of this communitys largest employers and serves the medical needs of the majority of our residents. In the past this newspaper has been supportive of our local hospital, but being left out in the cold about major events does little to help a relationship. After all, it is the responsibility of this newspaper to keep residents informed. A change in Essent leadership certainly warranted an immediate notification.
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Monday, November 26, 2007
What If....12/8
Dux has been more than willing to say that he wants to get rid of those elements that Bitch, Piss and Moan at the hospital, but let's look at that....
Toyota is often cited as having one of the best suggestion programs of any corporation. They also had not laid off any employees since 1950 (not sure if that still holds true, but probably so.)His definition of bitching, pissing and moaning might be a
bit different than ours. For one thing, those that are recognizing problems, and suggesting solutions are the ones that aren't saying, "That's not my job." Maybe administration would prefer that they were, but patients don't.
Housekeeping used a wax that was softened by the cleaning solution they used to mop it. It produced a sensation of sticking to fly-paper as you walked. Solution: Change the wax, or change the cleaner. The extra money spent would be paid back in public perception almost immediately.
An effective suggestion program can make the difference between red and black ink, but the opinion is anyone that doesn't believe that the moon is made of green cheese (admin's view), is a troublemaker.
When you feel that your ideas do not fall on deaf ears, you are far more likely to feel appreciated for your efforts. As admin has found, complaints that you hear are backed 10 to 1 with those you don't. This blog could be a demonstration of that.
Complaints are opportunities (ironically, the link is about Vandy.) And the first part of a problem-solving process is to identify the problem. Those that don't appreciate that fact are doomed to failure.
Say the hospital did get rid of all those who have read or commented to the blog. Can you say, Ghost Town?
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Friday, November 23, 2007
Rumors and Propaganda....11/26
Not quite the latest rumor, but it is said that former CEO W. Hudson Connery Jr. was walked from Essent by security and that he is under investigation for embezzlement (a possible criminal charge, forthcoming?) I'd say that it qualifies as not "not unfriendly". What do you think? I can't say that this is first, or second, or third-hand (can you say anonymous?), but you never can tell.
Remember, this is dealing with a capitalization of over $200 million dollars
. How tight is the cookie-jar lid? (Note: The real financials from Crossroads were never made available to the CT officials when they were considering Essent's purchase of Sharon Hospital. That was mentioned in the decision summary.)
An aside: In searching for records on Connery and CT, I ran across a house owned by Hud and an Ann Moore. It would appear that Ann Moore used to be in the clique of former Governor John G. Rowland, who pleaded guilty to a corruption charge (his administration approved the Sharon conversion from not-for-profit to for-profit, first in CT). I can follow Ms Moore's career through the CT governmental positions she held, as a lobbyist, and to a law firm (UPDIKE, KELLY & SPELLACY, P.C), after which she disappears (career-wise), apparently not practicing. They even hired an attorney to prepare a variance for submission on the house.Looking at Hud's replacement, Mike Browder's duty description caused another series of questions, see if you can find and answer them:
"Michael Browder joined Essent in 2001, and is responsible for all traditional corporate financial functions including routine reporting and capital structure development. In addition, he is responsible for information systems development, corporate risk management/insurance and detailed acquisition support functions, including due diligence."Did you see? Corporate risk management, insurance, and due diligence. Responsibility for due diligence puts him in the hot seat for failing to recognize PRMC's shortcomings, insurance for the gay couple's lawsuit, and risk management for the go ahead on the actual Essent-Doe lawsuit. You wonder why he wasn't out the door before Hud....
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Thursday, November 15, 2007
Can You Say: Sub-Prime?....11/24
$55 million term loan and $20 million revolving line of credit from GMAC-RFC
$80 million from Vestar Capital Partners of New York City
$50 million Thoma Cressey, plus another $10 million
So, with over $200 million invested, what do they get?
Two hospitals that are paddling in red ink.
One that has gone up and is headed down.
Two that are reasonably profitable. (However, nothing close to what was forcasted....) They're the ones absorbing the losses of the other two.
This, my friends, is called venture capital. They would have done better investing in liquor stores and pawn shops. With the bottom falling out of sub-prime real estate loans, one wonders if this is in the same catagory. Banks and lending institutions all over the country are feeling the pain--just look at the stock market.
But, don't worry, GE only lost $17 million of the $25 million they had in Arcon. (Source: Final Decision, Sharon Hospital.)
I really want to see how Michael Browder's vision for the company is going to pull this one out of the fire....
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Tuesday, November 13, 2007
Essent's Future....11/25
I suggested to a person in the industry that there are only a few possibilities for Essent: Sell or turn into a kinder, gentler Essent--more of what they pitched to Paris in the courtship.
He replied:
Hud was the central focus of this whole thing. With him gone, the venture capital guys have to either expend a lot of effort to put a new team in place and hope that things improve or they can cut their losses, get what they can through a sale and move on to something else. I don't think any of them have a particular passion to manage hospitals. If the company were bigger, I could see them wanting to salvage things with a new management team. But with just 5 hospitals, I'm guessing they'll let someone else have them.
The sale might be compromised by the pending settlement with Hud, depending on the length of time it takes. Ironically, he might be the only winner in this mess, or the spoiler that will destroy the value for everyone. I'm betting on the petulant child.
What could that do for or to Paris? The biggest problem Paris has is the joining of the two hospitals. Too much property, too many duplicated services, and a lack of competition to make it work. If Hud holds out, it could force a fire sale, or, an actual bankruptcy that might split it up (how long have I been saying this?) Or, if he settles early, we're stuck with the status quo.
I can't see any progress on the new Heart Hospital. This was originally delayed until April from the new year. What is the projection now? If Essent is going to bluff it out, it almost has to get going with the plans to show that management hasn't slipped.
I'd say they're dancing on banana peels.
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Monday, November 12, 2007
History Repeating....12/10
Looks like Hud has another lawsuit to deal with. When HCA merged with HealthTrust, Hud lost his stock compensation plan (it didn't pay 'til the year end)...and so these are the elements that lawsuits are made of.
It appears that Hud has actually been out of the office for the last couple weeks--and the settlement between he and Essent is not amicable. Several million dollars worth of he said--you said, and wrangling about actual contractual obligations. Wonder if either will be able to use a Nashville law firm?
Anyway, Hud lost the first one, and its appeal. Wonder what happens to this one?? Stay tuned.
And, if anyone was wondering about Matt, I thought I would mention this:
One of the 'discussion groups' that he logs into also logs the IP address that he uses. I have a readout of his as well. And, a lot of his phraseology is the same. Tracking back his comments gave me his posted vocation (but all people lie, according to House). So, either he's Mattndallas, or a co-worker (that has picked up his manner of addressing issues) is. He just picked a poor mentor.
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Friday, November 09, 2007
Connery forced out at Essent Healthcare....12/1
According to the Nashville Post, W. Hudson Connery has been forced out of Essent. The former CFO Michael Browder has been named to take his place.
The irony is, he might make out better by that happening than by captaining it into the rocks. If there is a corporate buyout of his stock, it might save his nest egg.
It doesn't mean it's over, folks. Maybe just starting....frank
NashvillePost.com has learned that Essent Healthcare founder and 30-year industry veteran Hud Connery has been forced to step down as CEO by the company’s board of directors.
According to NashvillePost.com sources, the hospital operator’s CFO Mike Browder has been tapped to serve as the acting CEO and, they claim, is a candidate for to take the helm of the company permanently.
The board, led by investors from Thoma Cressey, has not announced the change, even to the Essent’s staff, as the shift, apparently, is not an amicable one. Allegedly, Connery and the board are currently at odds over a severance package and that his options in the company could total several million dollars.
Sources went on to claim that the board and a number of Essent’s investors would like to sell company.
Connery launched Essent in 1999. The company’s first hospital was purchased in April of 2000. Prior to that he was the leader of the now defunct Arcon Healthcare. That company, which was based on a “hospitals without beds'' concept filed for chapter 11 in 1998.
I'm going to add as needed to the original post (one has to be flexible....) just for continuity of the thought. The latest:
[Update, 2:26 p.m. Monday:]
Following the posting of this article on Friday, David Jarrard, a spokesman for Essent, sent an email to NashvillePost.com confirming the departure.
Jarrard disputed NashvillePost.com’s characterization of the shift saying, “the transition is not unfriendly.”
In the e-mail, Jarrard also said that “Connery has no options with Essent,” and “Essent staff were informed of the transition earlier [last] week.” While repeated attempts to contact Jarrard seeking clarification have so far gone unanswered, NashvillePost.com was informed that Connery does in fact have a sizable equity interest in the company, though the use of the word "options" was technically incorrect. Further, NashvillePost.com has been told that despite some staff’s having been informed, as of Friday afternoon the vast majority of Essent’s employees were unaware of the move.
According to Jarrard, discussions of a possible sale have been tabled for the time being noting that “every Essent hospital is profitable and growing in their markets."
Last thing first: Merrimack Hospital is sitting at $-1,498,033 for last period listed, according to American Hospital Directory (AHD.com).
Southwest Regional Medical Center -- $-212,615, and with a net of $860,296, Nashoba Valley Medical Center (57 beds) is over twice as profitable as this (PRMC) hospital (228 beds listed, what happened to the other 100 or so?).
Not "unfriendly"??? What, we haven't dug out the squirrel guns yet? The board has back-doored at least two offers that fell through and finally pitched Hud out. They aren't selling because there are no buyers. What kind of value does that ascribe to Essent??? You do the math:
No wonder Hud wants to take his money and run.....
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Wednesday, November 07, 2007
In Need....11/9
There have been a few requests for publicity sent to me, generally for a good cause, and that brought forth an idea. Normally a blog on blogspot is filled with ads for a variety of less than desirable products.
I'd suggest that I can do some local good with announcements for fundraisers/benefits/non-profit affairs. The blog does get a fair amount of attention, and if the cause is a good one, send it in.... I'm going to play with some html tags and see if I can put some of the unused space to a better purpose.
This in no way suggests that the organizations are supporting the blog. This just means that some of the people that read the blog support the organizations.
With some of the limitations on soliciting for even good causes, maybe you can make a difference. 'tis the season....
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