Breaking up isn't hard to do
Article Abstract:
Baxter International Inc.'s Allegiance Corp. spinoff company hopes to sustain its independence by providing services to help hospitals reduce their cost structures. Under the stewardship of CEO Lester Knight, Allegiance is counting on 20% to 40% of its revenues in 2000 being generated through the cost-cutting services it provides hospitals. Baxter's high-tech hospital supply operations are generating annual margins of 14% to 15%. Analysts predict Allegiance will achieve an annual growth rate of 5% or less.
Publication Name: Hospitals & Health Networks
Subject: Health care industry
ISSN:
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Timothy M. Aitken: vice chairman and president, Apria Healthcare Group, Costa Mesa, CA
Article Abstract:
Timothy M. Aitken, president of the new company created by the merger of home care firms Abbey Healthcare Group Inc. and Homedco, expects revenues to rise from the current $1.2 billion to $10 billion. Aitken believes that home care can be offered to patients at a lower cost than hospital care and will afford patients deep discounts. In addition, the merged company, which will save $40-$50 million in costs in 1995, will be able to offer a wide variety of services for many types of diseases.
Publication Name: Hospitals & Health Networks
Subject: Health care industry
ISSN:
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Health policy researcher John E. Wennberg. Linda Bremner: founder, Love Letters Inc. On ambulatory care's coattails, prevention gets its due
- Abstracts: Nurses call for regulations on hospital staffing ratios. Tapping into teams
- Abstracts: Age wave: Florida learns from geriatric care. The urgent care crunch: Medicaid managed care tackles emergency use - with mixed results