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An Editorial
Whatever happened to the company formerly known as Fresenius Perfusion? It's been a while since I've blogged about them, but seems like quite a flurry of activity is happening these days. I'm reminded of the classic game of Monopoly - high finances, buying and selling, bankruptcy, taking a "chance" card. So if you don't know by now, the latest acquisition by Specialty Care / HCSG (formerly Fresenius/ Edwards Lifesciences/ Baxter/ Psicor) is Advanced Perfusion Care (APC), a really good company based out of Pinehurst, NC. It certainly caught a lot of people by surprise, especially the employees. We wish them the very best... they now are part of a new monopoly game based out of Wall Street, who join those clinicians who feel like they've passed GO and didn't collect their $200.
But that's not the most interesting news. When you look at what's going on you see a deliberate strategy and the folks that NOW have the power are not in Nashville, but in New York City. Back in May, American Securities, a private equity investment firm bought a controlling interest in Specialty Care and now owns the majority share of the this patchwork mosaic of perfusion service companies. You might want to ask, what do private investment equity companies do? Well, they do have a primary focus. They sell Boardwalk and Park Place for profit.
So in the latest move of monopoly pieces, what happens to everyone who worked all their lives in committed service to the patient? Perfusion service is a relationship business whereby people are its hallmarks, not mopheads, widgets, or Pakistani surgical instruments. They are real-live people with abiding interest in the patient and the people for whom they serve.
There's nothing wrong with monopoly. There's nothing wrong with making money. But now... in the case of Specialty Care, perfusion services are part of a profit center that generates revenues for a cost center that benefits a few. Being in a minority position with majority of shares owned by an investment firm means being obligated to outside investors whose focus could be blurred by the requirement of a predetermined return on investment. Jussayin'
Seems like (as Yogi Berra used to say) it's deja-vu all over again.
Your comments are always welcomed. POST YOUR COMMENTS AT TRIDENT'S BLOG!
Ralph E. Jordan
Founder & CEO
Trident Health Resources, Inc.
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Travel Perfusionists
Trident is always interested in hiring new Colleagues, and right now we have an
IMMEDIATE OPPORTUNITY for
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Exceptional opportunity available for perfusionists willing to travel. Trident is currently seeking two (2) experienced certified perfusionists to join these well established and successful long-term accounts. Any state licensing A PLUS! Excellent opportunity for a motivated enthusiastic team player. Outstanding benefits.
Forward your resume, references, and letters of recommendation to employment@tridenthealth.com or fax to (727) 738-9436. Please reference "Elite Travel Team Perfusionist" in the subject of your email or fax.
Trident Health Resources, Inc. is the premier national long term and locum tenens contract management services company with 23 years of continuous exemplary service.
Trident is an Equal Opportunity Employer. Employee benefits include: 401K Retirement Plan, Health, Dental, Flex Spending & Professional Liability Insurance with an A.M. Best rating of "A", Long & Short Term Disability and Life Insurance.
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About Trident
 | | Ralph E. Jordan, Founder & CEO |
Trident Health Resources, Inc. is an international leader in perfusion contract services and has been under the same management for 23 Consecutive Years. Perfusion management and staffing as well as coordination of supplies and equipment are available on a long-term or locum tenens basis.
Why Trident?
Because the patient always comes first.
Visit our website today at www.tridenthealth.com
1022 Main Street, Q, Dunedin, Florida 34698
Phone: (727) 736-4488 - Fax: (727) 738-9436
Toll free: (800) 888-8408
www.tridenthealth.com
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