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jonesieatl

09/19/07 10:51 AM

#11758 RE: plugger #11757

I don't understand the need for 'subsidiaries'.

Why not just divisions? Or even just departments?

How much redundancy of personnel (and attendant costs) will 'subsidiaries' entail?

just curious.

jonesie
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emilson

09/19/07 10:52 AM

#11759 RE: plugger #11757

I don't believe I was that far off when I suggested that they would create a number of company's from these different tools.


"Our strategy to maximize LTC revenues by forming five wholly-owned LTC medical procedure-specific subsidiaries, which we announced in May, is proving opportune and timely. In essence, we were certain that by creating five separate subsidiaries, we will maximize LTC's ability to enter into more lucrative and focused marketing agreements, partnerships, joint ventures, or other types of arrangements.

The targeted surgical specialty and the related newly-established subsidiaries are:

Gynecology and General Surgery (GSG Medical Group)
Orthopedics and Arthroscopy (Orthopedic Tissue Sciences)
Colon Rectal Surgeries (Colorectal Connection Management)
Pulmonary/Lung (Pulmonary Sealing Sciences)
Urology (Urological Tissue Welding)"
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lowman

09/19/07 11:01 AM

#11761 RE: plugger #11757

Very impressive, IMO. Don is clearly wasting no time is setting things up for business. Dividing the strengths of LTC up into 12 divisions ultimately, will maximize efficiency by having each division specifically focused in their marketing endeavors. That is mass saturation inpromptu!

Gotta love Don's forward thinking!