Word: for-profit
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...fact, Frist and the rest of the board had begun to fear for the survival of Columbia (1996 revenues: $19.9 billion), which has long been a lightning rod for critics of for-profit hospitals. Directors were worried that Scott's stonewalling of federal probes of Columbia's Medicare billings and home-health-care practices would only inflame the zeal of investigators and prosecutors and make a face-saving settlement impossible. And Columbia, which is based in Nashville, Tenn., was reportedly exploring a merger with Tenet Healthcare of Santa Barbara, Calif., the country's second largest hospital company. That deal would...
...given year, the Latter-day Saints employ vast amounts of money in investments that TIME estimates to be at least $6 billion strong. Even more unusual, most of this money is not in bonds or stock in other peoples' companies but is invested directly in church-owned, for-profit concerns, the largest of which are in agribusiness, media, insurance, travel and real estate. Deseret Management Corp., the company through which the church holds almost all its commercial assets, is one of the largest owners of farm- and ranchland in the country, including 49 for-profit parcels in addition...
...will change, they say, when the two automobile companies with large plants in Bedford start requiring employees to shift to managed care and when Medicaid and Medicare begin pushing recipients into HMOs. At that point, if Dunn is to survive, it may have to sell out to a large for-profit chain. Should that happen, Bedford's medical civil war will simply rage on with even greater firepower...
Gray's latest foray into the for-profit world is his new Mars & Venus Counseling Centers, in which therapists pay $2,500 for training in the Mars & Venus "technique," an initial licensing fee of $1,900 for the right to hang out a shingle (and use the logo) as a Mars & Venus counselor, and then a $300-a-month "royalty" payment. Gray says he has acquired his special love insights after years of counseling couples and hearing anecdotes from his fans at book signings and lectures. But he is not a licensed anything other than driver, to which some mental...
...solve its long-term funding problem, HIID established a for-profit consulting arm, ILBE. A large portion of ILBE-Consulting's initial funding came from HIID. Additional funding was provided by the World Bank...