Word: frist
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...last Friday, following an extraordinary board meeting held late into the previous night, when directors wrapped up the terms of the resignations of chairman and CEO Richard Scott, 45, Columbia's visionary founder, and president David Vandewater, 46. The big winner was new chairman and CEO Thomas Frist Jr., 58, a physician whose family founded HCA before Columbia acquired...
...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...
...Frist, who had been serving as Columbia's vice chairman and was growing increasingly disenchanted with Scott's leadership, wasted no time in signaling his willingness to cooperate with federal investigators. Frist said he was "dead serious" about addressing Washington's concerns and would launch at least three internal probes this week to ascertain whether company managers had broken any laws...
...seen FBI agents raiding its hospitals for financial records. Federal investigators told TIME that the resignations of founder and chairman Richard Scott and president David Vandewater will in no way reduce their interest in probing the company's practices regarding Medicare billing and its home-care operations. Dr. Thomas Frist Jr., Columbia's vice chairman, announced he would be taking over the posts of chairman and chief executive officer. The resignations came as the company was considering being acquired by its next-largest hospital competitor, Tenet Healthcare, to form a $30 billion, 500-hospital chain. Both Scott and Vandewater denied...
...week three members of Congress who cover all the organ-donation bases--Senator Mike DeWine, who made the issue his top priority after having to make a split-second decision to donate the organs of his 22-year-old daughter killed in a car accident in 1993; Senator Bill Frist, a surgeon who actually did transplants; and Representative Joe Moakley, who walks the halls of Congress thanks to a donated liver--will launch National Organ and Tissue Donor Awareness Week and celebrate the fact that this year, for the first time, 70 million Americans will get donor cards along with...