A.J. RICE JOINS BEAR STEARNS EQUITY RESEARCH TO COVER HEALTH CARE FACILITIES; RESEARCH TEAM NOW OFFERS BROADEST HEALTH CARE COVERAGE ON STREET.NEW YORK--(BUSINESS WIRE)--March 7, 1996--Bear, Stearns & Co. Inc. announced today that A.J. Rice has joined the firm as a managing director in the Equity Research Department. With expertise in acute care, post-acute care and alternate sites, Mr. Rice covers the facilities segment of the health care services industry. Mr. Rice will also cover funeral services companies. Mr. Rice, an Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. ranked health care services/facilities analyst, has over five years of experience in the field. He joins Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. from C.S. First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. where he was a vice president. Prior to that, Mr. Rice worked at J.P. Morgan for eight years, and in equity research for his last four years there. Mr. Rice began his career as an analyst with the U.S. Defense Department. Mr. Rice holds a B.A. degree in economics from The University of Virginia and an M.B.A. from the Columbia Graduate School of Business. Bear Stearns' health care research analysts actively cover more than 100 companies making the group one of the largest dedicated research efforts on Wall Street. With the addition of Mr. Rice, Bear Stearns' health care research group now includes four Institutional Investor ranked research analysts, more than any other firm on the Street. Bear Stearns' areas of health care coverage include acute care, post-acute care and alternate sites; biotechnology; health care information services See Information Systems. ; hospital supplies and medical technology; managed care services; and pharmaceuticals including generics. Kay Booth, a senior managing director and director of global equity research at the firm, said, "The addition of A.J. Rice completes the Bear Stearns health care research team -- we are excited to now offer expert coverage of the important facilities segment. Our research analysts continue their strategy of maintaining exceptional client focus by providing in-depth coverage of high quality companies. We are very pleased to welcome an analyst of A.J.'s stature and accomplishment to the team." Bear, Stearns & Co. Inc., a leading worldwide investment banking and securities trading and brokerage firm, is the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ). With over $7.1 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, foreign exchange and futures sales and trading, asset management, and custody services. Through Bear, Stearns Securities Corp., it provides professional and correspondent clearing, including securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has over 7,500 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and Washington, DC; and an international presence in Beijing, Buenos Aires, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Hong Kong, Karachi, London, Madrid, Manila, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. CONTACT: Bear Stearns Hannah Burns, 212/272-2395 Mary Flounders, 212/272-4356 |
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