PhyCor considers options. (Short Takes).In the wake of a sharp decline in its stock price, PhyCor Inc. is reportedly considering going private. The company's stock price has lost three-quarters of its value over the past year--plunging from more than $2 billion to around $500 million. Joseph C. Hutts, the firms CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , told reporters that about a half a dozen investment firms have approached him to discuss an investment or leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. for the physician practice management company. Hutts said that his firm is listening to the proposals and evaluating its options. He commented that the company is really in good shape, but that with the stock at this level going private is an option. The physician practice management sector has fallen out of favor on Wall Street after a number of PPMC PPMC Physician Practice Management Companies PPMC Processor PCI Mezzanine Card PPMC Pearson Product Moment Correlation (Coefficient) PPMC Precambrian, Paleozoic, Mesozoic, Cenozoic (geological time scale) firms posted declining earnings and reported troubles in continuing their rapid growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. . |
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