Ventas rebuffs Vencor's reconsolidation idea.After posting a $12.4 million loss in the first quarter, Vencor 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. Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide Kuntz The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. announced a pie-in-the-sky plan for boosting revenues: remerging with Ventas, which owns the hospitals and nursing homes that Vencor runs. The two companies have been operating separately for about a year. While industry observers agree that such a move makes sense for Vencor they doubt shareholders of Ventas, which earned $20.3 million in the first quarter, will agree to it. "From Vencor's perspective, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have the best thing they could do," says Schroder & Co. analyst Charlie Lynch. "Separating them established a large cash payment of rent to Ventas, about half of which, or $100 million, is going out in the form of dividends. Recombining would keep it internal." Ventas CEO Debra Cafaro was quick to criticize crit·i·cize v. crit·i·cized, crit·i·ciz·ing, crit·i·ciz·es v.tr. 1. To find fault with: criticized the decision as unrealistic. See Usage Note at critique. the idea. "The benefits of a remerger would be realized only by Vencor's bank lenders and not by Ventas shareholders," she said. Ventas' claims--at press time in early June, Vencor still hadn't paid its May rent--come before Vencor's $500 million in bank debt and millions of dollars in interest payments on Vencor bonds that are now rated at default. |
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