The top three positions at HealthScope will change under The Carlyle Group's and TPG's ownership. Months ago, CEO Bruce Dixon extolled the virtues of private equity underwriters (PEU's). He said:
"It's good timing for the group to go private and be off the front pages for a while, while we try to grow," he said.Apparently, a PEU benefit is upsetting current leadership. In addition to Dixon, HealthScope will get a new COO and CFO. Did leadership get a look at EBDITA targets in light of increased interest expense, transaction and annual management fees? HealthScope executives should understand a bleeding, even pathology, which PEU's have in spades.
"The benefit of private equity is . . . you can fast-track things without upsetting investors."
