Health Midwest: Calendar and News -
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Published on: 9/17/2002
Last Visited: 9/17/2002
Joseph L. Hiersteiner, Health Midwest Executive Vice President and General Counsel, outlined a process to the Board for consideration of these expressions of interest.Interested parties have been asked to submit formal proposals to the Board, which will then evaluate them and make a decision as to how best to proceed.Hiersteiner said the process would take several months.
"Other than the decision to listen," Hiersteiner said, "the Board has made no determination regarding any aspect of this opportunity.With its advisors, the Board intends to proceed thoughtfully and, based upon the information presented, it will decide whether to enter into more advanced discussions," he explained."With the challenges facing healthcare today," Hiersteiner concluded, "there is always benefit to exploring strategic opportunities with well-capitalized companies.In fact, the Board has an obligation to do so, and is moving forward in that spirit."
Unequivocal Commitment to Service
CEO Brown stressed that, in the meantime, it is business as usual at Health Midwest.