Additional Acquisitions

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Anonymous

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Word is that additional acquisitions in the works. Shouldn't get this merger thing right before we go looking for another company?
 
Call bluff all you want, David Weavil says otherwise. The deal was just approved by the lab being purchased and the deal should be finalized in 2-3 weeks. This will give them GA, AL, and FL.
 
It's no bluff. The board and ESOP for the company has approved the sell and the paperwork is just being finalized now. You should see something in the form of a press release in the next few weeks to a month. David Weavil was present during the company's meeting.
 
Coming soon to NewCoCarilionSpectrum near you:

www.doctorslabinc.com


Doctors Laboratory has a proud history spanning more than 50 years. It is a pathologist- directed organization with a commitment to quality in the practice of clinical and anatomical pathology. Included in the professional staff are board-certified anatomical, clinical pathologists, clinical laboratory specialists, scientists, and laboratory technologists.

Doctors Laboratory, Inc. is licensed by the Georgia Department of Human Resources and the Florida Agency for Healthcare Administration. The laboratory is also certified to provide services under the Medicare and Medicaid programs.

Equipped with state-of-the-art instrumentation, the laboratory is subject to stringent internal and external quality control programs. Doctors Laboratory, Inc. subscribes to proficiency testing programs through the College of American Pathologists, The American Association of Bioanalysts, Abbott Corporation, and the Centers of Disease Control. The laboratory is accredited by the College of American Pathologists, SAMHSA (NIDA) certified, and licensed by the State of Florida for toxicology.
 
Anonymous said:
It's no bluff. The board and ESOP for the company has approved the sell and the paperwork is just being finalized now. You should see something in the form of a press release in the next few weeks to a month. David Weavil was present during the company's meeting.
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Yes and they're trying to steal our esop money.

I'm thankful I've moved on but I want my money.

Crooks.
 
Anonymous said:
Yes and they're trying to steal our esop money.

I'm thankful I've moved on but I want my money.

Crooks.
Click to expand...

Yes and that second payout for the ESOP is running a little overdue. Seems the "around six months" wording means "whenever we want to".

Schedule was:
1st payout: Within 30 days of closing
2nd payout: Around six months pending audit
3rd payout: 18 month from closing

The audit is complete. How about an update on our money?
 
The "update" is that Tom Arena sucker punched you with the whole "we don't want to change your business" baloney! How's that working out for the Billing Dept., Rockey and the Sales team?

Anonymous said:
Yes and that second payout for the ESOP is running a little overdue. Seems the "around six months" wording means "whenever we want to".

Schedule was:
1st payout: Within 30 days of closing
2nd payout: Around six months pending audit
3rd payout: 18 month from closing

The audit is complete. How about an update on our money?
Click to expand...
 
Sour grapes. ESOP money will be paid out according to IRS guidelines and on the IRS timeline; not yours. No changes? Get serious. The Sales Dept was the snooze dept. Much needed changes and new people with enthusiasm and ambition. Billing was a lame duck from the start. Can be easily absorbed elsewhere.
 
Anonymous said:
The "update" is that Tom Arena sucker punched you with the whole "we don't want to change your business" baloney! How's that working out for the Billing Dept., Rockey and the Sales team?
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Idiot. He's gone thanks to Tom and the gang.

The doctors in town don't like the new sales team and are heavily using LabCorp and SGMC.

All the fancy sales staff and tactics in the world cannot replace good customer service and the trust that was built over a 50 year time frame. It's going to be a hard lesson to learn.
 
Anonymous said:
Sour grapes. ESOP money will be paid out according to IRS guidelines and on the IRS timeline; not yours. No changes? Get serious. The Sales Dept was the snooze dept. Much needed changes and new people with enthusiasm and ambition. Billing was a lame duck from the start. Can be easily absorbed elsewhere.
Click to expand...



IRS doesn't hold the ESOP. Just the clearance for the second payment. Updates are all anyone has asked for. No sour grapes, just making sure things stay on the up and up. When we're all paid out, then I could care less how badly they wreck the company or the community relations.
 


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