Abstract
Diagnostic Health Services, Inc. was a classic failed rollup of the 1990s. A grow-at-all-costs philosophy, little due diligence on acquisitions, no synergies or operating efficiencies resulting from acquisitions, poor financial controls and reporting, operations strung out at great distances, no management attention to integrating the operations, and the list goes on. It worked for a surprisingly long time, but finally the money ran out. It lives today and is making money thanks to an outsider challenging the way things were done and implementing an aggressive restructuring.
- © 2002 Pageant Media Ltd
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