Saturday, August 9, 2008

James K Happ, NCFE, and WHERE did thisman come from?

Source : ANNUAL MEETING OF STOCKHOLDERS
SEPTEMBER 9, 2003-Med Diversified Inc.

Mr. Happ also served as chief financial officer of the Dallas-based Columbia Homecare Group, Inc., a home care company with more than 500 locations nationwide and more than $1 billion in revenue in 1997. In this role, he directed the company through the challenging reimbursement climate, known as the interim payment system, and participated in the divestiture of all of Columbia/HCA's home care operations.

Funny,,,,,He left Columbia/HCA and went to NCFE for a brief stay....but what was his purpose to be at NCFE. After all, he was only there for a BRIEF stay, until.....

SMELL A RAT????

Let's look at this:

Happ: 1997 Chief Financial Officer of the Dallas-based Columbia Homecare Group, Inc., /////more than $1 billion in revenue in 1997!!
What was the revenue in 1998? After the Health Care Reform Act was passed in 1997)

What was the Stock Price of the parent company of Columbia Homecare Group, Inc.,, i.e. HCA in 1997, 1998, 1999? How did the market react to the announcement of the "HOMECARE" selloff of HCA's Columbia Homecare Group, Inc.,?

But the bigger question, To Whom did James Happ sell this "HOMECARE" division to? And how did he secure the "FINANCE" for the "DIVESTITURE"? The divestiture that he claimed credit for?

Once again, "In this role, he directed the company through the challenging reimbursement climate, known as the interim payment system, and participated in the divestiture of all of Columbia/HCA's home care operations."

Now this is where it starts getting very interesting!

OK.....Happ leaves HCA, after selling off the LOSING HOMECARE FACILITIES via NCFE FUNDING...for which that compnay filed Bankruptcy July 1999.

How did a company with more than $1 billion in revenue in 1997 sell in 1998 to a compnay that filed bankruptcy in 1999 with NO RECORD of the actual amount paid for these LOSERS or FINANCED BY NCFE and family!!!

And the DOJ states this CASE has come to an END? I think not!

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