People In Brief
This article was originally published in The Gray Sheet
Executive Summary
Polymedica CFO: Former Physicians Dialysis CFO Keith Jones assumes title at chronic disease management company Feb. 14. The move reunites Jones with Polymedica's new President & CEO Patrick Ryan; the duo co-founded Physicians Dialysis, where Ryan was CEO until DaVita purchased the company in September 2004 (1"The Gray Sheet" Oct. 4, 2004, p. 21). Prior to working at Physicians Dialysis, Jones worked as chief accounting officer/corporate controller for Renal Treatment Centers, which Renal Treatment Care purchased for $1.1 bil. in 1998. Jones replaces Fred Croninger, who becomes VP-finance & administration...
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People In Brief
Polymedica brings in new blood: Patrick Ryan is named president & CEO, replacing Samuel Shanaman, who will continue to serve as the Woburn, Mass. company's chairman. Ryan, most recently chairman & CEO of Physicians Dialysis, will focus initially on repairing Polymedica's Port St. Lucie, Fla.-facility, which lost part of its roof and sustained water damage from Hurricane Jeanne. He also plans to grow the firm through acquisition to offset an anticipated average annual reduction in reimbursement rates of 3% for diabetes products once Medicare competitive bidding becomes effective (1"The Gray Sheet" Feb. 16, 2004, p. 12). Polymedica Liberty Healthcare Group President Stephen Farrell will assume the CFO spot...
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