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Company News Features & News

Courtesy: Globus Medical, Inc.
Courtesy: Globus Medical, Inc.

Score: Common Sense 1: High Priced Auditors 0

Rock, meet hard place. Or in this story, KPMG meet Globus. Auditing giant KPMG has declined to continue as Globus Medical’s auditing firm. Why? There were no issues with the number or accounting policies. The issue, we suspect, was that Globus is frugal and would not pay a premium for the big time brand name. Score one for common sense.

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New King of the Ambulatory Surgical Jungle

Image created by RRY Publications, LLC / Source: Wikimedia Commons
Image created by RRY Publications, LLC / Source: Wikimedia Commons

For 40 years, ambulatory surgical centers (ASC) have been an oasis for surgeons who want to own their own means of production, control their practices and realize the financial benefits of owning facilities. But on March 23, 2015, Tenet Healthcare became the King of a fragmented ASC jungle as “Big Health” begins the march towards consolidation.

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Lukianov

Alex Lukianov / Courtesy of NuVasive
Alex Lukianov / Courtesy of NuVasive

Alex Lukianov, former CEO of NuVasive has left the building. The news is both sobering and surprising. We have great affection and admiration for Lukianov so we know these are very difficult times for all concerned. On another level, however, this prompts some reflection about the broader issue of leadership.