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Reply #27: Bids for Beverly go to round two, job cuts likely [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-18-05 08:34 AM
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27. Bids for Beverly go to round two, job cuts likely
http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38490.3908725694-835555915&siteID=mktw&scid=0&doctype=806&

NEW YORK (MarketWatch) -- Beverly Enterprises Inc. (BEV) said Wednesday that the initial round of bids to acquire the company was "very robust," and that it identified several groups of potential investors to participate in a second round. The Fort Smith, Ark.-based healthcare services provider said it couldn't provide specific information regarding prices or financing arrangements, and cautioned that it's likely jobs will be cut once a deal is struck. Beverly's stock closed up 5 cents at $12.24 Tuesday.

I guess the need for bedpan changers will diminish as the ever-increasing poverty grips those that need healthcare.
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