No, but the cost per radiologist's output/revenue contribution might be a useful check against overpaying for the asset.
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I was talking about the cost per working radiologist of which Infratil said there were 90. With an enterprise value of $867m seems like an incredible price to pay to me. I am sure there are other staff, expensive equipment and government contracts but these can move over time or become obsolete.
Lissica's point is valid too, what's to stop a number of those radiologists that had 1-2% shareholdings leaving and investing their proceeds in founding a competitor?
Scale. Their retention of 40% shareholding - IFT's track record promises future rewards. Possibly non-compete.Quote:
Lissica's point is valid too, what's to stop a number of those radiologists that had 1-2% shareholdings leaving and investing their proceeds in founding a competitor?
After fees and $350m for pacific radiology....infratil still has around $1.5b from selling Tilt.
$3billion sales... infratil owns 66%
Plenty great assets waiting to be bought....wonder what else they are going to buy? Or are they paying off the debts?
To be an excellent company, they need a great management. U pay peanut, u got monkeys to run the company. Recent example: Aunty Jayne from ATM
Got any reliable, unbiased evidence to support that outdated mantra? I recall John Key bleating it just before appointing that nincompoop to head the christchurch rebuild thingy (he was fired not loo long after). Google how much that fonterra CEO fellow (Theo??) was paid whilst he quietly demolished farmers' wealth.
I'm keeping my IFT shares but I have no idea if the mgmt represent value. Will they give it all back if the share price plummets? And if they took half as much or twice as much would I admire them less or more? Who knows and that's largely the point, there is no control group, no reliable measure. Just vested interests making broad pronouncements.
Once again. If there hadn't been Morrisons, there wouldn't be Infratil. If you don't like the management terms, sell the shares. I'm keeping mine - which have performed royally, despite the fees, since the IPO.
Jenny Ruth has good piece in Businessdesk about the perils of dealing with govt agencies.
Infratil can't have got the memo: beware of doing business with government agencies.
It plans to pay up to $350 million for a majority stake in Pacific Radiology, a company that depends on ACC for 34% of its revenue and on district health boards for another 15%.
https://businessdesk.co.nz/article/o...nment-agencies
Might be psywalled
I don't see it as an issue really. With or without acc or district health board ... people still need the service.
Acc paid.. because work related injuries....it won't stop unless workers stop paying acc levies
Health is more important... people will pay...no other services that can provide you x-ray...utrasound....