PYA Managing Principal of Strategy & Integration David McMillan was recently quoted in “Some Healthcare Companies Keep Their Exes Close.” This Modern Healthcare article explores the details of, and motivation behind, investor-owned health insurers and hospitals engaging former CEOs.
Article Excerpt:
Such deals may be struck in part to add teeth to noncompete agreements that preclude those CEOs from working at similar companies in the years immediately following their employment, said David McMillan. . . . Noncompete agreements tend to be difficult to enforce, and adding pay into the mix strengthens them, he said.
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