The medical community of Kansas City, Missouri was home to Menorah Medical Center, and suddenly became home to a somewhat intense and competitive bid for the hospital. Mr. Grief, who has served countless hours with his position on the Board of Directors for over 17 years, was elected Chairman of the Board in 1992. Lee Greif was elected as the Chairman of the Board for Menorah Medical Center in a series of changes that were aimed at helping the company, who was seeing some financial trouble. In the five years previous to 1992, Menorah Medical Center had lost $10 million dollars; the $2 million a year loss was unacceptable, and some changes had to be made.
Due to the fact that the hospital was losing money, some changes were made and these changes were more than just a ‘changing of the guard’ for the position of Chairman of the Board. A new management team was brought to the company in 1992. The purpose of this board was to seek out potential partners for the hospital. While the hospital wanted to sell, it also wanted to continue work with the buyer so that the community could continue to have a Jewish hospital for those who wished to have a hospital that matched their religious beliefs and needs.
News spread around the community and medical field as to the situation at Menorah Medical Center. At first, the company planned to approach the companies that it wanted to talk with, in hopes of getting a bid. After the word of the bids began to spread, companies began to come in with unexpected and unprovoked bids. Columbia, the large, powerhouse-type company, came in with an unexpected bid; the bid should have been somewhat expected, however, as the company had no stake in the Kansas City market. As more offers began to come in, it became obvious that a bidding war had begun and suddenly made the Kansas City market a competitive one.
Many who were paying attention to the bidding war saw the two other major bids, by Health Midwest and St. Luke’s, as an obvious attempt to keep Columbia out of the Kansas City Market. Health Midwest managed to win the bid, making a deal to buy the 430 room hospital, but to create a new, 200 bed hospital in conjunction with Menorah to continue the Jewish tradition on the other Menorah Campus.
After the sale of the 430 bed Menorah Medical Center, the Jewish Heritage Foundation was born. Lee Greif served as the first Chairman of the Board, and continues to serve for the impressive and successful foundation. In the last year, the Jewish Heritage was able to hand out grants to nearly 100 local charities in the area. While many people had a hand in the creation of the foundation, Mr. Grief’s work as the Chairman of the Board, guiding the hospital to a sale, helped to make the foundation, and the success of the hospital’s bid search, possible.
September 30th, 2008
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announcer1
General, Business, Health, Medicine
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The medical community of Kansas City, Missouri received a massive jolt, starting in 1992. Menorah Medical Center, a 430 bed Jewish hospital, found itself in financial trouble. Over the five years previous to 1992, the hospital lost around $10 million. This averaged to $2 million in losses per year, a streak that needed to be stopped in order to save the hospital and those connected to it financially. In 1992, Lee Greif was elected to serve as Chairman of the Board. Mr. Grief has served on the Board of Directors for the Menorah Medical Center for over 22 years, and assumed the position after the losses had occurred.
Through the eventual sale of the Hospital, Mr. Grief started the Jewish Heritage Foundation, as a portion of the money from the sale went to the creation of the foundation. As the first chairman of the Jewish Heritage Foundation, Mr. Grief set off what is considered an incredibly successful foundation, and he continues to serve on the board today. Thanks to the sale of the hospital, the foundation was able to hand out around 100 grants to local charities in the last year alone. This was all thanks to Mr. Grief’s volunteer work and his impressive work as Chairman of the board.
The Menorah Medical Center was losing money, and there was no end in sight. The hospital wanted to continue, as it was the haven for those who wanted to be helped at a Jewish hospital. The hospital was losing that average of $2 million a year, however, and something needed to be done to correct the issue.
The bids began to pour in once it had been made public that Menorah was seeking out a partner. While many of the companies were approached by the hospital in hopes of reaching an agreement, a few bids came in without a request from the hospital. Columbia, a larger, powerhouse-type company without a hospital in the Kansas City market, came in with an unexpected and unprovoked bid. After Columbia made their bid public and sent their letter of intent, a bidding war began to unfold in a suddenly competitive Kansas City market.
The hospital was sold, and some of the money from the sale helped to fund the Jewish Heritage Foundation.
September 29th, 2008
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announcer1
General, Business, Health, Medicine, Small Business
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Mr. Grief is well known in the medical community of Kansas City, Missouri, due to his volunteer work. Grief volunteered countless hours as he served on the Board of Directors of the Menorah Medical Center for over 17 years. Menorah Medical Center was a 430 bed hospital that found itself in some trouble. Grief served as the Chairman of the board for Menorah Medical Center for two years, starting in 1992. When Mr. Grief was elected to the position, the hospital was running into some financial trouble. The hospital lost $10 million dollars during the five years leading up to the beginning of grief’s tenure as Chairman of the board.
Mr. Grief also served as the first chairman of the Jewish Heritage Foundation. Mr. Grief continues to serve on the board; the foundation has been incredibly successful, and in the last year, handed grants to around 100 local charities in the Kansas City Area. What really is astonishing about all of Mr. Grief’s volunteer work, however, is what he managed to do as chairman of the board.
Mr. Greif managed to attract a bid from a public company with deep pockets. Columbia hospital system. This prompted a bidding war broke out in the already competitive market in the Kansas City area.
. Both Health Midwest and St. Luke’s Health System offered bids that asked them to consider joining their own system. This was a bright spot for Mr. Grief and the board, as they were looking to be able to keep a Jewish heritage type of hospital in the area.
Many saw the bids by both Health Midwest and St. Luke’s as an attempt to keep Columbia out of the market in the Kansas City area. Eventually, Health Midwest won the deal. The 430 room hospital was to be merged and closed, and a new 200 bed hospital was to be built on another Menorah Campus.
Lee Greif managed to create a sudden profit in the hospital, and managed to sell it for $29 million while keeping the tradition of a Jewish hospital in the area. His work as Chairman of the Board for Menorah was widely considered an impressive success.
September 24th, 2008
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announcer1
General, Health, Medicine
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Kansas City, Missouri was not necessarily known as a competitive market in the hospital and medical field. Once news broke out of the intentions of Menorah Medical Center, however, that all began to change. Menorah Medical Center was a 430 bed hospital that had found itself in a bit of a financial bind. In 1992, Mr. Grief was elected to serve as the Chairman of the Board in broad attempt to help, or sell, the hospital. In the five years previous to Mr. Grief’s service, the hospital had lost $10 million. This loss needed to be stopped; Mr. Grief, who has served on the Board of Directors for the Menorah Medical Center for 17 years, assumed the position in order to attempt to help the hospital.
The Menorah Medical Center was losing money at a rate of approximately $2 million a year. The hospital wanted to continue, as it was known in the community for being the Jewish hospital, for those who wanted a hospital in line with their faith.
Once the public and industry became aware of Menorah Medical Center’s willingness to seek a partner, the bids began to come in. The goal of the hospital was to approach other companies in the medical and hospital field to attempt to sell or merge the hospital. While they did go out and request some bids, there were some bids that came in from those companies who had not been contacted. Columbia, a known powerhouse in the medical field, lacking a stake in the Kansas City Market, was one of those companies. When Columbia made their unexpected and unprovoked bid, the bidding war began to take shape.
. Health Midwest, a company that already had a stake in the market, came in and captured the winning bid; while buying the hospital, they would merge with the Menorah Medical Center to open op a new Jewish center on the other Menorah Campus. This 200 bed hospital would be built as the old 430 bed hospital was slowly taken out of commission.
Through the sale of the Hospital, the Jewish Heritage Foundation was created. A portion of this money came from the sale, and Lee Greif was the first chair men of the board. The board hands out grants to charities, and recently handed out over 100 grants to local charities in the last year. The foundation has been considered a success, helping the community in multiple ways. This was partially thanks to Mr. Grief’s volunteer work and his impressive work as Chairman of the board.
September 24th, 2008
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announcer1
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Most acne products sold over the counter have a one size fits all mentality behind them and for those wishing desperately to be acne free; the products seem like a good idea. On the surface, the product will promise to reduce or eliminate acne, but what the products don’t tell the consumer is results will vary according to skin type, tone and whether or not the individual has severe acne or not.
July 1st, 2008
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rowena
General, Health, Medicine, Mens Health, Womens Health, Acne, Beauty
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The most useful vitamins of all are vitamin C. From the days of scurvy, people have recognized its importance. Vitamin C has many benefits you may already be aware of including a essential role in the production of collagen, an ability to help the healing of wounds, has an ability to boost your immune system, protects artery linings, and it may help in the prevention of cataracts. It is also reduce the colds, cut down on dangerous free radical and help in any other ways.
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December 4th, 2007
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Cristina
Health, Medicine, Vitamins, Womens Health
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