People In Brief
This article was originally published in The Gray Sheet
Executive Summary
Polymedica brings in new blood: Patrick Ryan is named president & CEO, replacing Samuel Shanaman, who will continue to serve as the Woburn, Mass. company's chairman. Ryan, most recently chairman & CEO of Physicians Dialysis, will focus initially on repairing Polymedica's Port St. Lucie, Fla.-facility, which lost part of its roof and sustained water damage from Hurricane Jeanne. He also plans to grow the firm through acquisition to offset an anticipated average annual reduction in reimbursement rates of 3% for diabetes products once Medicare competitive bidding becomes effective (1"The Gray Sheet" Feb. 16, 2004, p. 12). Polymedica Liberty Healthcare Group President Stephen Farrell will assume the CFO spot...