Steven Swartz, CEO of Hearst, has sent out a letter to staffers explaining what was successful in 2013, and how the company will navigate 2014. It’s the typical “state of the union” note that every CEO pens, filled with phrases like “growth strategy” and “core portfolio.” Still, it’s worth a read.
One section we found interesting is how Hearst is growing in the healthcare sector:
In December, we announced the acquisition of 85 percent of Homecare Homebase, a leader in the field of providing software, data and analytics to the fast-growing homecare and hospice industries. Homecare Homebase, founded and led by CEO April Anthony, becomes the fourth significant company in the Hearst healthcare portfolio, along with First Databank, Zynx Health and MCG. In its first full year under our ownership, MCG, led by President and CEO Jon Shreve, outperformed our optimistic expectations and finished the year with profits up more than 25 percent.
See below for Swartz’s full note.