09 Nov Kaye/Bassman’s Greg Zoch featured in Becker’s Hospital Review “Calling it Off: Why Some Hospital Mergers Fail and Others Don’t”
FOR IMMEDIATE RELEASE:
Kaye/Bassman’s Greg Zoch featured in Becker’s Hospital Review “Calling it Off: Why Some Hospital Mergers Fail and Others Don’t”
Dallas, Texas, 11/9/2011:
Greg Zoch, Managing Partner and a nursing recruiting consultant at leading executive search firm Kaye/Bassman International, is featured sharing his expertise and perspectives in regards to the latest in Becker’s Hospital Review.
Repercussions of a failed merger
There are bound to be repercussions when a deal fails to close. Greg Zoch, managing director with executive recruiting and search firm Kaye/Bassman, says both parties may suffer damaged reputations due to public misperceptions after a failed merger. “If the deal was made public, and then not completed, it begs the question as to why,” he says. Post-transaction communication can be difficult, and both parties should coordinate how they will frame the news in a way that doesn’t harm either organization or insinuate fault or bad faith.
“Essentially, you’re talking about a break up. These two organizations were going to get married and now the wedding is off,” says Mr. Zoch. “People are going to fill in the blanks.” Savvy public relations professionals are crucial to communicate a message effectively and address public and employee concerns. A failed merger might affect a hospital’s standing with physicians, its ability to recruit them, or its good-will in the community. It is also a financially costly process, as organizations spend a large amount of money on the diligence process. Break-up fees, to be paid by the party calling off the deal, can be built into agreements.
Read the full story.
Founded in 1981, Kaye/Bassman has grown to become the largest single-site executive search and recruitment firm in the United States with the simple mission of impacting companies and enhancing careers by providing the finest in professional, executive, technical and scientific search. Kaye/Bassman provides strategic recruiting and executive search solutions in over 20 industry practice areas including construction recruiting, healthcare recruiting, banking executive search, energy recruitment and many more. Next Level Recruiting Training, a recruiting training organization, Next Level Exchange, a recruiting training best practices information exchange, and Next Level Marketing Communications are also Kaye/Bassman companies.
For additional information or a sample copy, contact: