Healthcare CEO Pay: These Major Executives Raked In Millions In the year 2015 After Deals, Involving Inversions

Pay for chief executives at few of the largest corporations in the U.S. dipped 3.8% last year, but healthcare executives emerged from that slowdown relatively unscathed. For various highest-paid executives in the industry, the tens of millions of dollars — or more — they got in compensation followed special deals or were tied to strange circumstances, in accordance to a new analysis by Modern Healthcare.

Some of those greatest-paid healthcare executives oversaw mergers and acquisitions of the variety that have generated primary controversy in recent months, for their roles in permitting companies to ignore U.S. taxes or to possibly increase drug prices.

Joe Kiani, the founder and CEO of medical technological company Masimo, raked in $119.2 million in the year 2015 — the largest amount for any executive at an investor-owned healthcare company, in accordance to Modern Healthcare's analysis. Of that, $111.9 million came from shares of limited stock in the company that Kiani would get under certain circumstances; one reason would be if Kiana were fired, and others involved his relocating from Southern California for the company's sake or control of the company changing hands. In the year 2014, Kiani earned $4.5 million.

Humana to acquire Medicare Advantage HMO MD Care

By:

Chris Anderson

Humana Inc. announced today an agreement to acquire Southern California’s MD Care, a Medicare Advantage HMO with approximately 15,000 members.

When completed the deal will add to Humana’s existing book of MA business in California where it has more than 200,000 members. MD Care’s 2010 revenue was $155 million. Terms of the agreement were not disclosed

“As Humana continues growing its Medicare business in the western U.S., MD Care offers an opportunity to expand our Medicare footprint and the suite of products and services we offer in California,” said Thomas J. Liston, senior vice president of senior products for Humana in a press release announcing the deal.

Four-year-old MD Care currently offers Medicare beneficiaries a choice of Medicare Advantage plans that serve as an alternative to traditional fee-for-service Medicare. MD Care’s medical plans include two Medicare Advantage plans including a special needs plan, and Medicare Part D insurance for prescription drug coverage. MD Care’s market area includes all of Los Angeles County and Orange County; and select zip codes San Bernardino County and Riverside County.

According to company information, MD Care’s medical delivery model focuses on preventive care, health maintenance and access to health services, which are safe, evidence-based and quality driven.

The transaction is subject to both federal and state regulatory approvals and is expected to close in late 2011. Humana’s acquisition of MD Care is not expected to materially impact the company’s financial earnings this year.

Spice Industrial Inc. Recalls Lian How White Sesame Seeds Because of Possible Health Risk

Contact:
Spice Industrial Group Inc.
Tel: 626-854-8880

FOR IMMEDIATE RELEASE - March 15, 2010 - SPICE INDUSTRIAL GROUP INC., of City of Industry, Ca is recalling LIAN HOW WHITE SESAME SEEDS supplied by Specialty Commodities Corp. distributed from November 6 to December 11, 2009, because they have the potential to be contaminated with Salmonella, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis. For more information on Salmonella please visit the Centers for Disease Control and Prevention's website at http://www.cdc.gov¹.

Spice Industrial Group Inc. was notified of this contamination by our supplier, Specialty Commodities Corp. To date no illnesses have been reported to Spice Industrial Group Inc.

The affected Lian How White Sesame Seeds packaged in 5lb white plastic bags with Specialty Commodities Corp. labels were distributed to retail markets, restaurants and wholesalers in Southern California between November 6, 2009 and December 11, 2009.

Consumers who have purchased this item are urged to return them to their place of purchase. Consumers with any questions may contact Spice Industrial Group Inc., at 626-854-8880 between the hours of 10am-5pm PST Monday through Friday.

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