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Sells Pacific Pulmonary to affiliate of Quadrant Management, which owns Landauer Metropolitan
TEIJIN LIMITED'S recent announcement that it was exiting the U.S. homecare market is a textbook example of the cooling off of a once redhot market, say industry analysts.
"We've seen these guys coming in and going out like a revolving door," said Rick Glass, president of Steven Richards & Associates. "The U.S. is such a big market that it looks desirable to these overseas players and then they get in here and find out it's a little more complicated than that."
Teijin announced in late April that it was selling Braden Partners-better known as Pacific Pulmonary Services-and Associated Healthcare...