Jay Sachetti joined Jeff O’Brien, partner at Husch Blackwell and Dyanne Ross-Hanson, president of Exit Planning Strategies talked about the market for mergers and acquisitions, exit planning opportunities for companies that don’t end up for sale and how companies can maximize their eventual sale price during an early October panel at the first Upsize on Tap event at Summit Brewing Co. in St. Paul.
When the state Legislature passed a law requiring employers to provide paid leave and safe time for employees, Justin Bieganek started hearing differing details from friends, colleagues and peers.
Linda Hall Whitman left MinuteClinic Inc. near the end of 2005, and she says she’s not sure what she’ll do next.
She was CEO during the money-raising stage of the firm, and prepped it for national expansion. The company began in May 2000, offering quick, inexpensive health care for common ailments.
She then became chief operating officer when the board brought in Michael Howe as CEO. He’s a “major retail person” hired to execute the company’s rollout across country, Hall Whitman says.
MinuteClinic has opened outlets in nine states and at 90 locations and counting, and is topping $15 million in revenue. “It’s too small of a company for two CEOs,” she says. Plus, new openings are going so smoothly that they’re “cookie-cutter,” a stage that she doesn’t enjoy.
When will it go public? “Maybe in two years,” depending on the market.
Does she still own shares in the company? “Of course,” she says, with a smile.
Linda Hall Whitman, formerly of MinuteClinic Inc.: 612.659.7111; www.minuteclinic.com
