Hey losstrader, you are really deprived. So I'll go through it slowly.
During the past year PHG acquired several businesses in the health care industry. One such business is a hospital. Others are home care nursing businesses and nursing agency. Along with those acquisitions come staff....ever heard of staff before. These are the people who businesses employ. And staff are paid what are called wages or employee benefits. Still with me losstrader? In the case of PHG the people who are employed are mainly........nurses. Do you know what nurses do?
Employee benefits were paid overwhelmingly to........nurses.
Very little was aid to directors. Indeed my understanding is that the directors declined to take salaries during much of the recent expansion phase.
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