IPO didnt have to raise $100 million. thats the value of the...

IPO didnt have to raise $100 million. thats the value of the company. The companies were looking to raise $20-40million and giving up 20% of the company to the public.  That should have been easy.

Health can be a good little business in the area that Lincore provides technology. hills nurse call business was a disaster.  Lincore knew that the pie would be expanding and it wasnt important what the entrance metrics were, it was the exit that would be good for all.

Ask yourself why hills health and lincore entered into a 50/50 merger if lincore's revenues were 1/4 of hill health? its because they had the technology and growth engine. JHL is a fool.