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MEETHManhattan Eye Ear Throat Hospital
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Changing the sponsorship of MEETH to another interested third party is a possible option, which would require the acquiring party to retire a $37.
Actions taken by management including cash received through the mortgage loan on MEETH have improved LHH's unrestricted cash of investments to $79.
Harry Meeth, Vice President, Design and Construction, Kmart
In addition, MEETH (Lenox Hills' subsidiary, Manhattan Eye, Ear, and Throat Hospital) currently holds a leading market share in plastic surgery, ear, nose and throat services, and ophthalmology.
Kmart also announced that Gregory Morck has been promoted to Divisional Vice President, Store Planning, Fixtures and Design, reporting directly to Harry Meeth, Vice President, Design and Construction, and will oversee the design process of new store construction as well as Big Kmart conversions.
A portion of the operating losses was attributed to volume declines at both LHH and MEETH in interventional cardiology, plastic surgery, and ophthalmology, the impact of drug-eluting stents, and the closure of eight of MEETH's operating rooms for periods of time during 2004.
However, LHH will not be in violation of liquidity covenants as per the bond documents, which exclude the impact of MEETH and do not require adjustments for short-term debt outstanding.
MEETH estimates that it will lose about $4 million in revenues based on existing volumes.
As a value-added distributor, AltTech partners with resellers to provide them with highly specialized product solutions and support packages to meeth the needs of the most demanding end users.