CCS Medical from Pharma?

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Anonymous said:
Highland Capital is a lender of money, they're one of the largest in the country, they are not in business of selling medical supplies nor do they want to be bothered with it. Highland Capital's only concern is getting back the money they lost with CCS Medical through the bankruptcy. They are trying to liquidate as much of the company as possible to try and get back some of the money they lost.
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Agree 100% with the observation to "liquidate,” however; There are two Highland Capital(s) out there, one is Highland Capital 'Partners' LLC in MA, who by virtue of their corporate listing invest, advise, and provide "seed" money to up-coming potential profitable companies — lend money globally. They are big, global in fact, with names like: Ask Jeeves, New York Times Digital, eToys, Boston Communications Group, Appex, Avid Technology, Nations Healthcare, Odyssey Health Care, Fidelis Secure Care, etc.

The other is like a Bain Capital, "Highland Capital Management L.P." the one who "owns" CCS.

They do not lend the money; they acquire the assets and the business model of companies (distressed for control private equity firms) like the 100% Ownership of American Home Patient, CCS Medical, and others. As Mr. Dondero President of Highland, was quoted in September 2011 "CCS Medical is a privately held company and its largest shareholders are funds managed by Highland Capital Management, L.P." James Dondero, President and co-founder of Highland, said, “We are excited to bring a leading company like CCS Medical to Dallas-Fort Worth. North Texas’ dynamic business environment will help the company continue its leadership in the home medical supplies and services market.” Note the reference to “BRING to…Texas’ dynamic business environment…” and nowhere else; is it a coincidence, or a hint as to the future of the other locations? Denver, Tampa, Atlanta know their fate, the others…well.

They are in the business of selling medical supplies, as well as, anything else they leverage and acquire through their distressed for control private equity procurement business model to make money for their shareholders. Buy it cheap, continue to make money (drain it), downsize it (do more with less), then sell or liquidate and offset other ventures’ profits though tax breaks.

Bottom line is; they want to get as much money back as they can, before selling off the "asset" or liquidate it, as you stated.
 












Many in Clearwater feel the same way. We are tired of being lied to and the morale sucks of course due to knowing we will eventually be phased out.

It is very hard to be motivated (yes we are being paid) however, knowing our days are numbered it is a miserable feeling. Morale sucks, many no longer care (who can blame them) and we just want TX to close the office down. Give employees their lay off notice. Preferably now, instead around the holiday season.

Yes, of course employees are looking for a new job, but it takes time and with the ridiculous kindergarten point system at CCS and difficulty of scheduling PTO at a quick moments notice, this makes it difficult to go on interviews.

Just close the office and be done with it. Quit dragging it on and being deceitful to the employees who you (CCS Management) are only 'using' until TX can get thier sh!t together and learn how to do the work. If you had hired intelligent, experienced people (your TX state paid money incentive new hires at a profit to CCS) you would not have needed this long to transfer operations to your new huge fancy so called 'professional' business office.
 






Don't think that means you will still have a job in Roanoke.
Clearwater was told the same exact thing a few months ago but it was only to benefit Texas because the ones told have lost their jobs. Other job functions and positions are also being phased out.
Management and especially the visitors from Texas (many from IT i.e, system programers) lie lie lie like the sleezy scum sucking sewer rats that they are.
 



Anonymous said:
Don't think that means you will still have a job in Roanoke.
Clearwater was told the same exact thing a few months ago but it was only to benefit Texas because the ones told have lost their jobs. Other job functions and positions are also being phased out.
Management and especially the visitors from Texas (many from IT i.e, system programers) lie lie lie like the sleezy scum sucking sewer rats that they are.
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Did Texas every/is ever going to open a distribution ceneter?
 



Anonymous said:
Can someone tell me if moving to CCS medical from big pharma is a good move? The base and bonus are slightly better and I would get a car allowance. Do the DM's do monthly ride-alongs like in Pharma? How is their training? ANY ADVICE IS APPRECIATED!!!! Thanks!
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Stay in Pharma and find a better gig. CCS is a fucken joke! At least in pharma you sell to doctors and not some fucken borderling retarded medical assistant. Be patient and find a more prestigious environment to sell in. Unless of course you are boderline retarded yourself!
 












Anonymous said:
Um, that's an OSHA issue that CCS Medical has gotten away with for a long time. Texas doesn't want more lawsuits.
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BINGO! Correct You are! Besides, warehouses and distribution centers do not need local front office personnel, it can, correction...WILL, all be done from the central office — Branch Forbes, Texas, with the new computer software which Zeke and friends have so busily been working on in order to eliminate as many peeps as possible and keep their profits and of course their BONUSES UP (I mean have you checked out the numbers of I.T. people this company has on their roster?). Also as you said, they sure don't want any more lawsuits, after all their 'General Counsel' (corporate lawyer) quit two months ago, just after 6 months on the job....makes you ask why, doesn’t it?
 



And I'm sure those steel toe shoes/boots are the highest quality most expensive brand CCS can find. Cough, cough straight from the Salvation Army!

You may also call them Texas shit kickers - literally!
 



Clearwater has a meeting that losing the caremark account has nit affected payroll, then proceed to cut pharmacist hours. Keeping personell who have proven they are inferior. Just setting themselves up to fail. Management is either clueless to who is actually doing the work or just don't give a fuck. I am guessing a little of both!
 



Anonymous said:
LOL! Definitely not a Dirk comment, but I could definitely see Stan using that term, even thought he was too much of a coward to take questions on the conference call yesterday. As for the typos just proves it was someone from Texas... it was written George W. style. Way to go on the new WC comp plan. We could hardly see the slight of hand making device commissions disappear while you made it look like WC was being rewarded. Anyone with any business sense can see that it is just an attempt at pacifying us and beef up their pockets before we are sold and most likely all out of jobs.
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Looks like this person wasn't only right, but it has gotten worse. More than device commissions have disappeared. Makes me wonder if it was the plan all along? Hard to believe they just caught it the day before pay out?? There is not an honest person in Texas.
 



Anonymous said:
Clearwater has a meeting that losing the caremark account has nit affected payroll, then proceed to cut pharmacist hours. Keeping personell who have proven they are inferior. Just setting themselves up to fail. Management is either clueless to who is actually doing the work or just don't give a fuck. I am guessing a little of both!
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HA!HA!HA!HA!HA!HA!:):):):):):):):):):):):):):):):):):):):):):):):) Plain and simple Management has always been clueless that's why they don't give a fuck.
 



Anonymous said:
It's a matter of time. They have an agenda that has a time-line component. This timeline has been observed so far. Texas and 'Zeke' Zucolli have been following it to a tee. The bottom line is to do away with 200 positions and $8 MM in payroll reduction by September 2012. Tampa is now an empty building. This was the only 'owned' building and land, which they are now trying to sell...good luck with that. Highland Capital LP is just doing what all "distressed property" investors do...get the asset to bring in as much cash as possible in the quickest amount of time after a Bankruptcy release, and then CLOSE it and move on. So...'it's a matter of time.'
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you either know something or are blowing smoke, we will see next week. It is Sept and see if they close anybody
 



Anonymous said:
you either know something or are blowing smoke, we will see next week. It is Sept and see if they close anybody
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Don't know about the "know something" line, perhaps that’s true but the "blowing smoke" smug comment definitely does not apply. After all 3 sites have BEEN closed so far; that's a FACT. The person did say in the original post that the goal was to trim payroll by 8 mil and headcount by 200. That has been done. Hope they've reached their 8 million dollar savings goal in payroll; otherwise someone else is going to be "thinned out" soon. Whether it is in September or beyond who really knows. But be assured, there is a timeline for their total goal.

Another commenter said that CCS is buying boots (steel toe work boots), an OSHA requirement I may add, and therefore it was safe to say no one is going away. Let's consider a bit of history. Tampa spent a lot of $$$ (more $ than for boots) in a build out for a 'new' business unit with testing capabilities, super security, and all. That should have been a 'sign' that all is good and no one would loose their job...right? Well, no not really. Only after 6 months in operation, Texas decided to nix the business. 6 months after THAT the actual Tampa site was CLOSED, which is owned by CCS; not leased. So "steel toe work boots" really should NOT be taken as a sure sign that anyone's job is safe.

Also, remember that the reason Clearwater kept their warehouse was due to some paper mix-ups and contract obligations that stopped the original move to THE centralized distribution center in Texas for that moment in time. Once all is cleared the move will come. That’s NOT BLOWING SMOKE, it’s a fact, bank on it. As the originator said it best..."it's a matter of time."
 



Anonymous said:
Don't know about the "know something" line, perhaps that’s true but the "blowing smoke" smug comment definitely does not apply. After all 3 sites have BEEN closed so far; that's a FACT. The person did say in the original post that the goal was to trim payroll by 8 mil and headcount by 200. That has been done. Hope they've reached their 8 million dollar savings goal in payroll; otherwise someone else is going to be "thinned out" soon. Whether it is in September or beyond who really knows. But be assured, there is a timeline for their total goal.

Another commenter said that CCS is buying boots (steel toe work boots), an OSHA requirement I may add, and therefore it was safe to say no one is going away. Let's consider a bit of history. Tampa spent a lot of $$$ (more $ than for boots) in a build out for a 'new' business unit with testing capabilities, super security, and all. That should have been a 'sign' that all is good and no one would loose their job...right? Well, no not really. Only after 6 months in operation, Texas decided to nix the business. 6 months after THAT the actual Tampa site was CLOSED, which is owned by CCS; not leased. So "steel toe work boots" really should NOT be taken as a sure sign that anyone's job is safe.

Also, remember that the reason Clearwater kept their warehouse was due to some paper mix-ups and contract obligations that stopped the original move to THE centralized distribution center in Texas for that moment in time. Once all is cleared the move will come. That’s NOT BLOWING SMOKE, it’s a fact, bank on it. As the originator said it best..."it's a matter of time."
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Maybe Texas needs to buy everyone some "hard hats" so were oblivious to their bullshit!
 




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