On boards of UCI Medical Center, South Coast Performing Arts Center, South Coast Repertory, UCLA Board of Visitors. This year, joined board of William Lyon Homes, part of replacement group of directors who stepped down last year after OC 50er William Lyon’s first bid to take company private. Arnold Schwarzenegger.īachelor’s in political science from UCLA, attended business school there. Was so efficient, administrative assistants became known as “Higbys.”įormer chairman of New Majority, socially moderate Republican business group. Mentioned in Bob Woodward’s “The Secret Man.” Deep Throat Mark Felt recalled Higby as “most notorious” of administration’s “eager beavers” who pressed FBI for answers to routine questions. Haldeman, President Nixon’s chief of staff. Political career included serving as principal aide to H.R. Negotiated 76 Products’ 1996 sale from Unocal to Tosco for $2.1 billion.
Pre-Apria career includes running 76 Products, oil refining, marketing arm of Unocal. Succeeded turnaround specialist, former OC 50er Philip Carter, who worked to turn around Apria with Higby.Īrrived at Apria through Homedco faction once led by OC 50er George Argyros, who resigned as Apria director in 1998. Touts low-cost operating structure as way to offset cuts.Ĭompany created 11 years ago from combination of Abbey Healthcare Group, Homedco Group. Wall Street likes lower exposure to Medicare, which often bears brunt of budget cuts. Private in-surers make up bulk of revenue. Diverse revenue base with about 39% coming from Medicare, Med-icaid. Has grown company by buying mom-and-pop operations. Provides home drug infusion treatments, respirators, wheelchairs, oxygen tanks, other products.įorgoing salary increase, bonus this year along with other Apria executives amid weaker performance. Higby, well-known in Republican politics, outspoken critic of administration proposal to steer Medicare beneficiaries into owning oxygen gear. President Bush has called for slowing Medicare spending growth in his budget for 2007 fiscal year. Process proved drawn out, complicated by lawsuit, debt, falling profits, Medicare issues.Ĭould face more Medicare-related challenges. Had hired Morgan Stanley to look at sale. In October, dropped effort to sell company. Leader of country’s largest home healthcare company with $1.5 billion in yearly sales. Hobbies include golf, reading: “I spend a lot of time on airplanes, so it’s a good hobby to have.” Holds bachelor’s in mechanical engineering from Valparaiso University in Indiana, business master’s from Lake Forest Graduate School of Management. Garrett, like successor, longtime Beckman chief John Wareham, has businesslike manner coupled with low-key, pleasant personality. Makes centrifuges, DNA, automated testing systems for body fluids, blood cells, compounds. Founder Arnold Beckman died two years ago at 104. More than 200,000 instruments in use worldwide. Founded Garrett Capital Advisors, healthcare investor with Banc One Venture Partners.īeckman has strong reputation, deep history in OC. One of several local medical device bosses to come out of Baxter, including fellow OC 50er Michael Mussallem.ĭid deals between stints at Baxter, Beckman. Served as chief executive of Dade Behring, Beckman rival that evolved out of Baxter in 1990s. Spent about 20 years at Baxter International.
Joined Beckman in 2002 as head of clinical diagnostics. Sees instruments that automate running of tests as key. Faces stepped up competition from rivals. Just came out with pair of workhorse instruments that analysts are praising. Opening Southern California distribution center, reducing suppliers, contracting out some manufacturing. Part of Garrett’s vision that Beckman is one company. Long-term payoff could come from locking lease holders into buying supplies, chemistry kits, services, which account for 60% of yearly sales.Īlso combined company’s dominant clinical diagnostics unit serving labs running tests for doctors, hospitals, with smaller biomedical research arm. Last year, changed way Beckman accounts for instrument leases. Putting mark on county’s largest medical technology company by sales in second year at helm.
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