Healthcare >> Sector Roundtables >> May 13, 2002

Roundtable Forum: Healthcare Facilities

MICHAEL YELLEN is a Senior Portfolio Manager for AIM Capital Management, Inc. He is the lead manager of the AIM Global Heath Care Fund and is also involved with the management of AIM Charter Fund, AIM Select Equity Fund and AIM V.I. Growth and Income Fund. Mr. Yellen joined AIM in 1994 from INVESCO (NY), Inc., formerly known as Chancellor LGT Asset Management, Inc., as an Investment Analyst for healthcare industries. He also had primary responsibility for the GT Applied Science Fund and the GT Healthcare Fund, both offshore funds, until assuming his present responsibilities with AIM. He began his career at Franklin Resources, Inc., as a Senior Securities Analyst. Mr. Yellen holds a Bachelor of Arts degree from Stanford University. Profile
JOHN HINDELONG is a Managing Director of Credit Suisse First Boston. Prior to joining the company, he had been employed by DLJ from March 1989. Mr. Hindelong received a Bachelor of Science degree in Accounting from St. Peter's College and an MBA from Fairleigh Dickinson University. Profile
Frank G. Morgan, CFA, joined RBC Capital Markets as a Managing Director in November 2008. Based in Nashville, Tenn., Mr. Morgan dedicates his current research universe to facility-based health care services, including acute-care hospitals, senior living services, including skilled nursing and assisted living, and a range of specialty service providers, including institutional pharmacies, hospice care, long-term acute care, rehabilitation and behavioral health services. Mr. Morgan has earned recognition as a master stock picker in The Wall Street Journal's "Best on the Street" survey, and he was named a blue-chip analyst in the medical care sector by and Zacks Investment Research. Mr. Morgan has been named to the Nashville Business Journal's "Healthcare 100" list and his views on health care have been quoted in The Wall Street Journal, Modern Healthcare, BusinessWeek, Forbes, The New York Times, the Financial Times and many other financial publications. He has appeared on national TV and radio programs, including CNBC, Bloomberg Television and Radio, "Marketplace" as well as NPR's "Morning Edition" and "All Things Considered." Mr. Morgan has 24 years' experience in equity research and investment banking, primarily in health care services. Prior to joining RBC Capital Markets, he was a Managing Director and Senior Analyst at Jefferies & Company, Inc., and he was a Partner and Senior Analyst with J.C. Bradford & Co., where he covered facility-based health care services. Mr. Morgan previously served as a member of the Alabama State Healthcare Planning and Development Council Certificate of Need review board as well as the State Health Coordinating Council. He holds a B.S. in microbiology and an MBA from the University of Alabama. Profile
B. KEMP DOLLIVER, Managing Director at SG Cowen Securities Corporation, follows facilities-based healthcare services companies, including the acute care, rehabilitation, assisted living, clinical laboratory and pharmacy benefit management industries. Mr. Dolliver is a member of the healthcare/hospital management team. Previous employment was at TradeStreet Investment, Aetna Life & Casualty and Dean Witter Reynolds. He received a BS in Commerce from the University of Virginia and an MBA from the University of Virginia's Darden School. He is a CFA. Profile
ADAM FEINSTEIN is a Vice President in Equity Research at Lehman Brothers, where he covers as well as coordinates the firm's healthcare facilities research team. Mr. Feinstein was recently ranked as a member of the 2001 Institutional Investor All America Research Team in the healthcare facilities category. In addition, he placed fourth (out of 35 analysts) in the healthcare facilities category in the 2001 Greenwich Associates Research Survey. He was previously employed by Salomon Smith Barney and Standard & Poor's Corporation. Mr. Feinstein is a CFA and is a member of NYSSA and AIMR. He graduated from the University of Maryland at College Park with a BS in Business Management. Profile
TWST: Mike Yellen, how well have the stocks of the publicly

traded hospitals and other providers of healthcare facilities

rewarded investors over the past 12 months?

Stock Performance