Healthcare >> Sector Roundtables >> August 24, 1998

Roundtable Forum: Long-term Care / Assisted Living

ROBERT MAINS is a Managing Director at Advest, Inc., covering Healthcare Services. He was previously associated with First Albany, Drexel Burnham Lambert and Andersen Consulting. Mr. Mains is a member of AIMR and he is a Chartered Financial Analyst and a Supervisory Analyst. He received a BA in Applied Math from Yale University and an MBA in Finance from Rensselaer Polytechnic Institute. Mr. Mains is married and has two. In his leisure he enjoys spending time with family, running, bicycling and baseball. Profile
JEAN L. SWENSON is a Director with Credit Suisse First Boston. Previously, she was associated with Deutsche Banc Alex. Brown and Merrill Lynch. She holds a Bachelor's degree from the State University of New York at Albany and an M.B.A. from Fordham University. Ms. Swenson includes golf, skiing, and cooking among her personal interests. 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
DAVID LEIKER leads research efforts in covering the automotive sector at Robert W. Baird & Co. Mr. Leiker rejoined Baird in 1997 after nine years at Cleary Gull Reiland & McDevitt, Inc., and two earlier years at Baird. He was named runner-up in the Reuters Institutional Investor survey in the autos and auto parts industry among boutique investment firms; in 2002, he was selected for The Wall Street Journal's Best on the Street Analyst Survey for autos and auto Parts; and he was named among the top-10 analysts in The Reuters Survey for US larger companies in the automobiles and components industry. He received a BSBA degree in Finance from Creighton University and an MBA in Finance from the University of Wisconsin-Madison, where he participated in the Applied Security Analysis Program. Mr. Leiker is a Chartered Financial Analyst. Profile
TWST: Rob Mains, in what way is assisted living different from the

traditional facilities that care for the elderly?

Mr. Mains: The easiest answer for an investor is the four magic words