Healthcare >> Sector Roundtables >> November 8, 2004
ERIC VEIEL joined Wachovia in June 2003 and is currently a Senior
Analyst covering the managed care sector. Prior to joining Wachovia, Mr.
Veiel was a Senior Analyst for Deutsche Bank Securities and before that
A.G. Edwards & Sons where he covered managed care, pharmacy benefit
management, specialty distribution, and other healthcare services
companies. Before his career in investment research, he worked for the
Centers for Medicare and Medicaid Services where he specialized in audit
and compliance of Medicare HMO contracts. Mr. Veiel earned a Master of
Business Administration degree from the John M. Olin School of Business
at Washington University where he was named a Charles F. Knight Scholar
as one of the top 10 MBA graduates. Mr. Veiel also earned a Bachelor of
Business Administration degree from James Madison University where he
graduated magna cum laude, with distinction from the Honors Program.
Mr. Veiel has published articles in academic and trade journals
including The Journal of Ambulatory Care Management and The Health Care
Financing Review and been a guest on several television programs
including CNBC and Nightly Business Review. He was named Best on the
Street in 2002 for his stock picking by the Wall Street Journal. In June
2003, Mr. Veiel was named one of Wall Street's Top Analysts by Bloomberg
Markets Magazine. Profile
DOUG SIMPSON covers the managed care industry for Merrill Lynch, with
which he has been associated since 1999. Previously, Mr. Simpson was
employed at Bear Stearns where he followed the healthcare services
industry. Prior to that, he began his sellside career working on the
property-casualty research team at J.P. Morgan from 1996 to 1998. Mr.
Simpson received his Bachelor's degree from Bucknell University with a
major in management and his Master's in Business Administration from The
Wharton School at the University of Pennsylvania. He was named an 'up
and comer' in the 2004 Institutional Investor All-America Research Team
Survey. Profile
CARL MCDONALD is an analyst at Morgan Stanley, having joined the
healthcare equity research team in 2004 to cover the managed care
industry with Christine Arnold. Most recently, Mr. McDonald worked at
Banc of America Securities and was previously employed at Credit Suisse
First Boston. He also worked at Cambridge Associates, a financial
consulting firm. Mr. McDonald holds a BA in Economics and a BA in
American Studies from Brandeis University in Waltham, Massachusetts. He
is a Chartered Financial Analyst, and a member of the Association of
Investment Management and the Boston Society of Security Analysts. Profile
year from a business point of view?
Mr. McDonald: We've become increasingly concerned about the fundamentals
of the
