Guest guest Posted June 7, 2007 Report Share Posted June 7, 2007 I've got friends going through the Acadian buyout of Metrocare right now. I'm not an employee of either, but I'm watching with interest. I've researched quite a few of the larger, private EMS services - the two notables being AMR and Rural-Metro (who is also involved in private fire service) and some of the offshore/overseas groups. My primary interest has been their motivation as a business. You look at Texas, particularly the Houston area, and you can see that many of the private EMS services that have popped up have a primary concern of profit and the profit goes to the owners. You look at AMR and R/M, and you see that the profit motive is focused on stockholders. Then you look at more rural areas, where governments can't fund EMS. Private services there are often incroporated as non-profits, and while they have to operate in the black, their primary concern is funding the operation with the income received, not making owners rich. They generally strive to provide as much care as possible with the funding they receive, and understand that what they can do is better than the nothing they would otherwise have. Then there's Acadian, a different sort of beast. Private company, but with a focus on employee ownership. This concept works WELL in corporate america because it creates a sense of buy-in from the employee, puts part of the responsibility for the company's growth directly on their shoulders. This seems to have created an environment where employees, as a collective, understand that spending money on things like training and employee development has a longer-term payoff, rather than paying themselves a higher wage, etc... that the long-term growth of the company year-over-year has more financial value than the short-term gains they could otherwise chase. What this also seems to create is a longer-term mentality with regards to employees... employees that I've talked to tend not to see Acadian as a stepping stone or " employer, " but as a career path. It'll be interesting to watch. The one thing I hear consistently from people in the Houston and Austin area is that mergers are not their specialty - that communications are lacking with regards to keeping employees informed of what's happening, and that employees of companies that are being bought are often left in the dark or provided little if any valuable information. Not all of this is Acadian's fault - it's primarily the responsibility of the owners of the business being bought - the primary employer for the current medics. Being EMS, those owners are not often well trained in M & A and corporate communications, so there's a large gap. If I could make one recommendation to Acadian (and who knows why they should listen to me... this is more a " what it " statement), it would be to consider developing a stronger corporate M & A/communications group, especially if Acadian plans to continue expanding in Texas. Stronger communications and a well-developed plan/timeline for M & A moves would not only make it easier, but less expensive (i.e. " more profitable " ) and would better leverage the knowledge of the local staff being absorbed. A primary example is with the Metrocare acquisition. Metrocare employees were working schedules that had a large amount of scheduled overtime - on the order of 40 hours of overtime every two weeks. Acadian, however, is on a different schedule with less overtime (for obvious reasons, overtime is expensive from a management point of view). Metrocare employees were accustomed to an annual wage that included their scheduled overtime. With Acadian, even with a higher hourly rate, most employees are losing money - up to 25 or 30% of their former annual wage. So they make more per hour, but less per year... and that wasn't clearly communicated to employees. The flip side, however, is that Acadian offers benefits and perks that weren't available to folks at Metrocare, so it's a trade-off, and likely a short-term one. The Austin market typically pays higher wages than elsewhere in the state, and it's likely that Acadian will make a rate adjustment if they intend to attract the quality of medic they otherwise seem to attract. Then again, I could be wrong... just my rambling thoughts from a business perspective. Mike > > Acadian is an ESOP company, you get shares. In fact today was my one year anniversary with Acadian. I worked the very first shift Acadian ever did in Texas. I loved my old employer, but Acadian has taken care of me and treated me so well. When they first came in I wasn't happy I could no longer goto work for my old company (and they were not bought out). Acadian came over let us tour their HQ and other Dept like their National EMS Academy, their fleet maintenance, their HUGE dispatch center. EVERYONE I have met has been nothing but nice and more than willing to help out with anything you need. Acadian came in took over 911 in our county (Orange) cuz the company I worked for was no longer able to stay open due to financial reasons. They came in hired any of us who wanted to work for them cuz they knew they need people from the area to make it work. These guys have their own National EMS academy, build their own trucks, and really do give a shit about their employees. Our medical director e-mailed me and congratulated me on my one year anniversary. The pay is great for it being a private service (Medics starting out at $16/hr and I believe they still have a hire on bonus with 2yr contract ), they are very big in to the safety of their employees ( they about to start buying Stryker Hydraulic Stretchers for the units). and the list goes on and on. By no means am I trying to shove Acadian down anyone's throat but when you have a private company that has been around since 1971 and have people that have been there for over 30 years and have people retiring from the company, they have to be doing something right. (you just don't hear of people retiring from a private ambulance company). They have in operation over 200+ units a day not including helicopters fixed wings and off shore divisions. I have been in EMS for 10yrs now. I'm just now going to get my EMT-P Acadian is putting through a accelratered class of theirs. Not only are they paying for the class they are paying me to go to class and paying me while I do clinicals. (that's a first for me) They took me off a truck so I don't have to worry about trying to work and class and clinicals. With this class they teach it's 6 months long but the pass percentage for it is in the mild 90s opposed to a traditional class, which if I remember correctly is in the 70s. And this guy , I know him personally and he is on the level. He won't BS you about anything. And if you want to know about Acadian he is the man to talk to. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.