“We make products to improve people’s lives and we’ve spent years mastering our craft. Digital is the loss of a rewarding lifestyle we had been looking forward to,” said Jim Glidewell, President and CEO of Glidewell Laboratories,...
Just in the past six months alone, there have been a number of laboratory acquisitions by private equity portfolio companies. While private equity is not new to our community, portfolio companies are poised to make the most of our changing industry.
47% are freezing pay raises
39% are reducing/eliminating overtime
38% are cutting hours
36% are laying off technicians
25% are reducing/eliminating bonuses
16% are reducing/eliminating health insurance benefits
8% are cutting salaries
7% are instituting forces, unpaid vacations
(percentages total more than 100 because respondents could select more than one answer)
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