Because they sold Coventrys, the only money making business they owned. When they sold Covs, Covs was doing the best it had done in 5 years and they sold it for not much more than inventory. AHG then went on to Double the EBITA of Covs in the first year
In selling Coventrys, they lost a business that was paying a large chunk of their Oracle License. Now that license is borne just by the other under performing businesses that they still own.
boringly beautiful, page-4
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