SM: How did you respond when your initial MedAssets business model did not work as well as you had hoped? JB: I was presented with an opportunity to acquire InSource Health Services, which was a small group purchasing organization formerly known as the Southern California Group Purchasing Services. That was in August of 1999.
John Bardis is the chairman, president and CEO of MedAssets. He has over 23 years’ experience in the healthcare industry and has held various senior management positions with companies such as Baxter, Kinetic Concepts, and Theratx. He has also served as a member of the Advisory Board for High Bar Capital. SM: Let’s start with
SM: How did you fix your sales issues after you fired your first VP of Sales? KS: I went and got a new VP from the semiconductor industry. She had built $300 million businesses and knew solution sales.
SM: How do you view Serious Materials in the cleantech space? KS: Going forward, cleantech probably means a lot more building energy savings than it does solar, wind, and bio fuels. That is because the cost of carbon mitigation is a positive cost with all the supply-side dynamics.
SM: How long were you at Perfect.com? KS: I did that for three years and left in 2002. I enjoyed every bit of it. We did several acquisitions and then decided to do a merger of equals with a company called eScout, with the headquarters moving to Kansas City. I left the company at that
SM: What was the closing chapter of Air Communication? KS: There was real technology and we had orders coming in. People wanted to buy product, and the skeleton office sold a few hundred thousand dollars a year for the next several years.
SM: What was the purpose of starting Air Communications? KS: In 1992 I met some people and came up with a business plan to start Air Communications as a wide area wireless device company. You could surf the web and recieve a fax with a little dial-up phone called an Air Communicator.
SM: What was it like moving from National to Seiko Epson? KS: When I was at National we would make a big die that was 400 by 400 mils. If we could yield one die per wafer, that was amazing. We were told the Japanese must be dumping because they would sell a 6 gate