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The Peak (Malaysia) - - World Watch -

en­trepreneurs plan for many worst-case sce­nar­ios – but a man­age­ment buy­out that ousts them from the com­pany is not usu­ally one of them. That was the ex­tra­or­di­nary sit­u­a­tion Dr Michael Tan found him­self in on 24 Septem­ber 2012.

Then barely 40 years old, the first-time en­tre­pre­neur – who set up Fuller­ton Health­care in 2010 with friend and Park­way East Hos­pi­tal col­league Dr Daniel Chan – was un­ex­pect­edly laid off as CEO for 137 days. “A fam­ily of­fice in­vested in us when we started and it was a bit of a shock when they wanted to exit barely six months af­ter, when it was meant to be a fiveyear com­mit­ment. They just wanted to cash out,” re­counts Dr Tan of the drawn-out sit­u­a­tion that cul­mi­nated in his dis­missal. The episode tested his con­fi­dence, and also his con­vic­tion in do­ing what he be­lieved in: mak­ing high qual­ity health­care ac­ces­si­ble and af­ford­able.

This was the cause that had him step away from the well-pay­ing job as the CEO of Park­way East Hos­pi­tal, from prom­ises of pro­mo­tion and other lu­cra­tive of­fers, and the sta­bil­ity of be­ing a paid em­ployee. He and Dr Chan – both doc­tors who pro­gressed from see­ing pa­tients to manag­ing health-care fa­cil­i­ties – had ob­served the in­dus­try for decades from dif­fer­ent sides, and be­lieved that they could fill a gap in a mar­ket where prices are con­stantly on the rise.

“We lis­tened to our clients and saw that the health-care sys­tems could be made more ef­fi­cient and ef­fec­tive,” Dr Tan, 43, says of the mo­ti­va­tion be­hind found­ing the cor­po­rate health­care provider.

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