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Specialty Labs COO Beyer Resigns

IN BRIEF / HEALTH

June 08, 2002|Bloomberg News

Specialty Laboratories Inc. said President and Chief Operating Officer Paul Beyer resigned, less than two months after the company's chief executive quit.

Shares of the Santa Monica-based company jumped 12%, or 79 cents, to $7.35 on the NYSE.

In April, James Peter resigned as chief executive when federal regulators said they were suspending the company's right to Medicare and Medicaid payments, alleging that laboratory-test services had been performed by unlicensed staff. The company's stock has fallen 36% since then.

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