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John Hart 47 met Mr. Langley when IEP was accumulating positions in North America in 1984 and 1985.
At that time Mr. Hart was a principal in Detwiler Ryan & Company Inc. a firm which provided investment banking services to small-cap and mid-cap companies. The firm was a pioneer in the development and application of analytical software to identify potential acquisition candidates using Graham & Dodd techniques.
In 1991 Mr. Hart left the investment banking practice and joined forces with Mr. Langley to search for a listed company which met their investment criteria and which they could become fully involved with. This process culminated in them structuring the GPG/Physicians transaction and ultimately taking management control of Physicians in 1995 when Mr. Langley was named Chairman and Mr. Hart President and Chief Executive Officer. | 