Lance Poulsen, co-founder of National Century Financial Enterprises, Dublin, Ohio, has resigned from his posts as CEO and chairman of the company, president and director of its subsidiary, National Premier Financial Services, and director and officer of its healthcare securitization funds. In a written statement, Poulsen said he severed ties with the healthcare-financing company in hopes of saving it. "Resigning was a necessary step toward preserving employment for the professionals at (National Century) . . . and to keep programs moving forward so NCFE's customers receive funding," he said. National Century buys accounts receivables from hospitals and other providers and pays them from bond proceeds. It has not paid customers for weeks because of a hold on its funds by its trustee, Bank One Corp., liquidity problems and bond downgrades. Earlier this week, the company filed for a temporary restraining order to prevent 68 customers from seeking payment directly from payers. -- by Mark Taylor
CEO of finance firm National Century resigns
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