Health Care Hall of Fame Past Inductees
Inducted in 2001
Bays, the former chairman and CEO of the American Hospital Supply Co., commanded attention.During his life, he would advise three presidents and lobby Congress on behalf of healthcare suppliers and the industry as a whole. During the Carter administration, for instance, Bays would lobby against provider price controls. A former head of the Federation of American Hospitals once said of Bays that “his biggest contribution to healthcare was clearly his pushing and forcing the issue of CEOs getting more involved with politics.” As the leader of the American Hospital Supply Co., Bays pushed the company's sales to $3.5 billion in 1985 from $500 million in 1971. Wanting even more, Bays then pushed for a merger with what was then called the Healthcare Corporation of America, or HCA as it is known today. The deal never materialized though, as Baxter Travenol Laboratories, now called Baxter Healthcare, stepped in and trumped HCA's offer. The companies merged in 1985 in a $3.8 billion deal.