COHR’s MasterPlan to be stand-alone unit

Independent service organization COHR of Chatsworth, CA, this month moved to establish its MasterPlan equipment service program as an independent business unit. The company announced that MasterPlan will be separated as a stand-alone unit of COHR by the end of June, and named Bruce Cree as president and CEO of the subsidiary. Cree brings a long history in the ISO market to COHR: He has held senior positions at Mediq and InnoServ Technologies, where he developed and managed service and asset management programs.

MasterPlan’s new status could be a sign of changes being made by COHR’s new owner. The company was acquired by investment advisor firm Three Cities Research of New York City in March in a transaction that converted COHR from a public to a private firm (SCAN 3/17/99).