Albuquerque Journal (Albuquerque, NM)

Sun Healthcare's art was a huge misuse of assets.(Business Outlook)

Byline: Money & Medicine Winthrop Quigley Of the Journal

* Collection was acquired with the investors' money

The Andrew Turner era at Sun Healthcare Group didn't end three years ago when he resigned from the company he had founded, built into a multibillion health care conglomerate, then left in bankruptcy court.

His era truly ended last weekend when the 550-piece $2.3 million art collection he meticulously acquired with investors' money was put up for sale in a meeting room on the Sun campus.

Present chairman Richard K. Matros hated that art collection.

Not that it wasn't beautiful. The visitor to the company's magnificent Journal Center buildings would pass $150,000 sculptures and enter lobbies decorated with paintings valued in the tens of thousands of dollars. …

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