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Margaret Walton spent 10 years working in the laboratory at City Hospital. During that time she advanced to the position of director of the laboratory. Because she felt that opportunities for further advancement at the hospital were limited, she decided that she would open an independent laboratory to provide medical tests for private medical practices. She believed that she could help physicians reduce both their capital requirements and their administrative chores.
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FIN 111 WALTON MEDICAL LABORATORY/TUTORIALOUTLET DOT COM FIN 111 WALTON MEDICAL LABORATORY FOR MORE CLASSES VISIT www.tutorialoutlet.com WALTON MEDICAL LABORATORY Margaret Walton spent 10 years working in the laboratory at City Hospital. During that time she advanced to the position of director of the laboratory. Because she felt that opportunities for further advancement at the hospital were limited, she decided that she would open an independent laboratory to provide medical tests for private medical practices. She believed that she could help physicians reduce both their capital requirements and their administrative chores. Walton began assembling information. She discovered a piece of land available near a number of private medical practices. The land could be purchased for $100,000, and a suitable building would cost approximately $400,000.
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