Richard Palarea | Building a Real Estate Appraisal Company and Transitioning to a Cost Reduction Company for Telecoms and the Healthcare Industry

Richard Palarea is the Co-founder and CEO of Kermit, a Baltimore-based healthcare cost reduction and spend management company that brings automation and insight to the high-spend category of implantable medical devices within hospitals and health systems. Since its founding in 2011, the company has saved hospitals more than $200 million. Prior to co-founding Kermit, Richard was the Co-founder and CEO of PA & Associates, the originator of the logistics 4PL category in parcel package cost reduction and spend management (acquired by Prostar Logistics). 

In this episode of the Smart Business Revolution Podcast, John Corcoran sits down with Richard Palarea, the Co-founder and CEO of Kermit, to talk about how Richard started a real estate appraisal company after college and how he transitioned to building a cost reduction company. They also discuss how Richard managed his company remotely 20 years ago, how he has been helping companies reduce costs, and what he learned from working with his father. Stay tuned.