Ejection Fraction (EF) is a measurement used by physicians to determine how well your heart is functioning. An EF is a percentage of blood that is pumped out of the heart during each beat. Ejection refers to the amount of blood that is pumped out of the heart's main pumping chamber, the left ventricle, during each heartbeat.
Mervyns was owned by Target Corp., for the most part under Target's previous incarnation as Dayton Hudson Corp., until 2004, when it was sold to a group of investors including Cerberus Capital Management and Sun Capital Partners.
The private equity firms and the outrageous fees they took out were really the death knell for the company, he said. Four years after the three PE firms bought Mervyn's, the department store's 175 locations were liquidated and 18,000 people lost their jobs.