NationsHealth Names Robert E. Tremain as Chief Operating Officer
07 Februar 2006 - 11:00PM
PR Newswire (US)
- Seasoned public health leader added to management team - SUNRISE,
Fla., Feb. 7 /PRNewswire-FirstCall/ -- NationsHealth, Inc. (Nasdaq:
NHRX; NHRXW; NHRXU) announced today that Robert E. Tremain, an
executive with over 30 years of service in public health, has been
appointed to the position of Chief Operating Officer and will
assume his position on March 6, 2006. In his new capacity, Mr.
Tremain will report directly to Glenn M. Parker, M.D.,
NationsHealth's Chief Executive Officer and will be responsible for
leading all operations that involve customers, including sales,
marketing, fulfillment and patient services. Mr. Tremain has
devoted his career to the public health sector, guiding non-profit
health plans to effectively serve the needs of its population. Most
recently, Mr. Tremain served as President and Chief Executive
Officer of Health Partners of Philadelphia, Inc., a managed care
organization serving more than 165,000 Medicaid and Medicare
members with annual revenues of over $900 million. Prior to that,
Mr. Tremain served in various capacities at other premier
healthcare organizations including large health systems and
technology leaders. In addition, he had a 14 year career with Blue
Cross & Blue Shield of Delaware and served as the President of
its Delaware HMO. "We are pleased to have Bob join our senior
management team, where we will benefit from his broad and proven
operations expertise in managed care, health insurance, health
benefits strategy and health planning," stated Dr. Parker. "More
than ever, we believe that NationsHealth's growth opportunities are
significant as a result of our focus on helping the senior
population deal with the complexities of Medicare Part D and other
aspects of the healthcare delivery system. Bob's leadership and
knowledge of government reimbursement in healthcare will help us
harness this potential and fully realize our growth opportunities."
"NationsHealth has already made very significant contributions to
our senior population, especially for Medicare recipients who count
on NationsHealth to deliver excellence in both service and
pharmaceutical supplies," stated Mr. Tremain. "I am honored to be
joining their team and I look forward to working with them to
achieve significant future growth and profitability." About
NationsHealth, Inc. NationsHealth improves the delivery of
healthcare to Medicare and managed care beneficiaries by providing
medical products and prescription related services. As of November
15, 2005, NationsHealth began a strategic alliance with CIGNA to
provide services to CIGNA in its offering of a national
prescription drug plan under Medicare Part D. NationsHealth
currently has more than 3.1 million discount prescription
cardholders, with cards accepted at over 50,000 pharmacies
nationwide. In addition, NationsHealth provides home delivery of
diabetes and ostomy medical products to more than 108,000 patients.
NationsHealth is also the provider of diabetes supplies to more
than 10,000 Medicare beneficiaries at over 1,100 Kmart pharmacies.
For more information please visit http://www.nationshealth.com/.
Safe Harbor Statement This press release contains forward-looking
statements about NationsHealth, none of which should be construed
in any manner as a guarantee that any such results will in fact
occur. In addition, other written or oral statements that
constitute forward-looking statements may be made by us or on our
behalf. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements, based upon the
current beliefs and expectations of NationsHealth's management, are
subject to risks and uncertainties, which could cause actual
results to differ from the forward- looking statements. The
following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements:
projections with respect to enrollment and market opportunities for
Part D; our ability to maintain our existing customer base; our
customers' desire to take advantage of our Part D services;
uncertainty in our costs incurred in administering the Part D
program; changes in Medicare, Medicaid, Tricare, Champus and any
other state or national-based reimbursement program; changing
interpretations of generally accepted accounting principles;
outcomes of government reviews of NationsHealth's business
practices; inquiries and investigations and related litigation;
continued compliance with government regulations; legislation or
regulatory requirements or changes adversely affecting the
businesses in which NationsHealth is engaged; fluctuations in
customer demand; management of rapid growth; our ability to compete
effectively; timing and market acceptance of new products sold by
NationsHealth; general economic conditions; and geopolitical events
and regulatory changes. For a further list and description of such
risks and uncertainties, see the reports filed by NationsHealth
with the Securities and Exchange Commission. The information set
forth herein should be read in light of such risks. NationsHealth
cautions investors not to place undue reliance on the
forward-looking statements contained herein. These statements speak
only as of the date of this press release and, except as required
by applicable law, NationsHealth assumes no obligation to update
the information contained herein. At NationsHealth: At Rx
Communications Group: Glenn M. Parker, MD Melody A. Carey
(investors) 917-322-2571 Chief Executive Officer Tony Loke (media)
917-322-2164 954-903-5000 First Call Analyst: FCMN Contact:
mcarey@rxir.com DATASOURCE: NationsHealth, Inc. CONTACT: Glenn M.
Parker, MD, Chief Executive Officer of NationsHealth,
+1-954-903-5000; Investors - Melody A. Carey, +1-917-322-2571, or
Tony Loke, +1-917-322-2164 Web site: http://www.nationshealth.com/
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