This is good...
David Raine
Vancouver
Medsite.com Hires Prudential Healthcare CFO Gregory W. Scott to Help Manage Rapid E-commerce Revenue Growth
NEW YORK, Sep 15, 1999 (BUSINESS WIRE) -- Medsite.com, a leading provider of eServices for the medical community, today announced that Gregory W. Scott, the former CFO of Prudential HealthCare, has joined the company as Chief Financial Officer.
Scott will spearhead Medsite.com's financial endeavors as well as help manage the Company's future growth plans.
In addition to serving as Prudential HealthCare Group's CFO and Senior Vice President, Scott has held various senior executive positions since 1985 within the Prudential Insurance Company, one of the nation's largest insurance and financial services organizations. Prior to joining Prudential HealthCare, he served for three years as CFO of the company's brokerage unit, Prudential Securities, Inc. Scott was recognized by Institutional Investor in 1990 as one of the nation's top 65 finance professionals under the age of 40 while serving as Vice President & Treasurer of Prudential Insurance Company, responsible for all funding and liquidity management activities for Prudential and all its subsidiaries.
"We are thrilled that Greg is on-board the Medsite.com team," said Sundeep Bhan, Medsite.com's Co-Founder and CEO. "With his broad experience in finance and healthcare and his special management skills, he'll be an invaluable help as we solidify our position as a leading Internet company for medical professionals worldwide."
Commenting on his decision to join Medsite.com, Scott said: "This is a pace-setting, dynamic company that's already generating notable Internet business. I am very impressed with Medsite.com's focus on the multi-billion dollar worldwide medical market as well as its sound eCommerce strategy, and with my expertise, I expect to make significant contributions to the Company's growth plans.
"About 85 percent of all U.S. physicians are expected to be on the Net by next year. As more and more medical professionals turn to the Internet for information, purchases and branding reinforcement, Medsite.com is ideally positioned to assist in fulfilling those needs."
Scott began his career with Prudential in 1977 after completing his M.B.A at the University of Michigan. In addition to his 19 years with Prudential, he has been a General Partner and one of the founders of RRY Partners, a boutique investment banking and consulting organization specializing in LBOs. He was also Vice President, Corporate Finance, for Salomon Brothers Inc., responsible for managing the institutional placement of specialty private placement transactions. He is a graduate of Colgate University with an A.B. in Mathematical Economics.
About Medsite.com
Headquartered in New York City's Silicon Alley, Medsite is the physician's home on the Internet. The company, which operates Medsite.com ( www.medsite.com), offers a comprehensive range of user-friendly solutions in the categories of medical ecommerce, medical information and communication services. Building on its first Internet business, MedBookStore, Medsite has become a healthcare destination site offering a comprehensive selection of medical books, software, journals and supplies, electronic physician credentialing, the latest medical news, a customizable finance channel and numerous other services, geared towards "making your practice click."
Medsite was founded in 1995 and currently draws over 12,000 visitors a day and has approximately 150,000 registered users. The company has developed strategic partnerships and alliances with industry-leading hospitals, medical schools, associations and healthcare companies from more than 60 countries. Medsite's customers include physicians, residents, nurses, medical students, physician assistants and pharmaceutical companies. |
