Patient Home Monitoring (PHM-V) has appointed three highly qualified and experienced members to its newly created board of advisers.
Oct 24, 2013 - News Release
Mark Kohler Mr. Kohler is a chartered accountant in Canada and an expert in business operations. He has extensive experience in U.S. health care services and serves as a member of the board of directors for QHR Technologies Inc.
Jim Booth
Mr. Booth is a seasoned senior executive with extensive experience in the home health care marketplace. He recently retired from his position as chief executive officer of Comfort Keepers, a multinational provider of non-skilled home health services through more than 600 franchised locations. Mr. Booth currently provides consulting services both domestically in the United States and internationally.
Dr. Stephen Axelrod, MD
Dr. Axelrod built and directed a number of companies in the geriatric medicine space, including SeniorMed, a specialized pharmacy company acquired by Walgreen's. Dr. Axelrod is CEO of a medication adherence company with clinical program expertise in the U.S. telehealth market.
PHM plans to issue 100,000 options to each member of the board, vesting over three years.
"Our postacquisition strategy is about revenue expansion," said Bob Kusher, CEO of PHM. "We have built a nice pipeline of targets, even making a number of offers which I am hopeful we can close. While ultimately we may not close any of the companies we recently made offers to, I have confidence that we will be closing acquisitions sooner than later. By acquiring businesses with core competencies in specific service lines, along with their loyal patient base, we can expand these services to all of our patients at PHM. The result is intended to be significant revenue increases per patient after each acquisition. While it does take time to integrate an acquisition and begin the process of offering additional services to the existing patients, I believe this advisory board will help us in that endeavour and, ultimately, make PHM more successful as a result." |
