HEALTHGRADES ANNOUNCES SENIOR MANAGEMENT CHANGES Kerry R. Hicks, founder and current CEO, to assume chairmanship of HealthGrades Board of Managers;
Roger C. Holstein becomes CEO
DENVER, CO and NEW YORK, NY (January 18, 2012) - HealthGrades
today announced two senior management changes, both effective
immediately. The company is the leading online provider of
comprehensive information about physicians and hospitals,
with more than 200 million visitors annually.
Kerry R. Hicks, founder and current Chief Executive Officer
of HealthGrades, will assume the chairmanship of the
HealthGrades Board of Managers, a position currently held by
Roger C. Holstein. In his role as Chairman, Mr. Hicks will
step back from day-to- day operations to focus on broad
company strategy, the impact of public policy on the
industry, and building key external relationships.
Mr. Holstein will become CEO of HealthGrades and assume
responsibility for the daily operations of the company. Mr.
Holstein, a managing director with Vestar Capital Partners,
had held the chairmanship since mid-2010, when an affiliate
of Vestar acquired HealthGrades. He has extensive healthcare
information services experience, most notably as the former
CEO at WebMD and as a board member of Press Ganey.
"I founded HealthGrades 15 years ago, with a conviction that
healthcare quality matters and a vision that patient access
to meaningful healthcare information could improve the
healthcare experience for both consumers and providers," said
Mr. Hicks. "That vision has become a reality, and our company
is reshaping the way healthcare decisions are made."
"We have enormous tailwinds at our back and now is the time
to capitalize upon them." Mr. Hicks said. "Roger has unique
skills, relevant experience and a track record of success in
consumer, digital media and healthcare services businesses. I
have worked with him closely since Vestar's acquisition of
HealthGrades, and I am convinced that he is the right person
to lead the company during the next phase of rapid expansion
in our business."
"Kerry and the management teams at HealthGrades and our CPM
subsidiary have built a groundbreaking digital information
platform, one which not only helps 200 million consumers make
informed decisions about doctors and hospitals, but also
provides our sponsors with an efficient, effective and
accountable means to analyze, plan, execute, and measure the
impact of their communication
programs," said Mr. Holstein.
Mr. Holstein will remain a director of HealthGrades and will
continue as a partner at Vestar. He will also continue to
serve on the boards of two other Vestar portfolio companies
in the healthcare sector, as a director of Press Ganey and as
the Chairman of DynaVox Corporation.
About HealthGrades
HealthGrades, headquartered in Denver, Colorado is a leading
provider of comprehensive information about physicians and
hospitals. More than 200 million consumers use the
HealthGrades websites to research, select, and connect with a
physician or hospital, and use its comprehensive information
about clinical outcomes, patient satisfaction, and patient
safety to make more informed healthcare decisions.
HealthGrades through its subsidiary, CPM, serves as a growth
and business development partner for healthcare
organizations. We fuel hospital growth with smarter
strategies in customer relationship management (CRM),
physician relations, planning and forecasting, strategic
marketing, and population health management. Find more
information about our products and services at HealthGrades.com. Follow
us on Twitter (@HealthGrades)
and Facebookfor news and updates.
CONTACTS:
Owen Blicksilver Public Relations
Carol Makovich
203-622-4781 carol@blicksilverpr.com
Jennifer Hurson
845-507-0571 jennifer@blicksilverpr.com
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