Ct Healthmarket via BizWire
06-24-2003, 06:30 AM
TAMPA, Fla.--(BUSINESS WIRE)--June 24, 2003--PlanVista Corporation
(OTCBB:PVST), the Tampa, Florida-based medical cost management firm,
announced today that Bennett Marks has joined the Company as Executive
Vice President and Chief Financial Officer. Mr. Marks previously
served as the Chief Financial Officer for RailAmerica, Inc.
(NYSE:RRA), ProxyMed, Inc. (NASDAQ:PILL), and FiberCorp International,
Inc., as well as serving as an audit partner for 10 years with KPMG, a
"Big 4" accounting firm. He has extensive experience in SEC matters,
complex financial transactions, public debt and equity offerings,
merger and acquisitions and corporate governance. His background
includes experience with medical technology companies, as well as
service as the Southeast Florida Regional Director of Healthcare
Services while with KPMG.
The Company also announced that current CFO Donald Schmeling is
leaving the organization on or around July 30 to pursue other
interests. According to PlanVista Chairman and Chief Executive Officer
Phillip S. Dingle, "We thank Don for his efforts and significant
contributions during the past two years, and wish him every success in
the future. At the same time, we welcome Bennett to our management
team and are excited about the talent and experience he brings to our
organization."
PlanVista Solutions provides medical cost containment and business
process outsourcing solutions to the medical insurance and managed
care industries. We provide integrated national preferred provider
organization network access, electronic claims repricing, and network
and data management services to health care payers, such as
self-insured employers, medical insurance carriers, third party
administrators, health maintenance organizations, and other entities
that pay claims on behalf of health plans. We also provide network and
data management services to health care providers, such as individual
providers and provider networks. Visit the Company's website at
http://www.planvista.com.
This press release, particularly the statements made by Mr.
Dingle, includes forward-looking statements related to PlanVista that
involve risks and uncertainties including, but not limited to, our
ability to expand our client base; the success of our new products and
services; our ability to maintain our current provider network
arrangements; our ability to manage costs and comply with the terms of
our senior credit facility; our ability to reduce and restructure
debt; and our ability to maintain and update our information
technology. These forward-looking statements are made in reliance on
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. For further information about these factors that
could affect the Company's future results, please see the Company's
filings with the Securities and Exchange Commission. Copies of these
filings are available upon request from the Company's chief financial
officer. Prospective investors are cautioned that forward-looking
statements are not guarantees of future performance. Achieved results
may differ materially from management expectations.
(OTCBB:PVST), the Tampa, Florida-based medical cost management firm,
announced today that Bennett Marks has joined the Company as Executive
Vice President and Chief Financial Officer. Mr. Marks previously
served as the Chief Financial Officer for RailAmerica, Inc.
(NYSE:RRA), ProxyMed, Inc. (NASDAQ:PILL), and FiberCorp International,
Inc., as well as serving as an audit partner for 10 years with KPMG, a
"Big 4" accounting firm. He has extensive experience in SEC matters,
complex financial transactions, public debt and equity offerings,
merger and acquisitions and corporate governance. His background
includes experience with medical technology companies, as well as
service as the Southeast Florida Regional Director of Healthcare
Services while with KPMG.
The Company also announced that current CFO Donald Schmeling is
leaving the organization on or around July 30 to pursue other
interests. According to PlanVista Chairman and Chief Executive Officer
Phillip S. Dingle, "We thank Don for his efforts and significant
contributions during the past two years, and wish him every success in
the future. At the same time, we welcome Bennett to our management
team and are excited about the talent and experience he brings to our
organization."
PlanVista Solutions provides medical cost containment and business
process outsourcing solutions to the medical insurance and managed
care industries. We provide integrated national preferred provider
organization network access, electronic claims repricing, and network
and data management services to health care payers, such as
self-insured employers, medical insurance carriers, third party
administrators, health maintenance organizations, and other entities
that pay claims on behalf of health plans. We also provide network and
data management services to health care providers, such as individual
providers and provider networks. Visit the Company's website at
http://www.planvista.com.
This press release, particularly the statements made by Mr.
Dingle, includes forward-looking statements related to PlanVista that
involve risks and uncertainties including, but not limited to, our
ability to expand our client base; the success of our new products and
services; our ability to maintain our current provider network
arrangements; our ability to manage costs and comply with the terms of
our senior credit facility; our ability to reduce and restructure
debt; and our ability to maintain and update our information
technology. These forward-looking statements are made in reliance on
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. For further information about these factors that
could affect the Company's future results, please see the Company's
filings with the Securities and Exchange Commission. Copies of these
filings are available upon request from the Company's chief financial
officer. Prospective investors are cautioned that forward-looking
statements are not guarantees of future performance. Achieved results
may differ materially from management expectations.
