Advocat Announces Management Changes.Business Editors & Health/Medical Writers FRANKLIN, Tenn.--(BUSINESS WIRE)--Feb. 26, 2001 Advocat Inc. (Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVCA AVCA American Volleyball Coaches Association AVCA American Veterinary Chiropractic Association AVCA African Venture Capital Association AVCA Almaden Valley Community Association AVCA Automobil Veteranen Club Austria AVCA Apoyo Vital Cardiopulmonar Avanzado ) today announced the appointment of three senior executives to the Company's management team. Will Council will join Advocat in early March as Executive Vice-President and Chief Financial Officer; Ray Tyler has been named Vice-President, U.S. Nursing Home Operations; and Jim Bucaric has been named Vice-President of Marketing. Commenting on the appointments, Chairman and Chief Executive Officer Charles W. Birkett, M.D., said, "We are extremely pleased to augment our management team with the addition of Will Council, Ray Tyler and Jim Bucaric. They bring significant experience in each of their disciplines. Since Advocat reached agreement with our major landlord and lender, the outlook for our company has brightened and provides a more stable environment to attract quality management talent as evidenced by these new senior managers. We believe their combined skills will contribute to the Company's progress in the future." Will Council is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and most recently served as President and Chief Executive Officer of Senior Counseling Group, a company providing behavioral services to skilled nursing facilities skilled nursing facility n. Abbr. SNF An establishment that houses chronically ill, usually elderly patients, and provides long-term nursing care, rehabilitation, and other services. . Prior to joining Senior Counseling Group, he was with Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing where he had extensive audit and consulting experience with Advocat Inc. and its predecessors. He replaces Jim Mills James Anthony Mills (born September 23, 1961 in Vancouver, British Columbia) is a former gridiron football offensive lineman. After graduating from Richmond Senior Secondary School in 1979, he played for the University of Hawaii before playing 2 years in the National who will be leaving Advocat at the end of March to pursue other interests. Ray Tyler has operational responsibility for Advocat's U.S. skilled nursing facilities. Mr. Tyler has 25 years of experience in nursing home operations with increasing levels of responsibility at a number of nationally recognized companies. Jim Bucaric is a graduate pharmacist with extensive sales and marketing experience in the pharmaceutical industry and in a hospital pharmacy A hospital pharmacy is concerned with pharmacy service to all types of hospital and differs considerably from a community pharmacy. Some pharmacists in hospital pharmacies may have more complex clinical medication management issues whereas pharmacists in community practice. In the newly created position of Vice President-Marketing, he is responsible for developing marketing programs for Advocat's U.S. Nursing Home Division, U.S. Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Division, and additional anticipated elder care products and services. Advocat Inc. operates 120 facilities including 56 assisted living facilities with 5,472 units and 64 skilled nursing facilities containing 7,230 licensed beds as of September 30, 2000. The Company operates facilities in 12 states, primarily in the Southeast, and four provinces in Canada. Forward-looking statements made in this release involve a number of risks and uncertainties, including but not limited to, factors affecting the long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. industry in general, governmental reimbursement, government regulation, health care reforms, the impact of future licensing surveys, changing economic and market conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings. For additional information about the Company, visit Advocat's web site: http://www.irinfo.com/avc. |
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