American Health Properties Inc. announces resignation of Victor C. Streufert.DENVER--(BUSINESS WIRE)--Aug. 2, 1995--American Health Properties Wednesday announced that Victor C. Streufert, Executive Vice President and Chief Financial Officer, has indicated his intent to resign effective August 11, 1995 in order to accept a position as chief financial officer of the Pyxis Corporation, a publicly held healthcare service company. Joseph P. Sullivan, President and Chief Executive Officer, stated: "We extend our best wishes to Vic in his new responsibilities. He has been with the Company since 1989 and has played an important role in many of our critical transactions. Most recently he helped lead the successful development and completion of the psychiatric psy·chi·at·ric adj. Of or relating to psychiatry. psychiatric adjective Pertaining to psychiatry, mental disorders group preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. distribution. This new career opportunity gives him a chance to return to the healthcare product and service sector." "We are fortunate to have a strong management team and organization. We are reviewing our alternatives with respect to the chief financial officer's responsibilities. During the interim period these responsibilities will be reallocated internally. We do not expect this development to affect the significant progress the Company has been making in both the financial and new investments areas." AHE is a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) specializing in quality health care facilities. The Company's investments include twenty-seven acute, rehabilitation rehabilitation: see physical therapy. , psychiatric, 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. and medical office health care properties located in fourteen states. CONTACT: American Health American Health Inc. is a company that manufactures health supplements. It is located in Holbrook, New York. One of its products is labeled the "Chewable Original Papaya Enzyme" with the attached registered trademark, "The 'After Meal Supplement'". Properties, Denver Joseph P. Sullivan, 303/796-9793 |
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