CFO Scott Tabakin to Leave Beverly; Phil Small Named Interim CFO.Business Editors/Health and Medical Writers FORT SMITH, Ark.--(BW HealthWire)--April 5, 2001 Beverly Enterprises, Inc. (NYSE NYSE See: New York Stock Exchange : BEV) announced today that Scott M. Tabakin, Chief Financial Officer, intends to leave the company on April 30 to assume a similar position at AMERIGROUP Corporation, a multi-state managed healthcare company headquartered in Virginia Beach, Virginia Virginia Beach is an independent city located in the South Hampton Roads area in the Commonwealth of Virginia, on the shores of the Chesapeake Bay and the Atlantic Ocean. It is the most populous city in Virginia and the 41st largest city in the United States, with an estimated . Philip W. Small, Executive Vice President - Operational Finance, will assume additional responsibilities as interim Chief Financial Officer until a permanent replacement is named. An executive search firm has been retained to evaluate internal and external candidates. "Scott has been a thoroughly professional CFO See Chief Financial Officer. and valued member of our senior management team," said William R. Floyd, President and Chief Executive Officer. "I'm sorry to see him leave, but he has an exciting opportunity to help shape a rapidly growing managed care company and to return home to Virginia Beach." Floyd continued: "We're fortunate to have a seasoned finance executive in Phil Small to serve as CFO until we evaluate potential replacements for Scott. Phil has extensive experience in several areas critical to our business success, including operational finance, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and Medicare/Medicaid reimbursement." Small, 44, joined Beverly in 1986 as reimbursement manager, following a variety of public accounting assignments with Ernst & Young. After a series of promotions within Beverly's nursing home finance operations, he was elected Vice President-Reimbursement in 1990, Senior Vice President-Finance in 1995, Executive Vice President-Strategic Planning and Operations Support in 1998 and named head of Operational Finance earlier this year. Small is widely regarded within 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 as one of the leading experts in Medicare reimbursement, and has served as a key resource for business and government groups. Tabakin, 42, joined Beverly in 1992 in Virginia Beach as Vice President and Controller. He was elected Senior Vice President in 1995, and Executive Vice President and Chief Financial Officer in 1996. Beverly Enterprises and its operating subsidiaries comprise a leading provider of post-acute healthcare in the United States. They operate 531 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. , as well as 34 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. centers, 165 outpatient therapy clinics, and 58 home care and hospice agencies. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion