CareInsite Elects Five New Directors.ELMWOOD PARK Elmwood Park, village (1990 pop. 23,206), Cook co., NE Ill., a suburb of Chicago; inc. 1914. It is chiefly residential. , N.J.--(BUSINESS WIRE)--July 26, 1999-- CareInsite, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CARI CARI Consejo Argentino para las Relaciones Internacionales (French) CARI Canadian Association of Recycling Industries CARI Central Agricultural Research Institute (Sri Lanka) ) announced today that it has elected Mark Adler, M.D., Joseph E. Smith, Larry Rader, James V James V, king of Scotland James V, 1512–42, king of Scotland (1513–42), son and successor of James IV. His mother, Margaret Tudor, held the regency until her marriage in 1514 to Archibald Douglas, 6th earl of Angus, when she lost it to John . Manning and Michael A. Singer to its Board of Directors. Dr. Adler, Mr. Smith and Mr. Rader have also been appointed to serve on CareInsite's audit and compensation committees. Martin J. Wygod, Chairman of CareInsite said, "We are pleased to announce these additions to our Board of Directors. We have expanded our Board to include individuals who bring a unique perspective to the Company as they are leaders in the healthcare and financial communities. We look forward to their active participation and contribution." Mark Adler, M.D. is one of California's leading oncologists and currently serves as the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Medical Director of the Oncology Medical Center of San Diego. Oncology Medical Center of San Diego is a comprehensive medical oncology facility specializing in clinical trials providing access to novel drug therapies, through contract affiliations with pharmaceutical and biotech companies. Joseph E. Smith retired in 1997 from the Warner-Lambert Company. His last position at Warner-Lambert was Corporate Vice President as well as a member of the Office of the Chairman and the firm's Management Committee. Prior to joining Warner-Lambert, Mr. Smith was President of Rorer Pharmaceutical and he also held various positions at Johnson and Johnson from 1965 to 1985. Larry Rader is currently the General Partner of the Rader Fund. Mr. Rader spent over thirty years on Wall Street in various positions which included roles as a venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. in the healthcare industry, mutual fund portfolio manager and head of a research group dedicated to emerging growth companies. James V. Manning is currently a Director of Medical Manager Corporation, formerly Synetic, Inc. Mr. Manning was the Vice-Chairman of Synetic until its merger with Medical Manager. Mr. Manning spent eleven years at Medco Containment Services with his last position as Senior Executive Vice President and Chief Financial Officer. Michael A. Singer is currently the Vice Chairman and Co-CEO of Medical Manager Corporation. Mr. Singer is the founder of Medical Manager Research and Development, Inc. and is the principal inventor of The Medical Manager software program. CareInsite completed the initial public offering of its common stock on June 21, 1999 and is now a publicly held subsidiary of Medical Manager Corporation (NASDAQ: MMGR MMGR Medical Manager MMGR Metalliferous Mines General Regulations ), formerly Synetic, Inc. On July 23, 1999, Synetic completed its merger with Medical Manager Corporation and changed its name from Synetic to Medical Manager and its ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors from "SNTC SNTC System for Naval Target Control " to "MMGR". However, for a period of approximately twenty trading days, Medical Manager will temporarily be traded on NASDAQ under the symbol "MMGRD". CareInsite provides innovative healthcare network and e-commerce services that leverage Internet technology to enable the confidential exchange of clinical, administrative and financial information between physicians, and their affiliated payers, patients, providers and suppliers. The Company's services are designed to simplify physician administration of payer rules leading to reduced healthcare costs, improved care and more satisfied patients. |
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