Coastal Chief Operating Officer to head Florida operations.DURHAM, N.C.--(BUSINESS WIRE)--May 9, 1995--Coastal Healthcare Group, Inc. (NYSE NYSE See: New York Stock Exchange : DR) announced today that its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , David Singley, will relocate and direct all of Coastal's Florida operations beginning May 15, 1995. Steven M. Scott, M.D., President and Chief Executive Officer, will assume Mr. Singley's responsibilities at Coastal's headquarters in Durham. "Due to the changing market conditions and increased competition in Florida, we have identified an immediate need to directly oversee operations in order to continue to provide high quality cost-effective services," said Dr. Scott. Continuing he said, "We are committed to meeting the demand for health services health services Managed care The benefits covered under a health contract in the Florida market and feel that David's years of experience in various areas of Coastal's operations combined with the talents of our local management teams will help to solidify this effort." Commenting on this appointment, Singley added, "I am confident that, in working with management team in Florida, we will continue to execute Coastal's strategy of organizing highly credentialed physicians into integrated delivery systems integrated delivery system Integrated provider Medical practice A coordinated health care system formed by physician groups and hospitals which ↑ efficiency and ↓ redundancy in providing health care; IDSs coordinate delivery of a broad range of health . By implementing new and innovative ways to work with our payors, we plan to re-establish our performance and improve upon our relationships in the market." Mr. Singley has been Chief Operating Officer of Coastal Healthcare Group since January 1, 1994. Previously he served as the President of Coastal Physician Contract Services Group, Inc. and has held several positions with Coastal Emergency Services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' Management Group, including President and Chief Operating Officer. Mr. Singley holds a master's degree in health care administration from the Medical College of Virginia History The school was founded in 1838 as the Medical Department of Hampden-Sydney College. It received an independent charter from the General Assembly in 1854 and became the Medical College of Virginia, and shortly thereafter transferred all its property to the Commonwealth and a bachelor's degree in business administration from the University of North Carolina at Chapel Hill The University of North Carolina at Chapel Hill is a public, coeducational, research university located in Chapel Hill, North Carolina, United States. Also known as The University of North Carolina, Carolina, North Carolina, or simply UNC . Coastal Healthcare Group, Inc. - The Physician Company, is the largest physician management company in the U.S., and provides a broad range of health care and administrative services to physicians, hospitals, employers, managed care programs and other health care providers. CONTACT: Coastal Healthcare Group, Inc. Dr. Steven M. Scott, 919/383-0355 or Edelman Financial Robert Borchert, Sr. VP, 212/704-8293 |
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