CompScript names John F. Chiste as Chief Financial Officer.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--October 24, 1996--CompScript, Inc. (Nasdaq SmallCap Market: CPRX), a provider of integrated pharmacy services to 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. and sub-acute care industries, today announced that John F. Chiste has joined the Company as Chief Financial Officer, a newly created position. Mr. Chiste brings more than 18 years of public accounting experience to CompScript, Inc. Since 1992, Mr. Chiste served as Chief Financial Officer, Treasurer and Secretary of Computer Integration Corp., a publicly- held, value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). of microcomputer, workstation and related products. During his tenure, Mr. Chiste assisted in successfully negotiating three acquisitions approximating $500 million in annual revenues. From 1983-1992 and 1978-1981, Mr. Chiste worked for the national accounting firm of Ernst & Young, LLP LLP - Lower Layer Protocol , where he served a wide variety of for-profit and not-for-profit healthcare organizations including acute-care hospitals and affiliated entities such as nursing homes, imaging centers and laboratories. He also served as a business advisor to Ernst & Young's clients in the areas of healthcare financing, cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. , and third- party reimbursement. From 1981-1983, Mr. Chiste was Assistant Controller for Zimmer Corporation, a publicly-held manufacturer of recreational vehicles and mobile homes. A Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. with an accounting degree from Florida Atlantic University “FAU” redirects here. For other uses, see FAU (disambiguation). Florida Atlantic University, also referred to as FAU or Florida Atlantic, is a public, coeducational research university with its main campus in Boca Raton, Florida, United States. , Mr. Chiste is a member of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. . Brian A. Kahan, Chief Executive Officer of CompScript, commented, "CompScript's rapid growth to date, coupled with the exciting opportunities in the healthcare marketplace for continued expansion, necessitated the addition of an individual with John's background and industry expertise. We feel that John will be a valued addition to our Company and look forward to his contributions." CompScript, Inc. is a comprehensive provider of pharmacy management services to managed care networks, long-term and sub-acute care facilities, home health patients and recipients of managed care. These services include pharmacy services and pharmacy benefits management, infusion therapy, mail order and consulting. CONTACT: CompScript, Inc. The Equity Group Inc. Brian A. Kahan Devin Sullivan, 212/836-9608 Chief Executive Officer Robert Goldstein, 212/371-8660 561/994-8585 |
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