Compliance and Turnaround Specialist Eugene M. Marini Joins Pacer Health Board of Directors.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Pacer Health Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PHLH), a Miami-based owner-operator of acute care hospitals, medical treatment centers and residential care facilities, announced today that Eugene M. Marini, an award-winning healthcare executive with 18 years of medical facility management experience, will join the company's board of directors effective immediately. In this new capacity, Marini will provide ongoing oversight primarily on matters pertaining to the operation of Pacer Health facilities, and help direct the company's executive team in meeting its overall obligation to shareholders and other audiences. Marini is the former 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. of two South Florida hospitals, which he successfully restructured, and former director of operations at Catholic Health Services health services Managed care The benefits covered under a health contract , Inc. In 1999, Marini was recruited by Ruben King-Shaw Jr., then secretary of the Agency for Healthcare Administration Healthcare administration is a term that typically refers to the Master of Health Administration (MHA)—also Master of Healthcare Administration— degree, which is a graduate professional degree that provides training in health policy, economics, project and (AHCA AHCA Agency for Health Care Administration AHCA American Health Care Association AHCA American Hockey Coaches Association AHCA American Highland Cattle Association AHCA Australian Health Care Agreement AHCA Austin Healey Club of America ) of the State of Florida, to restructure the Agency's Managed Care and Health Quality Division. During his tenure at AHCA, he formed part of a delegation that was invited by the president of Panama to review that country's healthcare system. In 1997, Marini served as interim CEO of Larkin Hospital, a 110-bed facility for which he secured JCAHO JCAHO Joint Commission on Accreditation of Healthcare Organizations, see there accreditation. He was previously CEO of West Gables Rehabilitation Hospital, a 60-bed acute rehabilitation facility and 120-bed sub-acute facility. For his reengineering efforts, he received Turnaround Hospital of the Year, CEO of the Year, and Best Run Hospital awards from parent company Horizon/CMS. Marini holds a master's degree in public health, and bachelor's degree in health administration, from Florida International University Florida International University, primarily at University Park, Miami; coeducational; chartered 1965, opened 1972. A research university, it has 18 colleges and schools and many specialized centers and institutes, including those in biomedical engineering, database . He is a State of Florida licensed nursing home administrator and an active member of the American College of Healthcare Executives The American College of Healthcare Executives (ACHE) is an international professional association of healthcare executives (high-level hospital administrators, CEOs, COOs, health system officers, etc.) Its central offices are located at 1 N. . "With the addition of Eugene Marini to our board, we believe we have assembled a truly top-notch team that will direct and fuel the growth of our organization throughout the coming year," said Rainier Gonzalez, chairman and CEO of Pacer Health. "Pacer Health is a strong company with a very good business model and solid track record of turnaround success. I hope that my experience will be an asset to the organization and look forward to contributing to its growth," added Marini. About Pacer Health Corporation Pacer Health Corporation is an owner-operator of acute care hospitals, medical treatment centers, and residential care facilities, primarily serving the growing senior citizen population and rural areas throughout the Southeast. Shareholders are encouraged to visit the company's web site at www.pacerhealth.com and register to receive Pacer Health news updates. Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies. |
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