Pediatric Services of America, Inc. Announces Two Appointments to Board of Directors.NORCROSS, Ga. -- Pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. Services of America, Inc. (Nasdaq: PSAI PSAI Pediatric Services of America Inc ) announces today the appointments of Phyllis Yale and Daniel J. Kohl, PSAI's President and 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. , to the Company's Board of Directors. Both directors were elected by an overwhelming majority of stockholders at the Annual Meeting of Stockholders held today and will serve for a three-year term expiring at the 2009 annual meeting of stockholders. PSAI's Board of Directors consists of seven members, five of whom are independent directors. Ms. Yale is a partner with Bain & Company, where she provides corporate strategy consultation in the healthcare sector, since 1982. Ms. Yale has served on the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Bridgespan Group, a consulting and publishing firm serving the non-profit sector, since 2000. In addition, she has served as a director since 1999 and sits on the Nominating Committee of the United Way of MassBay and has been a director of the Boston Chamber of Commerce since 2002. "Phyllis is an outstanding addition to our Board," said Daniel Kohl, President and CEO of PSAI. "With her significant experience in healthcare, coupled with her outstanding strategic perspective, she will make a substantial contribution to PSAI's Board of Directors. We are delighted she is joining us." Ms. Yale received her Bachelor of Arts (A.B.) degree from Harvard University in 1978, and an M.B.A. from the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. in 1982. She is a frequent speaker on topics relating to health care, strategy development and organizational development, and she has been published in the Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and . PSAI provides comprehensive pediatric home health care services through a network of over 100 branch offices in 19 states, including satellite offices and branch office start-ups. Through these offices PSAI provides a combination of services, including pediatric private duty nursing (PDN (1) (Packet Data Network) See packet switching. (2) (Premises Distribution Network) The network that connects a customer's ADSL transceiver (ATU-R) to the Service Modules (PCs, routers, set-top boxes, etc.). See DSL. ), pediatric day treatment centers (PPECs), and respiratory therapy and equipment services (RTES RTES Real-Time Embedded System RTES Real Time Expert System RTES Real-Time Encryption System RTES Radio and Television Executives Society ). Additional information on PSAI may be found on the Company's website at www.psakids.com. NOTE: Forward looking statements made in this release involve a number of risks and uncertainties, certain of which are beyond our control, including, but not limited to changes in government regulation and health care reforms, ability to execute the Company's strategic programs, ability to improve accounts receivable collections, changing economic and market conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings. Any forward looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. |
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