MEDSTAT SYSTEMS ANNOUNCES NEW EXECUTIVE VICE PRESIDENT
MEDSTAT SYSTEMS ANNOUNCES NEW EXECUTIVE VICE PRESIDENT ANN ARBOR, Mich., May 21 /PRNewswire/ -- MEDSTAT Systems, Inc.
(NASDAQ: MDST) today announced that effective June 17, 1992, Timothy E. Murnane will join the company as executive vice president, Insurance Systems and Services and will be elected an executive officer by the board of directors. In this newly formed position, Murnane, 42, will report directly to Ernest G. Ludy, chairman and chief executive, and will have operating responsibility for the company's rapidly growing Insurance Systems and Services business.
Since 1982, Murnane has held increasingly responsible general management positions with Banc One in Columbus, Ohio. He currently serves as president of Banc One Financial Card Services Corporation, a subsidiary of Banc One Corporation (NYSE: ONE), the nation's third largest credit and debit card processor employing approximately 700 people. Prior to serving at Banc One, he held management positions with Hoover Universal and Deere and Co. "The addition of Tim Murnane to our executive management team highlights the growing importance of our Insurance Systems business," said Ludy. "We are fortunate to have an individual of Tim's talent and experience to lead our Insurance Systems organization and play a key role in the future growth and direction of the company." Murnane holds a B.A. from Williams College, a master of arts in teaching from Harvard University and an MBA from the Amos Tuck School, Dartmouth College. MEDSTAT Systems is a healthcare information company serving business, government, insurance and the healthcare industry with specialized medical databases, advanced software systems and custom research for controlling the costs and improving the quality of healthcare. -0- 5/21/92 /CONTACT: Jennifer S. Ponski, vice president, CFO, MEDSTAT Systems, Inc., 313-996-1180; or Dixie Watterson, 708-564-5610, Bruce Marcus, 212-580-0703, Earle Brown, 813-796-1452, or Tim King, 213-541-4415, all of The Investor Relations Company, for MEDSTAT Systems, Inc./ (MDST) CO: MEDSTAT Systems, Inc. ST: Michigan IN: CPR INS HEA SU: PER
SM -- DE020 -- 2869 05/21/92 13:02 EDT
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|Date:||May 21, 1992|
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