NOVACARE BOARD OF DIRECTORS ELECTS NEW DIRECTOR, ROBERT G. STONE, JR.
KING OF PRUSSIA, Pa., Dec. 10 /PRNewswire/ -- NovaCare, Inc. (NYSE: NOV) today announced that its Board of Directors recently elected Robert G. Stone, Jr. as a director. In making the announcement, NovaCare Chairman of the Board and CEO John H. Foster said, "Bob Stone is a welcome addition to the NovaCare Board of Directors. He has served many NYSE-company boards and we look forward to the benefits of his broad-based and extensive business experience as NovaCare continues its rapid growth." Mr. Stone is chairman of the board of Kirby Corporation, a company with principal lines of business in marine freight transportation, property and casualty insurance and diesel repair services. He is also a director of The Chubb Corporation, First Boston Investment Funds, Inc., BIIP Petroleum Company, The Japan Fund, Inc., Core Industries, Inc., Tandem Computers Incorporated, Tejas Gas Corporation, The Pittston Company, Russell Reynolds Associates, Inc., Corning Incorporated and various funds managed by Scudder, Stevens & Clark, Inc. He is also chairman of the board of trustees of Mystic Seaport Museum, a trustee of International House and the National Rowing Foundation and a Fellow of Harvard College. NovaCare, Inc. is the largest provider of contract rehabilitation therapy and orthotic and prosthetic patient care services in the United States. In addition, the company operates 12 acute care medical rehabilitation hospitals and a number of freestanding comprehensive outpatient rehabilitation facilities and community re-entry programs, With operations in 42 states, NovaCare employees currently treat more than 26,000 patients per day. -0- 12/10/93 /CONTACT: Carol J. Klein, V.P. Communications of NovaCare, 215-992-7240/ (NOV)
CO: NovaCare, Inc. ST: Pennsylvania IN: HEA SU: PER
LG-TW -- NY011 -- 2523 12/10/93 09:34 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Dec 10, 1993|
|Previous Article:||NORTHWESTERN STEEL AND WIRE COMPANY REPORTS 19% INCREASE IN SALES AND 64% INCREASE IN OPERATING PROFIT FOR FIRST QUARTER|
|Next Article:||A. L. LABORATORIES DECLARES REGULAR QUARTERLY CASH DIVIDEND|