Printer Friendly

QMED ANNOUNCES THE APPOINTMENT OF TWO OUTSIDE ADVISORS TO ITS BOARD OF DIRECTORS

 LAURENCE HARBOR, N.J., Dec. 2 /PRNewswire/ -- qmed, Inc. (NASDAQ: QEKG) today announced that David P. Feldman, Chairman and CEO of AT&T Investment Management Corporation, and Howard L. Waltman, founder and Chairman of Sanus Corp. Health Systems, a subsidiary of New York Life Insurance Co., have each agreed to serve as advisors to qmed's Board of Directors. The advisors will meet regularly with qmed's Board to strategically position the company for business opportunities that are rapidly developing in "primary care medicine." Michael W. Cox, President of qmed, Inc., commented, "we are confident that the financial and managed health care experience of Mr. Feldman and Mr. Waltman will be a valuable resource to qmed and will enhance the Company's overall potential."
 Mr. Feldman, as CEO of AT&T Investment Management Corporation, is responsible for the investment management of AT&T pension funds and savings plans totaling approximately $50 billion as of Dec. 31, 1992. Mr. Feldman assumed his current position at AT&T in 1992, after serving in various engineering and finance capacities for AT&T and the Bell System since 1961, including Assistant Treasurer, Earnings, and Corporate Vice President - Investment Management. Mr. Feldman is the former Chairman of the New York Stock Exchange Pension Managers Advisory Committee.
 Mr. Waltman founded Sanus Corp. Health Systems in 1983 and presently serves as Chairman of the Board. Sanus organizes and manages health maintenance organizations and was purchased by New York Life Insurance Company in 1987. Mr. Waltman also serves as Chairman of Express Scripts Inc. (NASDAQ: ESRX) which presently provides mail order, network and pharmacy processing services to approximately four million people.
 -0- 12/2/93
 /CONTACT: Michael W. Cox, President of qmed, Inc., 800-237-2039/
 (QEKG ESRX)


CO: qmed, Inc. ST: New Jersey IN: HEA MTC SU: PER

JG-PS -- NY056 -- 9755 12/02/93 11:17 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 2, 1993
Words:305
Previous Article:NAVISTAR REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR 1993
Next Article:QUICK & REILLY EXPECTS HIGHER THIRD QUARTER EARNINGS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters