LAKE FOREST, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Apria Healthcare Group Inc. , a leading provider of home oxygen and respiratory services, infusion therapy and medical equipment nationwide, today announced the promotion of Lawrence A. Mastrovich to the role of President in addition to his existing title of Chief Operating Officer (COO). Mr. Mastrovich has served as chief operating officer since rejoining the company in April, 2002.
Announcing the promotion, Lawrence M. Higby, Apria’s Chief Executive Officer, said, “In his most recent role as COO, Larry has contributed significantly to the success of the company over the past two years. His leadership in standardizing our operations, accelerating our acquisition integration process, as well as leading change in our information systems and productivity projects has continued to make Apria’s operations the leader of the industry. His broad background of field operations, revenue management and information systems enables him to lead cross-functional solutions to our complex healthcare business challenges.”
Mr. Higby will retain his role as Chief Executive Officer of the company; the current organizational structure will not change.
A 1984 graduate of Clarion University of Pennsylvania, Mr. Mastrovich began his career with Apria Healthcare in Philadelphia, PA as a management trainee. During his 20-year career, he assumed progressively more responsible roles as district manager, regional vice president of operations, and division vice president of operations for the Northeast Division. In 1997, he was named corporate executive vice president of revenue management and subsequently assumed the role of executive vice president of sales.
From August, 2001 through April, 2002 he served as president and chief operating officer of TechRx, a Pittsburgh, PA-based software developer serving the pharmacy industry.
“Larry has been a true partner and I am pleased that the Board is recognizing his numerous contributions,” commented Mr. Higby. “I look forward to his continued strong leadership of Apria’s operations and involvement in responding to the needs of our customers, employees and the millions of patients we serve. Given the challenging reimbursement environment expected for the next few years, it will be even more important to further automate current operating procedures. I am confident that Larry’s leadership and industry knowledge will continue to position Apria among America’s leading healthcare organizations.”
Mr. Mastrovich is a resident of Coto de Caza, CA, where he resides with his wife, Giovanna, and sons, David and Zachary.
Apria provides home respiratory therapy, home infusion therapy and home medical equipment through approximately 455 branches serving patients in 50 states. With more than $1.4 billion in annual revenues, it is the nation’s leading homecare company.
This release may contain statements regarding anticipated future developments that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Results may differ materially as a result of the risk factors included in the Company’s filings with the Securities and Exchange Commission and other factors over which the Company has no control.
For further information, please contact: Lawrence M. Higby, Chief Executive Officer, +1-949-639-4960, or Amin I. Khalifa, Chief Financial Officer, +1-949-639-4990, both of Apria Healthcare Group Inc.
Apria Healthcare Group Inc.
CONTACT: Lawrence M. Higby, Chief Executive Officer, +1-949-639-4960, orAmin I. Khalifa, Chief Financial Officer, +1-949-639-4990, both of ApriaHealthcare Group Inc.
Web site: http://www.apria.com/
