MARIETTA, Ga., Oct. 26 /PRNewswire-FirstCall/ -- Matria Healthcare, Inc. today announced the resignation of Tom Hall, President and Chief Operating Officer of the Company, effective Friday, October 28, 2005.
Mr. Hall has accepted a position as President and Chief Executive Officer of a company that owns and operates ambulatory surgery centers.
Parker H. Petit, Matria’s Chairman and Chief Executive Officer, commented, “It is always gratifying to see an experienced executive have the opportunity to lead a company as its chief executive officer. We are happy that Tom has received this opportunity and we are grateful for his many contributions to our Company.”
The Company reported that a successor to Mr. Hall has not been appointed at this time. “Until we name a successor to our chief operating officer position, the operating executives running our three domestic businesses and one foreign business, formerly reporting to Tom Hall, will report to me. Because of our rapid growth over the recent years, we have assembled a strong team of seasoned operating and business executives. We are very fortunate to have this team and look forward to their continued leadership in supporting the growth of our Company,” added Petit.
ABOUT MATRIA HEALTHCARE
Matria Healthcare is a leading provider of comprehensive health enhancement programs to health plans and employers. Matria manages major chronic diseases and episodic conditions including diabetes, congestive heart failure, coronary artery disease, asthma, chronic obstructive pulmonary disease, high-risk obstetrics, cancer, chronic pain, depression, end-stage renal disease, and obesity; delivers programs that address wellness, healthy living, productivity improvement, and patient advocacy; and provides case management of acute and catastrophic conditions. Headquartered in Marietta, Georgia, Matria has more than 40 offices in the United States and internationally. More information about Matria can be found on line at http://www.matria.com.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements. Such statements include but are not limited to the continuing impact of the Company’s operating and business executives in supporting the growth of the Company. These statements are based on current information and belief, and are not guarantees of future performance. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include failure of the Company’s operating and business executives to support the growth of the Company, developments in the healthcare industry, third-party actions over which Matria does not have control, regulatory requirements applicable to Matria’s business and the risk factors detailed from time to time in Matria’s periodic reports and registration statements filed with the Securities and Exchange Commission, including Matria’s Annual Report on Form 10-K for the year ended December 31, 2004. By making these forward-looking statements, Matria does not undertake to update them in any manner except as may be required by Matria’s disclosure obligations in filings it makes with the Securities and Exchange Commission under the federal securities laws.
Contact: Stephen M. Mengert Chief Financial Officer 770/767-4500
Matria Healthcare, Inc.
CONTACT: Stephen M. Mengert, Chief Financial Officer of Matria Healthcare,Inc., +1-770-767-4500
Web site: http://www.matria.com/