Visionary Healthcare IT Executive Discusses Company's Mobile Solution for Care Coordination
TORONTO, Feb. 14, 2012 /CNW/ - Diversinet Corp. (TSXV: DIV) (OTCBB: DVNTF), a leader in secure mobile health, announced
today that its Board of Directors has formally appointed Dr. Hon Pak as
the company's Chief Executive Officer.
Dr. Pak, who had been serving as the interim CEO since December 2011,
was also appointed to the company's Board of Directors. Prior to his
role as interim CEO, he was a member of Diversinet's executive advisory
board since September 2011.
"Having Dr. Pak join Diversinet as the full time CEO is a game changer
for the company," said Alan Portela, a Diversinet director and CEO of
Airstrip Technologies. "Hon's credibility, experience and leadership in
steering the IT transformation of the U.S. Army Medical Department
along with his new focused vision will make Diversinet a more
significant player in mobile health."
After a distinguished 28 year career with the U.S. Army, Pak, now 48,
brings to Diversinet accomplishments including appointments as the
first physician Chief Information Officer of the U.S. Army Medical
Department as well as the Army's first Chief Medical Information
Officer. In addition he has held prestigious positions outside the Army
such as president and board member of the American Telemedicine
Association. He is a distinguished graduate of the United States
Military Academy, and he holds a medical degree from the Uniformed
Services University of Health Sciences. He is also a fellow of the
American Board of Dermatology.
Pak commented, "Healthcare is becoming unsustainable, and changes are
now in place that will impact the landscape of how healthcare will be
delivered." Pak cited shifting market forces, such as the rising costs
of healthcare that are prompting the overall industry to re-evaluate
its current models. New models, such as the patient-centered medical
home and accountable care, represent new ways to bring about a more
patient-centered and systems-based approach that improves the value of
healthcare with a focus on wellness and prevention. Pak believes that
fundamental to this shift is a focus on patient engagement and care
coordination. He stated, "Providers can no longer provide episodic
care, but they are now responsible for leading a team responsible for
coordinating and managing all of a patient's care."
Pak accepted the permanent CEO role with Diversinet because of its
proven core secure mobile platform and his conviction that mobile
devices will be critical to healthcare. "In the past 60 days as interim
CEO, I have had the time to validate our technology and assess the
market potential for Diversinet," said Pak. "Our technology is much
more than mobile security. The core technology has the components to
support and enable care coordination through mobility, and we are now
developing a marketing and technology strategy to become a dominant
player to mobilize care coordination."
Diversinet intends to launch a new strategic direction leveraging its
patented, award-winning MobiSecure® technology. Components include a
Care Coordination Engine, providing configure once-deploy many
capability for clients that need a HIPAA-compliant tracking/case
management tool to empower consumers/patients and providers/staff.
Diversinet also has a MobiSecure Security SDK for clients (with
existing mobile applications or platforms) that need to manage PHI and
Pak simply believes that Diversinet "Powers Care Coordination Through
Under the terms of the employment agreement, Dr. Pak has been issued
stock options to purchase up to 1,400,000 common shares of Diversinet
Corp. exercisable at U.S.$0.30 per common share for a five-year term.
The exercise of these options is subject to approval of an increase in
the number of shares reserved under the stock option plan by
shareholders at the next meeting of shareholders. Assuming such
approval, there would be 8,984,362 common shares reserved for issuance
in respect of available stock options under the plan.
Diversinet Corp. (TSXV: DIV) (OTCBB: DVNTF) provides patented and proven
secure products that enable healthcare organizations to rapidly deploy
HIPAA-compliant mobile healthcare (mHealth) applications to power care
coordination. Learn more about Diversinet at www.diversinet.com.
The Private Securities Litigation Reform Act of 1995 and Canadian
securities laws provide a "safe harbour" for forward-looking
statements. Certain information included in this press release (as well
as information included in oral statements or other written statements
made or to be made by the company) contains statements that are forward-looking,
such as statements relating to the success of current product
offerings. Such forward-looking information involves important risks
and uncertainties that could significantly affect anticipated results
in the future and, accordingly, such results may differ materially from
those expressed in any forward-looking statements made by or on behalf
of the company. For a description of additional risks and
uncertainties, please refer to the company's filings with the
Securities and Exchange Commission available at www.sec.gov and Canadian securities regulatory authorities available at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
MobiSecure is a registered trademark of Diversinet Corp.
SOURCE Diversinet Corp.
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