- EMS Industry Veteran Joins Board of Advisors to Support Organic Growth Initiatives
TORONTO, Nov. 27, 2015 /CNW/ - Syncordia Technologies and Healthcare Solutions, Corp. (TSXV: SYN) ("Syncordia" or the "Company") is pleased to announce that Jim Adams has joined its Board of Advisors.
Michael Franks, Chief Executive Officer of Syncordia says, "We are thrilled with the addition of Mr. Adams to Syncordia's new Board of Advisors. Mr. Adams is a highly regarded executive and former CEO with a proven track record of growing, restructuring, and optimizing businesses through his innovation and leadership. Mr. Adams was the former CEO of REACH Air Medical Holdings and was an early investor in Health Services Integration, Inc."
"Jim's vast experience and expertise in the Emergency Medical Services ("EMS") industry will be a tremendous asset to our Company and will help advance Syncordia's long-term growth and success," says Mr. Franks.
Mr. Adams will be advising primarily on Revenue Cycle Management ("RCM") matters related to air and ground EMS, as well as on general business and strategic matters.
The Board of Advisors is being established to advise Syncordia's management team and sales and operations teams on strategic plans and specific initiatives, including both organic growth and acquisition opportunities. Members of the Board of Advisors will leverage their industry knowledge and contacts for the benefit of Syncordia and its portfolio companies.
About Jim Adams
Mr. Adams was the Chief Executive Officer of REACH Air Medical Holdings from 2001 to 2012, subsequent to which, Mr. Adams worked as a consultant to Air Medical Group Holdings, Inc. until December 2014. Mr. Adams also invested in Syncordia's wholly owned subsidiary Health Services Integration, Inc. ("HSI") in January 2003 and remained an investor in HSI until it was acquired by Syncordia in October 2014.
Mr. Adams is currently the President of Endeavor Quest, Inc, a healthcare advisory and consulting firm specializing in strategic navigation designed to optimize operational and financial performance. Mr. Adams has a proven record of leading transformative change across the healthcare spectrum. He is a well-known and active advisor on EMS services, hospital operations, organizational culture, executive leadership, and board governance.
Mr. Adams received his Master of Public Administration in Health Services from the University of San Francisco in 2000 and completed his Nursing Degree in 1986 at Pacific Union College in Angwin, California.
Commenting on his appointment, Mr. Adams said, "As a longtime EMS executive, I'm very excited about working with Syncordia to deliver the best RCM solutions to the United States. I'm thrilled to be a part of a team shaping and setting new standards in RCM."
Forward Looking Statements
Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Syncordia or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements, including the Company's inability to achieve organic growth or complete acquisitions. Additional risk factors are found in the Company's recently filed second quarter 2016 management's discussion and analysis of financial condition and results of operations. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and we assume no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.
About Syncordia Technologies and Healthcare Solutions, Corp.
We are a technology enhanced revenue cycle management ("RCM") company focused on underserved niche segments of the healthcare industry. We are building a diversified software and services business by consolidating healthcare billing providers. Our growth strategy is to acquire RCM businesses with and without software and, improve their profitability by increasing revenues and operating efficiencies using our software, and in time, commercializing the Syncordia Cloud, our cloud-based software offering, to provide customer demanded turn-key solutions from a single provider and to address compelling RCM market opportunities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Syncordia Technologies and Healthcare Solutions, Corp.
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For further information: Michael Franks, Chief Executive Officer, (647) 949-2663, [email protected]; Nicholas Badder, Director of Corporate Development and Investor Relations, (647) 308-1201, [email protected]