- 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.