LAKE FOREST--- InSight Health Services Holdings Corp. Names Two New Members to Senior Management Team
InSight Health Services Holdings Corp. (“InSight”) (OTCBB: ISGT) announced today the appointment of two new additions to its senior management team.
Steven M. King was named executive vice president – sales and marketing, and Keith S. Kelson executive vice president and chief financial officer, replacing Mitch C. Hill, who is leaving the company effective November 1, 2008, as previously announced.
King, who brings a successful track record of more than 20 years of healthcare sales and marketing leadership, will report directly to President and CEO Kip Hallman in this newly created role. Prior to this appointment, he served as director and vice president of sales of Irvine, Calif.-based HeartSmart Technologies. Earlier in his career, King worked in executive and sales management positions with IVAC Corporation and Pyxis Corporation (a division of Cardinal Health). At Pyxis, he led the company’s largest business unit and was instrumental in taking sales from startup to $225 million in six years. King’s experience spans all phases of sales and marketing, from product launch to rapid growth sales leadership. He has led sales initiatives for healthcare products and services organizations that reach a broad spectrum of settings, including hospitals, physician practices, health systems and group purchasing organizations.
A graduate of Middle Tennessee State University, King resides with his family in Encinitas, Calif.
As CFO, Kelson will oversee all financial functions of the company, also reporting to Hallman. Kelson brings more than 10 years of senior financial leadership experience to InSight. Previously, he served as chief financial officer of Dallas, Tex.-based Securus Technologies, Inc., where he managed the financial functions of the national telecommunications company. Kelson has extensive merger and acquisition, debt financing and investor relations experience. He also brings operational and analytic expertise as well as experience with SEC reporting, internal auditing and Sarbanes-Oxley implementation.
Kelson, a Cum Laude graduate of Texas Christian University and a Texas CPA, resides in Laguna Beach, Calif.
Hallman commented on the appointments, stating: “We welcome Steve and Keith to the company. Their appointments conclude our national search for key executives to round out and further strengthen InSight’s senior management team. We believe that Steve’s and Keith’s backgrounds and leadership will greatly benefit InSight as we continue to improve our operating performance and enhance our market position.”
Safe Harbor
The foregoing contains forward-looking statements regarding InSight. They reflect InSight’s current views with respect to current events and financial performance, are subject to many risks, uncertainties and factors relating to InSight’s operations and business environment which may cause the actual results of InSight to be materially different from any future results, express or implied by such forward-looking statements. InSight intends that such forward-looking statements be subject to the Safe Harbor created by Section 27(a) of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. The words and phrases “expect,” “estimate,” and “anticipate” and similar expressions identify forward-looking statements. Certain factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) InSight’s ability to successfully implement its core market strategy; (ii) overcapacity and competition in InSight’s markets; (iii) reductions, limitations and delays in reimbursement by third-party payors; (iv) contract renewals and financial stability of customers; (v) conditions within the healthcare environment; (vi) the potential for rapid and significant changes in technology and their effect on InSight’s operations; (vii) operating, legal, governmental and regulatory risks; and (viii) economic, political and competitive forces affecting InSight’s business.
About InSight
InSight, headquartered in Lake Forest, Calif., is a provider of diagnostic imaging services through a network of fixed-site centers and mobile facilities. InSight serves a diverse portfolio of customers, including healthcare providers, such as hospitals and physicians, and payors, such as managed care organizations, Medicare, Medicaid and insurance companies, in over 30 states, including the following targeted regional markets: California, Arizona, New England, the Carolinas, Florida and the Mid-Atlantic states. As of June 30, 2008, InSight’s network consists of 82 fixed-site centers and 110 mobile facilities.
For more information, please visit www.insighthealth.com.