BASKING RIDGE, N.J., Apr 12, 2011 -- Hooper Holmes today announced the appointments of Gurmukh Singh, MD, PhD, FCAP, MBA, CPE, as Lab Director and Patricia A. Thomas, MD, MA, FCAP, FASCP, as Assistant Lab Director for Heritage Labs International.
In his new position, Dr. Singh will oversee all day-to-day pathology-related matters at Heritage Labs, including the quality and compliance of our products and services. Dr. Singh will also serve as a liaison to current and prospective customers. Dr. Thomas, a world renowned researcher and professor of anatomic pathology and cytopathology, will serve in an advisory capacity with a focus on new lab product development.
"We are quite proud that two very talented individuals, with a combined 50+ years of experience in pathology, are now joining Heritage Labs. Their stellar reputations and knowledge will bring an even higher level of excellence to Heritage Labs and the services we provide the industry," said Ransom J. Parker, President and CEO of Hooper Holmes.
Dr. Singh is the Director Clinical Pathology of the Truman Medical Centers and Professor of Pathology at the University of Missouri at Kansas City, School of Medicine, Kansas City, MO. Dr. Thomas is an Associate Dean and tenured professor of Pathology and Laboratory Medicine at the University of Kansas Medical Center.
"We at Heritage Labs are excited about the vast experience Dr. Singh and Dr. Thomas bring to our laboratory team and are certain that with their help, we can continue to grow our long-standing relationships with our customers," said Tom Collins, Senior Vice President of Operations, Hooper Holmes -- Heritage Labs.
Day-to-day operations at the lab have been and will continue to be handled by Darla Carr, who was recently promoted from Lab Manager to Assistant Vice President of Lab Operations.
About Hooper Holmes
Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.
Hooper Holmes has four service lines. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today's tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission on March 14, 2011. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.
CONTACT: Hooper Holmes: Burt R. Wolder, 908-953-6249, Senior Vice President or S.M. Berger & Company Investors: Andrew Berger, 216-464-6400