FRISCO, Texas, Jan. 11, 2021 /PRNewswire/ -- Addus HomeCare
Corporation (NASDAQ: ADUS), a provider of home care services, today
announced that Veronica
Hill-Milbourne and Esteban López, M.D. have been appointed
to the Company's Board of Directors, effective January 11, 2021.
Ms. Hill-Milbourne is President and Chief Executive Officer of
Spectrum Health Services, Inc., with executive oversight of three
Federally Qualified Health Centers located in Philadelphia, Pennsylvania. She previously
served as Chief Executive Officer/State Director for Pathways by
Atar Capital, with executive oversight of mental and behavioral
health home and community-based service programs operating in 30
counties throughout Pennsylvania.
Prior to this position, she held senior executive leadership roles
with healthcare organizations in Philadelphia including Health Transformation
Alliance, Health Partners Plans, Independence Blue Cross, the
Inglis Foundation and The Visiting Nurse Association of
Greater Philadelphia. Her
community volunteer work includes serving as a Board Director of
the Health Federation of Philadelphia, Chair of the Board of Visitors
for the Temple University College of
Public Health, and as a Councilwoman for Horsham Township in Montgomery County, Pennsylvania.
Ms. Hill-Milbourne has a Bachelor of Science degree in Nursing
from Villanova University College of
Nursing, a Master of Science degree in Health Education from
Saint Joseph's University, and a Juris
Doctor from Temple University College
of Law. She is a licensed Registered Nurse in Pennsylvania.
Dr. López currently serves as Market Lead-Americas, Healthcare
and Life Sciences for Google Cloud, with executive responsibility
for strategy, thought leadership and product development for a
multinational technology company. He previously served as Chief
Medical Officer for Clinical Strategy and Innovation for Health
Care Service Corporation (HCSC), the fourth largest health insurer
in the U.S. and the nation's largest member-owned health insurance
company. Prior to this position, he was President of the Southwest
Texas Region for Blue Cross Blue Shield of Texas, as well as Chief Medical Officer, where
he had oversight responsibility for sales, network, medical and
community affairs for a 1.8-million-member business. He has been an
active volunteer in the San Antonio,
Texas, community and is currently an advisor to UNIT
Innovations and served on the Board of The Texas Lyceum. He
previously held executive committee roles with the San Antonio
Economic Development Foundation, the San
Antonio Mayor's Fitness Council, and the San Antonio
Hispanic Chamber of Commerce.
Dr. López has a Bachelor of Arts degree in Biology from the
University of California, Santa Cruz,
and has an M.D. from Michigan State
University and an MBA from the University of Texas at Dallas.
Dirk Allison, President and Chief
Executive Officer, commented, "We welcome Veronica and Esteban to
the Addus Board of Directors as new independent directors. Their
collective healthcare business experience and knowledge as
healthcare professionals will provide valuable insight as we
continue to expand our reach in the home care market. They each
bring unique talents that will complement the work of our existing
board members. Together, we look forward to the opportunities ahead
for Addus in 2021 and beyond."
Forward-Looking Statements
Certain matters discussed in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements may be identified by words such as "preliminary,"
"continue," "expect," and similar expressions. These
forward-looking statements are based on our current expectations
and beliefs concerning future developments and their potential
effect on us. Forward-looking statements involve a number of risks
and uncertainties that may cause actual results to differ
materially from those expressed or implied by such forward-looking
statements, including discretionary determinations by government
officials, the consummation and integration of acquisitions,
anticipated transition to managed care providers, our ability to
successfully execute our growth strategy, unexpected increases in
SG&A and other expenses, expected benefits and unexpected costs
of acquisitions and dispositions, management plans related to
dispositions, the possibility that expected benefits may not
materialize as expected, the failure of the business to perform as
expected, changes in reimbursement, changes in government
regulations, changes in Addus
HomeCare's relationships with referral sources, increased
competition for Addus HomeCare's
services, changes in the interpretation of government regulations,
the uncertainty regarding the outcome of discussions with managed
care organizations, changes in tax rates, the impact of adverse
weather, higher than anticipated costs, lower than anticipated cost
savings, estimation inaccuracies in future revenues, margins,
earnings and growth, whether any anticipated receipt of payments
will materialize, the anticipated impact to our business
operations, reimbursements and patient population due to the recent
COVID-19 global pandemic, caused by a novel strain of the
coronavirus (COVID-19), and other risks set forth in the Risk
Factors section in Addus HomeCare's
Annual Report on Form 10-K filed with the Securities and Exchange
Commission on August 10, 2020, which
is available at www.sec.gov. The financial information described
herein and the periods to which they relate are preliminary
estimates that are subject to change and finalization. There is no
assurance that the final amounts and adjustments will not differ
materially from the amounts described above, or that additional
adjustments will not be identified, the impact of which may be
material. Addus HomeCare undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
In addition, these forward-looking statements necessarily depend
upon assumptions, estimates and dates that may be incorrect or
imprecise and involve known and unknown risks, uncertainties and
other factors. Accordingly, any forward-looking statements included
in this press release do not purport to be predictions of future
events or circumstances and may not be realized.
About Addus HomeCare
Addus HomeCare is a provider of
home care services that primarily include personal care services
that assist with activities of daily living, as well as hospice and
home health services. Addus
HomeCare's consumers are primarily persons who, without
these services, are at risk of hospitalization or
institutionalization, such as the elderly, chronically ill and
disabled. Addus HomeCare's payor
clients include federal, state and local governmental agencies,
managed care organizations, commercial insurers and private
individuals. Addus HomeCare
currently provides home care services to approximately 45,000
consumers through 215 locations across 23 states. For more
information, please visit www.addus.com.
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SOURCE Addus HomeCare Corporation