Advocat Announces Appointment of James R. McKnight, Jr. as Executive Vice President and Chief Financial Officer
25 Julio 2012 - 7:00AM
Advocat Inc. (Nasdaq:AVCA), a premier provider of long term care
services primarily in the Southeast and Southwest, today announced
the appointment of James R. McKnight, Jr. as the Company's
Executive Vice President and Chief Financial Officer, effective
August 20, 2012. In his new role, Mr. McKnight will assume
responsibilities for the Company's financial activities including
direct oversight and management of financial staff as well as
long-term budgetary planning, cost management policies,
acquisitions financing and banking relationships in line with the
Company's growth initiatives.
Commenting on the appointment, Kelly Gill, the Company's
President and Chief Executive Officer, stated, "We are extremely
pleased to have Jay join the Advocat executive management team at a
key time for the Company. We are confident that Jay's leadership,
finance and accounting depth along with his diverse corporate
development experiences will make him a strong and valuable
contributor to our company as we grow. We are pleased to have
someone with Jay's enthusiasm and financial experience joining
us."
Mr. McKnight brings extensive corporate development,
finance and accounting experience and leadership capabilities to
the Advocat executive team. Prior to joining the Company, Mr.
McKnight served as Chief Financial Officer of NuScriptRX. Mr.
McKnight joined NuScriptRX in May 2009 in a senior financial role
and was promoted to CFO in 2010. He served as Vice President,
Corporate Controller from July 2005 to January 2009 at Take Care
Health Systems, Employer Solutions Group, and its predecessor
company I-trax, Inc. Take Care Health Employer Solutions was
formed by Walgreen Co. by the acquisition of I-trax, Inc. and Whole
Health Management Solutions. While at Take Care Health Systems, Mr.
McKnight led financial reporting (internal and external) and
analysis; forecasting; accounting and control activities and
banking relations.
Earlier in his career, Mr. McKnight served as Director of
Financial Reporting and Quality Assurance at American HomePatient,
Inc. and as an Audit Manager with Ernst & Young LLP and Arthur
Andersen LLP. Mr. McKnight received a Bachelor of Science
degree in accounting from Louisiana Tech University and is a
certified public accountant licensed in multiple states.
Advocat provides long-term care services to patients in 47
skilled nursing centers containing 5,445 licensed nursing beds,
primarily in the Southeast and Southwest. For additional
information about the Company, visit Advocat's web site:
www.advocatinc.com.
CONTACT: Company Contact:
Kelly J. Gill
Chief Executive Officer
615-771-7575
Investor Relations:
Charles Lynch
Westwicke Partners
443-213-0504
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