NEW
YORK, Dec. 13, 2023 /PRNewswire/
-- Marpai, Inc. ("Marpai" or the "Company") (Nasdaq:
MRAI), an independent national Third-Party Administrator (TPA)
company transforming the $22 billion
TPA market supporting self-funded employer health plans, today
announced the addition of two new members to its Board of Directors
(the "Board") as part of the Company's ongoing transformation plan
and commitment to strong corporate governance and shareholder value
creation. Effective December 7, 2023,
Jennifer Calabrese and Robert Pons joined Marpai's Board as new
independent directors.
In addition, the Board will also implement a strategic plan
designed to enhance the Company's performance and drive shareholder
value creation. The actions are targeted at accelerating Marpai's
transformation and positioning the Company for both near- and
long-term success.
"We are very excited and honored to welcome Ms. Calabrese and
Mr. Pons, two accomplished and experienced business leaders, to our
board of directors," said Yaron
Eitan, Chairman of the Board. "They each bring unique
experience and perspective that will complement the skills and
background of the current board of directors."
Ms. Calabrese has been the founder and Chief Executive Officer
of Calabrese Consulting, LLC ("CCL"). Founded in 2012, CCL is a
woman-owned, full-service accounting and advisory firm with over 40
employees, serving more than 350 clients around the world. Ms.
Calabrese is a Certified Public Accountant, a Chartered Global
Management Accountant, and a member of both The American Institute
of Certified Public Accountants and The New York State Society of Certified Public
Accountants. Ms. Calabrese will serve on the Audit Committee of the
Board.
Mr. Pons has served on the board of directors of 15 publicly
traded companies, utilizing his more than 40 years of hands-on
operating experience as a Chief Executive Officer and in senior
executive positions in high growth companies and companies in need
of turnaround strategies. Mr. Pons has served as President and
Chief Executive Officer of Spartan Advisors, Inc., a management
consulting firm specializing in telecom and technology companies,
since January 2017. Mr. Pons will
serve on the Compensation Committee of the Board.
About Marpai, Inc.
Marpai, Inc. (Nasdaq: MRAI) is a leading, national TPA company
bringing value-oriented health plan services to employers that
directly pay for employee health benefits, primarily competing in
the $22 billion TPA sector serving
self-funded employer health plans representing over $1 trillion in annual claims. Marpai works to
deliver the healthiest member population for the health plan
budget. Operating nationwide, Marpai offers access to leading
provider networks including Aetna and Cigna and all TPA services.
For more information, visit www.marpaihealth.com, the content
of which is not incorporated by reference into this press
release.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements, as that
term is defined in the Private Litigation Reform Act of 1995, that
involve significant risks and uncertainties. Forward-looking
statements can be identified through the use of words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "guidance," "may," "can," "could", "will",
"potential", "should," "goal" and variations of these words or
similar expressions. For example, the Company is using forward
looking statements when it discusses that its Board will implement
a strategic plan designed to enhance shareholder value. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which reflect Marpai's current expectations and
speak only as of the date of this release. Actual results may
differ materially from Marpai's current expectations depending upon
a number of factors. These factors include, among others, adverse
changes in general economic and market conditions, competitive
factors including but not limited to pricing pressures and new
product introductions, uncertainty of customer acceptance of new
product offerings and market changes, risks associated with
managing the growth of the business. Except as required by law,
Marpai does not undertake any responsibility to revise or update
any forward-looking statements whether as a result of new
information, future events or otherwise.
More detailed information about Marpai and the risk factors that
may affect the realization of forward-looking statements is set
forth in Marpai's filings with the Securities and Exchange
Commission. Investors and security holders are urged to read these
documents free of charge on the SEC's web site
at http://www.sec.gov.
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SOURCE Marpai