Pediatric Services of America, Inc. (Nasdaq: PSAI) announces today the appointments of Phyllis Yale and Daniel J. Kohl, PSAI's President and CEO, to the Company's Board of Directors. Both directors were elected by an overwhelming majority of stockholders at the Annual Meeting of Stockholders held today and will serve for a three-year term expiring at the 2009 annual meeting of stockholders. PSAI's Board of Directors consists of seven members, five of whom are independent directors. Ms. Yale is a partner with Bain & Company, where she provides corporate strategy consultation in the healthcare sector, since 1982. Ms. Yale has served on the Board of Trustees of the Bridgespan Group, a consulting and publishing firm serving the non-profit sector, since 2000. In addition, she has served as a director since 1999 and sits on the Nominating Committee of the United Way of MassBay and has been a director of the Boston Chamber of Commerce since 2002. "Phyllis is an outstanding addition to our Board," said Daniel Kohl, President and CEO of PSAI. "With her significant experience in healthcare, coupled with her outstanding strategic perspective, she will make a substantial contribution to PSAI's Board of Directors. We are delighted she is joining us." Ms. Yale received her Bachelor of Arts (A.B.) degree from Harvard University in 1978, and an M.B.A. from the Harvard Business School in 1982. She is a frequent speaker on topics relating to health care, strategy development and organizational development, and she has been published in the Harvard Business Review. PSAI provides comprehensive pediatric home health care services through a network of over 100 branch offices in 19 states, including satellite offices and branch office start-ups. Through these offices PSAI provides a combination of services, including pediatric private duty nursing (PDN), pediatric day treatment centers (PPECs), and respiratory therapy and equipment services (RTES). Additional information on PSAI may be found on the Company's website at www.psakids.com. NOTE: Forward looking statements made in this release involve a number of risks and uncertainties, certain of which are beyond our control, including, but not limited to changes in government regulation and health care reforms, ability to execute the Company's strategic programs, ability to improve accounts receivable collections, changing economic and market conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings. Any forward looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event.
Pediatric Services OF America (NASDAQ:PSAI)
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