Walter D. Hosp Named Chief Financial Officer at AMC Health

          Walter D. Hosp Named Chief Financial Officer at AMC Health

Senior financial executive will help telehealth innovator enhance financial
operations and accelerate growth

PR Newswire

NEW YORK, May 22, 2014

NEW YORK, May 22, 2014 /PRNewswire/ --In yet another sign of the company's
continuing growth and market leadership in developing innovative end-to-end
telehealth solutions, AMC Health  today announced that Walter D. Hosp has been
appointed to the newly created position of Chief Financial Officer, starting
on July 7, 2014. During his 25 years of experience in multiple industries, Mr.
Hosp has led all aspects of financial and administrative management, including
spearheading strategies to secure the highest financial return on capital;
optimizing financial and business workflow processes; and analyzing,
negotiating and integrating new business opportunities.

Headquartered in New York City, AMC Health is a leading provider of telehealth
solutions that provide customized, scalable, cost-effective programs that
assist organizations serving at-risk populations and those conducting clinical
trials. A proven combination of technology and end-to-end support services
enables safe, dependable monitoring at home. AMC Health's remote patient
monitoring programs deliver clinically actionable information that enhances
care coordination, improves patient outcomes...

Hiring Mr. Hosp further demonstrates AMC Health's commitment to enhancing the
strength of its senior management team as well as the company overall. His
broad-based expertise includes control, treasury, planning and analysis,
corporate development, investor relations, information technology, legal, risk
management, compliance and human resource functions. This will help AMC Health
enhance its financial operations to accommodate the company's continued
growth, which is being fueled by the escalating need for the company's proven
telehealth solutions in the emerging value-based healthcare delivery system.

Mr. Hosp's many accomplishments include directing more than $20 billion in
various financing transactions, managing more than 25 merger and acquisition
transactions and building several innovative financial organizations. He
currently serves as a Director and Chair of the Audit Committee for the
Trustwave Holdings, Inc. Board and was formerly on the boards of Bostwick
Laboratories, Inc., Hexcel Corporation and the United Way of Westchester and
Putnam Counties where he served as Chairman of the Board.

The healthcare industry veteran comes to AMC Health after serving seven years
as Executive Vice President, CFO and Chief Administrative Officer of HMS
Holdings Corporation, a publicly traded leader in cost-containment solutions
for government and private healthcare payers. During his tenure as CFO,
revenues more than tripled from approximately $150 million to $500 million,
and he managed the acquisition of seven companies.

Previously, Mr. Hosp spent five years as Vice President and Treasurer of Medco
Health Solutions, Inc. (now Express Scripts), then a $38 billion publicly
traded company and the largest pharmaceutical benefits manager in the U.S. He
led the financing activities for the spin-off of Medco from Merck & Co. and
the acquisition of Accredo Health. His extensive resume also includes six
years as CFO and President of the Business Support Center at CIBA Specialty
Chemicals Corporation (now BASF Corporation), as well as six years as Vice
President and Treasurer of CIBA-Geigy Corporation (now Novartis Corporation),
a U.S. subsidiary of an $18 billion pharmaceutical, agricultural chemicals and
specialty chemicals company.

"AMC Health is at the forefront of a revolution in the way healthcare is
delivered," said Nesim Bildirici, President and CEO of AMC Health. "We have
the opportunity to make a difference in the health and lives of millions of
Americans and their families. Adding Walter to our executive team ensures we
have the financial acuity that will allow us to take full advantage of all the
opportunities before us. Attracting a CFO of Walter's caliber and
accomplishments demonstrates the strength of our business and financial
position, and shows that AMC Health is poised for explosive growth over the
next few years. We are delighted to welcome him to the team."

"As the transformation of the healthcare delivery system evolves, ACOs, health
systems, hospitals, payers and other healthcare organizations are increasingly
recognizing that AMC Health's telehealth solutions can improve their clinical
and financial outcomes by addressing traditional gaps in care, engaging
patients and providing the monitoring, care and interventions needed to
eliminate preventable emergency department visits and hospitalizations," said
Walter Hosp.

He continued, " AMC Health is also a pioneer in re-inventing clinical trials
by introducing e-visits and remote monitoring for costly and often
inconvenient in-person site visits. By eliminating many of the obstacles that
inhibit enrollment or cause patients to drop out of clinical studies, AMC
Health can substantially improve patient recruitment and retention, safety and
data quality while reducing costs and time to market. This is clearly a
company on the move that believes in developing forward-looking applications.
I look forward to working with the management team to take advantage of the
vast array of growth opportunities."

Mr. Hosp received his master's of business administration degree in finance
from New York University (NYU) Graduate School of Business. He graduated Magna
Cum Laude with a bachelor's degree in finance/economics from NYU, and he
earned an associate degree in business administration from the State
University of New York at Farmingdale.

For photo of Mr. Hosp, please click here.

Tweet This: The team @AMCHealth is proud to welcome Walter D. Hosp as CFO.
http://bit.ly/1oUhKLj | #telehealth

About AMC Health
Headquartered in New York City, AMC Health is a leading provider of telehealth
solutions that provide customized, scalable, cost-effective programs that
assist organizations serving at-risk populations and those conducting clinical
trials. A proven combination of technology and end-to-end support services
enables safe, dependable monitoring at home. AMC Health's remote patient
monitoring programs deliver clinically actionable information that enhances
care coordination, improves patient outcomes, improves the quality and reduces
the cost of clinical trials, and reduces the overall cost of healthcare. For
more information, visit www.amchealth.com.

Contact: Jan Shulman
Amendola Communications for AMC Health
jshulman@acmarketingpr.com
480-664-8412 ext. 12

Logo - http://photos.prnewswire.com/prnh/20140221/MM69904LOGO

SOURCE AMC Health

Website: http://www.amchealth.com
 
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