Cardium Health Appoints Two New Members to Board of Directors

Business Wire, July 20, 2004

FARMINGTON, Conn. -- Cardium Health, a Connecticut-based national disease management company and one of the leading providers of disease management programs to Fortune 1,000 companies, recently announced the addition of two new members to its board of directors; Charles W. Schellhorn, President/CEO of Argus Health Systems, Inc. and Kevin W. Kelly, President/CEO of Medical Risk Management, LLC (MRM) and KLN Specialty Insurance LLC.

Schellhorn brings to Cardium over 20 years of experience as an influential thought-leader within the healthcare industry. As the current president and CEO of Argus Health Systems, Schellhorn is responsible for all operations, including, production, sales, development, marketing, and customer/client services. Argus is provider of claims processing, information services and administrative support for pharmacy program management and in 2003 provided services for over 24 million lives and processed over 200 million claims. Schellhorn holds an MBA from Harvard University and a BS in Applied Mathematics from Harvard.

Kelly, President and CEO of MRM/KLN Specialty Insurance LLC, brings over 20 years of experience in the healthcare, health insurance industry. Kelly as CEO, directs all operations of MRM/KLN. MRM/KLN are specialty insurance/risk management related companies that assist healthcare providers, malpractice insurance captives and medical liability underwriters in better defining, developing and implementing risk management solutions and loss control programs. Prior to developing MRM/KLN Kelly was the founder and CEO of MedSpan Inc., a $250+ million regional HMO sold to Oxford Health Plans. Recently, he has also served as a consultant for the University of Connecticut Health Center in development of their Signature Programs, Calhoun Cardiology Center, Bone Biology and Musculoskelatal Institute, and the UCONN Comprehensive Cancer Center. Kelly earned his masters and undergraduate degrees from Yale University and Providence College respectively.

Schellhorn and Kelly currently join the 7-member board of directors which functions as the governing body of Cardium Health Services. Other representatives include Tullis-Dickerson & Co., Inc., (www.tullisdickerson.com), a healthcare private equity firm; Connecticut Innovations, Inc., (www.ctinnovations.com), a quasi-public organization that makes equity investments in entrepreneurial, high-technology, Connecticut companies; and senior management from Cardium.

About Cardium Health: Cardium Health is a national health and disease management company that partners with large, self-insured employers and managed care organizations to reduce the direct and indirect medical costs associated with chronic illnesses (such as heart disease, diabetes, and respiratory disease). Cardium Health's prevention and health management programs are based on proven clinical and economic best-practice protocols and are supported by the company's proprietary software technology, DM Track(SM). For more information about Cardium Health, its programs and services, visit www.cardiumhealth.com, or contact Jennifer Kaduk at jkaduk@cardiumhealth.com or 860.677.8900.