Business Services Industry

Pacer Health Corporation Names Chief Operating Officer of Non-Medical Division

Business Wire, May 15, 2008

MIAMI -- Pacer Health Corporation today appointed Tina M. Vidal as Chief Operating Officer (COO) for the non-medical segment of Pacer Health Corporation (OTCBB:PHLH), a Miami-based turnaround management company focused on financially-distressed healthcare and non-healthcare business markets.

Vidal will oversee new subsidiary operations and acquisitions through Pacer's recently created, Pacer Logistics, LLC. Focused on turning around financially distressed companies in different market segments, this new division of Pacer Health Corporation will seek turnaround opportunities beyond the healthcare arena.

Vidal brings extensive experience in turning around financially distressed facilities and managing the integration and corporate renewal of acquired businesses. In this position, Vidal will implement corporate objectives.

Prior to taking on her new role, Vidal served as the company's vice president of business development and integration and has held a position as director of corporate operations. Vidal holds a bachelor's degree in international business and marketing and a master's degree in international business from Florida International University. Company management believes her working knowledge of the company will be instrumental in ensuring the success of the company's expansion into other market segments.

"Ms. Vidal will play an important role in executing our long-term growth strategy. We are pleased she has accepted this new role," said Rainier Gonzalez, President and Chief Executive Officer of Pacer Health Corporation. "Ms. Vidal has a strong operational background and brings core leadership experience in areas including mergers and acquisitions, as well as strategic planning, that she has gained during her tenure at Pacer."

"I look forward to working with the Pacer team on expanding into other industry markets and adding to the long term growth of the company," said Vidal. "Our expansion into the non-medical turnaround market will provide the company with new opportunities and I am excited to be part of this process."

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments including and beyond the healthcare arena. Pacer is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast as well as a division that focuses on restructuring, reorganization and turnarounds of financially distressed companies. Please visit http://www.pacerhealth.com for more information.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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