SOURCE: Rothman Healthcare Corporation
SAN FRANCISCO, CA–(Marketwire – September 21, 2010) – Rothman Healthcare Corporation (Rothman) today announced the appointment of Richard Sommer as Chief Executive Officer. “Richard is a natural fit for our company because he shares our passion for leveraging the new digital infrastructure in medicine to save lives and lower costs and because of his strong track record and background in healthcare information technology,” said Michael Rothman Ph.D., Co-Founder and Chief Science Officer. “We’ve spent over six years researching and developing our product and with Richard’s proven leadership, we can bring Rothman Healthcare into a burgeoning marketplace seeking true ‘meaningful use’ tools.”
Mr. Sommer has over 20 years of executive experience with 12 in the field of healthcare. He served as Co-Founder and CEO of De La Cruz Occupational Healthcare, Inc. and Medchannel, Inc., Chairman of the Committee for Hospital and Provider Reimbursements for the State of California, and Healthcare Economist for the State of California. As a seven-time CEO of both public and private companies, Mr. Sommer has demonstrated the ability to create strong profitable growth, substantially increase shareholder value, and bring revolutionary technologies to the marketplace. While CEO of HomeGain.com, Mr. Sommer grew revenues 250% and led the sale of the company for 29 times earnings, creating over $108 million in shareholder value. While at De La Cruz, Mr. Sommer grew revenues and earnings for ten consecutive years between 30-100% annually.
“Rothman has a long-standing commitment to improving patient care,” said Dr. G. Duncan Finlay, Chief Medical Officer and former CEO of Sarasota Memorial Hospital. “Richard understands our mission, our market and how to bring Rothman’s product to caregivers across the country.”
“I am excited to work with Rothman Healthcare,” said Sommer. “It combines my expertise in healthcare and my experience of growing promising companies with big ideas into big market players. Rothman’s technology has the potential to revolutionize the practice of medicine. I want to be a part of that paradigm shift.”
About Rothman Healthcare Corporation
Since 2004, Rothman Healthcare Corporation has been developing the Patient Condition Tracker to bridge gaps in continuity of care. Rothman’s software application uses electronic health record (EHR) data to highlight subtle declines in patient health and alert physicians in snapshot form. Rothman’s software application draws data from a hospital’s EHR system to generate and display a health score based on vital signs, nursing assessments and lab results, in a user-friendly and color-coded graphical format. The software allows clinicians to more easily understand patient conditions, offering the ability to see multiple patient graphs simultaneously for a high-level overview of a whole unit.
Rothman Healthcare Corporation is committed to improving quality and efficiency in patient care through innovative, patient-centric software enabling healthcare professionals to easily access critical and actionable patient health data. For more information, visit www.rothmanhealthcare.com.
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