Press Release Author = Bruce Colburn/The Landau Group
Industry = Healthcare
Press Release Summary = THE LANDAU GROUP PROMOTES MARK SAMMARTANO TO SENIOR VICE PRESIDENT AND CHIEF OPERATING OFFICER AND HARRY ALBERT TO VICE PRESIDENT OF COLLECTION OPERATIONS
NAMES MICHAEL HOLLAND SENIOR VICE PRESIDENT, SALES AND MARKETING
Press Release Body = Reading, Pennsylvania - March 22, 2006 -The Landau Group ("TLG") today announced that it has promoted two executives and has named another to lead TLG's sales and marketing efforts.
Mark Sammartano, a Vice President, who, in 1998, founded TLG's business process outsourcing business, LRS Healthcare Group, assumed the role of Senior Vice President and Chief Operating Officer of LTG, a new position created to oversee and coordinate the Company's business process outsourcing, collections and information technology services.
Harry Albert, an officer of TLG since [2002] assumed the role of Vice President of Collection Operations, with responsibility for TLG's collection operations business, Accounts Recover Bureau, Inc., and reporting to Mr. Sammartano.
"Mark and Harry have been instrumental in leading TLG in its recent growth and to its current levels of profitability," said Mr. Colburn, TLG's President and Chief Executive Officer. "I look forward to working closely with them in their new positions as we implement our targeted growth strategy."
Further enhancing the management team, TLG today also announced that it has named veteran healthcare sales and marketing executive, Michael Holland, as Senior Vice President, Sales and Marketing, TLG's first dedicated either sales or marketing executive position. Both Mr. Holland and Mr. Sammartano report to Mr. Colburn.
Mr. Holland, who recently joined TLG, will be responsible for all sales and marketing activities, including building the Company's sales force and initiating a number of marketing initiatives to promote the Company's capabilities and reputation for service excellence established over the last 30 years. His mandate will also include coordinating with senior management the alignment of TLG activities and services with the Company\'s current and emerging strategic direction.
"We are actively exploring many new business opportunities and are anxious to increase market awareness of our substantial experience, depth of management talent, state-of the-art technology, and high degree of customer satisfaction,\" said Mr. Colburn. \"Mr. Holland brings more than 30 years of industry knowledge and networking experience to the Company. This, along with his business process outsourcing and account receivable collection cycle management expertise, fits well with TLG\'s current and emerging requirements as we continue to seek to identify opportunities to enhance our Company's reputation and market share.\"
Most recently, Mr. Holland was Chief Revenue Officer for Universata. During his tenure, he was responsible for all sales and marketing activities for this company, which provided web-based patient information services. Before joining Universata in 2004, Mr. Holland spent more than 14 years in officer-level software sales and marketing positions with Siemens and Lawson Software, both world leaders, providing solutions to the healthcare industry.
Mr. Holland spent the earlier part of his career in hospital finance functions, including the business office, providing him with a full range of experiences in the healthcare provider revenue cycle function.
About TLG
TLG, is a d/b/a holding company developing revenue cycle management services that focus primarily on healthcare providers and municipalities, consisting of Accounts Recovery Bureau, Inc. ("ARB"), a well-know national collection agency and Associated Credit Systems, Inc. ("ACS"), a well-known national business process outsourcing and information technology services company d/b/a LRS Healthcare Group and Landau Data Processing, respectively. In January 2006, a company was formed to acquire 100% of the stock of ARB and ACS. CCP Equity Partners, based in Hartford, CT and SightLine Partners, based in Minneapolis, MN, led the financing, which also included New York City-based Quilvest Private Equity.
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Web Site = http://www.landaugrp.com
Contact Details = CONTACT: Bruce Colburn The Landau Group (610) 378-5000 Extension 1050