02.08.2007 14:00:00
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Computer Programs and Systems Names Darrell West Vice President - Finance and Chief Financial Officer
Computer Programs and Systems, Inc. (NASDAQ:CPSI) today announced that
Darrell G. West, age 40, is being promoted from the Company’s
Controller to Vice President – Finance and
Chief Financial Officer, effective November 1, 2007. He will be
replacing M. Stephen Walker, who is retiring from the Company effective
October 31, 2007. Both Mr. Walker and Mr. West will continue in their
current roles until October 31. Mr. Walker will remain in a consulting
role with the Company for a period of three months after his retirement.
Commenting on the announcement, Boyd Douglas, Chief Executive Officer
and President of CPSI, stated, "We are very
fortunate to have such a qualified candidate within our ranks to promote
to the position of Vice President – Finance
and Chief Financial Officer upon Steve’s
retirement. Darrell has served as Controller of the Company since
January 2002, and, prior to joining CPSI, he had served as Chief
Financial Officer of a hospital and as an accountant for an
international accounting firm where the majority of his clients
consisted of healthcare related entities. Steve has been an invaluable
member of our management team for the last 16 years, and we are very
grateful for his many contributions. We will certainly miss Steve’s
leadership and work ethic, and we wish him an enjoyable retirement.” About Computer Programs and Systems, Inc.
CPSI is a leading provider of healthcare information solutions for
community hospitals with over 600 client hospitals in 46 states. Founded
in 1979, the Company is a single-source vendor providing comprehensive
software and hardware products, complemented by complete installation
services and extensive support. Its fully integrated, enterprise-wide
system automates clinical and financial data management in each of the
primary functional areas of a hospital. CPSI’s
staff of over 800 technical, healthcare and medical professionals
provides system implementation and continuing support services as part
of a comprehensive program designed to respond to clients’
information needs in a constantly changing healthcare environment. For
more information, visit www.cpsinet.com.
This press release contains forward-looking statements within the
meaning of the "safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified generally by the use of
forward-looking terminology and words such as "expects,” "anticipates,” "estimates,” "believes,” "predicts,” "intends,” "plans,” "potential,” "may,” "continue,” "should,” "will” and words
of comparable meaning. Without limiting the generality of the
preceding statement, all statements in this press release relating to
estimated and projected earnings, margins, costs, expenditures, cash
flows, growth rates and future financial results are forward-looking
statements. We caution investors that any such forward-looking
statements are only predictions and are not guarantees of future
performance. Certain risks, uncertainties and other factors may
cause actual results to differ materially from those projected in the
forward-looking statements. Such factors may include: overall
business and economic conditions affecting the healthcare industry;
saturation of our target market and hospital consolidations; changes in
customer purchasing priorities and demand for information technology
systems; competition with companies that have greater financial,
technical and marketing resources than we have; failure to develop new
technology and products in response to market demands; fluctuations in
quarterly financial performance due to, among other factors, timing of
customer installations; failure of our products to function properly
resulting in claims for medical losses; government regulation of our
products and customers, including changes in healthcare policy affecting
Medicare reimbursement rates; interruptions in our power supply and/or
telecommunications capabilities and other risk factors described from
time to time in our public releases and reports filed with the
Securities and Exchange Commission, including, but not limited to, our
Annual Report on Form 10-K. We also caution investors that the
forward-looking information described herein represents our outlook only
as of this date, and we undertake no obligation to update or revise any
forward-looking statements to reflect events or developments after the
date of this press release.
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Aktien in diesem Artikel
Computer Programs and Systems Inc. (CPSI) | 8,60 | -14,85% |
Indizes in diesem Artikel
NASDAQ Comp. | 19 218,17 | 0,83% |