Priority Healthcare Announces Retirement of Don Perfetto; Tracy Nolan Appointed New EVP, COO
16 March 2004 - 1:48AM
PR Newswire (US)
Priority Healthcare Announces Retirement of Don Perfetto; Tracy
Nolan Appointed New EVP, COO LAKE MARY, Fla., March 15
/PRNewswire-FirstCall/ -- Priority Healthcare Corporation today
announced the retirement of Executive Vice President and Chief
Operating Officer, Don Perfetto, effective June 30, 2004. Tracy
Nolan, formerly Vice President, Operations, Mail Service Pharmacy
at Wellpoint Health Networks, has been appointed Executive Vice
President and Chief Operating Officer. Until his retirement, Mr.
Perfetto will be Executive Vice President, Special Projects. Mr.
Perfetto will also resign from the Priority Healthcare Board of
Directors, effective at the May 17, 2004 Board of Directors
meeting. "Don Perfetto and I initiated discussion about his
retirement last summer to assure a smooth transition. He has
provided tremendous leadership to Priority Healthcare since our IPO
in 1997, initially as the Chief Financial Officer and then in 2002
as our Chief Operating Officer. He has been instrumental in our
growth from a $200 million enterprise to a Fortune 1000 company
today. We sincerely appreciate Don's contribution and wish him the
best in his retirement," stated Steve Cosler, President and Chief
Executive Officer. Mr. Cosler continued, "Iam very excited to add
Tracy Nolan to the Priority Healthcare executive leadership team as
our new Chief Operating Officer. Tracy brings tremendous
distribution and pharmacy expertise to the company with a
background and experience that include 14 years at Federal Express,
as well as executive positions at Merck Medco, drugstore.com and at
Wellpoint. He is a respected leader in our industry with an
outstanding reputation as a strong operator. Tracy is the right
executive to help us meet our current challenges, maximize our
opportunities, and to maintain and grow Priority Healthcare's
leadership position in the industry." About Priority Healthcare
Corporation Priority Healthcare Corporation is a national specialty
pharmacy and distributor that provides biopharmaceuticals, complex
therapies, and related disease treatment services. Priority
Healthcare provides comprehensive programs for patients, payors,
physicians, and pharmaceutical manufacturers for a growing number
of disease states including cancer, hepatitis C, respiratory and
pulmonary conditions, infertility, rheumatoid arthritis,
hemophilia, multiple sclerosis, and macular degeneration. Certain
statements included in this press release, which are not historical
facts, are forward-looking statements. Such forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements represent our expectations or beliefs
and involve certain risks and uncertainties, including those
described in our public filings with the United States Securities
and Exchange Commission; also including, but not limited to,
changes in interest rates, competitive pressures, changes in
customer mix, changes in third party reimbursement rates, financial
stability of major customers, changes in government regulations or
the interpretation of these regulations, changes in supplier
relationships, growth opportunities, cost savings, revenue
enhancements, synergies and other benefits anticipated from
acquisition transactions, difficulties relative to integrating
acquired businesses, the accounting and tax treatment of
acquisitions, and asserted and unasserted claims, which could cause
actual results to differ from those in the forward-looking
statements. The forward-looking statements by their nature involve
substantial risks and uncertainties, certain of which are beyond
our control, and actual results may differ materially depending on
a variety of important factors. You are cautioned not to place
undue reliance on these forward-looking statements that speak only
as of the date herein.
http://www.newscom.com/cgi-bin/prnh/20030417/PHCLOGO
http://photoarchive.ap.org/ DATASOURCE: Priority Healthcare
Corporation CONTACT: Stephen Saft, Chief Financial Officer,
+1-407-804-6700, or Kirsten Ayars, Public Relations Manager,
+1-407-804-5826, both of Priority Healthcare
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