ClearStar,Inc. Todd Shoulberg promoted to President, MIS
16 July 2019 - 4:00PM
RNS Non-Regulatory
TIDMCLSU
ClearStar,Inc.
16 July 2019
16 July 2019
ClearStar, Inc.
("ClearStar" or the "Company")
ClearStar promotes Todd Shoulberg to President, Medical
Information Services
ClearStar (AIM: CLSU), a provider of Human Capital IntegritySM
technology-based services specialising in background and medical
screening, is pleased to announce that Todd Shoulberg has been
promoted to President, Medical Information Services, with immediate
effect.
Since joining ClearStar in 2007 as Executive Vice President,
Medical Information Services ("MIS"), Todd has been instrumental in
the growth of this business. Over the last five years, MIS revenue
has increased over 110% to $8.3 million in 2018, accounting for 41%
of total sales. In the first half of 2019, sales in MIS were 25%
higher than in H1 2018. ClearStar has continually expanded and
enhanced its MIS offer - from drug screening to clinical testing
and occupational health, and developing its differentiated ClearMD
mobile solution that greatly facilitates the test ordering and
review process for employees. ClearStar has achieved integrations
with all three major laboratories in the US so employees can use
ClearMD with over 9,500 test locations, and the Company has
established a total network of more than 18,000 medical test sites.
This momentum is expected to continue with MIS remaining
ClearStar's primary growth driver by service offering.
Robert Vale, CEO of ClearStar, said: "The expansion of our
medical screening business has been fundamental to ClearStar's
growth and continues to be our key driver by service offering. Todd
has been instrumental to this success and we're delighted to
promote him to President of Medical Information Services. His
skills and expertise, supported by his talented team, have
contributed to the solid execution of our strategies to grow our
MIS sales. As we continue to invest in advancing our
technologically-differentiated solutions, and broaden our reach
into new markets, we look forward to reporting further
progress."
In his role as President, Todd will continue to provide
direction and leadership of the MIS business and daily operations
of ClearStar's Medical Review Office, which implements independent
and expert scrutiny of laboratory results under medical
confidentiality. He is also responsible for ensuring that drug
testing is conducted in compliance with state, federal and local
regulations.
Enquiries:
ClearStar, Inc. +1 877 796 2559
Robert Vale, Chief Executive Officer
Jennifer Balleza, Chief Financial Officer
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finnCap Ltd. +44 20 7220 0500
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- Corporate Finance
Andrew Burdis - ECM
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Luther Pendragon Ltd. +44 20 7618 9100
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Harry Chathli, Claire Norbury, Joe Quinlan
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About ClearStar
ClearStar, Inc. is a leading provider of Human Capital
IntegritySM technology-based services specialising in background
and medical screening. It provides employment intelligence direct
to employers and via channel partners/consumer reporting agencies
("CRAs") to support better recruitment and other decisions
affecting employees by increasing the quality, reliability and
visibility of information.
A seven-time Inc. 5000 honouree and founding member of the
National Association of Professional Background Screeners,
ClearStar has provided innovative technology solutions to
businesses in the human capital management industry from its
corporate offices in Alpharetta, Georgia since 1995. For more
information about ClearStar, please visit: www.clearstar.net.
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END
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