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Cardium Health Positioned For Market Leadership With
New Chief Executive Officer
Farmington, CT (October 2004) — Cardium Health Services, Corp.,
a leading provider of health and disease management programs to large, self-insured employers,
today announced the promotion of Daniel Cave to president and chief executive officer.
Mr. Cave had served as chief operating officer since joining Cardium Health in September
2003. Prior to his promotion, he had assumed additional responsibility for the company’s
sales and marketing functions.
From 1997 to 2000, Mr. Cave served as President of Prudential HealthCare’s Specialty
Healthcare business operation, where he had responsibility for the company’s disease
management, pharmacy benefit management, behavioral healthcare, worker’s compensation,
utilization management and long-term care business operations. Following his tenure at
Prudential HealthCare, Cave served as Vice President of Operations for CIGNA Pharmacy Management.
Mr. Cave replaces Charleen Ernst, the company’s co-founder and former CEO. Cave
commented, “On behalf of the company, I wish to thank Charleen for her contributions
and wish her well in the future.”
In addition to extensive experience at the senior executive level in the healthcare services
and employee benefits industry, Mr. Cave co-founded an early-stage cardiovascular disease
management company in the mid-1990’s.
“Dan is an accomplished executive who was recruited to the company for his strategic
vision and operating expertise in leading healthcare service businesses. Over the past
year, he has driven the redesign of Cardium Health’s operating model and service
integration capabilities, both of which have been instrumental in the company’s recent
dramatic growth“, noted Tim Buono, a principal at the Greenwich, Connecticut-based
investment firm Tullis-Dickerson & Co., Cardium Health’s largest shareholder.
Buono added “Dan is a high-energy leader with outstanding strategic skills and a
strong record of success; we’re pleased to have him as Cardium Health’s Chief
Executive.” Charles Schellhorn, President and CEO of Argus Health Systems and member
of Cardium Health’s Board of Directors, also commented, “I’ve known Dan
professionally and personally for a number of years. He is a talented leader with over
20 years of experience in virtually all aspects of employee benefits and healthcare services,
and I am confident that Cardium Health’s future is bright with Dan as the company’s
Chief Executive.”
Contact
Jennifer Kaduk
marketing@cardiumhealth.com
860.677.8900
About Cardium Health: Cardium Health is a national health
improvement and disease management company. As one of the leading providers of disease
management programs to large, self-insured employers, the company’s core focus is
on reducing healthcare costs by providing medical support and educational interventions
to those individuals with chronic conditions. The Company’s people-centered disease
management programs are based on proven clinical and economic best-practice protocols.
They include such conditions as heart disease, diabetes, asthma, COPD, back pain and smoking,
and easily integrate into employers' back-to-work and wellness initiatives. For more information
about Cardium Health and its programs, visit www.cardiumhealth.com,
email cardium@cardiumhealth.com,
or call 860.677.8900.
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