BASKING RIDGE, N.J., Jan 03, 2011 -- Hooper Holmes (NYSE Amex:HH) today announced the promotion of Lori E. Gorman to the newly-created position of Chief Operations Officer.
"Our operations and business processes must continue to be competitive advantages that help us meet customer needs and improve our operating and financial performance," said Ransom J. Parker, President and CEO of Hooper Holmes. "Lori has a terrific track record in increasing labor efficiency and productivity. As Chief Operations Officer, I am confident that Lori will help us leverage our examiner network, service offerings and technology platforms for future growth."
Ms. Gorman joined Hooper Holmes in January 2010 with Operations responsibility for two of the Company's divisions, Heritage Labs and Hooper Holmes Health & Wellness. Her responsibilities were expanded in May 2010 to include the Hooper Holmes Services division. In her new position, Ms. Gorman is now responsible for all company services, delivery and support operations, including the Company's largest division, Portamedic.
Prior to joining Hooper Holmes, Ms. Gorman was the Director of Operations for Cardinal Health's Kansas City Pharmaceutical Distribution Center. Cardinal Health is a Fortune 25 distributor of medical and pharmaceutical products. Ms. Gorman also held several senior financial and operational positions at Tyson Foods.
Ms. Gorman received her Bachelor of Science degree in Business Administration, Management, from Kansas State University and her MBA from Baker University.
About Hooper Holmes
Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.
Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today's tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission on March 12, 2010. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.