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RediClinic Announces Expansion
Plans Company to open 500 new locations; signs agreement with Walgreens; and adds four senior executives HOUSTON (May 8, 2006) – InterFit Health’s RediClinic, provider of high-quality, non-emergency medical services at affordable prices, today announced its mid-term expansion plans, a significant new retail partnership, and the addition of four new executives to RediClinic’s management team. RediClinic said that it expects to open 500 new locations by 2009, enabling the company to bring its convenient and affordable non-emergency care to millions of consumers throughout the United States. This expansion will occur partially through its existing partnerships with WalMart, H-E-B, and Duane Reade, as well as through a new partnership with Walgreens, the nation’s largest drug store chain. “This expansion is an important milestone in our long experience with retail healthcare,” said Web Golinkin, President and Chief Executive Officer of InterFit Health. “After testing and refining various forms of the RediClinic concept in retail outlets for nearly 10 years, we will be delivering healthcare quality, convenience and value to consumers nationwide.” RediClinics are staffed by certified nurse practitioners who work with local physicians to diagnose, treat, and prescribe medications for common medical conditions, such as strep throat and upper respiratory infections. They also administer a wide range of preventive services, including health screenings, medical tests, vaccinations, and basic physical exams. RediClinics are open seven days a week (including most holidays) and offer extended hours on weekdays. Revolution Health Group (RHG), the company created by AOL Co-founder Steve Case, is InterFit Health’s largest investor and is providing the capital to support the national roll-out of RediClinics. New Management Team Members RediClinic also announced that it is bolstering its senior management team with four new executives who have broad and deep retail and healthcare experience. Joining the senior management team are Shelaghmichael Brown, as RediClinic’s President; Jack Koehn, as RediClinic’s Chief Operating Officer; Bruce Hall, as RediClinic’s Chief Marketing Officer; and Chris Kersey, M.D., as RediClinic’s Chief Medical & Business Development Officer. “Each of the new members of RediClinic’s senior management team is a proven executive with significant experience in one or more functional areas that will be critical to our success,” said Golinkin. “Their involvement and leadership will enable us to aggressively expand RediClinic and make it an integral part of the nation’s healthcare system.” Shelaghmichael Brown, President of RediClinic, was most recently President and CEO of Telecheck International, one of the nation’s leading retail payment processing suppliers. Prior to that, she was Executive Vice President and Manager of Retail Consumer Services at JP Morgan Chase, where she was responsible for 540 branches, 2,000 ATMs, 3,000,000 customers, and 11,000 employees. Previously Shelaghmichael was Executive Vice President of Texas Commerce Bank (Chase Bank of Texas), where she was responsible for its retail banking business. Jack Koehn, Chief Operating Officer, spent most of his career with Blockbuster, where he was most recently the Senior Vice President responsible for their Southeast region. Prior to that, he was responsible for reengineering Blockbuster’s entire network of 8,500 worldwide stores as Vice President of Store Operations Reengineering. Jack also spent three years at Gateway, where he had operational responsibility for the company’s 300 retail stores and the installation of 700 Gateway retail units in OfficeMax outlets. Bruce Hall, Chief Marketing Officer, has held a variety of senior marketing positions at some of the world’s leading consumer products companies, including Vice President of Marketing at American Express, Director of Marketing at Coca-Cola, Category Director of Marketing at Novartis, and Brand Manager at Procter & Gamble. Most recently, he was Senior Vice President and Managing Partner of the Pharmaceutical and Package Goods practice at EUREKA!RANCH, one of the nation’s leading corporate strategy and innovation consultants. Chris Kersey, MD, Chief Medical & Business Development Officer, distinguished himself in the health-related venture capital field after receiving a BA from Stanford University, a medical degree from Emory School of Medicine, and an MBA from Harvard Business School. Most recently he was Managing Director of Cogene Ventures, the largest health care and life science venture capital firm headquartered in the South. Previously, he was a Partner at Blueprint Ventures and an Associate at Menlo Ventures. InterFit Health Since 1989, InterFit Health has provided people with easy access to convenient, accurate and affordable health screening and other personal health management services. Today the company is the largest provider of retail health screening services in the United States and RediClinic is a leader in convenient care. The Houston-based company also provides health screenings, flu shots and other health-related services to major employers, and directly to consumers through its Internet site at www.interfit.com. Revolution Health Group Revolution Health Group was established in July 2005 to create the leading comprehensive consumer-centric health company. One of three business groups in the Revolution LLC family of companies, Revolution Health empowers consumers by putting them at the center of the health system, building innovative health-related companies through investments, acquisitions and partnerships. Revolution Health’s strategy is to create businesses and products that provide greater consumer choice, control and convenience in three key healthcare sectors affected by the rapid growth of the Internet and defined-contribution health plans: content; coverage; and care. |
