PMSI Names Eileen Auen As Chairman And CEO

                               
Tampa, Florida (CompNewsNetwork) - PMSI, one of the nation's largest providers of pharmacy, specialty products and services for the workers' compensation and liability markets, today announced that Eileen Auen will join the company as the Chairman and Chief Executive Officer. 

“We are delighted to partner again with Eileen to help build on PMSI's highly successful heritage and become the pre-eminent specialty services provider for the workers' compensation industry. Eileen is a highly-regarded executive with proven experience leading world-class healthcare and workers' compensation companies. We are thrilled to have the opportunity to work together again,” said Rick Rosen, Managing Director of H.I.G. and PMSI Board Member. 

Eileen brings nearly 20 years of executive experience in workers' compensation and healthcare. Most recently, she was the head of healthcare management for Aetna, Inc., the nation's third-largest health insurer. Directly prior to this, she served as CEO of APS Healthcare, an industry-leading specialty services company, where H.I.G. was the largest shareholder. Earlier in her career, Eileen served as Senior Vice President for Intracorp, which provided specialty services to the workers' compensation, disability and health industries and Senior Vice President of Riscorp, a Florida-based workers' compensation insurer. 

“Eileen's scope of industry expertise is a welcomed addition to the leadership team as we look to further enhance the customer experience, drive down claim and settlement costs, utilize new technologies and leverage PMSI's deep domain expertise,” said Mark Hollifield, President.

“I'm honored to have the opportunity to lead PMSI's advancement efforts. The company is geared through technology, service, data and unsurpassed knowledge to offer the marketplace with solutions that are centered on customer needs and satisfaction. These capabilities, combined with the support and commitment of H.I.G. will enable us to deliver superior services to our customers. This is a natural fit for my background and I'm excited to take PMSI to the next level,” Eileen commented.

Eileen received an MBA from the University of Virginia's Darden School of Business and a BA in economics and finance from Towson University. She is a member of the Board of Directors of ICF International, a global consulting firm. She will start December 8th, 2008 and will be based at PMSI's Tampa headquarters, reporting directly into the Board of Directors.


About PMSI

PMSI—The Only Solution You Need. Founded in 1976, today PMSI is one of the nation's largest providers of specialty managed care services and products for workers' compensation and catastrophically injured populations. PMSI provides an integrated portfolio of services in Pharmacy, Medicare Set-Asides, Medical Services and Equipment, and Clinical Services that promote quality care for injured workers while helping clients contain costs and control utilization. For more information, please refer to the PMSI website at www.pmsionline.com.

About H.I.G. Capital

Acquired PMSI, October 2008
H.I.G. Capital is a leading global private equity investment firm with more than $7.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to mid-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. invested in and managed more than 200 companies worldwide. For more information, please refer to the H.I.G. website at www.higcapital.com or call Rob Wolfson at 415-439-5500 or Rick Rosen at 305-379-2322.

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