ATLANTA, March 17, 2014 /PRNewswire/ -- Streamline Health Solutions, Inc. (NASDAQ: STRM), a leading provider of transformational data-driven solutions that help healthcare providers reduce exposure to risk, enhance clinical, financial and operational performance and improve patient care, today announced the appointment of Lois Rickard as Senior Vice President and Chief People Officer, effective March 3, 2014. Ms. Rickard will report directly to Robert E. Watson, President and Chief Executive Officer, Streamline Health.
As Chief People Officer, Rickard will oversee the talent acquisition and development of all Streamline Health associates as well as providing the strategic alignment of human resources with the business. In this role, Rickard will utilize her successful experience in human resources and talent acquisition as the company executes on its strategy for growth.
"We are pleased to have Lois join our company and the executive leadership team at Streamline Health," said Robert E. Watson, President and Chief Executive Officer, Streamline Health, Inc. "Her successful hands-on leadership style, particularly in the area of integrating acquisitions, will be a valuable resource for our company as we continue to execute on our strategy for growth."
Most recently Ms. Rickard was the Chief Talent Officer at Press Ganey Associates, where she managed the human resources organization. Lois was a member of the executive team, focusing on merger and acquisition diligence and integration, as well as growth and development of the organization. Prior to that, Lois was with WebMD for 13 years where she managed a team of 20 employees in addition to spearheading human resource efforts for 26 acquisitions throughout her tenure. She was instrumental in innovating and implementing new practices and offerings for WebMD's online business after working with the executive team to take the online division public in 2005.
Ms. Rickard received her undergraduate degree from Albion College and her Masters from the University of Michigan.
In connection with her hiring, Ms. Rickard received an award of an option to purchase 75,000 shares of Streamline Health common stock with an exercise price equal to the closing share price on the date of the grant, or $5.50. The option will vest in 36 equal monthly installments, with the first installment vesting on April 3, 2014, subject to Ms. Rickard's continued employment with the company through the applicable vesting dates. The option will be subject to accelerated vesting in connection with certain qualifying transactions constituting a change of control of the company. This award was made outside of Streamline Health's stockholder-approved equity incentive plan and was approved by the company's independent directors as an inducement material to Ms. Rickard's entering into employment with the company in reliance on NASDAQ Listing Rule 5635(c)(4), which requires this public announcement.
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating and translating enterprise data into knowledge - actionable insights that reduce exposure to risk, enhance operational performance and improve patient care. Through our Looking Glass™ Platform we provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement.
We share a common calling and commitment to advance the quality of life and the quality of healthcare – for society, our industry, our clients and the communities they serve, and the individual patient.
For more information, please visit our website at www.streamlinehealth.net.
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Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive solutions and pricing, solution demand and market acceptance, new solution development, key strategic alliances with vendors that resell the Company's solutions, the ability of the Company to control costs, availability of solutions from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry generally and the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE Streamline Health Solutions, Inc.