ST. LOUIS--(BW HealthWire)--April 29, 1999--
RehabCare Group, Inc. (NYSE:RHB) today announced that Maurice Arbelaez has been named President of the Staffing Division. He succeeds Richard C. Stoddard who tendered his resignation as President of Healthcare Staffing Solutions, Inc., effective
Mr. Arbelaez, 42, has served as Senior Vice President for Operations of RehabCare's Inpatient Division for the past 5 years. Prior to joining RehabCare, Mr. Arbelaez spent 15 years in the healthcare services field in hospital operations with National Medical Enterprises and Healthsouth.
Alan C. Henderson, Chief Executive Officer, stated: "Although we all view Rick's resignation with great regret, he is at heart an entrepreneur and we wish him well as he pursues his next venture in the information technology field. Over the past twelve months he has successfully repositioned the staffing business from being predominantly therapists to now being primarily nurses, and the division is now postured to take full advantage of the tremendous growth opportunity nurse staffing has to offer."
Mr. Henderson continued: "Maurice has been a highly effective manager within the Inpatient Division and has delivered outstanding results. He brings extensive knowledge of hospital operations and exceptional managerial expertise to the Staffing Division, and we look forward to him continuing to build upon the successes that Rick has achieved. The Staffing Division has shown strong internal growth subsequent to the StarMed acquisition, and we expect allied health staffing, which includes both therapists and nurses, to continue to be one of our fastest growing businesses in the future as we continue to gain market share."
RehabCare Group, Inc., headquartered in St. Louis, is a leading provider of acute rehabilitation, subacute, outpatient, temporary and permanent therapist and nurse staffing services on a contract basis in conjunction with over 750 hospitals, nursing homes and contract therapy companies in all 50 of the United States.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results.
NOTE: More information on RehabCare can be found on the World Wide Web at http://www.rehabcare.com.