Health & Fitness
Health and Fitness
Health and Fitness
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Wed, July 1, 2009 Allied Healthcare: Allied Healthcare International Inc. Elects Dr. Jeffrey S. Peris as Non-Executive Chairman of the Board
NEW YORK, NY--(Marketwire - July 1, 2009) - Allied Healthcare International Inc. ( Dr. Peris has been a director of Allied since May 1998 and the interim non-executive chairman of the board since April 2009. Since May 2006, Dr. Peris has served as an executive advisor to leading established global and new business entities. Dr. Peris served as the corporate vice president of human resources and chief learning officer of Wyeth (formerly American Home Products Corporation), a global pharmaceutical company, from 2001 until 2006. Dr. Peris was a corporate vice president of Knoll Pharmaceutical (Abbott Laboratories), where he was responsible for human resources, public affairs, and investor relations, from 1998 until 2001. Dr. Peris was a management consultant to various Fortune 100 companies from 1997 until 1998. From 1972 until 1997, Dr. Peris was employed by Merck Co., Inc., a leading, global pharmaceutical company, where he served in senior executive officer roles in R & D, Clinical Drug Development, Global Marketing, and Corporate Human Resources. He was a member of Merck's world renowned Research Management Council. "It is a pleasure to assume the role of Allied Healthcare's Chairman of the Board," said Dr. Peris. "Allied has made excellent progress over the past year, and I remain confident in the company's ability to achieve its established strategies for growth. Sandy Young and his leadership team have made significant operational improvements, which have contributed to the positive movement in revenue growth. I look forward to taking on this new role and updating our shareholders in the months ahead." For more news and information on Allied Healthcare International Inc., please visit [ www.IRGnews.com/coi/AHCI ] where you can find the CEO's video, a fact sheet on the company, investor presentations, and more. ABOUT ALLIED HEALTHCARE INTERNATIONAL INC. Allied Healthcare International Inc. ([ http://www.alliedhealthcare.com ]) is a leading provider of flexible healthcare staffing services in the United Kingdom. Allied operates a community-based network of approximately 109 branches with the capacity to provide carers (known as home health aides in the U.S.), nurses, and specialized medical personnel to locations covering approximately 90% of the U.K. population. Allied meets the needs of private patients, community care, nursing and care homes, and hospitals. FORWARD-LOOKING STATEMENTS Certain statements contained in this news release may be forward-looking statements. These forward-looking statements are based on current expectations and projections about future events. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements include: general economic and market conditions; Allied's ability to continue to recruit and retain flexible healthcare staff; Allied's ability to enter into contracts with local government social services departments, NHS Trusts, hospitals and other healthcare facility clients on terms attractive to Allied; the general level of patient occupancy at our clients' hospitals and healthcare facilities; dependence on the proper functioning of Allied's information systems; the effect of existing or future government regulation of the healthcare industry, and Allied's ability to comply with these regulations; the impact of medical malpractice and other claims asserted against Allied; the effect of regulatory change that may apply to Allied and that may increase costs and reduce revenues and profitability; Allied's ability to use net operating loss carry forwards to offset net income; the effect that fluctuations in foreign currency exchange rates may have on our dollar-denominated results of operations; and the impairment of goodwill, of which Allied has a substantial amount on the balance sheet, may have the effect of decreasing earnings or increasing losses. Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release include those described in Allied's most recently filed SEC documents, such as its most recent annual report on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form 8-K filed since the date of the last Form 10-K. Allied undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
