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Tabula Rasa HealthCare Provides Corporate Updates
Appoints
Appoints Richard W. Rew II as Chief Legal Officer and Corporate Secretary
Announces Preliminary Unaudited First Quarter 2023 Revenue Exceeding Guidance
The Company today also announced that Richard W. Rew II has joined the Company as Chief Legal Officer and Corporate Secretary, effective
In addition, the Company reported today preliminary unaudited estimated revenue from continuing operations for the quarter ended
Statements on Chief Executive Officer Appointment
"As interim CEO, Brian has brought stability to the organization and laid a strong foundation for both profitable growth and long-term value creation. Thanks to his deep industry experience and strong knowledge of our primary target markets, in particular the Program of All-Inclusive Care for the Elderly (PACE), he has also earned the respect of our clients, partners, team members and shareholders. The Board's decision to appoint Brian as the Company's CEO reflects its commitment to fostering a high-performing management team and retaining, rewarding and developing TRHC's own talent. We firmly believe Brian is the right leader as we embark on the next chapter for the Company."
"I greatly appreciate the Board's trust and belief in me, and I am honored to continue working alongside a talented management team and dedicated employee base. Over the past few months, we have made significant strides refocusing our business around our solutions for PACE, our fastest growing market, and we are committed to advancing these offerings in order to support future growth and enhance our client experience. Our combination of solutions is not only relevant in PACE, but also to adjacent healthcare markets taking on financial risk and serving similar demographics and I am excited to capitalize on these opportunities. The Board and the leadership team are confident in our current market position and look forward to keeping the momentum going as we continue to make positive impacts on patient care for our clients."
Preliminary Estimated First Quarter 2023 Revenues From Continuing Operations
The Company is also reporting today preliminary unaudited estimated revenue from continuing operations for the quarter ended
About
Mr.
About Richard W. Rew II
About
The historical financial data included in this press release are unaudited and preliminary, based upon the Company's estimates and subject to completion of its financial closing procedures. Moreover, these data have been prepared on the basis of currently available information by, and are the responsibility of, management. The Company's independent auditors,
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as "believe," "will," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "could," "potentially" or the negative of these terms or similar expressions. You should read these statements carefully because they discuss future expectations, contain projections of future results of operations or financial condition, or state other "forward-looking" information. These statements relate to, without limitation, our future plans, objectives, expectations, intentions, and financial performance and the assumptions that underlie these statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that might cause such a difference include, but are not limited to: (i) our expectations regarding industry and market trends, including the expected growth and continued structural change and consolidation in the market for healthcare in
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SOURCE
Contacts: Investors, Frank Sparacino, fsparacino@trhc.com, T: 312-451-2157 or Media, Anthony Mirenda, amirenda@trhc.com, T: 908-380-2143