The nation’s pioneer and leading Managed Print Services (MPS) company for health care, today announced that William Leonard has been appointed to its Board of Directors, effective May 16, 2013. Mr. Leonard is the former President and Chief Executive Officer of Aramark Corporation, a leading Fortune 500 company in the worldwide managed services industry, including the U.S. hospital market. He has over 30 years of executive leadership experience and is highly skilled at strategic planning, streamlining operations and expanding new business opportunities. Mr. Leonard became a 6.1 percent owner of CynergisTek in November 2012. With his recent investment, Mr. Leonard is one of CynergisTek’s largest single shareholders.
“Bill brings deep expertise in the health care managed services industry that will prove invaluable as CynergisTek continues its growth trajectory and expands its presence in hospitals across the nation,” said Joseph J. Flynn, president and CEO of CynergisTek. “We welcome Bill to the CynergisTek Board of Directors and look forward to leveraging his keen business acumen and industry insight to advance our strategic goals that include continued profitable growth.”
“CynergisTek has made significant gains over the last several years in its financial performance and operations, and has positioned itself to take full advantage of the growing trend toward outsourcing non-patient care related services in hospitals to help reduce costs,” said Mr. Leonard. “I believe in its business model and its management team and look forward to leveraging my experience through my career in the managed services industry and providing many contributions that will help advance its business goals.”
John Pace, CynergisTek’s Chairman of the Board of Directors, said, “Bill is a proven business leader who will provide a wealth of experience to help accelerate CynergisTek’s performance and expansion goals. We are honored to have Bill join our Board.”
Mr. Leonard’s career with Aramark spanned over 22 years before he retired as President and Chief Executive Officer in 2004. During his tenure with the company, Mr. Leonard held numerous Presidential positions, including President and Chief Operating Officer. In addition to his career at Aramark, Mr. Leonard also served as Chairman of the Board and Interim CEO of Pep Boys, Manny, Moe and Jack, Inc. (NYSE listed). Earlier in his career, Mr. Leonard held several senior management positions with Hertz Penske Truck Leasing Company. Since his retirement from Aramark, he has been a strategic investor, advisor, partner and board member of several companies. Mr. Leonard currently serves as Chairman/Partner for Prestige Office Coffee Services in southern California. He earned a Bachelor’s Degree in Business Administration from New York University.
As the only vendor neutral, health care exclusive MPS company in the country, CynergisTek is at the forefront of providing specialized knowledge of hospital print environments that ensures cost reduction through continuous process improvements and operational efficiency. The company announced significant progress in its financial performance during its quarterly investor call on May 15, 2013, including a $1.3 million improvement in earnings over the first quarter of 2012, resulting from the record-breaking number of hospitals signed from late 2011 and 2012, totaling 47.
CynergisTek’s MPS business model for hospitals includes placing full time, on-site teams of print services experts to build sustainable print programs to reduce volume and to manage print-related assets and expenses. Once contracted for MPS services, the company assumes all expenses related to the production of documents in hospitals, including services, supplies, equipment, legacy service agreements, parts, finance charges and labor. CynergisTek manages over 1.5 billion documents per year and more than 45,000 devices from multiple manufacturers and serves over 250,000 caregivers from coast to coast.
About CynergisTek, Inc.
CynergisTek, Inc. is the pioneer of Managed Print Services for the health care industry, working exclusively with hospitals and hospital systems throughout the United States. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. CynergisTek assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates that are unmatched in the industry. We work collaboratively to assist our health care-partners in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about CynergisTek, visit https://cynergistek.com.
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek, Inc. that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.