AdaptHealth Corp. Appoints Frank J. Mullen as Chief Accounting Officer
September 21 2020 - 6:30AM
Business Wire
AdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the
“Company”), a leading provider of home medical equipment,
supplies and related services in the United States, announced today
the appointment of Frank J. Mullen as Chief Accounting Officer, a
newly created position. Mr. Mullen will report to Jason Clemens,
AdapthHealth’s Chief Financial Officer.
Mr. Mullen will manage AdaptHealth’s accounting functions,
including financial reporting, controls and operations.
Additionally, he will lead the development, implementation and
management of enterprise-wide practices, systems and internal
controls.
Mr. Mullen brings over 25 years of public company accounting and
finance leadership to AdaptHealth. He joins the Company from Ryder
System, a leading global logistics and transportation company,
where he served as Vice President and Controller. Prior to joining
Ryder System, Mr. Mullen was Chief Accounting Officer of Global
Eagle Entertainment and served as Vice President and Controller at
Pinnacle Foods Inc. He spent more than 15 years with Aramark where
he held positions of increasing responsibility culminating in his
role as Vice President and Assistant Controller. Mr. Mullen began
his career in the audit and assurance practice of the Philadelphia
office of Arthur Andersen LLP.
Mr. Mullen holds a bachelor’s degree in accounting from
Villanova University and is a Certified Public Accountant.
“Frank is a seasoned financial executive with a breadth and
depth of experience in managing growing customer-centric
companies,” said Mr. Clemens. “I look forward to partnering with
Frank as we continue to implement AdaptHealth’s organic and
acquisition-driven growth initiatives.”
“I am very excited to join AdaptHealth at this important point
in its growth,” said Mr. Mullen. “The team’s commitment to
operational and patient care excellence has helped set AdaptHealth
apart in the healthcare industry and I look forward to supporting
our continued growth.”
“Frank brings valuable public company experience and a proven
ability to effectively manage accounting organizations of size and
scale,” said Luke McGee, CEO. “As AdaptHealth continues to evolve,
we recognize the need for transformational talent. We believe that
Frank’s appointment highlights our commitment to building
efficiencies across every business function.”
About AdaptHealth Corp.
AdaptHealth Corp. is a leading provider of home healthcare
equipment, medical supplies to the home and related services in the
United States. AdaptHealth provides a full suite of medical
products and solutions designed to help patients manage chronic
conditions in the home, adapt to life and thrive. Product and
services offerings include (i) sleep therapy equipment, supplies
and related services (including CPAP and bi PAP services) to
individuals suffering from obstructive sleep apnea, (ii) home
medical equipment (HME) to patients discharged from acute care and
other facilities, (iii) oxygen and related chronic therapy services
in the home, and (iv) other HME medical devices and supplies on
behalf of chronically ill patients with diabetes care, wound care,
urological, ostomy and nutritional supply needs. The company is
proud to partner with an extensive and highly diversified network
of referral sources, including acute care hospitals, sleep labs,
pulmonologists, skilled nursing facilities, and clinics.
AdaptHealth services beneficiaries of Medicare, Medicaid and
commercial insurance payors. AdaptHealth services over
approximately 1.6 million patients annually in all 50 states
through its network of 220 locations in 38 states. Learn more at
www.adapthealth.com.
Forward-Looking
Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding projections,
estimates and forecasts of revenue and other financial and
performance metrics, projections of market opportunity and
expectations, the Company’s acquisition pipeline and the impact of
the recent coronavirus (COVID-19) pandemic and our response to it.
These statements are based on various assumptions and on the
current expectations of Company management and are not predictions
of actual performance. These forward-looking statements are
provided for illustrative purposes only and are not intended to
serve as, and must not be relied on, by any investor as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many
actual events and circumstances are beyond the control of the
Company.
These forward-looking statements are subject to a number of
risks and uncertainties, including the outcome of judicial and
administrative proceedings to which the Company may become a party
or governmental investigations to which the Company may become
subject that could interrupt or limit the Company’s operations,
result in adverse judgments, settlements or fines and create
negative publicity; changes in the Company’s clients’ preferences,
prospects and the competitive conditions prevailing in the
healthcare sector; and the impact of the recent coronavirus
(COVID-19) pandemic and the Company’s response to it. A further
description of such risks and uncertainties can be found in the
Company’s filings with the Securities and Exchange Commission. If
the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that the
Company presently knows or that the Company currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect the Company’s expectations,
plans or forecasts of future events and views as of the date of
this press release. The Company anticipates that subsequent events
and developments will cause the Company’s assessments to change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company’s assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005073/en/
AdaptHealth Corp. Brittany Lett Vice President, Marketing
(909) 915-4983 blett@adapthealth.com The Equity Group Inc.
Devin Sullivan Senior Vice President (212) 836-9608
dsullivan@equityny.com Kalle Ahl, CFA Vice President (212) 836-9614
kahl@equityny.com
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