Sharps Compliance Announces Appointment of Pat Mulloy, Veteran CEO of Long-Term and Senior Care Businesses, to Board of Direc...
February 09 2021 - 8:30AM
Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps” or the “Company”),
a leading full-service national provider of comprehensive waste
management solutions including medical, pharmaceutical and
hazardous, today announced the appointment of William Patrick
(Pat”) Mulloy II to its Board of Directors.
Mr. Mulloy has more than 20 years of experience in the senior
housing and long-term care industry, having led three successful
senior housing companies. Most recently he served as Chief
Executive Officer of Elmcroft Senior Living, a provider of assisted
and independent living, as well as memory and respite care, with
over 80 communities in 18 states, which he led from its founding in
2006 through early 2018. From 1996 through early 2000, he served as
President and Chief Executive Officer of Atria Senior Living, Inc.,
a large, national provider of retirement, assisted living and
dementia care services. He served as CEO of Atria as both a private
and public entity and led the successful sale of that company to
Lazard Freres Real Estate Investments. In 2000, Mr. Mulloy was
recruited by Morgan Stanley Capital Partners to lead their venture
backed senior housing company, LifeTrust America. In 2004 he was
instrumental in the sale and merger of LifeTrust into Five Star
Quality Care, Inc., a larger, national, publicly traded provider of
senior housing services. Prior to 1996, Mr. Mulloy practiced law
for nearly 20 years and also served as the Secretary of Finance to
the Governor of Kentucky. He holds undergraduate and law degrees
from Vanderbilt University and is licensed to practice law in New
York and Kentucky.
Mr. Mulloy now serves on several boards including: Vice Chair of
University of Louisville Health Inc. and Director of Assembly
Healthcare, which provides an array of technology-enabled products
and services to long term care communities. Mr. Mulloy is also a
member of the Board of Directors of Republic Bancorp, Inc.
(NASDAQ-RBCAA). He also currently serves as Board Chair of
Argentum, the country’s leading trade association representing
senior living operators and capital providers.
Sharon Gabrielson, Chair of Sharps’ Board of Directors, stated,
“With his distinguished career and corporate leadership experience
in the Long-Term and Senior Care industry, we believe Pat will be
an excellent addition to the Sharps Compliance Board of Directors.
He brings extensive industry experience and knowledge particularly
as we focus on increasing our business and offerings in the
long-term care market. Pat’s many years of leadership experience
which include contending with challenges specific to the senior
housing market will add valuable perspective to our board and the
management team.”
Pat Mulloy commented, “This is an exciting time to join the
Sharps Compliance board, as the Company grows its leadership role
as a provider of comprehensive medical waste solutions to small and
medium quantity generators such as long-term care and senior living
communities. Through a challenging year, Sharps has continued to
provide uninterrupted service to its customers and this ongoing
reliability combined with the tremendous market opportunity
associated with both the management of medical waste and unused
medications is a competitive advantage when pursuing senior living
facilities. I look forward to lending my experience and
relationships to assist the Company as it leverages its proven
offerings to pursue a larger share of the long-term care
segment.”
David P. Tusa, the Company’s Chief Executive Officer and
President added, “Although, we do serve many organizations in the
long-term care market, we believe there exists a substantial
opportunity to leverage our successful offerings, including our
route-based business and MedSafe offering, to land more business
and increase market penetration. We welcome Pat and look forward to
working with him as we look to extend our relationships in this
market segment and capitalize on what we believe is a significant
growth area for the Company as we move through 2021 and
beyond.”
About Sharps Compliance Corp.
Headquartered in Houston, Texas, Sharps Compliance (NASDAQ:
SMED) is a leading business-to-business services provider to the
healthcare, long-term care and retail pharmacy markets. Sharps
Compliance offers comprehensive solutions for the management of
regulated medical waste, hazardous waste and unused medications.
For more information, visit: www.sharpsinc.com.
Safe Harbor Statement
The information made available in this news release contains
certain forward-looking statements which reflect Sharps Compliance
Corp.'s current view of future events and financial performance.
Wherever used, the words "estimate," "expect," "plan,"
"anticipate," "believe," "may" and similar expressions identify
forward-looking statements. Any such forward-looking statements are
subject to risks and uncertainties and the company's future results
of operations could differ materially from historical results or
current expectations. Some of these risks include, without
limitation, the company's ability to educate its customers,
development of public awareness programs to educate the identified
consumer, customer preferences, the Company's ability to scale the
business and manage its growth, the degree of success the Company
has at gaining more large customer contracts, managing regulatory
compliance and/or other factors that may be described in the
company's annual report on Form 10-K, quarterly reports on Form
10-Q and/or other filings with the Securities and Exchange
Commission. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. The Company assumes no obligation to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results, express or
implied therein, will not be realized.
For more information contact: |
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Diana P. DiazSharps Compliance
Corp.Vice President and Chief Financial OfficerPhone: (713)
660-3547Email: ddiaz@sharpsinc.com |
John Nesbett/Jennifer BelodeauIMS Investor RelationsPhone: (203)
972-9200Email: jnesbett@institutionalms.com |
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