Performant Appoints Eric Yanagi to its Board of Directors
May 07 2020 - 4:05PM
Performant Financial Corporation (Nasdaq:PFMT), (“the Company”), a
provider of technology-enabled recovery and related analytics
services, today announced that Eric Yanagi has been appointed to
Performant’s Board of Directors. His appointment is effective as of
May 5, 2020.
“We believe Eric’s long history of partnering with management
teams that are focused on increasing shareholder value fits well
with our long-term plans as we continue our transformation into a
Healthcare Technology Leader,” said Lisa Im, Chairman and CEO of
Performant. “Our business transformation is a result of our
investment in good contracts combined with strong operational
execution. We are excited to continue that momentum into the future
and believe Eric will be a valuable director on this path.”
Mr. Yanagi currently serves as Managing Director of Mill Road
Capital, a large Performant shareholder with a current holding of
approximately 3.5 million shares (6.5% of outstanding shares). Mr.
Yanagi joined Mill Road in 2008 and established the firm’s San
Francisco office in 2014. Mr. Yanagi currently serves on the Board
of Directors of Mother’s Market & Kitchen and Skullcandy. He
previously served on the Board of Directors of Vision7
International (formerly known as Cossette) and R.G. Barry. Prior to
joining Mill Road, Mr. Yanagi was an investment professional at
Nautic Partners, a middle-market private equity firm focused on
business services, healthcare, manufacturing and media &
communications. Earlier in his career, he was a member of the
Mergers & Acquisitions Group at Credit Suisse.
About Performant Financial Corporation
Performant helps government and commercial organizations enhance
revenue and contain costs by preventing, identifying and recovering
waste, improper payments and defaulted assets. Performant is a
leading provider of these services in several industries, including
healthcare, student loans and government. Performant has been
providing recovery audit services for more than nine years to both
commercial and government clients, including serving as a Recovery
Auditor for the Centers for Medicare and Medicaid Services.
Powered by a proprietary analytic platform and workflow
technology, Performant also provides professional services related
to the recovery effort, including reporting capabilities, support
services, customer care and stakeholder training programs meant to
mitigate future instances of improper payments. Founded in 1976,
Performant is headquartered in Livermore, California.
To learn more about Performant Financial, please
visit: https://www.performantcorp.com
Contact Information:Richard ZubekInvestor
Relations925-960-4988investors@performantcorp.com
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