Management Health Solutions Expands Executive Team

 Management Health Solutions (“MHS”), the premier independent provider of inventory optimization solutions and mobile supply chain software for hospitals and healthcare systems nationwide, announced today its appointment of Bruce F. Boggs as Chief Executive Officer and Tim S. Ledwick as Chief Financial Officer. William J. Zierolf, who has led MHS as CEO over the past three years, will assume the role of Chief Development Officer. This management team expansion is part of a strategic plan to capitalize on the substantial increase in the Company’s revenues, clients and offerings over the last several years, and to position MHS for significant additional growth and market leadership.

Mr. Boggs has extensive experience improving performance for leading healthcare services and information technology companies. Before joining MHS, Mr. Boggs held senior positions at IBM, IMS Health and MedAssurant. Most notably, Mr. Boggs was SVP at IMS Health and President of IMS Americas, a $900 million division providing market intelligence to the life sciences industry. Prior to IMS Health, he was General Manager - Americas of the $4.3 billion Personal Systems Group business unit of IBM Corp. His responsibilities included developing innovative solutions for clients, customer satisfaction, increasing market share and driving profitable revenue growth. Mr. Boggs holds a BS Degree in Computer Science from the University of South Carolina.

Mr. Ledwick brings three decades of experience as a finance officer, including CFO roles in both public and private companies. His specialized skills span the capital markets, IPO activities, spinoffs, and mergers and acquisitions in both domestic and international markets. Mr. Ledwick has broad experience in meeting complex regulatory requirements and implementing fiscal controls as part of senior management with companies such as Dictaphone Corp., a $250 million healthcare software and call recording technology company, Cityscape Financial Corp. and the GTE Corp. A certified public accountant, he holds a Master’s Degree in Finance from Fairfield University and an undergraduate degree from George Washington University.

"I am very excited that we are building out our management team with additional capabilities, capacity and leadership talent to accelerate the successes of MHS, to continue to expand our value proposition to existing and future customers, and to bring us to the next level of growth," said Zierolf. "I am confident Bruce and Tim bring the strategic, tactical and financial experience necessary to enhance business growth and deliver value to our expanding customer base."

These appointments follow a period of significant expansion at MHS. In April 2010, MHS acquired At Par, a leading developer of mobile supply chain software. In October 2010, MHS acquired Hospital Inventories Specialists, a leading provider of inventory management solutions and analytical services. The Company’s customer base has expanded from less than 100 clients three years ago to approximately 1,000 today. In the past few months, MHS introduced a number of innovative new products, such as Point-of-Use Bill-Only item software, and signed significant customer agreements with major hospital systems including Rady Children’s Hospital, Albany Medical and Saints Medical Center.