By writer to www.businesswire.com
BEVERLY, Mass.–(BUSINESS WIRE)–American Renal Associates Holdings, Inc. (NYSE: ARA) (the “Firm”), a number one kidney care and dialysis supplier centered on partnering with native nephrologists, as we speak introduced that Christopher J. Hocevar has been appointed to hitch the Firm’s board of administrators and that Steve M. Silver, who has served on ARA’s board for a lot of years, has transitioned his board seat to Jeremy W. Gelber, M.D. With these modifications, the Firm’s board has 10 members and new board members who deliver deep healthcare and medical expertise.
Joseph (Joe) Carlucci, Chairman and Chief Government Officer of ARA, stated, “I’m very happy to welcome Jeremy and Chris to the ARA board. They be part of ARA at an essential time as we proceed to construct upon and adapt the strengths of our working mannequin to stay nicely positioned as a frontrunner in kidney care. The addition of those administrators enhances our board of administrators’ abilities and experiences, and we’re assured they are going to present useful views as we proceed to execute our technique and improve worth for ARA’s shareholders.”
Carlucci added, “I wish to additionally thank Steven Silver for his many contributions to the ARA board, his friendship and excellent steerage to the ARA staff throughout his 10 years of board service.”
Jeremy Gelber, age 44, joins the Firm’s board with important expertise as a healthcare investor. Dr. Gelber joined Centerbridge Companions, L.P. (“Centerbridge”) in 2018 as a Senior Managing Director and at the moment leads the agency’s funding staff within the healthcare sector. Previous to becoming a member of Centerbridge, Dr. Gelber was a Associate at Pamplona Capital Administration, LLP, a non-public fairness agency, the place he led the healthcare investing group. Previous to Pamplona Capital, he was an Government Director within the Healthcare Funding Banking Division at Morgan Stanley. Beforehand, Dr. Gelber was a doctor and accomplished his medical diploma at Jefferson Medical Faculty. He additionally holds a Bachelor of Science diploma from Dartmouth Faculty. Dr. Gelber serves on the board of administrators of Civitas Options, Inc., GoHealth, LLC, and Remedi SeniorCare Holding Company. Dr. Gelber will chair the board’s Nominating and Company Governance Committee and serve on the board’s Compensation Committee. The board has decided that Dr. Gelber qualifies as an unbiased director underneath New York Inventory Alternate itemizing requirements relevant to members of such committees and the total Board, and, as a Class III member of the board, he’ll stand for election at our 2022 Annual Assembly of Stockholders.
Christopher Hocevar, age 46, joins the Firm’s board with important expertise within the medical insurance trade. Mr. Hocevar at the moment serves as an unbiased advisor to Centerbridge. He beforehand had a 16-year profession at Cigna Company, the place he most not too long ago served as President, U.S. Business Healthcare Segments and Specialty Companies till 2018. He joined Cigna in 2002 and held quite a few roles of progressive duty main buyer segments, specialty strains of enterprise and operational items. Previous to Cigna, Mr. Hocevar labored in Deloitte & Touche’s world insurance coverage consulting apply. He holds a Bachelor of Enterprise Administration from the College of Toledo and a Grasp of Enterprise Administration from Case Western Reserve College. The board has decided that Mr. Hocevar qualifies as an unbiased director underneath New York Inventory Alternate itemizing requirements relevant to members of the total Board, and, as a Class III member of the board, he’ll stand for election at our 2022 Annual Assembly of Stockholders.
About American Renal Associates
American Renal Associates (“ARA”) is a number one supplier of outpatient dialysis companies in america. As of December 31, 2019, ARA operated 246 dialysis clinic areas in 27 states and the District of Columbia serving greater than 17,300 sufferers with finish stage renal illness. ARA operates principally via a doctor partnership mannequin, wherein it companions with roughly 400 native nephrologists to develop, personal and function dialysis clinics. ARA’s Core Values emphasize taking excellent care of sufferers, offering physicians with medical autonomy and operational assist, hiring and retaining the absolute best employees and offering complete administration companies. For extra details about American Renal Associates, go to www.americanrenal.com.
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