David George, one of the nation's most experienced and accomplished health care industry executives, became CEO of Cypress Care in November 2006. His appointment followed Hank Datelle's decision to transition to senior advisor to the company. Mr. George and Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, partnered with Cypress Care senior management to make a strategic investment in the company and position it for continued growth and outstanding service for its workers' compensation PBM clients. Over the past 25 years, Mr. George has held key executive positions with businesses focused on management and delivery of health care services to the nation's largest payors. From 2000 to 2003, he was president of AdvancePCS, the nation's largest pharmacy benefits manager and health services company, serving 75 million members and managing more than $25 billion in pharmaceutical expenditures through approximately 600 million transactions annually. Prior to his leadership of AdvancePCS, Mr. George served as a director and executive vice president of the predecessor company, Advance Paradigm, Inc., from 1998 to 2000. Between 1998 through the company's sale to Caremark Rx, Inc. (NYSE: CMX) in 2004, the combined company experienced record growth, resulting in an increase in market capitalization from approximately $265 million to approximately $7.2 billion. From 1995 through 1998, Mr. George served as executive vice president of United HealthCare, a leading health plan and managed health care services company. Among other directorships, Mr. George for the past three years has served on the board of Concentra, one of the nation's largest providers of managed workers' compensation care and services to both the occupational and commercial group health care markets. |