LAFAYETTE, La., Jan. 31, 2013 (GLOBE NEWSWIRE) -- LHC Group Inc. (Nasdaq:LHCG), a national provider of post-acute care, has selected a proven executive with extensive experience at publicly traded healthcare organizations to serve as the company's senior vice president of finance.
Jeffrey M. Kreger, a certified public accountant, brings more than two decades of financial, operational and administrative experience to his new role. He will report directly to Peter J. Roman, executive vice president and chief financial officer, and will oversee all accounting, reporting and cash management functions for LHC Group and will manage the company's relationship with its bank group.
Most recently, Kreger served as senior vice president and corporate controller for Sun Healthcare Group Inc., a publicly traded post-acute care company based in Irvine, Calif. He previously held financial leadership positions with Consolidated Graphics Inc., Philip Services Corp. and American Habilitation Inc., all of Houston, as well as Sava Senior Care of Atlanta. He also worked as a financial auditor with Ernst & Young, LLP.
"Jeff brings a wealth of healthcare experience to our company," said Keith G. Myers, LHC Group's chairman and CEO. "He has a clear understanding of the opportunities and challenges facing post-acute care providers, and I am confident he will be an invaluable addition to our senior management team."
Kreger is a graduate of the University of Texas at Austin, where he received a bachelor's degree in business administration with a concentration in accounting. He earned a master's degree in business administration from the University of Houston.
"Now more than ever, post-acute care is a central component of the healthcare delivery system, and LHC Group is an undisputed national leader in the provision of high-quality, cost-effective care," Kreger said. "I am happy to be part of the LHC Group family, and I look forward to putting my skills and experience to work as part of a proven team that is improving post-acute care for patients across the country."
About LHC Group Inc.
LHC Group Inc. is a national provider of post-acute care, providing quality, cost-effective health care to patients within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of post-acute healthcare services through home health, hospice and private duty locations in its home-based division and long-term acute care hospitals in its facility-based division.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company's future financial performance and the strength of the Company's operations. Such forward-looking statements may be identified by words such as "continue," "expect," and similar expressions. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in LHC Group's relationships with referral sources, increased competition for LHC Group's services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations, and other risks set forth in Item 1A. Risk Factors in LHC Group's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.