DENVILLE, NJ -- (Marketwired) -- 06/27/13 -- Healthcare Corporation of America (OTCQB: SWCAL), a pharmacy-benefit management company, has announced that respected attorney Mark Carlesimo has been appointed General Counsel, Executive Officer and Secretary. Mr. Carlesimo succeeds Thomas E. Durkin, III as General Counsel. Mr. Durkin is resigning his position in order to devote his primary attention to work in unrelated industries. Mr. Durkin continues to serve as a member of the Company's Board of Directors.
"HCCA's transformation as a public company is well underway, and the strength and respect we have earned in the marketplace has allowed us to recruit prime individuals like Mark to our growing team," said Gary Sekulski, Chairman and Chief Executive Officer of HCCA. "Mark is an experienced corporate counsel, and his work at several publicly traded companies will help us as we continue to grow and expand our businesses. We very much appreciate Mr. Durkin's valuable contributions to the Company as well as his continued service on the Board."
"I am honored to join the great team at HCCA," Mr. Carlesimo said. "HCCA has an exciting strategy and a dynamic and entrepreneurial workforce. I am thrilled to be a part of this company's growth."
Mr. Carlesimo has more than three decades of experience in corporate law with several publicly traded companies. He served for six years as Executive Vice President, General Counsel and Secretary of ground transportation company Velocity Express Corporation. From 1997 to 2006, he served as Vice President, General Counsel and Secretary of Consolidated Delivery & Logistics Inc. From 1983 to 1997, he also served as Vice President of Legal Affairs of Cunard Line Limited.
Earlier in his career, Mr. Carlesimo was Staff Counsel of Seatrain Lines Inc., a cargo shipping company, and was engaged in the private practice of law.
Mr. Carlesimo is a Member of the Bar of the states of New York and New Jersey. He received a B.A. in Economics from Fordham University in 1975 and received his law degree from Fordham University School of Law in 1979.
About Healthcare Corporation of America
Based in Denville, N.J., Healthcare Corporation of America (http://www.hccarx.com) is a rapidly growing pharmacy-benefit manager, or PBM. Its mission is to reduce prescription drug costs for clients while improving the quality of drug care. HCCA administers prescription-drug benefit programs for employers ranging from commercial clients of various sizes and industries to business associations and trade groups, as well as local government entities, labor unions, charitable and non-profit organizations, and third-party administrators of self-insured benefit plans. The company operates in the marketplace under the name of its subsidiary, Prescription Corporation of America, or PCA.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the combined company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The combined company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the combined company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the combined company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the combined company does not assume a duty to update these forward-looking statements.
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