PSA appoints industry veteran as president/CEO

Friday, December 31, 2004

NORCROSS, Ga. - Pediatric Services of America in December hired Daniel J. Kohl as its new president and chief executive officer, replacing Joseph Sansone, who retired unexpectedly in August.

Kohl, whose assignment became effective Dec. 15, has nearly 30 years experience in the healthcare industry, including experience in PSA’s core business segments of pediatric private duty nursing, pediatric day treatment centers and pharmacy services, said PSA Chairman of the Board Edward Wissing in a company statement.

Most recently Kohl served as a de facto executive in residence at Warburg Pincus, a global private equity investor, advising them on potential investments in the healthcare industry.

“[Kohl’s] extensive knowledge and his track record within this company’s business segments and overseeing multi-site operations will be invaluable to PSA as we look to capitalize on the substantial growth opportunities that exist,” said Wissing.

Previously, Kohl worked as president and CEO on Sonus Corporation, a distributor of hearing aids that sold to Amplifon SpA in October 2002. He was also a president and CEO of Housecall Medical Resources, a provider specializing in home health services, including nursing, infusion therapy, hospice care and HME/respiratory therapy.

PSA’s former president, Sansone, retired in August, prompting much speculation about his sudden departure and a 25% slip in the company’s stock price.

Sansone, 60, had been president and chief executive since PSA was formed in 1989, and he is credited with growing the company from a start-up of 12 employees into a network of 120 branch offices.