Akumin Announces Executive Departure
Akumin announced the departure of President and Co-CEO Rhonda Longmore-Grund, effective March 18, 2022, following a decision by the board to discontinue the co-CEO arrangement.
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Rhea-AI Summary
Akumin announced the departure of President and Co-CEO Rhonda Longmore-Grund, effective March 18, 2022, following a decision by the board to discontinue the co-CEO arrangement. Riadh Zine continues as Chairman and CEO. Longmore-Grund played a pivotal role in the integration following Akumin's acquisition of Alliance HealthCare Services on September 1, 2021. Akumin is recognized for its comprehensive radiology and oncology solutions, operating over 200 imaging locations and serving about 1,000 hospitals across 46 states.
Positive
- Akumin maintains a strong market position as a leading provider of radiology and oncology solutions in the U.S.
- The company operates over 200 imaging locations, providing extensive diagnostic services.
Negative
- The departure of a co-CEO may lead to instability in leadership and strategic direction.
Details
News Market Reaction – AKU
The recorded move for AKU in the trading session of this news was -0.98%.
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PLANTATION, Fla., March 18, 2022 /PRNewswire/ - Akumin Inc. (NASDAQ: AKU) (TSX: AKU) ("Akumin" or the "Company") announced the departure of its President and Co-Chief Executive Officer, Rhonda Longmore-Grund, effective today, following the decision by its board of directors to not continue with the co-CEO arrangement. Riadh Zine will remain as Chairman and Chief Executive Officer of Akumin.
Ms. Longmore-Grund became President and Co-Chief Executive Officer of Akumin on the closing of the acquisition by the Company of Alliance HealthCare Services, Inc. ("Alliance") on September 1, 2021. She has since assisted the Company with the integration of the two businesses.
Riadh Zine, Chairman and Chief Executive Officer of Akumin, commented, "On behalf of the board of directors of Akumin, I would like to thank Rhonda for her dedication and contributions to date. Rhonda successfully assisted us through a period of transition following our acquisition of Alliance, which has secured Akumin's position as one of the most comprehensive radiology and oncology solutions providers in the United States. We wish her the very best in her next endeavors."
About Akumin
Akumin is a national partner of choice for U.S. hospitals, health systems and physician groups, with comprehensive solutions addressing outsourced radiology and oncology service line needs. Akumin provides: (1) fixed-site outpatient diagnostic imaging services through a network of more than 200 owned and/or operated imaging locations; and (2) outpatient radiology and oncology services and solutions to approximately 1,000 hospitals and health systems across 46 states. By combining clinical and operational expertise with the latest advances in technology and information systems, Akumin facilitates more efficient and effective diagnosis and treatment for patients and their providers. Akumin's imaging procedures include MRI, CT, positron emission tomography (PET and PET/CT), ultrasound, diagnostic radiology (X-ray), mammography, and other interventional procedures; cancer care services include a full suite of radiation therapy and related offerings. For more information, visit www.akumin.com and www.alliancehealthcareservices-us.com.
View original content:https://www.prnewswire.com/news-releases/akumin-announces-executive-departure-301506101.html
SOURCE Akumin Inc.
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