Nashville-based Healthcare Consulting Group, FKP Advisors, joins the Board of Directors of Healthcare Integrated Technologies Inc.
Rhea-AI Summary
Healthcare Integrated Technologies (OTC PINK: HITC) has announced the appointment of FKP Advisors , a Nashville-based healthcare consulting group, to its Board of Directors. The board seat will rotate among FKP's founding partners: Larry Kloess III (first year), Jim Fitzgerald (second year), and Ben Pope (third year).
Each partner brings extensive healthcare experience: Kloess has over 40 years in hospital and physician group management, Fitzgerald was the founding President/CEO of HealthTrust Purchasing Group and former President of HCA's supply chain services, and Pope contributes 35+ years in medical and healthcare expertise.
This strategic appointment aligns with HITC's mission to revolutionize monitoring and security in schools, healthcare, transportation, and commercial buildings using their proprietary AI technology.
Positive
- Strategic addition of experienced healthcare executives to the board
- Rotating board structure brings diverse expertise from three industry veterans
- Board members bring combined 75+ years of healthcare industry experience
Negative
- Annual rotation of board members may impact continuity of leadership
- Board changes to single seat representation
News Market Reaction
On the day this news was published, HITC declined 0.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Knoxville, TN, April 22, 2025 (GLOBE NEWSWIRE) -- Healthcare Integrated Technologies Inc. (OTC PINK: HITC), a global leader in AI-driven safety and monitoring solutions, is proud to announce the appointment of FKP Advisors LLC, a Nashville-based healthcare consulting group, to its Board of Directors. FKP Advisors LLC board seat will be on a rotational basis with its founding partners: Larry Kloess III serving in the first year, followed by Jim Fitzgerald in the second year, and Ben Pope in the third Year.
Mr. Kloess is a healthcare executive with over 40 years of leadership experience in hospital and physician group management. Mr. Fitzgerald served as the founding President and CEO of HealthTrust Purchasing Group, where he oversaw its initial formation in 1999. Prior to founding HealthTrust, he served as President of HCA’s supply chain services, as well as several other leadership roles within HCA. Mr. Pope has over 35 years’ experience in the medical and healthcare field.
“We are thrilled to welcome the founding partners of FKP Advisors to our Board of Directors,” said Scott Boruff, CEO of Healthcare Integrated Technologies. “Their deep experience in healthcare and medical and their respective perspectives, will be invaluable as we continue to scale our platform, expand our market presence, and advance our mission of revolutionizing school, healthcare, transportation and commercial building monitoring and security, utilizing our proprietary AI technology.”
“We are honored to join the board of Healthcare Integrated Technologies, at such a pivotal time in its journey, said Mr. Kloess. “HITC is at the forefront of AI-driven innovation, and we look forward to supporting its mission and long-term vision, as it continues to drive meaningful impact in helping save lives in the various industries in which it serves.”
As HITC continues to innovate and grow, the appointment of FKP Advisors underscores the Company’s commitment to securing top-tier leadership, to advance its vision and create a lasting impact on the ambient AI safety space.
About Healthcare Integrated Technologies Inc.
Healthcare Integrated Technologies Inc. is a publicly traded, fully reporting audited company specializing in ambient AI technology solutions, dedicated to enhancing safety and security across various sectors, including healthcare, education, transportation, manufacturing, incarceration, and commercial industries. The Company’s mission is to help save lives worldwide by developing advanced AI technologies designed to enhance situational awareness and mitigate risks in critical environments. The Company is currently marketing five products and solutions, including its initial product, SafeSpace® Fall Monitoring, which utilizes advanced AI monitoring tools to enhance resident safety in senior living, reduce the risk of injuries, and improve overall care efficiency. Additionally, the Company has expanded its services and offerings beyond senior living facilities, into schools and transportation where it has recently launched several innovative solutions.
For more information, visit www.gethitc.com or contact HITC’s media team at contact@gethitc.com.
Media Contact:
Justin Freishtat
(410) 458-8780
Healthcare Integrated Technologies Inc.
Email: justin.freishtat@gethitc.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are subject to uncertainty and may not come to fruition. Readers are cautioned not to place undue reliance on any forward-looking statement including statements that list numbers and dates.
###
FAQ
Who are the new board members joining Healthcare Integrated Technologies (HITC)?
What experience does Larry Kloess III bring to HITC's board?
How will FKP Advisors' appointment impact HITC's business strategy?
What is Jim Fitzgerald's background in healthcare management?
