LAKE FOREST, Calif., Sept. 20, 2013 (GLOBE NEWSWIRE) -- Tenex Health today announced that Chief Financial Officer, Dr. Rom Papadopoulos will be resigning as CFO and a member of the board of directors as of September 30, 2013. Dr. Papadopoulos will be returning to his position as Managing Director of Intuitus Group, a merchant banking and financial advisory firm based in Atlanta, Georgia.
Ivan Mijatovic, Chairman of the company's Board of Directors, will assume responsibilities as interim CFO and oversee financial operations until a permanent CFO has been identified. Mr. Mijatovic said of Dr. Papadopoulos' departure, "Rom stepped out of his day-to-day role at Intuitus Group and provided a key service to Tenex Health during an important period in the company's development. We appreciate his commitment and service and wish him great success as he returns to his business in Atlanta."
About Tenex Health, Inc.
Tenex Health, Inc. (www.tenexhealth.com) (www.tenexhealthpatient.com) develops and markets innovative therapies for the treatment of tendon pain due to trauma or repetitive motion injuries. The minimally invasive technique utilizes the company's proprietary TX MicroTip™ handpiece to cut and debride diseased tissue in an outpatient setting in under 20 minutes, using only a local anesthetic. Since the surrounding healthy tendon tissue is not disturbed, patients enjoy less discomfort and faster recovery times versus traditional open surgical procedures.