Overland Park, Kansas, April 14, 2014 (GLOBE NEWSWIRE) -- The Corridor Group (TCG), a leading national provider of compliance, consulting, coding, talent and education solutions to post-acute healthcare organizations, is pleased to announce the appointment of Des Varady as Chief Executive Officer.
As part of this transition, Jeannee Parker Martin will move to the role of Vice Chairman and Principal of TCG and will continue to help guide TCG's strategic development by working closely with Mr. Varady and his team. Ms. Martin will also continue to represent TCG and its commitment to home care and hospice through her many industry leadership efforts.
"I am pleased to turn over the reins of day-to-day leadership to such a capable individual as Des. We have worked closely together over the past year, and I will continue to support him in every way possible," stated Ms. Martin. "I also look forward to working more closely with our Board of Managers and investment partners by redoubling our efforts to advance the position of providers in the post-acute healthcare marketplace, and to ensuring that TCG is strategically positioned to deliver optimal value to its clients."
Mr. Varady joined TCG as its President and Chief Operating Officer in early 2013 and has led key operational and market initiatives, including the launch of TCG Coding Solutions via the acquisition of Daymarck in December 2013, the execution of TCG Compliance Solutions and the expansion of TCG Education Solutions. He has more than 25 years of successful executive leadership in healthcare and technology, and experience in delivering business strategy, operational effectiveness, compliance improvement, complex information technology deployment, and quality assurance for some of the nation's largest healthcare delivery and payer organizations. Mr. Varady will continue to develop and promote the strategic vision of TCG and will work with the executive team to execute the company's ongoing transformation and growth plans.
"It is a pleasure to work closely with industry veterans and leaders, such as Jeannee Parker Martin and Kathy Dodd, TCG's founder and Chairman Emeritus, and I look forward to continuing to build on the legacy of what these two outstanding women have created," commented Mr. Varady. "With their continued support, and the additional resources available from our private equity sponsor, HealthEdge Investment Partners, I am very excited about our future and the great solutions we continue to bring to our clients."
ABOUT THE CORRIDOR GROUP
Founded in 1989, The Corridor Group (TCG) is a leading national provider of compliance, consulting, coding, talent and education solutions to the post-acute healthcare industry. In December 2013, TCG acquired Daymarck, a leading provider of outsourced medical coding and OASIS review services, expanding its offerings to address increased compliance scrutiny and ICD-10 transitional needs. In 2003, TCG launched TCG CHEX eLearning (www.tcgchex.com) web-based training and orientation and the first of its kind specifically designed for home care and hospice. Since inception, TCG has provided business advice and solutions to thousands of clients ranging from large health systems and national chains to smaller independently operated agencies. TCG is a portfolio company of HealthEdge Investment Partners. For more information visit www.corridorgroup.com.
ABOUT HEALTHEDGE INVESTMENT PARTNERS
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge's partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.