MediMedia Health Names Phil Deschamps as Company CEO

YARDLEY, Pa.--(BUSINESS WIRE)--

MediMedia Health, one of the most respected Medical Marketing providers of advanced multi-channel communications and marketing strategies for global medicines companies, has appointed Phil Deschamps as President and CEO. Deschamps formerly served as President and CEO of GSW Worldwide, a division of inVentiv Health, where he led worldwide operations evolving that agency from a local Columbus based healthcare agency to one of the world’s largest and most prestigious healthcare agencies.

In his new role, Deschamps will oversee the operations of all business divisions within MediMedia Health. He will have responsibility for leading and building upon the foundation of proven, innovative, intelligence-driven Non-Personal Promotion (NPP), medical communication, and managed markets strategies the company has delivered to clients for more than 30 years. More specifically, Deschamps will expand the company’s service offerings and client relationships by developing strategic analytics, digital channels, and integrated campaigns while driving operational excellence. Deschamps will report directly to the CEO of MediMedia USA, Bill Goldberg.

“I’m thrilled to have someone with Phil’s exceptional leadership skills and marketing vision in this role,” said Goldberg. “Phil has a proven track record of success in building impactful client solutions and in so doing driving exceptional business growth. His passion, enthusiasm and expertise for healthcare marketing, clients and people exemplify the qualities we want MediMedia Health to be recognized for.”

The depth of Deschamps’ expertise stems from his 26 years in the Health Sciences industry.

At the helm of GSW Worldwide, Deschamps grew the business three fold and oversaw its expansion into digital and global services. Prior to that, he served as director of neuroscience marketing at Bristol-Myers Squibb (BMS) in Princeton, N.J., where he participated on several pre-launch Global Marketing teams in the neuroscience and pain markets.

“I am absolutely thrilled to lead MediMedia Health to continue on its successful path,” said Deschamps.

MediMedia Health recently announced its dynamic reorganization to satisfy the demands of a rapidly evolving healthcare marketplace. “We will leave no stone unturned to continue to evolve our leading services to give our clients a competitive advantage in the support of their brands,” said Deschamps.

About MediMedia Health

MediMedia® Health is one of the most respected providers of advanced multichannel promotional health care-related marketing campaigns. Committed to optimizing our clients’ promotional and marketing efforts, the company delivers proven, integrated, intelligence-driven engagements to health care professionals, patients and caregivers. For more than 30 years, pharmaceutical and biotechnology companies have relied on our innovative marketing programs to stimulate brand growth and patient loyalty. www.medimediahealth.com

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Health Net Announces Appearance at Cowen & Company 32nd Annual Health Care Conference

LOS ANGELES--(BUSINESS WIRE)--

Health Net, Inc. (NYSE:HNT - News) today announced that members of its management team are scheduled to present at the Cowen & Company 32nd Annual Health Care Conference on March 5, 2012, at approximately 3:30 p.m. Eastern time (12:30 p.m. Pacific time).

Anyone attending the live presentation will be presumed to have read Health Net’s Annual Report on Form 10-K for the year ended December 31, 2011 and other subsequent reports filed by the company from time to time with the Securities and Exchange Commission.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. Health Net provides and administers health benefits to approximately 6.0 million individuals across the country through group, individual, Medicare, Medicaid, U.S. Department of Defense, including TRICARE, and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, Managed Health Network, Inc., provides behavioral health, substance abuse and employee assistance programs to approximately 5.0 million individuals, including Health Net’s own health plan members. Health Net’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

For more information on Health Net, Inc., please visit Health Net’s website at www.healthnet.com.

Cautionary Statements

Health Net, Inc. and its representatives may from time to time make written and oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act (“PSLRA”) of 1995, including statements in this and other press releases, in presentations, filings with the Securities and Exchange Commission (“SEC”), reports to stockholders and in meetings with investors and analysts. All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are intended to be covered by the safe harbor for “forward-looking statements” provided by PSLRA. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to changes in circumstances and a number of risks and uncertainties. Without limiting the foregoing, statements including the words “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend,” “feels,” “will,” “projects” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied or projected by the forward-looking information and statements due to, among other things, health care reform and other increased government participation in and regulation of health benefits and managed care operations, including the ultimate impact of the Affordable Care Act, which could materially adversely affect Health Net’s financial condition, results of operations and cash flows through, among other things, reduced revenues, new taxes, expanded liability, and increased costs (including medical, administrative, technology or other costs), or require changes to the ways in which Health Net does business; rising health care costs; continued slow economic growth or a further decline in the economy; negative prior period claims reserve developments; trends in medical care ratios; membership declines; unexpected utilization patterns or unexpectedly severe or widespread illnesses; rate cuts and other risks and uncertainties affecting Health Net’s Medicare or Medicaid businesses; litigation costs; regulatory issues with federal and state agencies including, but not limited to, the California Department of Managed Health Care, the Centers for Medicare & Medicaid Services, the Office of Civil Rights of the U.S. Department of Health and Human Services and state departments of insurance; operational issues; failure to effectively oversee our third party vendors; noncompliance by Health Net or Health Net’s business associates with any privacy laws or any security breach involving the misappropriation, loss or other unauthorized use or disclosure of confidential information; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; Health Net’s ability to complete proposed dispositions on a timely basis or at all; investment portfolio impairment charges; volatility in the financial markets; and general business and market conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included within Health Net’s most recent Annual Report on Form 10-K filed with the SEC and the risks discussed in Health Net’s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as may be required by law, Health Net undertakes no obligation to address or publicly update any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.

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Fast Company Names Castlight Health One of the World’s Most Innovative Companies

Thu, Feb 23, 2012, 1:36 PM EST - U.S. Markets close in 2 hrs 24 mins

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University General Health System Announces Acquisition of Facilities Management Company

HOUSTON, TX--(Marketwire -02/02/12)- University General Health System, Inc. (OTCQB: UGHS.PK - News) (Pinksheets: UGHS.PK - News), a diversified, integrated multi-specialty health delivery system, today announced that it has finalized the acquisition of Sybaris Group, LLC, a luxury hospitality service provider and facilities management company headquartered in Houston, Texas.

Sybaris Group, LLC provides environmental, food and nutrition, and facilities management services to twelve clients in the Houston metropolitan area, including University General Hospital. Sybaris, with nearly 100 employees, achieved almost $5.5 million in revenues and an estimated EBITDA of $500,000 in the year ended December 31, 2011. The acquisition, for 5 million shares of UGHS common stock, will increase University General Health Systems' shareholders' equity by approximately $1.5 million.

"The acquisition of Sybaris by University General Health System will allow us to grow more rapidly and leverage the scalability of our business model," stated Diron Blackburn, President and Chief Executive Officer of Sybaris Group, LLC. "We are delighted to join the UGHS team, as we are mutually committed to the expansion of the regional health delivery system."

"The quality of services provided by Sybaris will contribute to the success of our growth strategy, allow us to continue providing concierge-level services to our patients and physicians as we expand into new markets, and contribute to our bottom line, which is of paramount interest to our shareholders," observed Hassan Chahadeh, M.D., Chairman and Chief Executive Officer of University General Health System, Inc. "We expect the acquisition to increase our EBITDA by more than $1.0 million annually. Sybaris will contribute to our integrated, diversified model, and we are delighted to have Mr. Blackburn and his quality management team join our Company."

About University General Health System, Inc.

University General Health System, Inc. ("University General") is a diversified, integrated multi-specialty health care provider that delivers concierge physician- and patient-oriented services by providing timely, innovative health solutions that are uniquely competitive, efficient, and adaptive in today's health care delivery environment. The Company currently operates one hospital, two free-standing emergency rooms, and one ambulatory surgical center in the Houston area. University General also owns three senior living facilities and manages six senior living facilities, and it plans to complete additional acquisitions in 2012 and future years in Houston and other markets.

The Company is headquartered in Houston, Texas, and its common stock is listed on the OTCQB Exchange under the symbol "UGHS."

Forward-Looking Statements

The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements related to the future financial performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful execution of growth strategies, product development and acceptance, the impact of competitive services and pricing, general economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.

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