Millennium Healthcare, Inc. (OTCQB: MHCC), a developer and distributor of healthcare services and medical devices, today announced the appointment of industry executive David Bingaman as President and member of the Board of Directors effective August 15, 2015.
Prior to joining Millennium, Mr. Bingaman was a senior member of the founding executive team, Regional President/CEO and Senior VP of National Operations of American Medical Response (AMR). As a seasoned healthcare executive that brings over 25 years of experience in healthcare, he developed and oversaw the operations of 250 operating centers in 44 states, generating annual revenues of $1.3 billion.
Mr. Bingaman implemented national business process improvements by incorporating a wide-array of productivity processes, operations/financial key performance indicator metrics, competitive pricing standards, value propositions and contract templates, resulting in consistently reduced operational costs while increasing bottom-line profitability by increasing top line growth and improved performance up to 33% during his tenure. In addition, AMR was awarded 12 national "best in class" service operations awards.
Mr. Bingaman was a key executive of the AMR Team that completed and integrated more than 70 acquisitions during his tenure. He exceeded publicly traded budget targets for 20 quarters; which resulted in substantial growth and grew shareholder value from $8.50 per share at merger IPO to $40.00 per share at exit through this national rollout in just under 5 years.
Keep bashing trying to pick up cheap shares. new management is acquiring companies and getting ready to take it to the next level. Read the Pr's. You losers are trying to cause panic selling so you can pick up cheaper shares.
This company is way undervalued. OS shares is still under 300 million. They have not used up the authorized shares. They are buying up companies. New management will take it to new heights. $5 million in revenue and only $1 million market cap. Anyone bashing here either lost money or trying to get cheaper shares. That's how the game is played.