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Aver Inc. Names Nick Augustinos, Veteran Healthcare Executive, as New President and CEO

COLUMBUS, OH--(Marketwired - December 15, 2015) - Aver Inc., leader in the healthcare bundled payment space and provider of a patented data management platform that simplifies the healthcare reimbursement process, has appointed Nick Augustinos as President and Chief Executive Officer.

A member of the Aver board since 2014, Augustinos steps into the CEO role with more than 30 years of managerial, consulting and business development experience in the private and public healthcare sectors. Most recently, he served as Senior Vice President of Health Information Services and Strategy for Cardinal Health where he led strategy and investments in information services and key information services initiatives for the company. Prior to Cardinal Health, Augustinos held leadership roles with a variety of tech, consulting, and healthcare organizations including Cisco Systems, CareScience/Quovadx, Healtheon/WebMD, Deloitte Consulting, and CliniShareUniHealth.

Augustinos succeeds Kurt Brenkus, a company founder, who will remain involved in the strategic vision, product development, and go-to-market initiatives for the company.

"Nick is one of the greatest thinkers we have in the healthcare industry," said Brenkus. "His wide range of healthcare experience and knowledge made him the obvious choice for the job." He added, "It's rare to meet someone who shares a similar ideology and can understand the vision you have, but Nick and I really complement and energize each other and push each other's thinking. I'm excited to work with Nick to help Aver grow and strengthen our position as the leader in healthcare bundled payments."

Founded in 2010, Aver initially developed scalable analytics software for payers and providers of care through Aver Informatics. With the advent of the Affordable Care Act, Aver created an intuitive software platform to build bundles around episodes of care and support payment administration of those bundles. Analytics tools and reports provide insights to measure and manage performance in a fee for value environment.

"Aver is a company that is in the right space at the right time with the right team," said Augustinos. "I am honored to be named CEO and look forward to continuing to work with Kurt and the team to deliver solutions that support the move of the industry to fee for value and bundled payments." Augustinos holds a bachelor's degree in mechanical engineering from King's College, University of London, and a master's degree in business administration from the University of Michigan.

About Aver Inc.

Founded in 2010 and headquartered in Columbus, Ohio, the Aver CloudTM suite of products, allows Aver's customers to transition seamlessly from fee for service to value based reimbursement. By analyzing vast amounts of data available in current healthcare systems, Aver packages patient care services to create bundled payments and related reports. The Aver CloudTM enables the creation, management, insight, and payment processing for fee for value payment programs. Aver's solutions support commercial, Medicare, and Medicaid plans as well as health care providers in managing delivery costs. For more information, visit www.aver.io 

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