Date: Thu, 18 Dec 1997 19:00:17 GMT Server: Apache/1.1.1 Content-type: text/html Content-length: 2652 Last-modified: Sat, 18 Jan 1997 01:32:58 GMT
For Further Information, Contact:
Susan J. Lewis
(303) 804-0494
Clark, New Jersey, January 15, 1997 - Transworld Home HealthCare, Inc. (Nasdaq National Market:
TWHH, TWHHW) today appointed Timothy M. Aitken as Chairman of
the Board and Chief Executive Officer.
Prior to joining Transworld, Aitken, 52 served as Vice Chairman
and President of Apria Healthcare Group Inc. (NYSE:AHG). Previously,
Aitken was Chairman, President and Chief Executive Officer of
Abbey Healthcare Group Inc., which merged with Homedco Group Inc.
in June 1995 to create Apria. At the time of the merger, Abbey
had revenues approaching $500 million.
Aitken commented on his new position, "I am looking forward
to moving into the leadership role at Transworld. Today's healthcare
marketplace continues to evolve which will afford the Company
many opportunities. I am excited to help Transworld capitalize
on such industry opportunities and explore new ventures."
Scott A. Shay, member of the Board of Directors and Chairman of
the Search Committee, stated, "We are pleased that Mr. Aitken
has agreed to lead our organization. He brings to Transworld
significant healthcare background and expertise as well as his
proven leadership skills and corporate experience."
Transworld Home HealthCare, Inc. is a regional provider of a broad
range of alternate site healthcare products and services. The
Company also operates a specialized mail order pharmacy and provides
medical supplies nationwide.
NOTE: Certain statements contained herein are forward-looking
statements that have been made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the actual results in future periods or plans for future
periods to differ materially from those described herein or as
anticipated, believed or estimated.