SourceOne Healthcare Technologies, Inc., Promotes Brett Himes to Executive Vice President and Chief Financial Officer

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Himes Leads SourceOne's Financial Group and Contributes to The Company's Acquisitions of New Businesses and Forging New Partnerships with Best-in-Class Medical Imaging Equipment Manufacturers

SourceOne Healthcare Technologies, Inc., one of the nation’s leading distributors of medical imaging systems, equipment, radiographic consumable supplies, and service to healthcare providers, today announced the promotion of Brett Himes to the position of Executive Vice President and CFO.

Prior to being appointed Executive Vice President, Mr. Himes served the company as Senior Vice President and CFO. Drawn by SourceOne’s entrepreneurial culture, Mr. Himes joined the company in 2003 shortly after Los Angeles-based Platinum Equity acquired the two largest imaging supply distributors in the United States – Diagnostic Imaging (DI) and Health Care Products (HCP) – to form SourceOne Healthcare Technologies.

“Brett has been a primary contributor to SourceOne’s successful turn-around strategy over the past two years,” said Jerry C. Cirino, president and CEO. “As our CFO, he has been responsible for driving many of our strategic planning initiatives and executing business development processes that have helped reduce costs, improve efficiencies, increase productivity, and we have realized substantial gains in our free cash flow during a short period of time.”

Drawing from more than 20 years of financial and general management experience in corporate, entrepreneurial, consulting and public accounting environments, in his recent role as Senior Vice President and CFO, Mr. Himes has been responsible for all of the financial functions at SourceOne Healthcare Technologies, including general accounting, financial planning and analysis, financial operations, credit and collections, treasury and tax.

“In addition to excelling in all of these daily operations, Brett has made significant contributions to identifying and analyzing acquisition opportunities for the company, and analyzing new distribution relationships,” said Mr. Cirino. “These business strategies have proven to be vital to SourceOne's growth and strength within the marketplace.”

In his new role as Executive Vice President and CFO, Mr. Himes will be focused on achieving specific financial objectives for SourceOne, including increasing free cash flow, reducing operating expenses, improving earnings, and assisting the executive team with acquisitions of new businesses and forging new partnerships with best-in-class medical imaging equipment manufacturers.

During the past 18 months, SourceOne closed a record12 national distribution agreements, many of them exclusive, with some of the industry’s most respected medical imaging equipment manufacturers, including Merge eFilm, Imaging Dynamics Company, LTD., OREX, Barco, PenRad, CompuMed, and Shimadzu Medical Systems, among others.

“The past year and a half has been an extraordinary period of progress for SourceOne,” said Mr. Cirino. “While we were challenged by a constantly changing business environment, our organization remains focused, agile and always ready to seize new opportunities. Mr. Himes will continue to play an important role in helping me and the executive management teams build on SourceOne’s core business, as we also expand into new market segments which will offer a broader array of products and services.”    

Prior to joining SourceOne, Mr. Himes’ experience included seven years with the Medical-Surgical and Pharmaceutical divisions of McKesson, where he served as Vice President of Finance for the Supply Management Business and later as Senior Vice President and CFO of the Medical-Surgical Business. As CFO for McKesson Medical-Surgical a $3 billion healthcare distributor, Mr. Himes led mergers and acquisitions and business integration activities, as well as several major cost control and information systems initiatives.

Mr. Himes worked for Ernst & Young and several entrepreneurial companies prior to his tenure with McKesson. He also was the founder of a multi-location document-imaging service company. A CPA, Mr. Himes earned a Bachelors of Arts degree in Accounting from Colorado University in Ft. Collins, CO, and an MBA from Harvard University.    

About SourceOne Healthcare Technologies, Inc.

Headquartered in Mentor, Ohio, SourceOne Healthcare Technologies, Inc., is a leading provider of imaging equipment and radiographic supplies and services tailored to healthcare facilities, including those transitioning to a digital imaging environment. SourceOne offers broad lines of equipment and consumables as well as e-logistics, sales professionals and field-service engineers which enable customers to turn to SourceOne as the best-in-class source for effective supply chain and medical imaging management. SourceOne is a privately held company of Platinum Equity, a global acquisitions firm specializing in the strategic operation of mission-critical companies. For additional information, visit http://www.sourceonehealth.com.

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Todd E. Appleman
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