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The HealthCentral Network Names Jeremy Shane President and Chief Operating Officer
Date:10/27/2008

ARLINGTON, Va., Oct. 27 /PRNewswire-USNewswire/ -- The HealthCentral Network, Inc. (http://www.HealthCentral.com) announced today that Jeremy Shane, former vice president of business development for HealthCentral, has been named President and Chief Operating Officer of the company.

With a proven track record of growing young businesses, Shane will oversee day-to-day operations at HealthCentral. He will be responsible for audience growth, user engagement, and revenue, and will report to CEO Christopher M. Schroeder. He has been with the company since January 2006.

"I've known and worked with Jeremy for nearly two decades, and his combination of strategic, analytic and operating savvy, combined with a proven track record growing companies even in challenging business environments, will ensure HealthCentral continues its significant trajectory," Schroeder said. "Shane understands the online health space and how it has evolved to meet specific condition needs of users and marketers. He knows how to grow relationships with partners and customers, and how to deliver products that people facing major health situations and everyday wellness issues need."

Schroeder will run the overall company and focus on strategic partnerships and HealthCentral's aggressive acquisition strategy. "We have made several strategic additions this year, capitalizing on the significant investment made by IAC/InterActiveCorp (Nasdaq: IACI) and our existing investors in early 2008," Schroeder said. This summer, the company acquired TheBody.com, the #1 online resource for HIV/AIDS information, and MedTrackAlert, a provider of targeted health information. "At a time when cash is king, we are looking to use our cash on hand to acquire the best online experiences that help us better serve specific user needs, and remain industry leaders of audience knowledge for health marketers," Schroeder added.

In October, HealthCentral added experienced Microsoft executive Peter A. Horn as Chief Revenue Officer. "We have a tremendously deep and experienced leadership team - innovators and achievers - and fabulous new assets," Schroeder added.

Prior to joining HealthCentral, Shane was co-founder and CEO of Versify Solutions, LLC, an enterprise software developer focusing on the wholesale power industry. He was a founding member of Exelon-Power Team, the wholesale power marketing unit of Exelon Corporation (NYSE: EXC), and guided the unit's profitable growth from a Mid-Atlantic focus to a leading position nationwide. Shane served in the Federal government working on the savings and loan recovery and health care policy. He graduated magna cum laude from the University of Pennsylvania with a B.A. in International Relations.

About The HealthCentral Network

The HealthCentral Network, Inc. (http://www.HealthCentral.com) is a leading online health resource, with more than 35 condition-specific and wellness sites. By offering connections to renowned experts, a network of patients and caregivers who share "real world" experience, and in-depth information, sites in The HealthCentral Network make a meaningful difference in the lives of patients and caregivers. The HealthCentral Network also manages the highest-quality health advertising network, not building size for size's sake but engaging qualified audiences who value and connect with information from marketers on their terms.

The HealthCentral Network was acquired in 2005 by Polaris Venture Partners, The Carlyle Group, Sequoia Capital, and Allen & Company. In January 2008, the Company received a significant minority investment from IAC/InterActiveCorp and additional investment from its original investors, and IAC CEO Barry Diller joined the company's board of directors. In April 2008, HealthCentral and IAC Ad Solutions Network announced a new ad network relationship, expanding the collective reach to nearly 50 million monthly unique users.

HealthCentral's management team combines decades of interactive media, medical and journalism experience: CEO and President Christopher Schroeder was CEO and Publisher of Washingtonpost.Newsweek Interactive, the interactive subsidiary of The Washington Post Company (NYSE: WPO).


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SOURCE The HealthCentral Network
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