XLHealth Corporation Announces Executi...( - Company Elects New Board...),Health

- Company Elects New Board Members, Appoints New CEO -

BALTIMORE, Jan. 28 /PRNewswire/ -- XLHealth, a Baltimore-based company focused on improving the healthcare of chronically ill seniors, today announced that its largest investor, MatlinPatterson, has nominated five new directors to the company's nine-person board. The modified board has appointed Frederick C. Dunlap as the company's chief executive officer and chairman of the board.

Patrick Hervy, who will remain on XLHealth's board of directors, has stepped down as board chairman and CEO. Current board members Dr. Jeffrey Tredwell, John Woloszyn, and Robert Reffkin will also remain. XLHealth's senior management team will continue to serve in their current positions.

"Fred Dunlap is a strong leader in the healthcare industry, having held executive-level positions at some of the nation's top health plans," said XLHealth executive vice president, Paul Serini. "With Fred at the helm of XLHealth, we are confident that the company will continue to grow in what is becoming an increasingly significant arena."

Prior to joining XLHealth, Dunlap served as owner and president of BWM Ventures, Inc., a management consulting firm concentrated on the healthcare services industry. In this position, Dunlap worked with private equity investors of several portfolio companies, serving in senior leadership capacities including roles as CEO, COO, and President. In addition, Dunlap previously served as COO of AMERIGROUP, a managed healthcare organization focused on the needs of low-income Americans. Dunlap has also served in executive level positions at UnitedHealth Group, as its CEO of Florida/Puerto Rico and previously as vice president of Specialty Companies.

"I am eager to join XLHealth at such an exciting time for chronic condition Special Needs Plans," said Fred Dunlap. "I look forward to the coming year as one where, as an organization, we are focused on delivering on the promise
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