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Sleep Solutions, Inc. Names Richard Hassett, M.D., New CEO
Date:12/1/2009

GLEN BURNIE, Md., Dec. 1 /PRNewswire/ -- Sleep Solutions®, Inc. (SSI), the leading diagnostic service provider for home testing and evaluation of sleep-disordered breathing, today announced it has named Richard Hassett, M.D., as its chief executive officer. Hassett was most recently president of Matria Healthcare, during its growth from a $250 million healthcare holding company into a $350 million industry leader in total population health, and its subsequent sale for nearly $1 billion. Hassett joined SSI's board of directors last winter and had been closely working with the management team during its CEO search.

Hassett's focus will be to manage the company's growth as market demand for highly accurate and cost-effective in-home testing products and services for obstructive sleep apnea (OSA) continues to increase. With OSA's prevalence rate equal to that of diabetes, the medical and managed care communities are increasingly in favor of a routine, in-home OSA detection model that reduces costs to payers and increases convenience for patients.

OSA is frequently seen in patients with diabetes, obesity, hypertension and heart disease, contributing to increased healthcare costs and adverse clinical outcomes. SSI's offerings are proven to result in accurate diagnosis and appropriate treatment of OSA, reducing costs and clinical complications.

"There is enormous potential for Sleep Solutions to assist physicians, patients and payers in cost-effectively managing this epidemic and to capture a significant share of the nearly $3 billion spent annually in the U.S. for the diagnosis of sleep disorders," Hassett said. "Our in-home diagnostic model is equivalent to in-lab tests for the diagnosis of OSA, but can be performed for a fraction of the cost while enhancing consumer comfort and privacy. The achieved savings can be passed through to managed care companies, employers and patients, making our offerings more attractive
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SOURCE Sleep Solutions, Inc.
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