MedcomSoft founder, CEO steps down, other execs reshuffled

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Sami Aita, MD, MedcomSoft’s founder, has agreed to step down as CEO and director but will remain available as an advisor to the company. Robert Wilson has been appointed as MedcomSoft’s interim CEO subject to regulatory approval.

In January, Steven Small, MD, joined MedcomSoft’s board as chairman to lead an executive committee to evaluate the market potential for MedcomSoft Record, its fully integrated suite of ambulatory practice management (PM) and EMR software products, and to implement the necessary changes, according to MedcomSoft.

Small recruited Wilson as an expert advisor to the committee. Wilson was subsequently given a mandate to research and develop strategic opportunities for MedcomSoft to form partnerships with suitable allies in the U.S. healthcare industry.

“MedcomSoft has adopted a new strategic plan, re-aligned its operating structure and identified the U.S.-based leadership resources and alliances that will be required to achieve a meaningful share of the U.S. market,” Wilson said.

The Toronto-based company said its appointment of Wilson as new interim CEO with access to the opportunities in the U.S. health services market marks the conclusion of the mandate undertaken by the special committee. Small has elected to retire from the board of directors of the company to pursue other opportunities.

The board has approved Small’s recommendation to appoint John Gillberry as interim chairman to succeed him as board chairman.

James K. Haveman, Jr., and John D. Radford have been appointed to fill the vacancies on the board, subject to regulatory approval, the company said.

From June 2003 to May 2004, Haveman was the senior advisor to Iraq’s Ministry of Health. During this time, Haveman was also the health advisor to Ambassador Bremer, the administrator of the coalition provisional authority in Iraq.

Radford is an international sales and marketing executive with more than 35 years of experience serving the Ford Motor Company in Canada and the United States, the company said. Since 2000, he has served as a senior executive and general manager with Morguard Investments.

Wilson is a senior investment banker with more than 20 years and $3 billion in corporate finance transaction experience, the company said. He served as managing director and head of healthcare corporate finance for RBC Capital Markets, managing director healthcare corporate finance for First Union Securities and managing director and head of healthcare corporate finance at Wheat First Securities.

Gillberry is currently chief operating officer and chief financial officer of Software Innovation. He sits on several boards of both public and private corporations and is active in local and community non-profit organizations, MedcomSoft said.