updated: 8/25/2004 7:31:58 AM
INDIANAPOLIS, IN. (August 23, 2004) Senex Financial Corp., a healthcare services company headquartered in Indianapolis, today announced that Dan Quayle, former Vice President of the United States, has agreed to act as Senior Advisor to the Senex Board of Directors.
Mr. Quayle was the 44th Vice President of the United States, serving under President George H.W. Bush, and in that capacity served as the President of the United States Senate and a member of the National Security Council. Prior to being elected Vice President, Mr. Quayle was a member of the United States Senate and the House of Representatives.
Mr. Quayle is currently Chairman of Cerberus Global Investments, an affiliate of Cerberus Capital Management, an investment fund headquartered in New York City. He is a member of several Boards of Directors, including the Boards of K2 and Aozora Bank in Japan.
In his capacity as Senior Advisor to the Senex Board, Mr. Quayle will bring his extensive healthcare policy and business expertise to the business of Senex. Senex Financial Corp., through its subsidiaries, is engaged in providing assistance to healthcare providers, and in particular, hospitals, in the management of self-pay receivables. Senex is a leader in the monetization and management of self-pay healthcare receivables.
Mr. Quayle stated: "Healthcare is a very challenging business these days. The solutions offered by Senex are creative and have real value in the marketplace. In addition, I have been in business with Matt Neff in the past, so I feel comfortable with the management team. My interest in serving as an Advisor to their Board is the result of my confidence that Senex can provide solid, significant solutions to self-pay problems."
R. Matthew Neff, Chairman and co-CEO of Senex, commented: "Few organizations have the opportunity to draw on the knowledge and expertise of someone like the former Vice President. Dan Quayle will help Senex navigate complicated healthcare policy issues so that Senex can provide our hospital customers with compelling financial solutions to their self-pay challenges."
About Senex Services Corp.
SENEX Services Corp. is the nation's leading purchaser of distressed healthcare receivables. Founded in 1998, the company has purchased more than $300 Million in hospital accounts receivable. Senex announced earlier this year that it had received an equity investment from SKM Growth Investors, Dallas, Texas. For more information on SENEX visit www.senexco.com.
Source: Senex Services Corp.