UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 1, 2004
REHABCARE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19294 51-0265872
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
7733 Forsyth Boulevard
Suite 2300
St. Louis, Missouri 63105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 863-7422
Item 5. Other Events and Regulation FD Disclosure.
RehabCare Group, Inc. issued a press release on June 1, 2004 announcing
the election of Joseph R. Swedish to the Board of Directors of the Company.
The press release in its entirety is attached as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. See Exhibit Index.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: June 2, 2004
REHABCARE GROUP, INC.
By: /s/ Vincent L. Germanese
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Vincent L. Germanese,
Senior Vice President,
Chief Financial Officer
and Secretary
EXHIBIT INDEX
Exhibit No. Description
99.1 Press release dated June 1, 2004
Exhibit 99.1
CONTACT: RehabCare Group, Inc.
Vincent L. Germanese, CFO
Betty Cammarata, Director-Investor Relations
Press: David Totaro, Senior Vice President,
Corporate Marketing & Communications
(314) 863-7422
or
Financial Dynamics:
Gordon McCoun/Lanie Fladell
Press: Sean Leous
(212) 850-5600
For Immediate Release
June 1, 2004
REHABCARE GROUP ELECTS JOSEPH R. SWEDISH
AS NEW MEMBER OF BOARD OF DIRECTORS
ST. LOUIS, MO., JUNE 1, 2004 - RehabCare Group, Inc. (NYSE:RHB) today announced
that Joseph R. Swedish has been elected to its Board of Directors.
Mr. Swedish is President and Chief Executive Officer of Centura Health, the
largest healthcare provider in Colorado, which includes 12 hospitals, 8 senior
housing facilities, home care and hospice operations, and a variety of services
promoting faith based community health initiatives.
Since joining Centura Health in 1999, Mr. Swedish has focused his efforts
on ensuring the financial stability and service excellence of its core
operations. Under his leadership, the organization received national recognition
for producing a $100 million turnaround in its first year combined with an
unprecedented three bond rating upgrade. Centura Health has also developed a
reputation for excellence and innovation in patient care, evidenced by the
designation of five of its hospitals as part of Solucient's 2003 100 Top
Hospitals(R) list. As another example, Centura recently opened a new hospital
using advanced wireless technology and state of the art process improvement
methods.
John H. Short, Ph.D., President and Chief Executive Officer of RehabCare
Group, stated, "We are delighted to have Joe Swedish join our Board. Joe's
extensive career has focused on turnaround situations and enterprise creation
that has given him unmatched experience in the cultural, financial, and
strategic restructuring of healthcare delivery systems. His experience on a
variety of healthcare boards will be invaluable to us as we deliver our own
strategy."
Mr. Swedish commented, "I am excited about joining a Board which has
provided dynamic leadership and direction to the new RehabCare. I have known Dr.
Short for many years and am delighted to be able to participate in the execution
of the strategic initiatives which he and his management team have put in
place."
Mr. Swedish is a Fellow of the American College of Healthcare Executives.
He is also vice-chairman of the Colorado Health and Hospital Association; a
member of the American Hospital Association Regional Policy Board (Region 8);
chairman of the Public Education and Business Coalition; and a board member of
the Metro Denver Boy Scouts, the Colorado Forum and Colorado Concern. In 2003,
he was awarded the University Medal for service to the University of Colorado by
its Board of Regents and received the 2003 Ernst and Young Rocky Mountain Region
Entrepreneur of the Year Award and subsequently was named a nominee for the
national award. He holds a B.A. degree from the University of North Carolina and
an M.H.A. from Duke University.
RehabCare Group, Inc., headquartered in St. Louis, Missouri, is a leading
provider of rehabilitation management services in over 700 hospitals, nursing
homes and other long-term care facilities throughout the United States. It
provides services in acute care, skilled nursing, outpatient and home health
settings to fit the clinical needs of patients in a cost-effective manner.
RehabCare Group is pleased to be included in the Russell 2000 and Standard and
Poor's Small Cap 600 Indices.
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