UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): October 25, 2005
REHABCARE GROUP, INC.
(Exact name of Company as specified in its charter)
Delaware 0-19294 51-0265872
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
7733 Forsyth Boulevard
Suite 2300
St. Louis, Missouri 63105
(Address of principal executive offices) (Zip Code)
(314) 863-7422
(Company's telephone number, including area code)
Not applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Company under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
(d) On October 25, 2005 Anthony Piszel and Larry Warren were elected to
RehabCare Group, Inc.'s Board of Directors. Mr. Piszel will serve as a
member of the Board's Audit Committee and Mr. Warren will serve on the
Board's Compensation and Nominating/Corporate Governance Committee.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release issued October 25, 2005 announcing the election of
Anthony Piszel and Larry Warren as new members of the Board of
Directors of RehabCare Group, Inc.
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: October 25, 2005
REHABCARE GROUP, INC.
By: /s/ Mark A. Bogovich
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Mark A. Bogovich
Vice President,
Interim Chief Financial Officer
Exhibit 99.1
CONTACT: RehabCare Group, Inc.
Mark Bogovich
Interim Chief Financial Officer
Betty Cammarata, Dir., Investor Relations
Press: David Totaro, Senior Vice
President, Corporate Marketing &
Communications
(314) 863-7422
FOR IMMEDIATE RELEASE
Tuesday, October 25, 2005
REHABCARE ELECTS NEW MEMBERS TO BOARD OF DIRECTORS
ST. LOUIS, MO, OCTOBER 25, 2005 - RehabCare Group, Inc. (NYSE: RHB) today
announced that Anthony (Buddy) Piszel and Larry Warren have been elected to its
Board of Directors. John H. Short, Ph.D., RehabCare President and Chief
Executive Officer, said the newest members round out a multifaceted Board.
"Our Board represents a group of professional leaders with diverse
backgrounds and competencies to guide and support the direction of RehabCare,"
said Dr. Short. "The addition of these gentlemen will offer a fresh perspective
that is backed by years of experience in their respective fields within the
healthcare industry."
Anthony (Buddy) Piszel is Senior Vice President and Chief Financial Officer
for Health Net, Inc., one of the country's largest publicly traded managed
healthcare companies. Prior to assuming his current role, Piszel served in
various capacities for Prudential Insurance Company of America, including
Corporate Controller, was an audit partner for the accounting firm of Deloitte &
Touche and served two years as a Practice Fellow for the Financial Accounting
Standards Board. He received his M.B.A. from Golden Gate University in San
Francisco.
"Buddy has exceptional qualifications in financial services for the
healthcare industry, including asset management, acquisitions and dealing with
analysts and rating agencies. His experience in the area of financial oversight
is highly valued on public company boards today, and we are pleased with Buddy's
decision to join our Board. He has been appointed to our Audit Committee."
"RehabCare is an exciting organization with a real vision for the future,"
said Piszel. "I look forward to working with my fellow Board members and the
RehabCare management team in bringing those goals to fruition."
Recently retired as the Director and Chief Executive Officer of The
University of Michigan Hospitals and Health Centers, Larry Warren provided
executive leadership for a $1.4 billion health system, considered one of the top
in the nation. A graduate of Eastern Michigan University with degrees in
Business and Education Administration, Warren held director and administrator
roles for The University of Michigan Health System's four hospitals, ambulatory
and home health care services, occupational health services and its HMO during
his nearly 20-year tenure. He also was as an adjunct professor for the
university's School of Public Health, Health Management and Policy. He has
served on the boards of numerous healthcare organizations and was a recipient of
the Association of Black Professionals, Administrators, Faculty and Staff's Dr.
Charles Moody Highest Achievement Award in 2001.
"An honored leader, Larry brings a new dimension to the clinical expertise
represented on our Board, which now ranges from clinician to administrator,"
stated Dr. Short. "And his experience with a highly ranked teaching institution
will serve us well as we continue to look for ways to forge meaningful
relationships with the academic community that support our recruitment and
clinical research efforts. Larry has been appointed to our Compensation and
Nominating/Corporate Governance Committee."
"I've been particularly impressed by RehabCare's drive to identify and
establish best practices of post-acute care," commented Warren. "It's an example
of being good stewards of their role in the healthcare process and demonstrates
a true commitment to patient care."
RehabCare Group, Inc., provides physical therapy management services for
hospital inpatient rehabilitation and skilled nursing units, outpatient programs
and contract therapy services in conjunction with more than 900 hospitals and
skilled nursing facilities in 38 states, the District of Columbia and Puerto
Rico. RehabCare also operates three freestanding rehabilitation hospitals and
two long-term acute care hospitals, which provide specialized acute care for
medically complex patients. RehabCare is pleased to be included in the Russell
2000 and Standard and Poor's Small Cap 600 indices.
Photos available on request.
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