SAN DIEGO, CA--(Marketwire - Nov 13, 2012) - On the heels of reporting its record growth announcement, Awarepoint Corporation, the largest dedicated real-time location system (RTLS) corporation in healthcare, announced today that it named Keith B. Pitts, Vice Chairman of Vanguard Health Systems (NYSE: VHS), to its board of directors. In his role, Pitts will represent Heritage Group, a Nashville, Tenn.-based private healthcare investment firm that invested in Awarepoint in April.
"With over three decades of experience and success in healthcare, Keith is a proven strategic and operational leader and we are honored to have him join our board," says Jay Deady, CEO of Awarepoint. "His deep industry expertise and outstanding strategic management skills in influencing and growing organizations in challenging healthcare environments will help guide Awarepoint to the next level."
Before joining Vanguard Health Systems, which operates 28 acute care and specialty hospitals and complementary facilities and services in metropolitan Chicago, Illinois, metropolitan Detroit, Michigan; metropolitan Phoenix, Arizona; San Antonio, Texas; Harlingen and Brownsville, Texas: and Worcester and metropolitan Boston, Massachusetts, Pitts served as Chairman and CEO of Mariner Post-Acute Network and its predecessor, Paragon Health Network, a home nursing management company. Prior to that he was an Executive Vice President and Chief Financial Officer of OrNda Healthcorp, a hospital operator that Tenet Healthcare acquired in 1997 for $3.22 billion.
"As the industry's recognized healthcare RTLS leader, Awarepoint is playing a major role in enabling hospitals and health systems to address intense pressures to improve quality, to improve safety and efficiency of care and to manage costs," Pitts said. "Awarepoint is well positioned to grow rapidly, particularly as providers become increasingly aware of RTLS's ability to solve their problems and drive revenue. I look forward to helping Awarepoint execute its growth strategy and further extend its market leadership."
Heritage Group operates the Heritage Healthcare Innovation Fund (HHIF), a $167 million strategic venture fund backed by many of the nation's top hospitals, health systems and healthcare services firms. HHIF selected Awarepoint as its first investment in April. HHIF's limited partners include: Amedisys, Cardinal Health, Community Health Systems Inc., Health Care Service Corporation, Intermountain Healthcare, Iowa Health System, LifePoint Hospitals, Memorial Hermann Healthcare System, Trinity Health (Novi, MI) and Vanguard Health Systems.
Awarepoint delivers the healthcare industry's only cloud-based, Real-time Location System (RTLS) on a single platform of integrated software, technology, and managed services. By enabling predictive workflows to better manage assets, patients, and personnel across the enterprise, the aware360°Suite allows administrators and care providers to advance the quality, efficiency, experience, and economics of care. Dedicated exclusively to healthcare, Awarepoint's experience and reliable, proven solutions power the largest healthcare RTLS deployments in the world. For more information, visit http://www.awarepoint.com.