SOURCE: myMatrixx

myMatrixx

October 06, 2009 14:18 ET

Thomas W. Cardy Joins myMatrixx as Chief Financial Officer

Brings Over 20 Years of Experience Leading Strategic Growth Initiatives for Privately Held Companies

TAMPA, FL--(Marketwire - October 6, 2009) - myMatrixx™, a leading provider of pharmacy management solutions for workers' compensation and auto claims, today announced that Thomas W. Cardy, CPA, has joined the company as Vice Chairman, Treasurer and CFO. Mr. Cardy has served on myMatrixx's Board of Directors since 2006. Since then, myMatrixx has experienced double digit growth and ranks 1,595 nationally on Inc.'s Fastest Growing Companies. Mr. Cardy brings an extensive background as a senior financial executive and advisor to fast growing public and privately held firms, as well as private equity and investment firms. In his new role at myMatrixx, Mr. Cardy will help the company build upon its already impressive growth by managing the company's finance and administration, capital markets, strategic and organic growth initiatives.

Tom has served as Executive Vice President and CFO of publicly traded online travel pioneer Preview Travel, and as CFO and COO of Communications Equity Associates, a media and entertainment focused investment bank with operations in the US, Europe and Asia. Tom also has 20 plus years' experience providing investment banking and financial advisory services to middle market firms, most recently as a Managing Director with Tampa-based Hyde Park Capital. He began his career and spent 11 years in the audit and tax practice at Arthur Andersen & Co. Mr. Cardy graduated with high honors from the University of Florida.

"I am pleased that myMatrixx will continue to benefit from Tom's impressive financial acumen and operating experience which will be an invaluable asset to us as we continue to expand our offering and value to the marketplace," said Steven MacDonald, Chief Executive Officer of myMatrixx. "His deep understanding of our company and the industry at large will enable us to continue to elevate myMatrixx's leadership position in the workers' compensation industry."

"myMatrixx has all the characteristics that make it ripe to become the breakout leader in its space -- a strong technology platform; a talented and committed management team; a diverse and growing client base; a strong balance sheet and a focus on a fast-growing industry with great demographics and the need for improved efficiency and effectiveness," said Mr. Cardy. "I look forward to maximizing the opportunities that lie ahead and helping to chart a course that leverages myMatrixx's strong foundation."

About myMatrixx

myMatrixx™ is a national pharmacy services company that simplifies the management of and reduces the cost of workers' compensation pharmacy claims. By providing a unique, powerful combination of advanced technology, proactive expertise and streamlined processes, myMatrixx reduces costs for self-insured employers, third party administrators, managed care companies and insurance carriers. The company operates a network of more than 60,000 retail pharmacies, a mail order pharmacy, a state-of-the-art compounding center and an information-based clinical pharmacy program. For more information on myMatrixx, visit www.mymatrixx.com.

Contact Information

  • Contact:
    Nici Biddle
    MyMatrixx
    813.425.9655

    P.O Box 274070
    Tampa, FL 33688
    ph: 813-247-2341
    fax: 813-247-3391