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: November 3, 1999
MEDIX RESOURCES, INC
(Exact name of registrant as specified in its charter)
Colorado 000-24768 84-1123311
(State or other jurisdiction (Commission (IRS Employer
of incorporation) (File Number) Identification No.)
7100 East Belleview Ave., Suite 301, Englewood, CO 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-4828
None
(Former name or former address, if changes since last report)
Item 5. Other Events
Press release dated October 26, 1999 announcing appointment of John Lane and
Samuel Havens to the board of directors.
Reg. S-K
Exhibit No. Description Item No.
*99.1 Press release 99
<PAGE>
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.
MEDIX RESOURCES, INC.
Date: November 3, 1999 By:/s/ John P. Yeros
John P. Yeros, President
R O B I N S C H O E N P U B L I C R E L A T I O N S
526 Penn Street Newtown, PA 18940 t: 215/504-2122 f: 215/504-2123
e-m: [email protected]
For Immediate Release Contacts: Robin Schoen
October 26, 1999 215/504-2122
JOHN LANE, SAMUEL HAVENS JOIN MEDIX RESOURCES BOARD OF DIRECTORS
Former Senior Executives of J.P. Morgan, Prudential Life Insurance
Company of America
Demonstrate Belief in Value, Potential of Burgeoning iHealth Software
Products Provider
Denver, CO -- John Prufeta, interim chief executive officer for Medix Resources,
Inc. [OTCBB:MDIX], today announced the appointment of John T. Lane, 57, and
Samuel H. Havens, 56, to the firm's board of directors. Lane concluded a 26-year
career at J.P. Morgan in 1994. Havens concluded a 27-year career with The
Prudential Insurance Company of America in 1996. Established in 1988 as a
provider of medical personnel staffing, Medix provides Internet-based healthcare
communication, data integration, and transaction software through its
Cymedix.com product suite.
"The addition of John Lane and Sam Havens to Medix's board of directors is a
major milestone in the company's development," stated Prufeta. "We are honored
to have these two very distinguished professionals contributing their
significant expertise to Medix as we transition the company from its traditional
focus of medical personnel staffing provider to provider of iHealth software
products."
"I'm delighted to be joining Medix's board at this critical juncture in the
Company's evolution," stated Lane. "The U.S. healthcare industry must find a way
to spend a much lower percentage of each healthcare dollar on administration so
that it is able to dedicate a higher percentage to providing quality
healthcare." Lane continued, "With its Virtual Private Network, Medix has the
patent-pending capability to harness the Internet which will enable healthcare
providers to inexpensively automate many necessary but currently inefficiently
performed administrative transactions.
"I'm very excited to be involved with Medix," stated Havens. "The firm's
Cymedix.com suite of software products create significant benefits for
healthcare payors and providers by helping them reduce costs, improve patient
care, and raise the quality of payor/provider communications."
Since retiring from J.P. Morgan in 1994, Lane has served as a consultant for
J.P. Morgan, Alex Brown, The Cathedral of St. John the Divine, and First
International Investment Bank, Ltd.
Prior to his retirement, Lane was chairman of J.P. Morgan, Florida; director of
Morgan Shareholder Services, J.P. Morgan of California, and Morgan Futures; and
a member of the firm's Credit Policy committee. Earlier, he held the following
positions with J.P. Morgan: managing director, head of U.S. Private Clients;
managing director, head of U.S. Investor Services Group; senior vice president,
head of Eastern U.S. Corporate Finance; vice president, head of New
Jersey/Pennsylvania District; vice president, area manager for Southeast Asia;
and president and CEO of the firm's Indonesian Securities affiliate.
Lane is a director for Winthrop South Nassau University Health Care System, for
which he serves on the Nominating committee. He currently serves on the boards
of directors of Acme Metals, for which he is a member of the Compensation,
Finance, and Nominating committees; Toyo Trust Company of New York, for which he
is a member of the Audit, Executive, and Trust committees; Vytra HealthCare, for
which he is vice chairman and serves as a member of the Investment committee;
Winthrop University Hospital, for which he serves as chairman of the finance,
and nominating committees and serves on the Executive, Investment Planning, and
Medical Education committees.
Lane holds an MBA degree from the University of Michigan, from which he
graduated first in his class, Beta Gamma Sigma, winning the Dow Jones Finance
price. He holds a BA degree from Dartmouth College, from which he graduated cum
laude with economics honors, and was a Sloane Scholar and a Rufus Choate
Scholar. Lane served as a Lieutenant in the U.S. Army Medical Service Corp.:
82nd Airborne Division, Ft. Bragg, North Carolina; 6th Convalescent Center,
Vietnam.
Since retiring from The Prudential Insurance Company of America in 1996, Havens
is chairman and consultant to ADVICA Corporation. Additionally, he is a
consultant to and a member of the boards of directors of National Imaging
Associates, Inc.; Cardio Continuum; ALIGNIS Corporation; Pro Behavioral Inc.;
Benchmark Oncology; Cosmetic Surgery Consultants. He is also a consultant to the
Healthcare Financing Administration (Medicare) and the Robert Wood Johnson
Foundation.
Prior to his retirement, Havens was president of Prudential Healthcare;
president and, earlier, vice president of Group Operations; president of HMO
Operations; senior vice president of Southwestern HMO operations; and president
and, earlier, vice president of the Prudential-managed Rhode Island Group Health
Association. Havens began his career with The Prudential Insurance Company as a
group sales representative in 1965.
Havens is a member of the board of advisors of Temple Law School and the
editorial board of Managed Care Quarterly. He served as chairman of the board of
directors of all Prudential HMOs; chairman and member of the board of directors
of Rush Prudential Health Plan; member of the board of directors of the American
Association of Health Plans, for which he served as chairman of the Finance
committee and chairman of the board; and member of the board of directors of
Prudential Select Corporation.
Havens completed the Executive Program in Business Administration at Columbia
University. He holds a JD degree from Temple Law School, a CLU from the American
College of Life Underwriters, and a BA degree from Hamilton College.
Denver-based Medix Resources provides skilled nursing, therapy, rehabilitation,
and other medical personnel for flexible staffing in homes, and healthcare and
educational facilities. Through Cymedix Lynx Corporation, a wholly-owned
subsidiary based in Thousand Oaks, California, Medix offers Cymedix.com, a suite
of fully secure, patent-pending Internet communications software products, to
the healthcare industry.
# # #
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release, which are not historical facts,
contain forward-looking information with respect to plans, projections and/or
future performance of the Company, the occurrence of which involve certain risks
and uncertainties detailed in the Company's Form 10-KSB for 1998, which was
filed with the Securities and Exchange Commission on April 12, 1999, and its
1999 second quarter 10-QSB, which was filed with the Securities and Exchange
Commission on August 11, 1999. This information is available from the SEC or the
Company.
