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 21, 1999 announcing the naming of John Prufeta
interim chief executive officer.
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 Contact: Robin Schoen
October 21, 1999 215/504-2122
MEDIX RESOURCES NAMES JOHN PRUFETA INTERIM CHIEF EXECUTIVE OFFICER Management
Change Reflects Commitment to Strategy Shift for iHealth
Software Provider
Denver, CO -- John Yeros, founder, chairman, and president of Medix Resources,
Inc. [OTCBB:MDIX], today announced that the firm's six-member board of directors
has approved the appointment of John R. Prufeta, 39, as interim chief executive.
Prufeta replaces Yeros as chief executive officer. Concurrent with this shift,
Yeros relinquished the role of secretary to David Kinsella, Medix's controller.
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.
As interim chief executive officer, Prufeta will concentrate his efforts on
creating core business structures and relationships to facilitate Medix's
transition from a medical staffing company to an iHealth software provider. He
will develop market distribution channels for the firm's Cymedix.com software
product suite and establish an overall growth agenda for the firm. Additionally,
he will work closely with Yeros and David Pfeil, chief operating officer and
chief technology officer of Medix's wholly-owned subsidiary Cymedix Lynx
Corporation based in Thousand Oaks, California, in the areas of strategic
planning, and mergers and acquisitions. Prufeta will also continue as general
managing partner of The Creative Group (TCG), the New York City-based holding
company for Creative Management Strategies, for which he continues as chief
executive officer and president; Creative Health Concepts, for which he
continues as managing general partner; and TCG Development, for which he
continues as managing general partner.
"John had been actively assisting us from his position as an investor and board
member in Medix," stated Yeros. "It was strategically beneficial to us that he
have the authority to act more efficiently and effectively in Medix's behalf."
Yeros continued, "With his extensive experience, knowledge, and contacts, John
gives Medix a tremendous advantage -- which he's already demonstrated -- in
building meaningful client relationships and attracting significant industry
talent."
"Technology is clearly the primary tool for improving the quality of service
delivery and cost efficiencies in the healthcare vertical market," stated
Prufeta. "The Cymedix.com suite of iHealth software products accelerates the
connection between the many disparate entities comprising the healthcare
industry." Prufeta continued, "My role in Medix's transition is to build the
structures that will fully leverage the very significant technologies of the
Cymedix.com product portfolio.
In 1996, Prufeta, together with co-founder and co-managing general partner Ira
Gottlieb, established The Creative Group (TCG), the holding company for Creative
Management Strategies, Creative Health Concepts, and TCG Development. Creative
Management Strategies, with an installed base of more than 1,500 healthcare
professionals, is one of the largest and most successful healthcare executive
search firms. Creative Health Concepts is the largest provider of outsourced
network development on the East Coast. TCG Development provides funding and
management and board staffing, and serves as the sales and marketing adjunct for
eight healthcare provider and healthcare technology firms.
TCG Development was established in 1996 concurrent with the creation of The
Creative Group. In 1989, Prufeta and Gottlieb purchased Creative Management
Strategies, then known as David Hertz & Associates, and Creative Health
Concepts, then known as David Hertz Health Concepts, from D.J. Hertz &
Associates, an international financial services executive search firm. In 1987,
Prufeta was named general manager of D.J. Hertz & Associates' healthcare
practice. He began his career in the healthcare staffing industry as a research
associate at D.J. Hertz & Associates in 1984.
Prufeta is a member of the board of directors of Women's Primary Care Services;
a member of the board of trustees of New York Hospital of Queens, Silvercrest
facility; and a member of the board of advisors of the National Managed Care
Congress. Additionally, he is an adjunct professor to the Consortium on Managed
Care at Fordham University
Prufeta is a graduate of the Harvard Executive Program OPM28 at the Harvard
University Graduate School of Business. He holds a B.S. Degree in Management
from St. John's University.
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.
