Business
CML announces management changes at its U.S. subsidiary
CML announces management changes at its U.S. subsidiary
About this update from Christina Lake Cannabis Corp
[{"type":"text","content":"\n\n\n\nFeb. 24, 2010 (Canada NewsWire Group) -- MISSISSAUGA, ON, Feb. 24 /CNW/ -- CML HealthCare Income Fund (TSX: CLC.UN) (\"CML\" or the \"Fund\") today announced that Bob Carfagno, President and CEO of CML's U.S. medical imaging business, which includes American Radiology Services, Inc. (\"ARS\") and John Rodgers, CFO of ARS will be leaving to pursue other career opportunities. The Fund also announced today the appointment of Kent Wentzell, formerly General Manager of CML's Canadian medical imaging services, as Senior Vice President Operations of CML's U.S. medical imaging business, effective immediately.\"I would like to thank Bob and John for their efforts in making the ARS transition a smooth one,\" said Paul Bristow, President and CEO of CML. \"With the addition of Kent's strong business and clinical background, his proven track record of successfully integrating acquisitions, and a more focused approach to operations, we look forward to taking ARS to the next level of performance. Over the coming months, I will personally be taking a leadership role and a more hands-on approach to the day-to-day activities in our U.S. operations. We are committed to our U.S. medical imaging business and continue to believe that it will provide CML with growth through operating efficiencies and accretive acquisitions.\"Kent Wentzell joined CML in September 2002 as General Manager of CML's Canadian medical imaging services which now consists of 110 clinics and over 1,000 employees. During his tenure as General Manager, Mr. Wentzell was instrumental in growing revenue by approximately 100% through acquisitions and organic growth and, at the same time, significantly improving operating margins. Prior to joining CML, Mr. Wentzell spent three years as the General Manager of Bracco Diagnostic Canada Inc., a contrast imaging company where he was instrumental in growing revenue by approximately 300%. With the appointment of Mr. Wentzell, Kent Nicholson, Executive Vice President, Chief Operating Officer, will continue to oversee CML's Canadian medical imaging services. Mr. Wentzell will be relocating to Maryland.ARS, a leading provider of fully-integrated diagnostic medical imaging services in Maryland and Delaware, was acquired by CML in February 2008. This acquisition provided CML with an entry into the U.S. medical imaging business, serving as...