Symbria® Announces Employee Stock Ownership Plan and Names New Board

16 Nov 2015, 10:10 AM EST

‘New Symbria’ Balances Commitment to Continued Growth as an
Independent Firm and Excellence in Serving Senior-Living and Post-Acute
Providers

WARRENVILLE, Ill.–(BUSINESS WIRE)–Symbria,
Inc., a leading provider of innovative rehabilitation and wellness
programs, pharmacy services, experience surveys, and IT consulting for
senior-living and post-acute providers, has announced a change in its
ownership structure. Previously privately held, Symbria became an
Employee Stock Ownership Plan (ESOP) company on October 31, 2015. As an
ESOP company, Symbria will distribute shares to the retirement accounts
of its more than 2,000 employees. In addition, the company has named a
new board of directors.

“This marks the most important milestone in our company’s 20-year
history,” said Symbria President and CEO Jill Krueger. “More than just a
retirement plan for our employees, our new structure is a true
reflection of our corporate culture, which values each of our employees’
individual contributions to our clients and the company as a whole.
This, coupled with our industry-leading focus on quality, integrity,
ethics, and an unwavering commitment to meaningfully improving the lives
and well-being of our clients’ patients and residents, has been central
to our growth. Now that our employees have an even greater appreciation
of the impact of their own contributions to our collective future, we
look forward to achieving new levels of client and partner satisfaction
and growth.”

“In an industry prone to consolidation, we have proactively and
purposefully chosen to remain independent with this move,” said Symbria
CFO Thomas Noesen, Jr. “Our mission is now firmly in the hands of our
leadership and employees, and we are confident that this will help
position us for Symbria’s best possible future.”

Symbria Names New Board

In announcing Symbria’s new board, Krueger said, “Our new board is
strategically composed of highly-respected business leaders with diverse
expertise and professional backgrounds in finance, marketing, and
strategic planning. They also boast a strong track record of
volunteerism, board service, and a genuine interest in healthcare.”

Symbria’s new board members include:

Lisa Cochrane, former senior vice president of marketing,
Allstate Corporation
James M. Hussey, former president, Sagent Pharmaceuticals
Jill M. Krueger, president and CEO, Symbria, Inc.
Roger Lumpp, former partner in the insurance practices of
Arthur Andersen and recently retired from KPMG
Jim Stark, retired partner-in-charge, KPMG Chicago’s
Healthcare Audit Practice
Duane M. Tyler, national leader, McGladrey Center for Business
Transition
Albert Weiss CFO, Forsythe Technology

Symbria’s previous Board was composed of representatives from the
company’s former shareholder organizations. “They were closely involved
in this transformation to a ‘new Symbria,’ and I know they will maintain
a strong interest in our continued success,” Krueger added.

“Our experienced leadership team will remain in place,” Krueger said,
“and we will continue to foster a nimble culture characterized by
commitment, passion, innovation and aggressive growth. We are all
re-energized and inspired by this transformation and the opportunity to
contribute to our own futures in a very direct way.”

About Symbria

With $130 million in revenue, Symbria is a leading national developer
and provider of innovative products and services dedicated to helping
post-acute and senior-living providers deliver proven quality, better
manage costs, and gain competitive advantage. These are the companies of
Symbria: Symbria® Rx Services provides innovative and
efficient medication management programs for the full spectrum of senior
living—skilled nursing, assisted living, and independent living. Alliance
Rehab™ provides physical, occupational, speech-language pathology,
and respiratory therapy, along with wellness programs and a proprietary
functional assessment tool. Symbria® Analytics offers inQ™
Experience Surveys for residents, families, employees, and
physician; IT consulting services; SAFE, a Patient Safety
Organization; and physician alignment resources. The company is based in
Warrenville, IL, and does business in 20 states nationwide. Visit www.symbria.com.