Aspyra appoints Rodney Schutt as Chief Executive Officer

Published: 11/18

CALABASAS, CA, USA - (HealthTech Wire / News) - Aspyra, Inc. (AMEX: APY), a leading provider of clinical and diagnostic information solutions for the healthcare industry, today announced that Rodney Schutt has joined the Company as Chief Executive Officer, effective November 17, 2008.

Mr. Schutt brings to Aspyra over 22 years of experience in the business, healthcare and technology fields, most recently as the Chief Operating Officer for Luminetx, a provider of bioscience technologies based in Memphis, TN.

“Following an extensive search for a qualified candidate, we are pleased to have Rodney Schutt leading the company as CEO,” said John Mutch, Aspyra’s Chairman of the Board. He continued, “His strategic business experience, coupled with his understanding of the healthcare technology environment are strong assets that will strengthen the Company’s business and financial structure.”

During his tenure at Luminetx, he led the business operations, generating 278% sales growth and reduced operating expenses by 31%. Before working with Luminetx, Mr. Schutt was Vice President of Business Development and Global Commercial Operations for Smith and Nephew Orthopaedics, and held various positions at GE Healthcare. As General Manager of GE Healthcare’s Healthcare Solutions, he led a team that contributed to $9.4B sales and $1.9B service revenue. He holds a B.A. in Business Administration from Marion College.

“I look forward to working with the management team at Aspyra to further strengthen and grow the Company,” said Mr. Schutt. “With our sophisticated product offerings and highly qualified personnel, the Company has the potential to excel in the healthcare environment, offering cost-effective solutions that enable business growth and quality patient care without being a financial burden to the customer .”

Mr. Schutt will succeed Mr. Jim Zierick, who had been Interim CEO since February 2008 and who will remain as an active director on the Aspyra Board. Mr. Schutt has also been appointed to serve on the Aspyra Board of Directors.

Aspyra solutions provide integrated technologies and services that improve the efficiency, safety and quality of patient care. Aspyra works directly with customers through its own sales and service staff as well as through an extensive partner network. The company currently counts over 440 customers and over 700 application installations in its installed base.

Aspyra’s solutions are designed to meet the needs of acute care hospitals, enterprise-wide delivery networks, medium to large imaging centers, and orthopedic group practices, with end-to-end solutions that automate processes at every point of patient and imaging encounter workflow.