ATLANTA …Â Per-Se Technologies (Nasdaq: PSTI), which provides business management outsourcing services, financial and clinical software solutions and Internet-enabled connectivity to the health care industry, has added Jeffrey W. Ubben of Valueact Capital to its board of directors.
The appointment expands Per-Se’s board to eight directors, including five independent directors.
Ubben is the managing partner of Valueact Capital, an investment partnership with more than $775 million in assets under management. The firm owns approximately 5.4 million shares, or 17.8 percent, of Per-Se’s outstanding common shares. Its purchases were made in the open market.
Ubben also serves as a board member of Martha Stewart Living Omnimedia and Insurance Auto Auctions. He holds a bachelor of arts degree from Duke University and a master of business administration from the J.L. Kellogg Graduate School of Management at Northwestern University.
“With Jeff’s broad financial experience, he will be an asset to the board as we continue to focus on enhancing shareholder value,” Per-Se Chairman and Chief Executive Philip M. Pead said in a statement.
“As a shareholder for almost three years, we are pleased with the progress Per-Se has made, and we believe in the long-term value of the company,” Ubben said. “I look forward to working together with the board and management team to further enhance value to all shareholders.”
Per-Se Technologies: www.per-se.com