THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS
PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
30
April 2024
Kooth Plc
("Kooth", the "Company" or
the "Group")
Directorate
change
Kooth adds US experience to
its board
Kooth (AIM: KOO), a global leader in
youth digital mental well-being, is pleased to announce the
appointment of Sherry Beth Husa to the Board as an independent
non-executive Director with immediate effect.
Sherry Beth Husa has more than 35
years' experience in building and improving the performance of
managed care organisations in the USA. Sherry has extensive
experience of leading and improving the operations, growth and
profitability of significant US health insurance
programmes.
At Centene, a Fortune 50 healthcare
enterprise, Sherry recently held the role of President and CEO of
Meridian Health Plan of Illinois, which provided insurance coverage
for more than 1.2 million members and generated $6.6 billion of
revenue. Sherry also held the roles of President and CEO of
the Wisconsin and Nebraska health plans at Centene. In
addition, she has held executive positions at other leading firms
including Cigna Healthcare and Humana. Sherry has repeatedly
demonstrated throughout her career a strong ability to improve
performance and work with US Federal and State programmes,
including Medicaid and Children's Health Insurance Programs (CHIP),
both of which will be invaluable to Kooth as it looks to further
expand its operations in the US.
Peter Whiting, Chair of Kooth, said:
"I am delighted to welcome Sherry to
the board of Kooth. Sherry brings extensive executive
experience and expertise in delivering healthcare and related
insurance programmes across the US and has repeatedly driven
significant growth through her leadership.
More than 85 million Americans are
enrolled in Medicaid and CHIP, representing $1 out of every $6
spent on healthcare in the US. This underlines both our
opportunity in the US and also the benefit that Sherry's experience
will bring as we look to expand our US operations to help more
Americans with their mental health, following our significant
contract win in the State of California and partnership with Aetna
Better Health Illinois. Sherry's guidance and drive will be
crucial in further building our presence in the US."
|
Enquiries:
|
|
|
|
|
|
Kooth plc
|
investorrelations@kooth.com
|
|
Tim Barker, CEO
|
|
|
Sanjay Jawa, CFO
|
|
|
|
|
|
|
|
|
|
|
|
Stifel, Nominated Adviser & Sole
Broker
|
+44 (0) 20 7710 7600
|
|
Ben Maddison, Nick Adams,
Nicholas Harland, Erik Anderson
|
|
|
|
|
|
|
|
|
FTI
Consulting
|
kooth@fticonsulting.com
|
|
Jamie Ricketts, Alex Shaw,
Usama Ali
|
|
About Kooth plc:
Kooth (AIM:KOO) is a global leader
in youth digital mental well-being. Our mission is to provide
accessible and safe spaces for everyone to achieve better mental
health. Our platform is clinically robust and accredited to provide
a range of therapeutic support and interventions. All our services
are predicated on easy access to make early intervention and
prevention a reality.
Kooth is a fully safeguarded and
pre-moderated community with a library of peer and professional
created content, alongside access to experienced online
counsellors. There are no thresholds for support and no waiting
lists.
Kooth is the longest standing
digital mental health provider to hold a UK-wide accreditation from
the British Association of Counselling and Psychotherapy (BACP) and
according to NHS England data for 2022/23 is now the largest single
access provider for mental health support for under 18s.
In 2021, Kooth began executing on its
international expansion strategy, with an initial focus on the US
market. This focus is due to the growing recognition of the
importance of improving youth mental health in this key global
healthcare market, with 1-in-6 people aged 6-17 experiencing a
mental health disorder each year.
Regulatory disclosures - The
following disclosures are made in accordance with Schedule 2(g) of
the AIM Rules for Companies: Sherry Beth Husa, aged 59, holds
no ordinary shares or options in the Company. Sherry's current and
previous directorships are as follows:
|
Current Directorships
|
Previous Directorships (last 5 years)
|
|
Discovery World
Versiti, Inc.
Versiti Michigan, Inc.
Versiti Indiana, Inc.
Versiti Wisconsin, Inc.
Leyden Family Service
|
St Ann's Center for Intergenerational
Care
Competitive Wisconsin
Alliance of Health
Insurers
Meridian Health Plan of Illinois,
Inc.
Harmony Health Plan, Inc.
Managed Health Services Insurance
Corp.
IlliniCare Health Plan,
Inc.
Centene Venture Company
Illinois
WellCare Health Insurance Company of
Wisconsin, Inc.
WellCare Health Plans of Wisconsin,
Inc.
WellCare of Illinois, Inc.
|
Save for the disclosures above, there
are no further disclosures to be made in accordance with Rule 17
and Schedule 2(g) of the AIM Rules.