Hooper Holmes (NYSE:HH) ticked up nearly 7% Thursday after announcing the appointment of Ransom J. Parker as its new chief executive, replacing Roy H. Bubbs, who resigned last Friday for personal reasons.
Parker, who has been a senior executive, director and private equity investor in the healthcare and technology industries for more than 30 years, will also serve on the life insurer’s board of directors.
Most recently, Parker served as principal of Cerulean Advisors, where he was responsible for providing strategic, financial and operations guidance to healthcare IT, medical device and life science companies.
From 1998 to 2008 he served as general partner of Redshift Ventures, where he worked with corporate governance, strategic planning and capitalization in over a dozen companies.
Hooper Holmes chairman Larry Ferguson said Parker has a “track record of success” in its core businesses and will help “accelerate the increased efficiency” that has been achieved in recent quarters.
Particularly related to healthcare IT, Parker served as chief operating officer of The Compucare Company, and worked for Share Medical Systems Corp. and Technicon Data Systems.
Parker said he honored to lead the company, noting all aspects of its strategy will be reviewed to “reinvigorate” operating performance and return Hooper Holmes to a “growth trajectory.”