Full Press Release Details
LOUIS SILVERMAN APPOINTED TO STAAR SURGICAL
Appointment of Healthcare Industry Leader
Expands STAAR's Board to Eight
MONROVIA, CA, September 15, 2014 - STAAR Surgical
Company (NASDAQ: STAA) a leading developer, manufacturer and marketer of implantable lenses and delivery systems for the eye, today
announced that its Board of Directors has appointed Louis E. Silverman, to the Company's
Mr. Silverman is currently the Chairman and CEO of privately
held Advanced ICU Care, Inc. a rapidly growing technology enabled health care services company providing tele-ICU monitoring services
to hospitals nationwide. Previously, Mr. Silverman was CEO of Marina Medical, Inc. where he achieved a successful exit for the
privately held Company, and President and CEO of Qualcomm-backed health care start-up LifeComm.
Mr. Silverman has also served as COO of Corvel Corporation, a publicly traded national managed care services/technology company
that generated seven consecutive years of revenue and earnings growth during his tenure, and he has advised private equity investors
on healthcare technology and services portfolio investments as well as boards of directors on growth and general corporate strategy
For eight years, Mr. Silverman also served as the President
and CEO of Quality Systems, Inc., a publicly traded developer of medical and dental practice management and patient records
software. During his tenure, the Company's revenue increased from an annualized run rate of approximately $35 million
to an annualized revenue run rate of $250 million and an increase
in the Company's market capitalization from approximately $45 million to approximately $1.2 billion. The Company was named
to the Forbes 200 list of Best Small Companies during each year of his tenure.
"Lou Silverman has a tremendous track record in developing
strategies that generate shareholder value," said Mark Logan, Chairman of the Board of STAAR Surgical. "In addition
to his proven leadership as the CEO of several growth companies in the healthcare industry, Lou has been an active participant
on the Board of Directors of several high growth companies including Questcor Pharmaceuticals, which was recently acquired by Mallinkrodt
plc for $5.8 billion. We believe Lou's executive leadership experience with high growth healthcare companies will provide
valuable perspective to our Board and we look forward to his contributions."
"STAAR Surgical is at an inflection point in the Company's
development as it continues to gain refractive procedure market share," said Mr. Silverman. "I look forward to working
with the Board of Directors and the management to capitalize on the Company's growth opportunities while continuing to build
returns for shareholders."
About STAAR Surgical
STAAR, which has been dedicated solely to ophthalmic surgery
for over 25 years, designs, develops, manufactures and markets implantable lenses for the eye and delivery systems therefor. All
of these lenses are foldable, which permits the surgeon to insert them through a small incision. STAAR's lens used in refractive
surgery as an alternative to LASIK is called an Implantable Collamer Lens or "ICL." A lens used to replace the
natural lens after cataract surgery is called an intraocular lens or "IOL." More than 450,000 Visian ICLs have been
implanted to date; to learn more about the ICL go to: www.visianinfo.com. STAAR has approximately 335 full time employees and
markets lenses in over 60 countries. Headquartered in Monrovia, CA, it manufactures in Aliso Viejo, CA and Monrovia, CA. For more
information, please visit the Company's website at www.staar.com.
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