Full Press Release Details
Medical Announces Additions to Board of Directors
Appointment of Sheri Dodd and Deepti
MINNEAPOLIS - January 5, 2021 (GLOBE NEWSWIRE) -
Tactile Systems Technology, Inc. ("Tactile Medical") (Nasdaq: TCMD), a medical technology company focused on developing
medical devices for the treatment of chronic diseases at home, today announced the appointment of Sheri Dodd and Deepti Jain to
the Company's Board of Directors ("Board"), effective January 1, 2021. Ms. Dodd will also serve as a member of
the Board's Compensation and Organization Committee and Nominating and Corporate Governance Committee, while Ms. Jain will
serve as a member of the Audit Committee and Compliance and Reimbursement Committee. These two additions are timely, as Dr. Cheryl
Pegus is resigning from her position as a member of the Board of Directors in connection with accepting new employment with Walmart.
"We are pleased to announce the addition of Sheri and
Deepti to our Board of Directors, two highly experienced leaders from some of the world's largest global healthcare companies,"
said Peter H. Soderberg, Chairman of the Board of Tactile Medical. "Sheri and Deepti each join our Board with over 20 years
of management experience in the healthcare sector and my fellow directors and I believe that the expertise they bring to Tactile
Medical will help to support, inform and guide our company's migration towards an increasingly disease management and patient
and provider services focused company."
Mr. Soderberg continued: "On behalf of the Board of Directors
and Tactile Medical's management team, I would like to thank Dr. Pegus for her dedicated service to the Company since her
appointment to the Board in 2017. Cheryl played a key role in the board member search process that has bought Sheri and Deepti
to us, as well as provided continuing insightful leadership on clinical and business issues throughout her tenure with us. She
Sheri Dodd currently serves as Vice President and General Manager
of Medtronic plc's Care Management Services, Medtronic's telehealth and remote patient monitoring business. She previously
served Medtronic as Vice President and General Manager, Non-Intensive Diabetes Therapies, which delivered solutions to non-insulin
dependent Type 2 diabetes patients. Since joining Medtronic in 2010 she has served in multiple Vice President positions in the
Cardiac Rhythm and Heart Failure division within Medtronic's Cardiac and Vascular Group. Prior to Medtronic, she held various
positions of increasing responsibility at Johnson & Johnson from 1997 until 2010, culminating in her promotion to Vice President
of Health Economics and Reimbursement at Ethicon. Ms. Dodd also worked for Orthopedic Surgeons, plc as an Outcomes Researcher from
1995 until 1997, and for the World Health Organization as a Project Manager from 1988 until 1993. Ms. Dodd recently served a three-year
term as Board Chair of Minnesota's Medical Alley Association.
Deepti Jain served as President of IngenioRx, a wholly owned
subsidiary of Anthem, Inc., that manages Anthem's $21 billion pharmacy business, through November 2020. She joined Anthem
in 2014 as Vice President and Chief Operating Officer of Anthem Pharmacy Solutions, Anthem's pharmacy benefits offering,
and was subsequently promoted to Senior Vice President and Chief Operating Officer, before assuming the President role in 2019. Prior
to joining Anthem, Ms. Jain worked for Cigna Corporation as Chief Operating Officer of its pharmacy business, Cigna Pharmacy, from
2013 until 2014. Ms. Jain previously held various positions of increasing responsibility at Medco Health Solutions Inc. from 1998
until 2012, culminating in her promotion to Chief Financial Officer and Senior Vice President of Finance for its Health Plan division.
She also worked for Catholic Medical Center as a Systems Manager from 1996 until 1998, and for Montefiore Health System as a Senior
Analyst from 1994 until 1996. She has served on the board of the Pharmaceutical Care Management Association, the country's
most influential organization helping to shape regulations impacting the pharmacy benefit management industry.
About Tactile Medical
Tactile Medical is a leader in developing and marketing at-home
therapy devices that treat chronic swelling conditions such as lymphedema and chronic venous insufficiency. Tactile Medical's
Mission is to help people suffering from chronic diseases live better and care for themselves at home. The Company's unique
offering includes advanced, clinically proven pneumatic compression devices, as well as continuity of care services provided by
a national network of product specialists and trainers, reimbursement experts, patient advocates and clinicians. This combination
of products and services ensures that tens of thousands of patients annually receive the at-home treatment necessary to better
manage their chronic conditions. Tactile Medical takes pride in the fact that our solutions help increase clinical efficacy, reduce
overall healthcare costs and improve the quality of life for patients with chronic conditions.