Definitive Healthcare Corp. (“Definitive Healthcare”) (Nasdaq: DH),
an industry leader in healthcare commercial intelligence, today
announced that its Board of Directors has appointed Kevin Coop as
the Company’s next Chief Executive Officer and as a member of the
Board of Directors, each effective June 24, 2024. Mr. Coop succeeds
Jason Krantz, founder and Executive Chairman, who has been serving
as Interim CEO since January 2024. Mr. Krantz will continue to
serve on the Board of Directors as Executive Chairman after the CEO
transition.
“Kevin is an outstanding leader. He has deep, hands-on
experience with data-focused businesses and has a track record for
driving growth, efficiency, and profitability that make him an
excellent fit to lead the company into our next phase of growth,”
said Mr. Krantz. “I am personally excited to work closely with
Kevin as we continue our mission to deliver world-class healthcare
data, analytics, and expertise to our customers.”
Mr. Coop joins Definitive Healthcare from DailyPay, Inc., a
leading financial services work technology company, where he served
as CEO and a member of the board of directors. Mr. Coop’s 30+ year
career spans numerous executive leadership roles focused on the
growth of data and analytics assets. Prior to DailyPay, Mr. Coop
served as President of North America at Dun & Bradstreet, where
he was responsible for the profitability and growth across all
product lines and businesses in North America. Prior to Dun &
Bradstreet, he was President of Data Analytics at Black Knight, a
technology, services, data, and analytics company for the mortgage
and real estate industries. Mr. Coop also served as Group President
of the financial services businesses of Verisk Analytics.
“I’m honored to take on the role of CEO at this important time
in the company’s growth,” said Mr. Coop. “The market for healthcare
commercial intelligence is estimated to be 10 billion dollars and
growing, and I believe Definitive Healthcare’s proprietary data and
powerful platform puts the company in a unique position to
capitalize on this opportunity. I look forward to working closely
with our customers and the outstanding people at Definitive
Healthcare to accelerate innovation, drive operational excellence
and unleash the full potential of the company.”
About Definitive Healthcare
At Definitive Healthcare, our passion is to transform data,
analytics and expertise into healthcare commercial intelligence. We
help clients uncover the right markets, opportunities and people,
so they can shape tomorrow’s healthcare industry. Our SaaS platform
creates new paths to commercial success in the healthcare market,
so companies can identify where to go next. Learn more at
definitivehc.com.
Forward-Looking Statements
This press release includes forward-looking statements that
reflect our current views with respect to future events and
financial performance. Such statements are provided under the “safe
harbor” protection of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include all statements that do
not relate solely to historical or current facts, and can generally
be identified by words or phrases written in the future tense
and/or preceded by words such as “likely,” “will,” “should,” “may,”
“anticipates,” “intends,” “plans,” “seeks,” “believes,”
“estimates,” “expects” or similar words or variations thereof, or
the negative thereof, references to future periods, or by the
inclusion of forecasts or projections, but these terms are not the
exclusive means of identifying such statements. Examples of
forward-looking statements include, but are not limited to,
statements we make regarding our outlook, the executive transition,
our market opportunity, our competitive position, our business,
growth strategies, and statements reflecting our expectations about
our ability to execute on our strategic plans, achieve future
growth and achieve our financial goals.
Forward-looking statements in this press release are based on
our current expectations and assumptions regarding our business,
the economy and other future conditions. Because forward-looking
statements relate to the future, by their nature, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict. As a result, our actual results may
differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include the following: our inability to realize expected business
or financial benefits from acquisitions and the risk that our
acquisitions or investments could prove difficult to integrate,
disrupt our business, dilute stockholder value and adversely affect
our business, financial condition and results of operations; our
inability to achieve the anticipated cost savings, operating
efficiencies or other benefits of our internal restructuring
activities; global geopolitical tension and difficult macroeconomic
conditions; actual or potential changes in international, national,
regional and local economic, business and financial conditions,
including recessions, inflation, high interest rates, volatility in
the capital markets and related market uncertainty; the impact of
challenging macroeconomic conditions on our new and existing
customers; our inability to acquire new customers and generate
additional revenue from existing customers; our inability to
generate sales of subscriptions to our platform or any decline in
demand for our platform and the data we offer; the competitiveness
of the market in which we operate and our ability to compete
effectively; the failure to maintain and improve our platform, or
develop new modules or insights for healthcare commercial
intelligence; the inability to obtain and maintain accurate,
comprehensive or reliable data, which could result in reduced
demand for our platform; the risk that our recent growth rates may
not be indicative of our future growth; the inability to achieve or
sustain GAAP or non-GAAP profitability in the future as we increase
investments in our business; the loss of our access to our data
providers; the failure to respond to advances in healthcare
commercial intelligence; an inability to attract new customers and
expand subscriptions of current customers; our ability to
successfully transition executive leadership; the risk of
cyber-attacks and security vulnerabilities; litigation,
investigations or other legal, governmental or regulatory actions;
the possibility that our security measures are breached or
unauthorized access to data is otherwise obtained; the risk that
additional material weaknesses or significant deficiencies that
will occur in the future; and the risks of being required to
collect sales or other related taxes for subscriptions to our
platform in jurisdictions where we have not historically done so.
Additional factors or events that could cause our actual
performance to differ from these forward-looking statements may
emerge from time to time, and it is not possible for us to predict
all of them. Should one or more of these risks or uncertainties
materialize, or should any of our assumptions prove incorrect, our
actual financial condition, results of operations, future
performance and business may vary in material respects from the
performance projected in these forward-looking statements.
For additional discussion of factors that could impact our
operational and financial results, refer to our Annual Report on
Form 10-K for the year ended December 31, 2023, as well as our
Current Reports on Form 8-K and other subsequent SEC filings, which
are or will be available on the Investor Relations page of our
website at ir.definitivehc.com and on the SEC website at
www.sec.gov.
All information in this press release speaks only as of the date
on which it is made. We undertake no obligation to publicly update
this information, whether as a result of new information, future
developments or otherwise, except as may be required by law.
Investor Contact: Brian Denyeau ICR
for Definitive
Healthcare brian.denyeau@icrinc.com646-277-1251
Media Contact: Bethany
Swackhamerbswackhamer@definitivehc.com
Definitive Healthcare (NASDAQ:DH)
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