Publicly traded LodgeNet Interactive, Sioux Falls, S.D., has announced it has reorganized its LodgeNet Health group as an independent, wholly owned subsidiary, doing business as LodgeNet Healthcare, according to a company news release.
LodgeNet reorganizes as healthcare subsidiary
“After conducting a strategic review, we determined that the best way to enhance shareholder value and the success of the Healthcare group was not only to enable it to leverage synergies, but to develop and execute independently focused strategies based on the unique needs of the healthcare market,” LodgeNet Chairman and CEO Scott Petersen said in the release.
Gary Kolbeck, who served as general manager of LodgeNet Healthcare, will continue to lead the new entity as its president, the company said.
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