Press Release

Med One Group Creates Board of Directors to Aid in Governance of Company During Future Expected Growth

Sept 2015

After experiencing steady expansion for the past few years, Med One Group is creating a Board of Directors to guide the further development of the company.

Med One Group, a medical equipment leasing and rental company, has recently established a Board of Directors to guide the future growth of the company. Comprised of prominent local business leaders, this board will help in the governance of the company as it continues to develop and expand.

The company has experienced significant growth in the last few years, and they expect to see further growth, as is seen in their decision to seek the help of the new Board of Directors. In recent months Med One Group has created many new positions within their corporate office as well as within multiple distribution centers throughout the country.

The Board of Directors will convene during the 2015 and 2016 business year. Med One Group is pleased to announce that the board will be comprised of the following members: Med One President and CEO Larry R. Stevens; Med One Executive Vice President and Co-Owner Brent H. Allen; Principal at Robert C. Gross Associates and former banking president and state government executive Robert C. Gross; current President of the Days of 47 Committee and past President and CEO of the Utah Workers Compensation Fund Lane A Summerhays; insurance and commercial lending specialist and Senior Vice President at the Buckner Company Randy C. Emery; Chief Marketing and Communications Officer at Arches Health Plan of Utah Tricia L. Schumann; marketing, brand strategy and PR expert William J. Brady of Eli Kirk Riser; and Ray, Quinney and Nebeker senior partner Michael W. Spence. Med One welcomes these new board members and looks forward to the experience and insight they will bring to their new responsibilities.

Med One Group / www.medonegroup.com / September 2015

Med One Group
Board of Directors
2015 - 2016

Larry R. Stevens

Chairman, President and CEO / Med One Group

Mr. Stevens co-founded Med One Group in 1991, and it has become a national leader in providing equipment to the health care industry. Med One provides leasing, rental and sales of critical patient care equipment to acute care hospitals. The company serves over 2,600 hospitals throughout the United States, Canada and the Caribbean Basin.

Brent H. Allen

Executive Vice President and Co-Owner / Med One Group

Mr. Allen co-founded Med One Group in 1991, and leads the equipment leasing team responsible for building the lease portfolio, which currently stands at over $300 million in asset value. Mr. Allen’s experience in the equipment leasing industry spans more than 40 years and dates back to the mid-1970’s.

Robert C. Gross

Principal / Robert C. Gross Associates LLC

Mr. Gross is a trusted advisor, attorney, organizational executive, corporate governance and leadership consultant, international diplomat, and corporate director. He was formerly President and CEO of First Interstate Bank of Utah, the founding Executive Director of the Utah Department of Workforce Services, and the Utah Governor’s Chief of Staff. He currently chairs the boards of Potash Ridge Corporation and the Utah State University College of Humanities and Social Services.

Lane A. Summerhays

President and CEO (Retired) / Workers Compensation Fund of Utah President / Days of 47 Committee

Mr. Summerhays has enjoyed a long career as a senior executive in private industry as well as public service organizations. Mr. Summerhays served as President and CEO of Workers Compensation Fund of Utah from 1992–2008. During that time he presided over the total overhaul of the agency, transforming it from a department of state government into an independent, financially strong private company. Since his retirement from active leadership of the Fund, he continues to serve as a member of the board of directors. He served as chairman of the Utah State Prison Relocation Committee and currently serves as president of the Days of 47 Committee.

Randy C. Emery

Senior Vice President – Surety Division Manager / The Buckner Company

Mr. Emery has been a senior executive in the commercial insurance industry for over 25 years. Prior to entering the insurance industry, he was head of commercial lending at First Interstate Bank of Utah, and Citi Corp in Utah. His responsibilities included oversight of all major commercial lending, international banking, and cash management services. He currently serves on the boards of WEX Bank and Westech Engineering.

Tricia L. Schumann

Chief Marketing and Communications Officer / Arches Health Plan of Utah

Ms. Schumann has since 2013 been on the ground floor of building a new and exciting health insurance company in the state of Utah, Arches Health Plan. Prior to joining the Arches team, she was employed as a senior executive in several communications and technology companies. Ms. Schumann was recently accepted into the Harvard Business School Executive Education General Management program beginning in the fall of 2015. She is an associate instructor at the David Eccles MBA Marketing Department at the University of Utah. In 2015 she was recognized by Utah Business Magazine as one of “30 women to watch” in the state of Utah.

William J. Brady

President and Partner / Eli Kirk Riser

Mr. Brady is a lifelong leader who has used his passion for building people to create successful organizations in business, service and student government. He is currently partner and president at Eli Kirk Riser, one of Utah’s largest marketing firms, serving international technology brands like Hewlett-Packard, Adobe, Micro Focus, and Landesk, as well as local brand giants including Big-D Construction, dōTERRA and both BYU and the University of Utah. Prior to his current role at Eli Kirk Riser, Bill was a founding partner of M2 Results, a leading brand strategy firm in Salt Lake City. Previously, he oversaw Wall Street PR for a $1.3B publicly traded company and directed international PR for a multinational software company. In addition to his proven track record in leading people, he is an expert in brand development, lead generation and digital marketing, and speaks and writes on these topics.

Michael W. Spence

Attorney / Ray, Quinney and Nebeker Corporate Counsel and Corporate Secretary / Med One Group

Michael W. Spence has been appointed corporate secretary of Med One Group, Inc. He is a Shareholder in the Salt Lake City law firm of Ray Quinney & Nebeker P.C. He serves as the senior member of the firm’s Executive Committee, which oversees and manages all aspects of the firm's business. Mr. Spence has extensive experience in representing businesses in Utah and throughout the United States including banks, equipment leasing companies, new motor vehicle dealerships, real estate developers and others in all aspects of their business, including transactions and litigation. He has served as Med One’s corporate counsel for 25 years.