Cohealo | Cohealo Announces Management Changes to Further Enhance Product and Operations
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Cohealo Announces Management Changes to Further Enhance Product and Operations

Cohealo Announces Management Changes to Further Enhance Product and Operations

Names Co-Founder Brett Reed CEO; Promotes Chris Summersgill to COO and Perry Stoll to CTO

BOSTON, MA – September 11, 2015 – Cohealo Inc., the leader in medical equipment optimization and analytics, today announced new executive appointments to further advance the company’s innovative solution and the benefits it delivers for health system clients.

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Cohealo’s Board of Directors has promoted co-founder Brett Reed to Chief Executive Officer of the company. Reed replaces Mark Slaughter, who left the company to pursue other interests. In addition, two recent arrivals to the Cohealo leadership team have been promoted. Chris Summersgill, who assumed the role of Executive Vice President, Operations two months ago, is now Chief Operating Officer, replacing Reed. Perry Stoll has been promoted from Vice President of Engineering to the newly-created position of Chief Technology Officer.

“Cohealo is the first company to bring the benefits of the sharing economy to health systems in order to help them dramatically increase utilization of idle medical equipment,” said Neil Chheda, General Partner of Romulus Capital and Chairman of the Board of Directors at Cohealo. “Realizing the full potential of that vision requires unparalleled operational expertise and the ability to translate innovation into transformational business results. We are certain that Brett, Chris, and Perry will further the company’s position as both the pioneer and clear leader in medical equipment optimization and analytics.”

Brett Reed co-founded Cohealo four years ago, after more than a decade spent in financial and operational roles focused on bringing new efficiencies to complex supply chain environments. He has been instrumental in conceiving, designing, and deploying Cohealo’s approach to enabling medical equipment sharing across care facilities. “I am honored to lead Cohealo into the next phase of its evolution,” said Reed. “Cohealo will be more focused than ever on perfecting both the technology platform and the operational model to support health system clients in revolutionizing the way they manage medical equipment.”

Chris Summersgill joined Cohealo with over two decades of experience spanning financial analysis, strategy consulting and manufacturing operations. Chris joined Cohealo from BigBelly Solar, where he led the scaling of manufacturing, customer service, and internal operations from near start-up to deployments in 51 countries. Prior to BigBelly, Chris was President of Bolt Industries, growing a roll-up organization in the US machining and sheet metal industry. He began his career as a financial analyst at a Fortune 500 insurance company, worked as a consultant at Monitor Company, and served as a manager at Hewlett Packard. Chris holds a B.A. from Middlebury and an M.B.A. and M.E.M. from the Kellogg School at Northwestern.

Perry Stoll served as VP of Engineering and Operations at Cloudant prior to Cohealo. Before that, he spent 13 years at Akamai in a diverse range of positions. His last role was as Senior Director of Engineering, leading engineering, operations, and data analytics for Akamai’s Online Advertising business unit. Perry also spent two years in Seattle leading the Professional Services efforts with then-top customer Microsoft, signing the largest professional services agreement in Akamai’s history. Prior to Akamai, Perry was a principal software architect at Xerox/ScanSoft working on its commercial OCR product. Early in his career, he spent two years in Japan working at an NTT-funded research lab on computer vision. He received bachelor’s and master’s degrees in Electrical Engineering from Brown.

Cohealo utilizes a cloud-based technology platform to bring the benefits of the sharing economy most commonly associated with consumer applications like Uber, Airbnb and Zipcar to optimize the utilization of medical equipment across health system facilities. Many U.S. health systems spend tens of millions of dollars annually on medical equipment that subsequently sits idle nearly 60% of the time. Cohealo provides the tools to significantly increase the economic and clinical value of these assets.

About Cohealo

Based in Boston, Cohealo Inc. enables health systems to centrally manage and share medical equipment across all their facilities. It provides a technology platform, complementary logistics, and analytics to support on-demand access to equipment for clinical teams – improving access to care while also optimizing spend and cash flow. Cohealo is named to Fast Company’s Most Innovative Companies List and CNBC’s Disruptor 50. It counts some of the largest hospital groups in the United States as customers. To learn more about Cohealo, visit www.cohealo.com.

Michael Slocombe
mike@cohealo.com
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