Industry & Services >> CEO Interviews >> February 15, 2005

P.atherton / J.durham – Crdentia Corporation (crde)

PAMELA G. ATHERTON is President of Credentia Corp. Ms. Atherton has over 25 years' experience in the healthcare industry. Her career includes time as a corporate executive with a large national HMO as well as 10 years as Chairman and CEO of two healthcare services organizations. Ms. Atherton began her career at Humana, Inc., where she served as the Corporate Director of Nursing/Allied Heath Recruitment and Retention. In that role, she led the nursing and allied health recruitment for over 70 hospitals nationwide. In 1992, Ms. Atherton spun off those same corporate entities into Resource Factor, a privately held female business enterprise, specializing in per diem, travel nurse and allied healthcare staffing. After securing venture capital, the company expanded into two additional branch offices. Ms. Atherton sold those businesses in 1997 in order to concentrate on a new company specializing in physician credentialing, office site visits and HEDIS reviews. Aperture Credentialing, Inc., began in 1996 as a venture capital backed company concentrating on the data management of physician information for provider credentialing. The company also provided nurses to perform physician office site visits and HEDIS data collection. Ms. Atherton retired from Aperture in 2000. As its Founder, she remained as Vice Chairman of the Board until the company's sale in 2003. Most recently, Ms. Atherton has led Conexia, the Commercial Division of Appriss, Inc., a pioneering voice application service provider. Ms. Atherton graduated magna cum laude from Kentucky Southern College and holds a Master's degree from the University of Louisville. Ms. Atherton is a Woodrow Wilson Fellow and has been honored as a female business owner as well as an innovative entrepreneur and community leader. Profile
JAMES J. TerBeest is Chief Financial Officer of Crdentia Corp. Mr. TerBeest has 34 years of financial and accounting experience, including 23 years in public accounting with Ernst & Young and 11 years as Chief Financial Officer for companies in the healthcare and home improvement industries. Four of the last 11 years, he has been a partner in a small CPA firm that he co-founded in 2000, and has functioned as a contract CFO for a number of clients. His background with Ernst & Young was in the audit department. The last nine years of his tenure with Ernst & Young was as a partner supervising large national and international clients. As auditor and more recently as CFO for various companies, he has participated in major financings, due diligence in connection with acquisitions, initial public offerings, and work related to divestitures. Mr. TerBeest graduated magna cum laude from the University of Wisconsin-Whitewater with a BS degree in Accounting. He has been a Certified Public Accountant since 1973. He is a member of the American Institute of Certified Public Accountants and several state societies. Profile
JAMES D. DURHAM is Chairman and Chief Executive Officer of Crdentia Corp. Mr. Durham has over 30 years' experience in the creation and management of healthcare and information technology companies. He founded Crdentia Corp. in 2002 and is responsible for the company's strategic direction as well as mergers and acquisitions. In 1993, Mr. Durham founded QuadraMed Corporation, a company that offers a suite of software products and services focused on the financial and clinical needs of hospitals. In 1996, he took QuadraMed public and followed with a secondary offering in 1997 and a $100 million convertible bond offering in 1998. Mr. Durham founded ChartOne Corporation to offer secure Web-based storage and retrieval capabilities for medical records. The company will realize revenues in excess of $80 million this year and has over 1,000 hospital customers. Mr. Durham led the restructuring and turn-around of Knowledge Data Systems, a bankrupt public company. As CEO he returned the company to profitability with revenues exceeding $50 million and sold it to Ameritech. Mr. Durham founded Medicus Microsystems Corporation, the first company to use personal computers in the healthcare industry. Medicus Microsystems later went public as Medicus Systems Corporation. Mr. Durham graduated from the University of Florida with high honors and a Bachelors degree in Industrial Engineering and holds a Master's degree in Business Administration from the University of California, Los Angeles. He is a CPA licensed in Illinois. Profile
TWST: Could we begin with a brief historical sketch of Crdentia

Corporation and a picture of things as they are now?

Mr. Durham (Chairman & CEO): The Company was founded in 2002 with