"One of the nation's important healthcare trends is the shift of patients from hospitals to home where they can advance their rehabilitation and wellness. Meeting our customers' and patients' needs requires granular ability to ensure health products reach those in need to advance their care," said Dale Smith, chairman and CEO, H. D. Smith. "Timothy Booth's success in managing businesses across multiple health product sectors, and commitment to improving the patient experience and supporting patient care, will enhance our industry-leading customer service and further bolster our HHC offerings."
The home care and home health care industry is expected to grow by more than 40% during the next five years. The importance of home care to society is substantial--and rising. A recent study published by AARP, Valuing the Invaluable: 2011 Update, The Growing Contributions and Costs of Family Caregiving, reports that more than 61 million Americans provided care to an adult family member at some point during 2009. H.D. Smith is geared toward helping the American health system and family caregivers support the shift of patients from in-patient to home care settings.
Mr. Booth brings to H. D. Smith nearly 20 years' expertise in the pharmaceutical manufacturing, packaging and distribution industries as a corporate executive and counselor. Most recently, he was an independent consultant providing guidance to companies in pharmaceutical industry strategy, operations, operating metrics, product pricing mechanisms, and technical and regulatory information; prior to that role, he was president and CEO of PrePak Holdings, a pharmaceutical and consumer care contract packaging company based in Cookeville, TN. He also served as president of McKesson's RxPak division, where he increased division revenue from $625 million to $1.2 billion.
"H. D. Smith supports the heart of our nation's health and wellness through its partnerships with community and national pharmacies," said Mr. Booth. "Home healthcare products are an increasingly important part of patient well-being - and H. D. Smith's commitment to customer service ensures those products reach patients in need quickly, efficiently and with full support."
Mr. Booth earned his Bachelor and Master of Business Administration from Cleveland State University.