Hillco, LTD. names Timothy S. Downard as Chief Financial Officer

EFFECTIVE DATE:

Chartwell Partners is pleased to announce that Timothy S. Downard has recently joined Hillco, Ltd. as Chief Financial Officer. Prior to joining Hillco, Ltd., Mr. Downard served as Vice President – Financial Operations for Omnicare, Inc. and most recently Chief Financial Officer for American Health Associates.

Hillco, Ltd. and its affiliates (“Hillco” or the “Company”) engage in primarily three lines of business. Through its pharmaceutical and medical supplies subsidiaries, the Company sells pharmaceutical and medical supplies to affiliates and to unrelated parties. Through its real estate and rental division and subsidiaries, the Company constructs and maintains long-term care facilities for affiliates, owns and leases residential houses and commercial property and develops and sells residential lots. The Company’s long-term care affiliates provide long-term care to patients at 55 facilities (approximately 7,081 beds) that are owned (38) or leased (17) by the Company. These facilities are located in North Carolina (46), Kentucky (8) and Virginia (1).