Pikeville Medical Development Corporation ( PMDC )

PIKEVILLE, Ky. – Pikeville Medical Center President Walter E. May announced today that the PMC Board of Directors has approved the establishment of a wholly-owned subsidiary – Pikeville Medical Development Corporation.

The new corporation, which is up and running, has been created for the purpose of promoting economic development in eastern Kentucky by primarily focusing on developing healthcare delivery systems and hospital-related projects that will spur the local economy. Pikeville Medical Development Corporation will also work to promote various types of economic development projects that are not related to health care.

Develop collaborative research initiatives between PMC and major medical research entities in Louisville as well as Pikeville College School of Osteopathic Medicine and other similar institutions.
Create an e-Health system at PMC which will serve as a model for other medical entities throughout the Commonwealth.
Obtain public and private funding for the development of the local economy and for the expansion of the programs and facilities at PMC.
Create a high-tech, regional research and development Institute in eastern Kentucky to work with other medical partners in fostering advanced medical-related concepts and other new economy-type startup companies.
Encourage private companies to locate in eastern Kentucky so as to enhance economic stability.
Link the economic engine of PMC with the economic development activities of governmental, non-profit and for-profit entities in eastern Kentucky.

The new corporation is staffed by a chief executive officer, Jerry D. Johnson, and an administrative assistant, Lauren Marcellino. Pikeville Medical Development Corporation maintains offices at PMC in Pikeville as well as in Louisville.

“I’m so excited about the opportunity presented to me by Pikeville Medical Center,” said Johnson. “This is just one example of the long-term commitment of Walter E. May and the Board to the people of eastern Kentucky.”

May elaborated on PMC’s responsibility in helping to increase jobs in the region.

“In eastern Kentucky, we have a lot of social, economic and infrastructure problems,” he remarked. “All these problems can be solved with the creation of jobs. If we can create jobs, the other problems will correct themselves. Pikeville Medical Development Corporation is dedicated to contributing to the growth of our local economy in an important way.”

PMC Chief Executive Officer Joann Anderson expressed her pride in the medical center’s efforts to better the community it serves.

“Pikeville Medical Center has always had significant impact on this region in various respects,” she noted. “Economic development is now another way that the region’s medical leader is striving to benefit our people. I am pleased with the Board’s decision to establish Pikeville Medical Development Corporation and look forward to the positive results our new subsidiary will produce for Eastern Kentuckians.”

Numerous leaders throughout Kentucky have pledged their support of Pikeville Medical Development Corporation.

U.S. Rep. Hal Rogers stated, “I’m excited about working with the hospital and the development corporation in their quest to help improve the overall health and economic wellbeing of the region.”

“Pikeville and eastern Kentucky are an important part of our state,” said University of Louisville President Jim Ramsey, “and the University of Louisville looks forward to working with Pikeville Medical Development Corporation to increase economic opportunity and the quality of life for the people of this region.”

PMC has operated an acute care medical facility in Pikeville for more than 80 years and is the most expansive medical treatment facility in eastern Kentucky. PMC, eastern Kentucky’s largest private employer, is home to more than 1,300 employees and 189 physicians representing a wide variety of medical specialties and sub-specialties. The organization is a major catalyst for the eastern Kentucky economy.

For more information regarding Pikeville Medical Development Corporation, contact Johnson at 606-218-3566 or jerry.johnson@pikevillehospital.org, or visit www.pmdc.us. To contact Johnson by mail, write to Pikeville Medical Development Corporation, 911 Bypass Road, Pikeville, KY 41501.