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Former athenahealth CFO Carl Byers Joins Netsmart Board of Directors

Netsmart Technologies, Inc., a leading provider of clinical and business software solutions for health and human services organizations, today announced the appointment of Carl Byers to the company’s board of directors.

“Carl brings to our board deep experience in the health IT markets as well as having the experience of taking a company from early stage operations to the public markets,” said Michael Valentine, chief executive officer, Netsmart. “Both of these areas are key to the continued evolution of Netsmart as we grow forward.”

Byers is a venture partner at Fidelity Biosciences, a division of Fidelity Investments that provides venture capital and strategic guidance to private biopharmaceutical, medical technology, and healthcare IT and services companies.

Byers joined Fidelity Biosciences in 2010 after 13 years in strategic leadership at athenahealth, Inc. (NASDAQ: ATHN), where he was on the founding team and served as chief financial officer. Byers led the company's 2007 Initial Public Offering, which the Wall Street Journal named the year's most successful. He also served as the primary executive focused on public market investors for more than two years.

Prior to the founding of athenahealth, Byers was a senior consultant in Booz, Allen & Hamilton's New York office, where he worked in the financial services and health insurance industries.

“Netsmart is a unique combination of an established company with decades of healthcare IT experience, and a forward-thinking company with innovative solutions for coordinated, integrated care,” said Byers. “I’m pleased to join the board and help Netsmart scale to meet the needs of its clients as they provide services to some our country’s most vulnerable populations.”

Byers hold a Bachelor of Arts degree from Wesleyan University (Conn.) and is a graduate of the Harvard Kennedy School Mid-Career Masters in Public Administration program. He teaches entrepreneurial finance at Harvard's Kennedy School, where he is an adjunct lecturer in public policy. He is also a director at Cureatr, Inc., a mobile care coordination company, and an advisor to the Patricelli Center for Social Entrepreneurship at Wesleyan University in Connecticut.

About Netsmart

Netsmart is committed to helping health and human services providers deliver effective, outcomes-based care with Netsmart’s CareFabric™ solution, a tightly woven framework of innovative clinical and business solutions and services that supports integrated, coordinated delivery of health services across the spectrum of care.

More than 23,000 client organizations, including 450,000 care providers and more than 40 state systems, use Netsmart solutions to help improve the quality of life for more than 25 million people each day. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services and child and family health agencies, managed care organizations, and vital records offices.

Netsmart is pleased to support the EveryDay Matters Foundation, which was established for behavioral and public health organizations to learn from each other and share their causes and stories. Organizations can also request grants for their cause or to help fund technology that advances the way care is delivered. For more information, visit www.everydaymatters.com

Learn more about how Netsmart and the CareFabric solution are changing the face of healthcare today. Visit www.ntst.com, call 1-800-472-5509, follow us on Twitter, like us on Facebook or visit us on YouTube.

CareFabric is a trademark of Netsmart Technologies, Inc.

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