CorVel Corp. on Friday announced the promotion of Michael Combs to chief executive officer, effective immediately, the provider of health care management services said in a statement.
Mr. Combs, who will continue in his role as president, succeeds Gordon Clemons, the company’s founder, chairman and CEO. Mr. Clemons will continue to serve as chairman, focusing his attention on strategy and product development, according to the statement.
In April 2017, Mr. Combs became president of the Irvine, California-based firm, where he also served as chief information officer from April 2015 to April 2017. Mr. Combs has been with the company for more than 27 years, joining CorVel as a software engineer in October 1991.
IRVINE, Calif.—CorVel Corp., an independent provider of medical cost containment and managed care services, reported a 5% increase in its profit for the first half of its fiscal year, driven largely by its pharmacy benefit management and claims management divisions.