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Press Releases: Northwest

September 26, 2006

Kaiser Permanente Hires New Chief Financial Officer

PORTLAND, Ore. – Kaiser Permanente Northwest has hired Dennis Reese to be its new chief financial officer. Reese has relocated to Portland from Grand Rapids, Michigan, where he was chief financial officer for Priority Health.

“Dennis brings to Kaiser Permanente the ideal mix of experience,” said Tricia Peters, interim regional president of Kaiser Permanente Northwest. “He has experience in managed care, hospital administration, and multi-specialty group practice. He will be an asset to our management team as we work to ensure that our organization, like our members, thrives in the years to come.”

Reese grew up in the steel town of Beaver Falls, Penn., 35 miles northwest of Pittsburgh. He graduated from Pennsylvania State University before beginning a career that has evolved along with the changing trends in health care. He began in public accounting with Arthur Young before joining Albany Medical Center Hospital in Albany, N.Y., as an accounting manager. He then served as vice president of finance at the Medical Center of Beaver County in Beaver, Penn. In 1986, when health maintenance organizations were gaining popularity, Reese moved to Minnesota and held a variety of leadership positions with United Healthcare Corp.

In 1990, he became chief financial officer of Health America of Pennsylvania, a subsidiary of Coventry Corp., a national managed care company with more than 625,000 members. Six years later, when physician leadership was the new trend in health care, he served as chief executive officer of Cedarwood Medical Center, a multispecialty group practice in southwest Michigan. In 2000, he became chief financial officer of Priority Health, which offers managed care plans to about 450,000 members through a network of 34 acute-care hospitals and more than 3,600 doctors.

“I’m just getting started here, but already I’m enjoying the opportunity to draw upon my past experiences to help create future success and long-term stability for Kaiser Permanente,” Reese said. “I’ve enjoyed getting to know the physician and dentist leaders, health plan administrators and labor leaders.”

Reese enjoys outdoor activities such as hiking, snow shoeing, cross-country skiing, fishing, kayaking, sailing and canoeing. He and his wife, Barbara, have two sons, Michael, 25, and Daniel, 23.

Kaiser Permanente is America’s leading integrated health care organization. Founded in 1945, the organization serves the health needs of more than 8.4 million people nationwide. More than 485,000 people in Oregon and Southwest Washington receive their health care from Kaiser Permanente.