Selah Management Group, LLC

William T. Filippone

William T. Filippone is a native of Point Marion, Pennsylvania, located at the confluence of the Monongahela and Cheat rivers. A graduate of West Virginia University, with a concentration in Business and Finance, he has served at the Board level at both profit and non-profit companies and organizations, and has an extensive background working at both public and privately held companies. With more than 30 years of experience in the senior living healthcare industry, William T. Filippone brings extensive knowledge and management ability to Selah Management Group, LLC.

Filippone has served the healthcare and senior living industries in various executive capacities since mid 1974, when he began working with Progressive Medical Group, Inc. PMG was later acquired by Beverly Enterprises in April 1980. Over the fifteen-year period from 1974 through 1989 he advanced with progressively more responsible positions where he focused on business growth and development of the business lines. He left Beverly Enterprises after 10 successful years as Executive Vice President of the Southern Division based in Atlanta, Georgia.

During July of 1989, Filippone joined Southmark Corporation as President and CEO of National Heritage, Inc. National Heritage held and managed operating assets consisting of 211 skilled nursing homes, office condominium projects, branded hotel complexes and diverse real estate holdings. His primary objective was to stabilize operating businesses and restructure the business lines over the course of the planned reorganization of the parent company. This assignment resulted in successful liquidations over time of valuable assets where new companies were formed and shareholder values were realized.

Beginning in January 1993, Filippone was appointed Senior Vice President of Integrated Health Services where he was charged with new business development. This charge led to a new business model created and funded in January 1994. Community Care of America was formed to provide rural healthcare services in 28 locations throughout the Midwestern United States. The company focused on extended care services to the elderly as well as medical services and physician practice management to the underserved communities. The company successfully completed the planned IPO in August 1995. Filippone served as Executive Vice President and COO. He was a co-founder and equity investor in the company and was instrumental in the financing and initial public offering process.

At the start of 1996, Filippone was appointed President and Chief Executive Officer of Horizon Healthcare Management Company, a multi-product company with annual revenues in excess of $1.0 billion. The company specialized in business turnaround, management organization and refinancing strategies. Asset valuation and shareholder value was the primary focus of this $1.0 B year company.

1998 brought Filippone to Healthcare Holdings, LLC, where he was appointed President and Chief Operating. This management company contracted exclusively with Heritage Healthcare of America, who purchased assets from Hospital Corporation of America. HCH, LLC, contracted exclusively with the owner to provide management, development, financing and construction services for the repositioning of the portfolio. The company operated in 11 states serving the healthcare needs of over 2,600 senior residents as well as forming valuable healthcare alliances with professional organizations and providers in each community served by the company.

Mr. Filippone joined a seasoned group of healthcare associates in January 2000 and successfully formed separate partnerships designed to conduct business within the senior living industry. The partnerships specialized in the development, financing and management of senior living and retirement properties in 14 states. National Assisted Living Management Corporation was headquartered in Naples, Florida. There, Filippone served as Vice President and Chief Operating Officer of the management group and various partnerships. He was involved as an equity investor and shared business risks, as well as, development of other business ventures with the partnerships.

In October 2005, William T. Filippone began serving as President and Chief Executive Officer of Senior Living Properties, LLC in Dallas, Texas. He maintained that position until May 2007.

Since 1989, Filippone has taken deliberate approaches to being engaged in executive assignments that needed a catalyst for immediate actions that would lead to increased values for investors and shareholders. He has served on the Board of Directors at Centennial Healthcare Corporation, The Virginia Health Care Association and The American Diabetes Association, dedicating much of his time to non-profit community organizations over the years. He currently serves on the Board of Directors of Senior Solutions Now.

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