On June 18, 2014, Healthcare Corporation of America entered into a Separation Agreement with Mr. Mark Carlesimo, its General Counsel and Secretary. Pursuant to the Separation Agreement, Mr. Carlesimo ceased serving as an officer of the Company effective June 17, 2014. The Separation Agreement was subject to a seven day revocation period, which expired June 25, 2014.

On June 25, 2014, the Board of Directors of the Company appointed Ms. Ann Saskowitz as Secretary of the Company. Ms. Saskowitz has served as Vice President of Service Operations and a member of the Board of Directors since 2010. On June 25, 2014 the Board of Directors promoted Mr. Scott Weeber and appointed him the Company's Principal Accounting and Financial Officer.

Mr. Weeber has served as HCCA's Vice President of Finance and Accounting and Treasurer since April 10, 2013 and has been HCCA's Vice President of Finance and Accounting since January 2013. Also on June 25, 2014, the Board of Directors accepted the resignation of Yoav M. Cohen from his position as Interim Chief Financial Officer of the Company. Mr. Cohen will continue to work with the company as a financial advisor and will report directly to the Chie Executive Officer.

Mr. Cohen is an experienced strategic and turn-around advisor.