MedTrust Names Long-Term Board Member as Chairman

Charleston-Based Regional Ambulance Provider, MedTrust Holdings, names new CEO; former CEO to remain as Founder & board member

Hanahan, SC (June 1, 2021)- MedTrust Holdings, Inc., a premier provider of ambulance services in South Carolina, Georgia and Florida, today announced the appointment of Lenna Macdonald as the company’s Chief Executive Officer, succeeding Josh Watts who will remain with the executive team serving as an officer and in the Founder role. MedTrust also announced the election of long-term board member (2018), Michael Moody, former Chairman & CEO of Force Protection, Inc. (NASDAQ: FRPT), as its independent Chairman.

Formerly, the Chief Administrative Officer, Charleston-based Ms. Macdonald joined MedTrust in 2014 and was an integral part of the company’s strategic success growing to operations in three states. Prior to MedTrust, over a 25-year career, Ms. Macdonald has served in a variety of roles including as a public company executive, angel investor, board member and advisor. Macdonald holds a JD from Emory University, attended the MSc. Program at the London School of Economics and Political Science and she holds a BA from Brown University (Biology and Political Science).

“As I begin this new role, my vision is to continue to build on the wonderful foundation that is the MedTrust story,” Macdonald said. “The resiliency of our whole team during the COVID-19 pandemic with the myriad of challenges and our providers’ focus every day on providing excellent care and showing compassion to our patients has been inspirational,” she continued. “I am very excited about our future and I look forward to continuing to work with Josh and the board on our strategic opportunities during this next chapter.”

Watts, who remains with MedTrust as Founder, commented “Lenna has partnered with me since 2014 as we formulated and executed on a vision to grow a respected and successful organization.” Watts continued “we have worked together in both exciting and challenging times; during these times Lenna has always remained aligned with our core values and I trust her continued commitment as she leads the next phase of growth.”

With regard to today’s announcement, Chairman Michael Moody, noted, “I am delighted to take on this role at such an exciting time for MedTrust – I believe MedTrust has a great business model and talented management team that uniquely positions it to capitalize on the changing ground ambulance industry environment undergoing consolidation, evolving new innovative delivery models and extending the reach of our services with the rapid adoption of new technologies,” stated Moody.

About MedTrust Holdings, Inc.

Headquartered in Hanahan, SC, MedTrust is a regional leader for ground interfacility ambulance transport (and wheelchair services in select markets) serving hospital systems and other healthcare facilities in three states (SC, GA, FL). Every day our Vision of Improving Patient Outcomes Through Excellence in Mobile Healthcare guides our trained paramedics, EMTs, and other professionals working together to transport more than 65,000 patients each year in critical, emergent and non-emergent situations. More than 25 healthcare facilities and eleven hospital systems entrust their patients to MedTrust for day-to-day medical transport requirements, special event, standby and disaster response activities (hurricanes, flooding, and other emergency events).