Patient Home Monitoring Corp. announced executive changes. The company will transition David Hayes, current VP of Sales and former CEO of Resource Medical Group, to Chief Executive Officer on March 1, 2015.

PHM acquired RMG in January of 2014 and David Hayes has led PHM's initiatives to increase sales among new and existing business lines since that time. Andrew Folmer will assume the title of Chief Financial Officer effective immediately. Mr. Hayes, Mr. Folmer and their team have worked closely for more than a year integrating several of PHM's acquisitions, resulting in double digit organic annual revenue growth.

After the transition, Michael Dalsin, current Chairman and CEO, will remain on as Chairman of the Board of Directors and will continue to have an active role in leading the company and communicating with capital markets. Roger Greene, Executive Director, has been promoted to Vice Chairman and will continue to have an active role in mergers and acquisitions as well as market strategy. PHM has also appointed David Costine to the Board of Directors effective immediately.

Mr. Costine worked in the investment management division of Rothschild in the U.S before becoming the Managing Partner of Corporate Venture Partners, LP. Dr. Chris Overall has resigned from the Board.