PolyMedica Announces Senior Management Promotions

  
    
  
  
    
      PolyMedica Corporation (NASDAQ: PLMD) today announced several senior 
      management promotions.
    
    
      Stephen C. Farrell, age 41, has been promoted from Chief Operating 
      Officer of PolyMedica Corporation to President. Steve has previously 
      held the positions of Chief Financial Officer of PolyMedica and 
      President of Liberty Healthcare Group. Prior to joining PolyMedica in 
      1999 as Treasurer, Steve was a Senior Manager of the High Technology 
      Team of PricewaterhouseCoopers, where he worked for five years. Steve 
      has served on the Bay State Board of Juvenile Diabetes Research 
      Foundation since 2003. He is a graduate of Harvard College, holds an 
      M.B.A. from the University of Virginia and is a Certified Public 
      Accountant.
    
    
      Keith W. Jones, age 40, has been promoted from Chief Financial Officer 
      to Chief Operating Officer. Before joining PolyMedica in February 2005, 
      Keith was a co-founder and served as Chief Financial Officer and Vice 
      President of Physicians Dialysis, Inc., until its sale to DaVita Inc. in 
      2004. Positions held prior to Physicians Dialysis include serving as 
      Chief Financial Officer for Craftopia.com, Inc. as well as Chief 
      Accounting Officer/Corporate Controller for Renal Treatment Centers, 
      Inc. He began his career as a Senior Accountant at Coopers & Lybrand. He 
      is a Certified Public Accountant and holds a B.A. degree from Franklin 
      and Marshall College.
    
    
      Jonathan A. Starr, age 36, has been promoted to Chief Financial Officer 
      of PolyMedica Corporation from Senior Vice President and Chief Financial 
      Officer of PolyMedica’s Liberty Healthcare 
      Group subsidiary. Jonathan has been with PolyMedica since 1993 in 
      various financial roles, including Director of Finance of PolyMedica and 
      Vice President of Finance for Liberty Home Pharmacy, a former PolyMedica 
      subsidiary. Mr. Starr holds a B.A. degree from Clark University and an 
      M.B.A. from The Bentley Graduate School of Business.
    
    
      Commenting on the promotions, Chief Executive Officer Patrick Ryan said, “We 
      are extremely fortunate to have within our company such a talented group 
      of individuals who have proven themselves capable of increased 
      responsibility. We are pleased that we can reward their hard work and 
      dedication through promotion. Steve has been an invaluable part of 
      PolyMedica’s success to date, and, in his new 
      role, he will continue to focus on growing the Company and helping to 
      fulfill the potential of PolyMedica. Keith’s 
      financial background and his hands-on knowledge of the financial and 
      operating workings of the Company will be extremely helpful as he 
      focuses on operations. Jonathan has held numerous financial positions 
      within PolyMedica for more than 13 years and has been integral in the 
      Company’s growth and financial discipline. 
      Together, this team will lead an internal initiative to enhance the 
      operating efficiency and growth of PolyMedica by creating tighter 
      integration between our business units, expanding our clinical and 
      diabetes service portfolio and focusing the entire organization on 
      providing the best possible care for our patients.”
    
    
      About PolyMedica
    
    
      For more than a decade, PolyMedica Corporation has been the nation’s 
      largest provider of blood glucose testing supplies and related services 
      to people with diabetes and today serves more than 925,000 active 
      patients. The Company is expanding its portfolio of products and 
      services, from patient education to prescription drugs, to help people 
      better manage their conditions and maintain their health. Through 
      proactive patient outreach, convenient home delivery and administrative 
      support, PolyMedica makes it simple for patients to obtain the supplies 
      and medications they need, while encouraging compliance with physicians’ 
      orders. More information about PolyMedica can be found on the Company’s 
      website at www.polymedica.com.
    
    
      This press release contains forward-looking statements as that term 
      is defined in the Private Securities Litigation Reform Act of 1995. Such 
      forward-looking statements are subject to risks and uncertainties, which 
      could cause actual results to differ materially from those anticipated. 
      Such risks and uncertainties include, but are not limited to, rules 
      and regulations promulgated under the Act, unanticipated changes in 
      Medicare reimbursement, successful participation in new reimbursement 
      programs, outcomes of government reviews, inquiries, investigations and 
      related litigation, continued compliance with government regulations, 
      fluctuations in customer demand, management of rapid growth, competition 
      from other healthcare product vendors, timing and acceptance of new 
      product introductions, general economic conditions, geopolitical events 
      and regulatory changes, as well as other especially relevant risks 
      detailed in the Company’s filings with the 
      Securities and Exchange Commission, including its Annual Report on Form 
      10-K for the period ended March 31, 2006, and Quarterly Reports on Form 
      10-Q for the periods ended June 30, 2006, September 30, 2006 and 
      December 31, 2006. The information set forth herein should be 
      read in light of such risks. The Company assumes no obligation to 
      update the information contained in this press release.