Community Health Systems, Inc. Announces Executive Promotions
FRANKLIN, Tenn. -- January 8, 2014
Community Health Systems, Inc. (the “Company”) (NYSE:CYH) today announced a
restructuring of its operating divisions and executive level promotions. The
changes precede the Company’s pending acquisition of Health Management
Associates, Inc., which includes 71 hospitals and approximately 575 clinic
locations. That transaction is expected to close by the end of January 2014,
subject to customary closing conditions and receipt of regulatory approvals.
Following successful completion of the transaction, the Community Health
Systems organization will expand from five to six geographically aligned
operating divisions. The new divisional structure and executive promotions are
intended to position the larger organization for long-term success during a
period of transformation for the Company and the healthcare industry.
Community Health Systems Professional Services Corporation employs each of
these executives and provides management and consulting services to the
W. Larry Cash has been named President of Financial Services and Chief
Previously, Mr. Cash served as Executive Vice President and Chief Financial
Officer. Mr. Cash also serves as a member of the Company’s Board of Directors.
Mr. Cash oversees all aspects of the Company’s financial operations, including
accounting, financial services, revenue management and treasury. He also
provides executive oversight for the Information Systems, Internal Audit,
Investor Relations, Managed Care and Risk Management departments.
David Miller has been named President and Chief Operating Officer.
In this new position for the organization, Mr. Miller will have executive
management responsibility for the organization’s six operating divisions, as
well as responsibility for strategic growth initiatives. Mr. Miller will lead
efforts to effectively integrate hospitals acquired as part of the Company’s
acquisition of Health Management Associates, Inc. Mr. Miller previously served
as President of Division I Operations.
Lynn Simon, M.D. has been named President, Clinical Services and Chief Quality
Dr. Simon will expand her leadership responsibilities to include all aspects
of clinical operations, including clinical services, nursing, quality and
safety and case management. She will also oversee medical staff relations,
physician practice management, clinical integration initiatives and medical
informatics. Dr. Simon is a board-certified neurologist and previously served
as Senior Vice President and Chief Quality Officer.
Marty Schweinhart has been named Executive Vice President of Administration.
Mr. Schweinhart will expand his leadership responsibilities to include
standardization and centralization of business support strategies. He also
oversees critical operational support areas including, materials and capital
management, facilities management, health informatics and information
management, and project management and implementation of major operational
initiatives. Mr. Schweinhart previously served as Senior Vice President of
Marty Bonick has been promoted to President, Division I Operations.
Mr. Bonick will oversee hospital operations in Alabama, Mississippi, North
Carolina and Virginia. Most recently, he served as Vice President of
Operations for Division I.
Tim Hingtgen has been named President, Division IV Operations.
Mr. Hingtgen will oversee hospitals in Alaska, Arizona, California, New
Mexico, Nevada, Oklahoma, Oregon, Utah, Washington and Wyoming. Most recently,
he served as a Vice President of Operations for Division IV.
Division Presidents continuing in their roles include:
Michael Portacci, President, Division II Operations
Mr. Portacci will oversee hospitals in Arkansas, Louisiana, Missouri and
Marty Smith, President, Division III Operations
Mr. Smith will oversee hospitals in Illinois, Kentucky, Tennessee and West
Tom Miller, President, Division V Operations
Mr. Miller will oversee hospitals in Indiana, New Jersey, Ohio and
Bill Hussey, President, Division VI Operations
Mr. Hussey will oversee hospitals in Florida, Georgia and South Carolina.
The following executives have been promoted from Vice President to Senior Vice
Andi Bosshart, Senior Vice President, Corporate Compliance and Privacy Officer
Jim Doucette, Senior Vice President, Treasurer
Ben Fordham, Senior Vice President and Chief Litigation Counsel
Tomi Galin, Senior Vice President, Corporate Communications, Marketing and
Kevin Hammons, Senior Vice President and Chief Accounting Officer
Tim Marlette, Senior Vice President and Chief Purchasing Officer
Ron Shafer, Senior Vice President, Human Resources
Commenting on the leadership changes, Wayne Smith, Chairman and Chief
Executive Officer, said, “The talented and experienced leadership team at
Community Health Systems is well prepared and excited about the opportunities
ahead as we move toward the completion of our acquisition of Health Management
Associates and respond to the changing dynamics in our industry. I appreciate
the commitment, hard work and contributions of all of our executive leaders
and support teams. It is an honor to work with these exceptional people who
are dedicated to our purpose of providing high quality healthcare in
communities across the nation and to the long-term success of our
About Community Health Systems, Inc.
Located in the Nashville, Tennessee, suburb of Franklin, Community Health
Systems, Inc. is one of the largest publicly-traded hospital companies in the
United States and a leading operator of general acute care hospitals in
non-urban and mid-size markets throughout the country. Through its
subsidiaries, the Company currently owns, leases or operates 135 hospitals in
29 states with an aggregate of approximately 20,000 licensed beds. Its
hospitals offer a broad range of inpatient and surgical services, outpatient
treatment and skilled nursing care. In addition, through its subsidiary,
Quorum Health Resources, LLC, the Company provides management and consulting
services to non-affiliated general acute care hospitals located throughout the
United States. Shares in Community Health Systems, Inc. are traded on the New
York Stock Exchange under the symbol “CYH.”
Certain statements contained in this communication may constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements include, but are not limited
to, statements regarding the expected timing of the completion of the merger,
the benefits of the merger, including future financial and operating results,
the combined company’s plans, objectives expectations and other statements
that are not historical facts. Such statements are based on the views and
assumptions of the management of the Company and are subject to significant
risks and uncertainties. Actual future events or results may differ materially
from these statements. Such differences may result from the following factors:
the ability to close the transaction on the proposed terms and within the
anticipated time period, or at all, which is dependent on the parties’ ability
to satisfy certain closing conditions, including the receipt of governmental
approvals. Additional risks and factors that may affect results are set forth
in the Company’s filings with theSecurities and Exchange Commission,
including each company’s Annual Report on Form 10-K and Form 10-K/A for the
fiscal year ending December31, 2012.
The forward-looking statements speak only as of the date of this
communication. The Company undertakes no obligation to update these
Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
President, Financial Services
and Chief Financial Officer
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs
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