Thanks to new bonuses and incentives, executives at Franklin, Tenn.-based Capella Healthcare received much higher compensation in fiscal year 2012, with CEO Dan Slipkovich earning the most with $937,895, according to a proxy disclosure filed with the U.S. Securities and Exchange Commission.
Mr. Slipkovich's compensation included a base salary of $633,333, an increase of more than $100,000 from 2011. He also received $300,000 in bonuses and incentives, which were based on EBITDA goals and an evaluation. Overall, his compensation was almost 75 percent higher year-over-year.
Capella CFO Denise Warren's compensation increased 30 percent to $645,174. Her base salary rose to $441,692, while non-equity incentives reached $200,000.
Capella, a for-profit hospital that owns 13 acute-care hospitals and is primarily backed by Chicago-based private equity firm GTCR, lost $14.1 million in FY 2012, the second straight year it lost at least $14 million. However, total revenue increased more than 9.3 percent to $747.8 million.
Mr. Slipkovich's compensation included a base salary of $633,333, an increase of more than $100,000 from 2011. He also received $300,000 in bonuses and incentives, which were based on EBITDA goals and an evaluation. Overall, his compensation was almost 75 percent higher year-over-year.
Capella CFO Denise Warren's compensation increased 30 percent to $645,174. Her base salary rose to $441,692, while non-equity incentives reached $200,000.
Capella, a for-profit hospital that owns 13 acute-care hospitals and is primarily backed by Chicago-based private equity firm GTCR, lost $14.1 million in FY 2012, the second straight year it lost at least $14 million. However, total revenue increased more than 9.3 percent to $747.8 million.
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