Here are the CEOS of 16 leading acute-care, for-profit hospital companies operating in the United States.
Richard M. Bracken. Mr. Bracken is the chairman and CEO of Hospital Corporation of America, which operates a chain of 163 hospitals located across the country. He started his career with HCA in 1981 and has filled several executive roles at the company, including CEO of the Green Hospital of Scripps Clinic in San Diego and Centennial Medical Center in Nashville, Tenn. He has also served on various professional and community boards, such as the California Hospital Association and the Federation of American Hospitals.
Michael Browder. Mr. Browder is the president and CEO of Nashville, Tenn.-based Essent Healthcare, which owns and operates hospitals in Massachusetts, Texas, Pennsylvania and Connecticut. He has worked with the company since 2001, shortly after Essent acquired its first hospital. Prior to becoming the CEO for Essent, he served as executive vice president and CFO. Before joining Essent, Mr. Browder was senior vice president and CFO for TMC HealthCare based in Tucson, Ariz.
William F. Carpenter, III. After serving as the executive vice president of Brentwood, Tenn.-based LifePoint Hospitals for two years, Mr. Carpenter was appointed as the CEO and president in June 2006. Prior to these executive roles, Mr. Carpenter worked for the company in various capacities, including as general counsel and secretary, corporate governance office and senior vice president. Currently, he serves as chair of the Federation of American Hospitals' board of directors.
Trevor Fetter. Mr. Fetter became the president and CEO of Tenet Healthcare in Sept. 2003. He first joined the company in 1995 and has since filled various executive positions, such as executive vice president, CFO and a member of the office of the president. During this time, he supervised Tenet's corporate finance, law, information systems, human resources, communications and administration. He was also involved in strategic initiatives, acquisitions and new ventures.
Charles Martin, Jr. Mr. Martin has been Vanguard Health System's chairman and CEO since the Nashville, Tenn.-based company's establishment in 1997. Mr. Martin started Vanguard Health Systems with colleagues from his former employer OrNda. The aim of the company was to turn non-profit healthcare systems into investor-owned ventures. He is now responsible for the operation of more than a dozen for-profit acute-care hospitals and outpatient facilities throughout Arizona, Illinois, Massachusetts and Texas. In November, Michigan Attorney General Mike Cox has approved the sale of eight-hospital Detroit Medical Center to Vanguard Health Systems in a deal valued at $1.5 billion.
Thomas A. Michaud. CEO and Board Chairman Mr. Michaud founded Foundation Surgery Affiliates in Jan. 1996 and in 2008 formed Foundation Surgical Hospital Affiliates, which operates surgical hospitals in Houston and San Antonio, Texas. One surgical hospital in Sherman, Texas, is currently in development. Before founding FSA, he held the positions of COO and CFO of a regional surgery center management company. Mr. Michaud also previously served as a staff accountant at Ernst & Young.
Marc D. Miller. Mr. Miller joined Universal Health Services in 1995 and was appointed president of the company in 2009. Prior to this, he served as co-head of UHS' acute-care division since 2007, where he helped lead 26 acute-care hospitals and generated $4.0 billion revenues in his division. Mr. Miller now fills the role of president, taking over for his father Alan Miller.
Dan Moen. Established in Jan. 2008 by Mr. Moen and his associate, Legacy Hospital Partners owns, operates and manages acute-care hospitals in small cities and in select urban markets throughout the United States. Legacy is currently led by Mr. Moen, who serves as CEO. Mr. Moen previously served as executive vice president for development at Triad Hospitals and began his healthcare career with Humana in 1977, working there in positions of increasing responsibility for 14 years.
Gary D. Newsome. Mr. Newsome was named the president and CEO of Health Management Associates in Sept. 2008. That same month, he became a member of the board of directors. Prior to stepping into this executive post, Mr. Newsome acted as president of hospital operations at Community Health Systems for hospitals in Illinois, New Jersey, Pennsylvania, Tennessee and West Virginia. He also assumed responsibilities as vice president of group operations.
Lex Reddy. As the president and CEO of Ontario, Calif.-based Prime Healthcare, Mr. Reddy focuses on promoting active physician participation and believes it is the driving factor in the financial success of a hospital. He was responsible for leading Desert Valley Hospital in achieving a turnaround with improved efficiencies in areas such as emergency department, decreasing inpatient lengths of stay and implementing state-of-the-art technology.
Daniel Slipkovich. Capella Healthcare is led by Mr. Slipkovich, who co-founded Capella Healthcare in 2005 and currently serves as CEO and chairman of the board of directors. In this role, Mr. Slipkovich oversees all facets of the company's strategies, operations, finances and corporate governance. Capella currently operates 13 non-urban, general acute-care hospitals in partnership with communities across the country that are growing or have service needs that are not currently being met.
Wayne Smith. As the chairman of the board and president and CEO of Community Health Systems in Franklin, Tenn., Mr. Smith has been credited for the health system's growth since his arrival to the company in 1997. He is responsible for the 12-year period of growth from 1997 to 2009, when the company's net revenue grew from $742 million to $12.1 billion. In Feb. 2001, he was appointed to be the chairman of the board of Community Health Systems.
Robert Thornton, Jr. Mr. Thornton is the chairman, president and CEO of Atlanta-based SunLink Health Systems, which owns and operates facilities in Missouri, Georgia, Alabama, Mississippi and Louisiana. Mr. Thornton has served as the company's chairman and CEO since Sept. 1998 and as president since July 1996. He has been working as an executive with national healthcare corporations since 1981 and have extensive experience in acquisitions, divestures and turnarounds of community hospitals.
David Vandewater. Ardent Health Services, based in Nashville, Tenn., is led by president and CEO Mr. Vandewater, who brings more than 30 years of healthcare management expertise to the company. When he first joined, Mr. Vandewater signed on as chairman of Behavioral Health Corporation, Ardent's predecessor company, in Feb. 2001. Prior to joining Ardent, Mr. Vandewater served as president and COO of Columbia/HCA Healthcare Corporation and was also a past chairman of the Federation of American Hospitals.
John Rex-Waller. Mr. Rex-Waller is the chairman, president and CEO of National Surgical Hospitals, which partners with local physicians to develop freestanding surgical facilities. NSH is one of the most highly capitalized specialty hospital companies, with an ownership stake in 22 specialty hospitals across the United States, five of which were named the best hospitals in their respective states by Consumer Reports published in Aug. 2009. NSH announced the opening of its newest surgical hospital, South Texas Surgical Hospital located in Corpus Christi, Texas, in Jan. 2010.
Carl Whitmer. Mr. Whitmer is currently president of Franklin, Tenn.-based IASIS Healthcare and will assume his role as CEO when current CEO David White leaves the position next year. Mr. Whitmer, who has almost 20 years of healthcare leadership and executive experience, first joined IASIS as vice president and treasurer shortly after the company was founded. He soon after filled the leadership role of CFO, during which time IASIS experienced substantial growth in its acute-care operations and expanded its managed care operations, including a Medicaid and Medicare managed health plan in Arizona.
Richard M. Bracken. Mr. Bracken is the chairman and CEO of Hospital Corporation of America, which operates a chain of 163 hospitals located across the country. He started his career with HCA in 1981 and has filled several executive roles at the company, including CEO of the Green Hospital of Scripps Clinic in San Diego and Centennial Medical Center in Nashville, Tenn. He has also served on various professional and community boards, such as the California Hospital Association and the Federation of American Hospitals.
Michael Browder. Mr. Browder is the president and CEO of Nashville, Tenn.-based Essent Healthcare, which owns and operates hospitals in Massachusetts, Texas, Pennsylvania and Connecticut. He has worked with the company since 2001, shortly after Essent acquired its first hospital. Prior to becoming the CEO for Essent, he served as executive vice president and CFO. Before joining Essent, Mr. Browder was senior vice president and CFO for TMC HealthCare based in Tucson, Ariz.
William F. Carpenter, III. After serving as the executive vice president of Brentwood, Tenn.-based LifePoint Hospitals for two years, Mr. Carpenter was appointed as the CEO and president in June 2006. Prior to these executive roles, Mr. Carpenter worked for the company in various capacities, including as general counsel and secretary, corporate governance office and senior vice president. Currently, he serves as chair of the Federation of American Hospitals' board of directors.
Trevor Fetter. Mr. Fetter became the president and CEO of Tenet Healthcare in Sept. 2003. He first joined the company in 1995 and has since filled various executive positions, such as executive vice president, CFO and a member of the office of the president. During this time, he supervised Tenet's corporate finance, law, information systems, human resources, communications and administration. He was also involved in strategic initiatives, acquisitions and new ventures.
Charles Martin, Jr. Mr. Martin has been Vanguard Health System's chairman and CEO since the Nashville, Tenn.-based company's establishment in 1997. Mr. Martin started Vanguard Health Systems with colleagues from his former employer OrNda. The aim of the company was to turn non-profit healthcare systems into investor-owned ventures. He is now responsible for the operation of more than a dozen for-profit acute-care hospitals and outpatient facilities throughout Arizona, Illinois, Massachusetts and Texas. In November, Michigan Attorney General Mike Cox has approved the sale of eight-hospital Detroit Medical Center to Vanguard Health Systems in a deal valued at $1.5 billion.
Thomas A. Michaud. CEO and Board Chairman Mr. Michaud founded Foundation Surgery Affiliates in Jan. 1996 and in 2008 formed Foundation Surgical Hospital Affiliates, which operates surgical hospitals in Houston and San Antonio, Texas. One surgical hospital in Sherman, Texas, is currently in development. Before founding FSA, he held the positions of COO and CFO of a regional surgery center management company. Mr. Michaud also previously served as a staff accountant at Ernst & Young.
Marc D. Miller. Mr. Miller joined Universal Health Services in 1995 and was appointed president of the company in 2009. Prior to this, he served as co-head of UHS' acute-care division since 2007, where he helped lead 26 acute-care hospitals and generated $4.0 billion revenues in his division. Mr. Miller now fills the role of president, taking over for his father Alan Miller.
Dan Moen. Established in Jan. 2008 by Mr. Moen and his associate, Legacy Hospital Partners owns, operates and manages acute-care hospitals in small cities and in select urban markets throughout the United States. Legacy is currently led by Mr. Moen, who serves as CEO. Mr. Moen previously served as executive vice president for development at Triad Hospitals and began his healthcare career with Humana in 1977, working there in positions of increasing responsibility for 14 years.
Gary D. Newsome. Mr. Newsome was named the president and CEO of Health Management Associates in Sept. 2008. That same month, he became a member of the board of directors. Prior to stepping into this executive post, Mr. Newsome acted as president of hospital operations at Community Health Systems for hospitals in Illinois, New Jersey, Pennsylvania, Tennessee and West Virginia. He also assumed responsibilities as vice president of group operations.
Lex Reddy. As the president and CEO of Ontario, Calif.-based Prime Healthcare, Mr. Reddy focuses on promoting active physician participation and believes it is the driving factor in the financial success of a hospital. He was responsible for leading Desert Valley Hospital in achieving a turnaround with improved efficiencies in areas such as emergency department, decreasing inpatient lengths of stay and implementing state-of-the-art technology.
Daniel Slipkovich. Capella Healthcare is led by Mr. Slipkovich, who co-founded Capella Healthcare in 2005 and currently serves as CEO and chairman of the board of directors. In this role, Mr. Slipkovich oversees all facets of the company's strategies, operations, finances and corporate governance. Capella currently operates 13 non-urban, general acute-care hospitals in partnership with communities across the country that are growing or have service needs that are not currently being met.
Wayne Smith. As the chairman of the board and president and CEO of Community Health Systems in Franklin, Tenn., Mr. Smith has been credited for the health system's growth since his arrival to the company in 1997. He is responsible for the 12-year period of growth from 1997 to 2009, when the company's net revenue grew from $742 million to $12.1 billion. In Feb. 2001, he was appointed to be the chairman of the board of Community Health Systems.
Robert Thornton, Jr. Mr. Thornton is the chairman, president and CEO of Atlanta-based SunLink Health Systems, which owns and operates facilities in Missouri, Georgia, Alabama, Mississippi and Louisiana. Mr. Thornton has served as the company's chairman and CEO since Sept. 1998 and as president since July 1996. He has been working as an executive with national healthcare corporations since 1981 and have extensive experience in acquisitions, divestures and turnarounds of community hospitals.
David Vandewater. Ardent Health Services, based in Nashville, Tenn., is led by president and CEO Mr. Vandewater, who brings more than 30 years of healthcare management expertise to the company. When he first joined, Mr. Vandewater signed on as chairman of Behavioral Health Corporation, Ardent's predecessor company, in Feb. 2001. Prior to joining Ardent, Mr. Vandewater served as president and COO of Columbia/HCA Healthcare Corporation and was also a past chairman of the Federation of American Hospitals.
John Rex-Waller. Mr. Rex-Waller is the chairman, president and CEO of National Surgical Hospitals, which partners with local physicians to develop freestanding surgical facilities. NSH is one of the most highly capitalized specialty hospital companies, with an ownership stake in 22 specialty hospitals across the United States, five of which were named the best hospitals in their respective states by Consumer Reports published in Aug. 2009. NSH announced the opening of its newest surgical hospital, South Texas Surgical Hospital located in Corpus Christi, Texas, in Jan. 2010.
Carl Whitmer. Mr. Whitmer is currently president of Franklin, Tenn.-based IASIS Healthcare and will assume his role as CEO when current CEO David White leaves the position next year. Mr. Whitmer, who has almost 20 years of healthcare leadership and executive experience, first joined IASIS as vice president and treasurer shortly after the company was founded. He soon after filled the leadership role of CFO, during which time IASIS experienced substantial growth in its acute-care operations and expanded its managed care operations, including a Medicaid and Medicare managed health plan in Arizona.