CEO shake-ups hit CHS, UHS, Quorum this year: 10 things to know

Morgan Haefner, Kelly Gooch and Alia Paavola –
Thursday, October 29th, 2020
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3 significant medical facility operators revealed the departure of their CEOs this year.

Community Health Systems.
1. Wayne Smith will step far from his function as CEO of Franklin, Tenn.-based Community Health Systems to become executive chair of the board of directors, the business said Oct. 27. Mr. Smith, who also is chair of the businesss board, will transition tasks on Jan. 1 and retain specific strategic and other executive management obligations.

Here are 10 things to understand about CEO changes at Community Health Systems, Universal Health Services and Quorum Health:.

2. Mr. Smith has helmed CHS because 1997 and acted as board chair since 2001..

3. CHS intends to name Tim Hingtgen as CEO, likewise reliable Jan. 1. Mr. Hingtgen has actually invested the last four years as president and COO and is a member of the CHS board of directors..

Universal Health Services.

4. Universal Health Services revealed Sept. 8 that Alan Miller, creator, chair and CEO of the King of Prussia, Pa.-based company, will step down in January..

5. The company said Mr. Alan Miller will continue to serve as executive chair of the UHS board of directors as well as chair of the board, president and CEO of Universal Health Realty Income Trust, a real estate investment trust with 71 property financial investments in 20 states.
6. Mr. Alan Miller established UHS 41 years ago. At the time, the company had 6 employees, but it has since grown to about 90,000 workers, according to UHS. The company runs through its subsidiaries about 400 centers in 37 U.S. states, Puerto Rico and the United Kingdom.

7. Marc Miller, president of UHS, will end up being CEO. Mr. Marc Miller has served as president of UHS for 11 years and belongs to the companys board of directors.

Quorum Health.

8. 2 months after he took the job as CEO of Brentwood, Tenn.-based Quorum Health, Joey Jacobs stepped down, according to a Sept. 4 company announcement. He took on the role in July 2020, simply as Quorum was emerging from Chapter 11 bankruptcy.

9. Quorum, a spinoff of CHS, applied for bankruptcy in early April and participated in a contract to decrease its financial obligation load by about $500 million. The healthcare facility emerged from bankruptcy July 7..

10. Dan Slipkovich, who also rests on Quorums board, has been called interim CEO. Mr. Slipkovich has 38 years of healthcare experience and is the creator of Franklin, Tenn.-based Capella Healthcare.

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Wayne Smith will step away from his function as CEO of Franklin, Tenn.-based Community Health Systems to become executive chair of the board of directors, the company said Oct. 27. CHS plans to name Tim Hingtgen as CEO, likewise reliable Jan. 1. Marc Miller, president of UHS, will become CEO. 2 months after he took the task as CEO of Brentwood, Tenn.-based Quorum Health, Joey Jacobs stepped down, according to a Sept. 4 business statement. Dan Slipkovich, who likewise sits on Quorums board, has actually been named interim CEO.