Quorum Health Corporation Announces Board of Directors Leadership Transition
24 March 2018 - 7:30AM
Business Wire
Quorum Health Corporation (NYSE: QHC) (the “Company”) today
announced that William M. Gracey, previously the Chair of the
Company’s Board of Directors (“Board”) and member of the Company’s
Compensation and Governance and Nominating Committees, is resigning
due to other professional and personal commitments, and the Board
has elected Terry Allison Rappuhn as the new Chair of the
Board.
Thomas D. Miller, President and Chief Executive Officer of
Quorum Health Corporation, said, “We have been fortunate to have
great leadership from Mr. Gracey as our founding Chair and know Ms.
Rappuhn will do an outstanding job as our new Board Chair.”
Ms. Rappuhn joined the Company’s Board of Directors in September
2017, and has served as Chair of the Audit and Compliance Committee
and as a member of the Governance and Nominating Committee since
her appointment. Ms. Rappuhn also currently serves as a director of
Akorn, Inc. (NASDAQ: AKRX), a publicly-held specialty
pharmaceutical company, and a director of Genesis Healthcare Inc.
(NYSE: GEN), one of the nation’s largest post-acute care providers.
Previously, Ms. Rappuhn served on the boards of Span-America
Medical Systems, Inc. (2016-2017), AGA Medical Holdings, Inc.
(2006-2010) and Genesis HealthCare Corporation (2003-2007). From
1999 to April 2001, Ms. Rappuhn served as Senior Vice
President and Chief Financial Officer of Quorum Health Group, Inc.
(previously a publicly-held company that was acquired by Triad
Hospitals, Inc.), an owner and operator of acute care
hospitals.
About Quorum Health Corporation
Quorum Health Corporation is an operator of general acute
care hospitals and outpatient services in the United States.
Through its subsidiaries, the Company owns, leases or operates 29
hospitals in rural and mid-sized markets with an aggregate of
approximately 2,750 licensed beds. The Company also
operates Quorum Health Resources, LLC, a leading hospital
management advisory and consulting services business. More
information about Quorum Health Corporation can be found
at www.quorumhealth.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of the federal securities laws.
Forward-looking statements include all statements that do not
relate solely to historical or current facts, including, but not
limited to, statements regarding projections, future operations,
financial results, cash flows, costs and cost management
initiatives, capital structure management, growth rates and
operational and strategic initiatives, and can also be identified
by the use of words such as “may,” “will,” “projects,” “expects,”
“anticipates,” “intends,” “plans,” “believes,” “estimates,”
“continues,” “thinks,” and words or phrases of similar meaning.
These forward-looking statements speak only as of the date hereof
and are based on our current plans and expectations and are subject
to a number of known and unknown risks, uncertainties and other
factors, many of which are difficult or impossible to predict and
may be beyond our control. Readers are referred to the documents
filed by Quorum Health Corporation with the Securities and Exchange
Commission, including the Company’s annual report on Form 10-K,
current reports on Form 8-K and quarterly reports on Form 10-Q.
These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. As a consequence,
current plans, anticipated actions and future financial position
and results of operations may differ materially from any future
results or performance expressed or implied in any forward-looking
statements in this press release.
Given these uncertainties, you are cautioned not to place undue
reliance on these forward-looking statements. We undertake no
obligation to revise or update any of these statements, or to make
any other forward‐looking statements, whether as a result of new
information, future events or otherwise.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more
of its subsidiaries or affiliates as applicable.
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Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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