Announces Board Appointments
LHP Hospital Group, Inc. Names John F. Holland as Chief Executive Officer
<0> LHP Hospital Group, Inc.Pat Ball, 972-567-8703 </0>
LHP Hospital Group, Inc. (“LHP” or “the Company”), a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems, today announced that it has named John F. Holland as Chief Executive Officer of the Company. In addition, the Company announced that Dan Moen has been promoted to Executive Chairman of LHP’s Board of Directors, while current Board Chairman James D. (“Denny”) Shelton will continue serving in the capacity of lead director.
In his capacity as LHP’s CEO, Mr. Holland will be responsible for oversight of the operations of LHP’s healthcare facilities as well as its strategic growth initiatives. Mr. Holland will also join the LHP Board of Directors. Mr. Holland joins LHP from Tenet Healthcare Corporation (NYSE:THC), where he was most recently Senior Vice President of Hospital Operations. Throughout his thirty-year career with Tenet, Mr. Holland had operating and strategic responsibility for eighteen Tenet facilities, including hospitals in Alabama, California, Georgia, Louisiana, North Carolina, South Carolina, Pennsylvania, and Texas, and held multiple leadership positions at both the hospital and regional levels. During his tenure, he regularly worked in conjunction with not-for-profit health systems throughout the country, and his most recent role involved developing affiliations and joint ventures in key Tenet markets.
“We are delighted that John Holland will be joining LHP’s executive team as Chief Executive Officer,” said Mr. Moen. “John is a seasoned hospital operator with a wide range of experience in the healthcare industry that will be invaluable in his new role. I look forward to partnering with John as the Company pursues its continued growth, both at the six existing LHP facilities and through the development of new joint venture relationships.”
“LHP’s Board of Directors welcomes John Holland to the LHP team and is excited about the alignment of the Company’s leadership being announced today,” Mr. Shelton added. “John is well known in the healthcare industry for his demonstrated operational expertise and leadership; he will be a terrific partner to Dan Moen and the rest of LHP’s executive team.”
Mr. Moen, who with Mr. Shelton and several other Company executives founded LHP in 2008, will focus his efforts on the Company’s acquisition and development efforts as well as building relationships with existing and future joint venture partners. These leadership appointments will be effective October 24, 2013.
John Holland added, “I am honored to be joining the LHP team. Its leaders are known for delivering high-quality clinical care and service while pioneering collaborative relationships with employees, physicians, payors, and not-for-profit health systems. I look forward to continuing the Company’s patient-centered vision while recognizing the value and contributions of its employees and partners.”
Mr. Holland earned a bachelor’s degree in chemistry and a master’s degree in health administration from the University of North Carolina. He has also completed an executive program in business at Columbia University.
LHP Hospital Group, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems. In cooperation with local hospitals, LHP forms joint ventures to acquire, own, operate and manage acute care facilities in small cities and select urban markets throughout the United States. Headquartered in Plano, Texas, LHP is owned by affiliates of the private equity firm CCMP Capital Advisors, LLC and the CPP Investment Board as well as certain members of management and the board of directors.