FRANKLIN, Tenn.--(BUSINESS WIRE)--Nov. 4, 2015--
Community Health Systems, Inc. (NYSE: CYH) announced today that two of
its corporate officers, Division President William S. Hussey and Chief
Information Officer J. Gary Seay, will retire at the end of the year.
William (Bill) Hussey currently oversees Division VI Operations, which
includes affiliated hospitals in Florida, Georgia and South Carolina. He
joined Community Health Systems in June 2001 as a group assistant vice
president. He was named Division President in 2007. During his tenure
with Community Health Systems, Hussey has overseen the strategic
acquisitions of several hospitals and large multi-specialty clinics, and
he was a key member of the integration team in the acquisitions of Triad
Hospitals, Inc. and Health Management Associates, Inc. Hussey has served
as a member of the board of directors of the Federation of American
Hospitals and the Coalition to Protect America’s Healthcare. He is a
Fellow of the American College of Healthcare Executives.
Commenting on the announcement, Wayne T. Smith, chairman and chief
executive officer of Community Health Systems, Inc., said, “Bill
Hussey’s passion for creating the best possible healthcare experience
for patients has been a guiding force for the many hospitals he has led
across our organization. He is first and foremost a champion of clinical
excellence, quality and safety. We also have benefitted from Bill's
experience as an astute hospital operator, his deep knowledge of our
industry and his relentless attention to the details of our business.
Bill’s enduring impact on our organization will continue through the
excellent care delivered in hospitals across America.”
Gary Seay joined Community Health Systems in 1997 to lead technology
initiatives and information systems. He has been instrumental in the
Company’s work to implement electronic health records in affiliated
hospitals and clinics and to bring forth technologies to advance
operational and financial performance, security and information
infrastructure. Seay has overseen the deployment of standardized IT
systems and numerous IT conversions for hospital, healthcare system and
clinic acquisitions. Seay’s community involvement spans numerous
charitable organizations and academic and technology councils, including
his service as a board member of the Nashville Technology Council, past
chair of the Tennessee HIMSS CIO Advisory Council and adjunct assistant
professor of management at Vanderbilt’s Owen Graduate School of
Management.
Smith noted, “The evolution of healthcare IT over these years has been
nothing short of remarkable. Gary Seay has stayed at the forefront of
how technology and information systems can improve patient care and
operational and financial processes. He has accepted every challenge,
stayed adaptable through rapid change and always focused on doing what
is right for our patients, hospitals, clinics and business. He has
assembled an excellent, skilled team that will continue to push our
company forward through IT initiatives.”
In closing, Smith said, “A hallmark of our company’s success has been
our tenured, experienced leadership team. Bill and Gary have been part
of this team for many years, and they have contributed to our
exponential growth and many accomplishments over the years. We will miss
their leadership, but we also look forward to fresh perspectives as our
company works through transformational change in the months ahead,
especially with the spin-off of Quorum Health Corporation and the
realignment of our operating divisions early next year. I am confident
that we have the right strategies, the resolve and a deep bench of
leadership resources to move our organization forward with continued
success.”
Successors for Hussey and Seay will be named before the end of the year.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly-traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. Through
its subsidiaries, the Company currently owns, leases or operates 198
affiliated hospitals in 29 states with an aggregate of approximately
30,000 licensed beds. The Company has announced plans for a spin-off
transaction to create a new, publicly-traded company, Quorum Health
Corporation, with 38 affiliated hospitals and related outpatient
services in 16 states, together with Quorum Health Resources, LLC, a
subsidiary providing management and consulting services to
non-affiliated hospitals. The transaction is expected to close during
the first quarter of 2016. The Company’s headquarters are located in
Franklin, Tennessee, a suburb south of Nashville. Shares in Community
Health Systems, Inc. are traded on the New York Stock Exchange under the
symbol “CYH.” More information about the Company can be found on its
website at www.chs.net.
Forward Looking Statements
Certain statements contained in this communication may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements include, but
are not limited to, statements regarding the expected timing of the
completion of the spin-off transaction and realignment of the Company’s
operating divisions and other statements that are not historical facts.
Such statements are based on the views and assumptions of the management
of the Company and are subject to significant risks and uncertainties.
There can be no assurance that the proposed transaction or these future
events will occur as anticipated, if at all, or that actual results will
be as expected. Actual future events or results may differ materially
from these statements. Such differences may result from a number of
factors, including but not limited to: the timing and completion of the
proposed transaction; a failure to obtain necessary regulatory
approvals; a failure to obtain assurances of anticipated tax treatment;
a deterioration in the business or prospects of the Company or Quorum
Health Corporation; adverse developments in the Company’s or Quorum
Health Corporation’s markets; adverse developments in the U.S. or global
capital markets, credit markets or economies generally; the risk that
the benefits of the proposed transaction may not be fully realized or
may take longer to realize than expected; the impact of the proposed
transaction on the Company’s third-party relationships; the Company’s
ability following completion of the spin-off to identify and acquire
additional hospitals in larger and more urbanized markets with terms
that are attractive to the Company and to integrate such acquired
hospitals; and changes in regulatory, social and political conditions.
Additional risks and factors that may affect results are discussed in
the Company’s most recent Annual Report on Form 10-K and other public
filings with the Securities and Exchange Commission. The forward-looking
statements speak only as of the date of this communication. The Company
does not undertake any obligation to update these statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151104006288/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Investor Contact:
W. Larry
Cash, 615-465-7000
President of Financial Services and Chief
Financial Officer
or
Media Contact:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs
