FRANKLIN, Tenn.--(BUSINESS WIRE)--Dec. 13, 2017--
Community Health Systems, Inc. (NYSE:CYH) announced today that the
Company’s Board of Directors has elected Michael Dinkins and K. Ranga
Krishnan, MBBS, to the Board of Directors for terms that will expire at
the 2018 Annual Meeting of Stockholders.
Mr. Dinkins, age 63, has extensive experience as a director and a chief
financial officer of a publicly traded company. He brings considerable
knowledge of complex financial and operational issues facing large
organizations operating in challenging environments. From 2008 until
2012, Mr. Dinkins served on the board of directors of Integer Holdings
Corp., a medical device outsource manufacturer and developer of high-end
batteries for niche applications in medical and energy markets. In 2012,
Mr. Dinkins resigned his board seat to serve as senior vice president,
and then executive vice president, and chief financial officer of
Integer Holdings until his retirement in March 2017. Prior to serving as
chief financial officer of Integer Holdings, Mr. Dinkins served as
executive vice president and chief financial officer of USI Insurance
Services, an insurance intermediary company, from 2008 until 2012. From
2005 until 2008, Mr. Dinkins was executive vice president and chief
financial officer of Hilb Rogal & Hobbs, Co., an insurance and risk
management services company. Mr. Dinkins was vice president, global
control & reengineering at Guidant Operation from 2004 to 2005 and vice
president and chief financial officer for NCR Worldwide Customer Service
Operation from 2002 to 2004. Prior to 2002, he held senior positions at
Access Worldwide Communications, Cadmus Communications Group and General
Electric Company. Mr. Dinkins is also a former director of LandAmerica
Financial Group, Inc. Mr. Dinkins has served on the National Council on
Compensation Insurance since 2015.
Dr. Krishnan, age 61, holds a medical degree from Madras Medical College
in Madras, India, and has served as the dean and a professor in the
Department of Psychiatry at Rush Medical College since 2015. He is also
senior vice president of Rush University Medical Center, an
internationally recognized academic health system in Chicago, Illinois.
Dr. Krishnan serves as a member of the board of directors of Singapore
Health Services, the largest healthcare system in Singapore and also
serves as chairman of the National Medical Research Council and the
National Health Innovation Center in Singapore. From 2008 to 2015, Dr.
Krishnan served as dean at the Duke-NUS Medical School, a joint venture
between Duke University in Durham, North Carolina and the National
University of Singapore in Singapore. Prior to and during his tenure at
Duke-NUS Medical School, Dr. Krishnan was a professor in the Department
of Psychiatry and Behavioral Sciences at Duke University Medical Center,
including service as chairman of psychiatry and behavioral sciences from
1998 to 2009. Dr. Krishnan is a member of several professional
societies, including the American Psychiatric Association, the American
Association for the Advancement of Science, the New York Academy of
Sciences and the Institute of Medicine of the National Academies of
Science. He has written three books and published more than 400 journal
articles and 50 textbook chapters.
“We are pleased to welcome two highly qualified, independent directors
who bring diverse experiences, perspective and knowledge to our Board of
Directors,” said Wayne T. Smith, chairman and chief executive officer of
Community Health Systems, Inc. “These new directors will complement our
existing board strengths and offer additional insights. Our Board of
Directors is committed to providing strong governance of our
organization, as we work to deliver value to our shareholders and
quality healthcare to the communities we serve.”
As part of a settlement in a derivative action lawsuit finalized in
January 2017, the Company sought the names of prospective candidates for
the Board of Directors from its stockholders, excluding employees of the
Company, who have continuously held at least one percent of the
Company’s outstanding common stock for a period of at least one
year. Mr. Dinkins and Dr. Krishnan were identified in this process and,
following an appropriate review, were elected to the Board of Directors.
As of December 12, 2017, the Company’s board members are: John A.
Clerico, Michael Dinkins, James S. Ely III, John A. Fry, Tim L.
Hingtgen, W. Norris Jennings, M.D., K. Ranga Krishnan, MBBS, Julia B.
North, Wayne T. Smith, and H. James Williams, PhD.
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. The
Company, through its subsidiaries, owns, leases or operates 127
affiliated hospitals in 20 states with an aggregate of approximately
21,000 licensed beds. 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.
Statements contained in this news release regarding expected operating
results and other events that depend upon or refer to future events or
conditions or that include words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “estimates,” “thinks,” and similar
expressions are forward-looking statements that involve risk and
uncertainties. Actual future events or results may differ materially
from these statements. Readers are referred to the documents filed by
Community Health Systems, Inc. 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. The Company undertakes no obligation to revise or update any
forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or
View source version on businesswire.com: http://www.businesswire.com/news/home/20171213006051/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
J. Aaron, 615-465-7000
Executive Vice President and Chief Financial
Ross W. Comeaux, 615-465-7012
Vice President –
Senior Vice President, Corporate Communications,
Marketing and Public Affairs