Health Management Associates Names John M. Starcher, Jr. as Eastern Group President
NAPLES, Fla.–(BUSINESS WIRE)–
Health Management Associates, Inc. (NYSE:HMA – News) today announced
that it has named John M. Starcher, Jr., who has been a key executive
with Catholic Health Partners, (“CHP”), to the post of Eastern Group
President, effective February 27, 2012.
The appointment is part of Health Management’s recent operational
reorganization, designed to better position the company for future
growth. Effective January 1, 2012, Health Management’s 66 hospitals were
organized into three regional groups, each headed by a Group President
who reports to Gary D. Newsome, President and Chief Executive Officer of
Health Management.
As Eastern Group President, Starcher will oversee 23 hospitals in
Tennessee, Georgia, Kentucky, North Carolina, Pennsylvania, South
Carolina and West Virginia.
He joins Alan Levine who oversees 22 Florida hospitals as President of
the Florida Group and Joe D. Pinion who, as President of the Southern
and Western Group, oversees 21 hospitals in Alabama, Arkansas,
Mississippi, Missouri, Oklahoma, Texas and Washington.
“John will be a great addition to our operational leadership team, and I
am excited to welcome him to the Health Management family,” said
Newsome. “John’s years of experience in not-for-profit and academic
medicine will be extremely valuable as we continue to expand our
partnership base.”
Starcher most recently served at CHP as CEO of the North Division, which
includes 13 acute care hospitals and dozens of affiliated clinical
practices in Ohio, accounting for more than $2 billion in net revenue.
In that role, he guided the restructure of CHP’s portfolio, which
included the sale of nine hospitals in two states, grossing nearly $700
million. Previously, he served at CHP as the CEO of the Northeastern
Pennsylvania region and as CHP’s Senior Vice President of Human
Resources. Starcher began his health care career in academic medicine,
serving six years in human resources leadership at the Medical College
of Ohio, now the University of Toledo Medical Center.
Starcher has a bachelor’s degree in business administration from Bowling
Green State University and a J.D. from the University of Toledo. He
holds an active license to practice law in Ohio.
“I am very excited to be joining the Health Management team,” said
Starcher. “I am passionate about providing great care to patients and
look forward to working to further Health Management’s fundamental
and noble mission –- enabling America’s best local health care.”
Health Management enables America’s best local health care by providing
the people, processes, capital and expertise necessary for its hospital
and physician partners to fulfill their local missions of delivering
superior health care services. Health Management, through its
subsidiaries, operates 66 hospitals, with approximately 10,400 licensed
beds located throughout the United States.
All references to “Health Management,” “HMA” or the “Company” used in
this release refer to Health Management Associates, Inc. and its
affiliates.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as “expects,” “estimates,”
“projects,” “anticipates,” “believes,” “plans,” “could” and other
similar words. All statements addressing operating performance, events
or developments that Health Management Associates, Inc. expects or
anticipates will occur in the future, including but not limited to
incurrence of indebtedness, projections of revenue, income or loss,
capital expenditures, earnings per share, debt structure, bad debt
expense, capital structure, repayment of indebtedness, other financial
items and operating statistics, statements regarding the plans and
objectives of management for future operations, innovations, or market
service development, statements regarding acquisitions, joint ventures,
divestitures and other proposed or contemplated transactions (including
but not limited to statements regarding the potential for future
acquisitions and perceived benefits of acquisitions), statements of
future economic performance, statements regarding the effects and/or
interpretations of recently enacted or future health care laws and
regulations, statements of the assumptions underlying or relating to any
of the foregoing statements, and other statements which are other than
statements of historical fact, are considered to be “forward-looking
statements.”
Because they are forward-looking, such statements should be evaluated in
light of important risk factors and uncertainties. These risk factors
and uncertainties are more fully described in Health Management
Associates, Inc.’s most recent Annual Report on Form 10-K, and its most
recent Quarterly Report on Form 10-Q, under the headings entitled “Risk
Factors.” Should one or more of these risks or uncertainties
materialize, or should any of Health Management Associates, Inc.’s
underlying assumptions prove incorrect, actual results could vary
materially from those currently anticipated. In addition, undue reliance
should not be placed on Health Management Associates, Inc.’s
forward-looking statements. Except as required by law, Health Management
Associates, Inc. disclaims any obligation to update its risk factors or
to publicly announce updates to the forward-looking statements contained
in this press release to reflect new information, future events or other
developments.
Health Management Associates, Inc.
Investors:
John Merriwether, 239-598-3131
Vice President of Financial Relations
or
Media:
MaryAnn Hodge, 239-598-3131
Vice President of Marketing Communications
Article source: http://finance.yahoo.com/news/health-management-associates-names-john-210500122.html
