Quorum Health Corporation Announces Leadership Transition

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Dan Slipkovich Appointed Interim CEO, Effective Immediately, as Joey Jacobs Steps Down

Suzanne Gibbons Appointed to Board of Managers

BRENTWOOD, Tenn. – September 4, 2020 – Quorum Health Corporation (the “Company”), a wholly owned subsidiary of Quincy Health, LLC, today announced that Dan Slipkovich, a member of the Company’s Board of Managers, has been appointed Interim Chief Executive Officer. Mr. Slipkovich succeeds Joey Jacobs, who has stepped down from his roles as CEO and member of the Board of Managers. Quorum’s financial position and operations are strong following its recent balance sheet restructuring, and the Company remains focused on providing outstanding support to the communities it serves.

Mr. Slipkovich has over 38 years of experience leading multi-billion dollar hospital operations in senior leadership roles. He is a founder of Capella Healthcare, where he served as CEO for eight years, and as Executive Board Chairman from 2014 to 2016. Throughout his career, Mr. Slipkovich has had direct operational responsibility for more than 200 health systems and hospitals in 35 states, and significant experience in physician operations and integration, and clinical and operational management, among others.

The Company also announced today that Suzanne Gibbons, a Managing Member at Davidson Kempner, has been appointed to the Quorum Health Board of Managers. 

“As we continue to focus on how best to position Quorum Health for long-term growth following the success of its recent financial restructuring, the Board and Joey together have determined that it is in the best interest of the Company to move forward with a different leader,” said Catherine Klema, Chair of the Board. “We appreciate the contributions that Joey has made to Quorum.”

Ms. Klema continued, “With a deep understanding of and extensive experience in leading operations and clinical management in a wide range of hospitals and medical facilities, Dan is positioned to accelerate Quorum Health’s track record of delivering quality outcomes to those who rely on us. We look forward to benefitting from Dan’s leadership and expertise as he steps into the interim CEO role. We are also pleased to welcome Suzy Gibbons to the Board, and know her significant finance and investment experience, as well as her perspectives on the healthcare industry, will be greatly valued.”

Mr. Slipkovich said, “I am honored to lead Quorum Health at this time as we continue our important work laying the foundation for the Company’s long-term growth. I look forward to working with the Board and management team during this period of transition to build on the positive momentum underway.”

Mr. Jacobs said, “Quorum Health has an incredibly talented team, a purpose-driven mission and an important role to play in supporting hospitals through the pandemic and beyond. I have great confidence that the future is bright for Quorum Health, and believe the Company is well positioned for success.”  

About Dan Slipkovich

Mr. Slipkovich joined Quorum as a member of the Board of Managers in July 2020. He brings more than 38 years of healthcare experience in managing operations for more than 200 hospitals, ranging from small rural facilities to large urban academic medical centers, in 35 states. In his various roles, he held direct responsibilities for M&A, financial structuring, joint venture structuring, information systems implementation, revenue cycle, clinical operations, among others, in addition to overseeing ethics and compliance programs. In 2005, he founded Capella Healthcare, where he served as Chairman and CEO until its merger with RegionalCare Hospital Partners. His prior experience includes serving as President and COO of Providence Healthcare, Senior Vice President and founding management member of LifePoint Hospital, and multiple executive roles at HCA Healthcare. 

Mr. Slipkovich is a longtime member of the Board of Directors for the Federation of American Hospitals, which represents over 1,100 hospitals, and serves on the organization’s Audit, Rural Healthcare, and Legislative committees. He has served and continues to serve on multiple community boards including Nashville Ballet, American Heart Association, Crippled Children’s Services, and is a lifelong member and supporter of the Boy Scouts of America.

About Suzanne Gibbons

Ms. Gibbons has a strong background in finance and investments across the healthcare space. She currently serves as a Managing Member at Davidson Kempner Capital Management LP. Ms. Gibbons was previously at Montgomery & Co. where she was responsible for advising healthcare companies on private placements and mergers and acquisitions. She began her career in the healthcare investment banking group at JP Morgan. Ms. Gibbons received an MBA from Harvard Business School and a B.A. from Dartmouth College.

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 a diversified portfolio of 22 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,817 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.