LEWISVILLE, Texas, Sept. 7, 2016 /PRNewswire/ -- Adeptus Health
Inc. (NYSE: ADPT), the largest operator of freestanding
emergency rooms in the U.S., today announced that Thomas S.
Hall has informed the Board of Directors of his intention to
retire as Chief Executive Officer. To ensure an orderly
transition, Mr. Hall intends to continue as CEO until the earlier
of mid-2017 or the appointment of his successor. Mr. Hall has
also agreed to remain on the Board as Chairman through his current
term, which ends at the Company's 2017 Annual Meeting of
Stockholders.
"When Tom retires, he will leave with gratitude and best
wishes. He has led the Company through a period of tremendous
growth and has built an outstanding management team to support our
continued success," said Richard
Covert, Vice Chairman of the Adeptus Board. "During
his tenure, Adeptus has transformed from a private company with 12
facilities just four years ago into the premier operator of
freestanding emergency rooms in the United States. Today, we
are operating 97 facilities and are on track to open an additional
13 new facilities by year-end 2016 and have established
partnerships with leading healthcare systems in five states.
We have also achieved significant growth in both revenues and
earnings over this period, and are well positioned to continue our
growth through new unit openings and new partnerships. As we
look forward, we intend to identify a leader who will build on this
momentum, creating enhanced value for Adeptus stockholders, our
partners, employees, and the communities in which we operate."
"It has been an honor to serve as Chairman and CEO of Adeptus,"
said Mr. Hall. "Helping Adeptus and its team grow and flourish
during my tenure has been one of the most rewarding professional
experiences of my career. Today, the Company has a strong
management team to carry us forward as well as a solid operating
and financial foundation in place. It is the right time to
transition to the next chapter. I am proud of all that we
have accomplished together and equally confident in our team's
ability to continue to grow Adeptus following my retirement and
fulfill its mission of expanding access to the highest-quality
emergency medical care."
The Adeptus Board has established a search committee to identify
Mr. Hall's successor and intends to retain a leading executive
search firm to assist in the process.
About Adeptus Health Inc.
Adeptus Health (NYSE: ADPT) is a leading patient-centered
healthcare organization expanding access to the highest quality
emergency medical care through its network of freestanding
emergency rooms and partnerships with premier healthcare providers.
Adeptus Health owns and operates First Choice Emergency Room, the
nation's largest and oldest network of freestanding emergency rooms
and owns and/or operates facilities in partnership with Texas
Health Resources in Texas,
UCHealth in Colorado, Dignity
Health in Arizona, Ochsner Health
System in Louisiana and Mount
Carmel Health System in Ohio. All
Adeptus Health freestanding facilities are fully equipped emergency
rooms with a complete radiology suite of diagnostic technology,
on-site laboratory, and staffed with board-certified physicians and
emergency trained registered nurses. For the last three years,
Adeptus Health has exceeded the 95th percentile in patent
satisfaction according to patient feedback collected nationwide by
Press Ganey Associates Inc. Adeptus Health also was named a 2016
Best Workplaces in Healthcare by Great Place to Work® and Fortune
Magazine. For more information please visit
adhc.com.
Forward-Looking Statements
Certain statements and information herein may be deemed to be
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may include, but are not limited to, statements relating
to our objectives, plans and strategies, and all statements (other
than statements of historical facts) that address activities,
events or developments that we intend, expect, project, believe or
anticipate will or may occur in the future. Any forward-looking
statements herein are made as of the date of this press release,
and ADPT undertakes no duty to update or revise any such statements
except as required by the federal securities laws. Forward-looking
statements are not guarantees of future performance and are subject
to risks and uncertainties. Important factors that could cause
actual results, developments and business decisions to differ
materially from forward-looking statements are described in ADPT's
filings with the U.S. Securities and Exchange Commission ("SEC")
from time to time and which are accessible on the SEC's website at
www.sec.gov, including in the section entitled "Risk Factors" in
the Company's Form 10-K for the fiscal year ended December 31, 2015.
Investor Relations Contacts:
Kevin Ellich
Vice President, Investor Relations
Tel: (972) 899-7062
Email: Kevin.Ellich@adhc.com
Media Contact:
Jackie
Zupsic
Hill+Knowlton Strategies
Tel: (212) 885-0590
Email: Jackie.Zupsic@hkstrategies.com
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SOURCE Adeptus Health Inc.