Community Health Systems, Inc. Announces Election of Two New Independent Directors
December 13 2017 - 4:15PM
Business Wire
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.
Forward-Looking Statements
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 otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171213006051/en/
Community Health Systems, Inc.Investor Contacts:Thomas J.
Aaron, 615-465-7000Executive Vice President and Chief Financial
OfficerorRoss W. Comeaux, 615-465-7012Vice President – Investor
RelationsorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
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