Quorum Health Corporation Announces Mike Culotta to Resign March 2018 and Alfred Lumsdaine to Succeed as Chief Financial Offi...
January 30 2018 - 5:30PM
Business Wire
Quorum Health Corporation (NYSE: QHC) today announced that
Michael J. Culotta will resign as Executive Vice President and
Chief Financial Officer effective March 31, 2018. Mr. Culotta has
served as the Company’s Executive Vice President and Chief
Financial Officer since the Company’s spin-off from Community
Health Systems, Inc. in April 2016. Upon his departure, Mr. Culotta
will enter into a consulting agreement with the Company, under
which he will advise the Company’s management team on financial
matters. In connection with Mr. Culotta’s planned departure, Alfred
Lumsdaine will be appointed to serve as Executive Vice President of
Finance effective February 12, 2018. Mr. Lumsdaine will then
succeed Mr. Culotta in the position of Executive Vice President and
Chief Financial Officer immediately following Mr. Culotta’s
resignation.
Mr. Lumsdaine, age 52, most recently served as President of
Population Health for Sharecare, a position he has held since 2016.
Prior to joining Sharecare, Mr. Lumsdaine served as chief financial
officer of Tivity Health, Inc. (f/k/a Healthways, Inc.) since 2011.
Previously, Mr. Lumsdaine was controller and chief accounting
officer at Tivity Health, Inc., a role he assumed in 2002 when he
first joined the company. Prior to joining Tivity Health, Inc., Mr.
Lumsdaine held the position of Treasurer and Controller for
Logisco, Inc., which followed senior level financial positions with
Aegis Therapies and Theraphysics. Mr. Lumsdaine started his career
with the Nashville office of Ernst & Young, spending over eight
years in the external audit practice, primarily focused on the
healthcare industry, and subsequently directed the North America
internal audit department of Willis. Mr. Lumsdaine is a CPA and
earned both his BS in Accounting and Masters of Accountancy from
the University of Tennessee.
Commenting on the announcement, Thomas D. Miller, President and
Chief Executive Officer of the Company, said, “Mr. Culotta has
served Quorum Health since our spin-off from Community Health
Systems, Inc., and, on behalf of the Company, we appreciate his
service and contributions over the years. I am pleased that we have
found such a qualified CFO in Mr. Lumsdaine and expect the
transition will be smooth as he moves into the CFO role upon Mike’s
departure.”
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 31
hospitals in rural and mid-sized markets with an aggregate of
approximately 3,000 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.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. Actual future events or
results may differ materially from these statements. Readers are
referred to the documents filed by Quorum Health Corporation 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.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more
of its subsidiaries or affiliates as applicable.
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version on businesswire.com: http://www.businesswire.com/news/home/20180130006453/en/
Quorum HealthTom Miller, 615-221-3501President and CEO
Quorum Health (NYSE:QHC)
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