The Tennessee-based hospital chain has announced that COO David Dill will become the company's new CEO when the merger with RCCH HealthCare Partners is finalized later this year.
LifePoint Health Chairman and CEO Bill Carpenter III will retire this year, after the for-profit hospital chain completes its merger with RCCH HealthCare Partners.
David Dill, LifePoint's president and COO, will take over as CEO and Carpenter will join the merged organization’s Board of Directors, LifePoint announced Wednesday.
Carpenter has a long history with LifePoint, which specializes in hospital operations in non-urban settings. He was a founding employee when the company was formed in 1999, and has served as CEO since 2006 and was appointed chairman of the board in 2010.
"It has been an absolute privilege to lead LifePoint for nearly 13 years, and to be a part of the team since the company’s inception almost 20 years ago. I am incredibly proud of all the organization has accomplished during that time," said Carpenter.
"We’ve grown from 23 hospitals in 9 states, to nearly 70 hospitals in 22 states today, to a footprint that will soon span coast to coast, pending completion of our merger with RCCH HealthCare Partners," he said.
LifePoint and RCCH, both of which are headquartered in Brentwood, Tennessee, announced their merger in July. Dill will be the first CEO of the merged company, which will keep the LifePoint Health name.
"I believe that LifePoint is better positioned than ever to be the leader in non-urban healthcare, and to help define what the delivery of community-based healthcare looks like in the future," Dill said.
Dill joined LifePoint as CFO in 2007. He was named COO in 2009 and appointed president and COO in 2011.
During Dill's tenure, LifePoint said it grew its revenues from $2.6 billion in 2007 to more than $6 billion projected for 2018 with the launch of the company's National Quality Program collaborative with Duke University Health System.
The $5.6 billion merger creates for Dill an assets portfolio that includes 85 non-urban hospitals in 30 states, regional health systems, physician practices, outpatient centers and post-acute providers, many serving as sole providers in the communities they serve.
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.
KEY TAKEAWAYS
Carpenter was a founding employee at LifePoint, and CEO since 2006.
The $5.6 billion LifePoint/RCCH Healthcare Partners merger is expected to be finalized by year's end.
David Dill will be the first CEO of the merged company, which will include 85 non-urban hospitals in 30 states.