Slipkovich had served as interim CEO since September 2020, shortly after the for-profit health system emerged from bankruptcy.
Quorum Health announced this week that "interim" has been removed from CEO Daniel Slipkovich's title.
Slipkovich, a veteran healthcare executive, has served as a board manager for the Brentwood, Tennessee-based for-profit health system since July 2020, as the company was emerging from bankruptcy. He was named interim CEO in September.
"Dan stepped up at a challenging time and impressed us with his strategic vision and execution," Board Chair Catherine Klema said in a media release. "He's focused the company on its core operations and mission and established a commitment to excellence that will serve both Quorum Health and its affiliated hospitals – clinically, operationally and financially – for years to come."
Quorum operates 22 general acute care hospitals and outpatient services in 13 states, primarily in rural and mid-sized markets. That's almost half as many as the 38 hospitals it owned when it spun off from Community Health Systems in early 2016. The company sold 16 hospitals since then as part of an effort to reduce about $500 million in debt.
Quorum on May 28 sold its QHR Health consulting and management company to private equity firms Grant Avenue Capital, Nashville Capital Network and Brentwood Capital Advisors, with Grant Avenue holding a majority stake. Financial terms were not disclosed.
"This transaction positions QHC to refocus on our core operations," Slipkovich said. "The capital generated by the transaction will allow us to accelerate certain high priority projects and capital investment to expand health services in our existing markets and invest in new market opportunities."
In 2005, Slipkovich founded and led Capella Healthcare until its 2016 merger with RegionalCare Hospital Partners. He was also president and COO of Providence Healthcare, a senior vice president and founding executive of LifePoint Hospitals, and served in several leadership roles at HCA Healthcare.
Quorum also announced that President and COO Martin D. Smith, an executive with the company since it was formed in 2016, will retire at the end of summer.
"Marty has served as a cornerstone of this company from our formative days more than five years ago through the most difficult moments during the height of the pandemic," Slipkovich said. "We understand and respect his desire to make a change and are grateful for his dedication and stewardship."
Scott Raplee, who joined Quorum Health this year after more than 20 years in leadership at LifePoint Health, was named executive vice president and COO.
"Scott will now lead the corporate operations team as we enhance services in our existing locations and pursue opportunities in new markets," Slipkovich said. "The continued refinement of our strategic focus, coupled with our strengthened capital position and commitment to performance excellence, makes us a partner of choice for community hospitals and physicians."
“Dan stepped up at a challenging time and impressed us with his strategic vision and execution.”
Catherine Klema, board chair, Quorum Health.
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.
Slipkovich has served as a board manager for Quorum since July 2020, when the company was emerging from bankruptcy. He was named interim CEO in September.
Quorum operates 22 general acute care hospitals and outpatient services in 13 states, primarily in rural and mid-sized markets.
That's almost half as many as the 38 hospitals it owned when it spun off from Community Health Systems in early 2016.
The company sold 16 hospitals since then as part of an effort to reduce about $500 million in debt.