The longtime chief financial officer of Quorum Health Group said last week he will resign effective March 31 to pursue other healthcare ventures.
After a 21-year tenure that began with Hospital Corporation of America, Robert Yeager said he'd "like to take the next step into the CEO role." Yeager, 47, said he was talking to a variety of interests but wanted to remain in Nashville, Tenn.
Quorum was a hospital contract management firm when it was spun off from HCA in 1989. The company made its initial public offering in 1994 and now owns 14 hospitals and manages 257. It is the largest provider of management services for hospitals.
In recent months, Quorum was in merger discussions with an unidentified partner. Those talks were subsequently terminated, and Yeager said last week that no merger discussions are underway.
According to the company's most recent proxy statement, Yeager owns Quorum stock or options worth about $4.8 million.