Murphy joined Carilion as COO in 1998, and was promoted to president and CEO in 2001. He is one of only five men who have made Modern Healthcare's and Modern Physician's list of the 50 Most Powerful Physician Executives every year since list began in 2005, finishing 24th last year and 27th in 2009. He was the winner of a Modern Healthcare CEO IT Achievement Award in 2009.
He will be working with TowerBrook Capital Partners, a New York- and London-based investment firm, “to acquire and develop businesses” and working on issues concerning physician management, doctor-hospital alignment and clinical coordination, and ACO development.
His other position will be with Sound Physicians, a Tacoma, Wash.-based provider of hospitalist services that was founded in 2001 and has grown to include more than 400 physicians practicing in some 40 hospitals and 60 post-acute care centers.
“The decision to leave Carilion was difficult, but the time is right,” Murphy said in the release. “This opportunity with TowerBrook and Sound Physicians will allow me to work on hospital/physician integration and ACO development, nationally.”
Murphy will continue to serve on the board and faculty of Virginia Tech Carilion School of Medicine and Research Institute.
Agee has been with Carilion for 20 years, starting as a nurse and then being named vice president of medical education in 1996. She was promoted to senior vice president in 2000 and became executive vice president and COO in 2001.