Capella Healthcare, an investor-owned hospital chain, is not for sale, according to its incoming president and CEO.
Michael Wiechart, currently senior VP and chief operating officer, steps into the position Jan. 1, succeeding Dan Slipkovich, who co-founded the company in 2005 and will continue as executive board chairman.
Franklin, Tenn.-based Capella has been a rumored takeover target since a Reuters report in September said its private equity owner, GTCR, had hired Bank of America Merrill Lynch to explore a sale of the company.