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January 22, 2016 12:00 AM

Capella Healthcare selects new advisory board under REIT owner

Dave Barkholz
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    Capella founder Dan Slipkovich chairs the board.

    Capella Healthcare, a privately held hospital and healthcare company, has constituted a new advisory board of directors with the power to approve annual capital expenditures and operating budgets, the company said in a release Friday.

    The board, chaired by Capella founder Dan Slipkovich, also evaluates the performance of the CEO, in this case, Mike Wiechart.

    CEO Mike Wiechart

    In September, Medical Properties trust, a REIT, paid $900 million for Capella's real estate and a minority of its operations. The seller was private-equity firm GTCR and affiliated funds.

    Franklin, Tenn.-based Capella has 10 acute-care and specialty hospitals in five states. Its revenue in 2014, the most recent year available, was $713.4 million.

    The for-profit company has 10 members on its advisory board, including Slipkovich and Wiechart. Others with three-year terms are:

    • Robert Hensley, a former Arthur Andersen executive and Capella board member for seven years on the previous board

    • Kathy Hewitt, board chair of EASTAR Health System in Muskogee, Okla.

    • Dr. Tallulah Holmstrom, chief medical officer for Carolina Pines Regional Medical Center in Hartsville, S.C. and KershawHealth in Camden, S.C.

    • Dr. Donald Lighter, professor and core faculty for the Physicians' Executive MBA program at the University of Tennessee

    • Jerry Mabry, Capella's Arkansas market president

    • Mark Medley, president of hospital operations for Capella

    • Meredith Nelson, chief financial officer of Willamette Valley Medical Center in McMinnville, Ore.

    • Dr. Stephen Snow, an orthopedic surgeon affiliated with Capital Medical Center in Olympia, Wash.

    The advisory board also will provide guidance to Capella on quality, service and patient safety, according to the release.

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    • News
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      • Transformation
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        • Care Delivery
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      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
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        • West
      • Digital Edition (Web Version)
    • Opinion
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      • From the Editor
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        • Nominate/Eligibility
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        • Best Places to Work in Healthcare
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        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
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        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
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