Exhibit 99.1
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| | | | FOR IMMEDIATE RELEASE |
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INVESTOR CONTACT: | | | | MEDIA CONTACT: |
Frank Morgan | | | | Harlow Sumerford |
615-344-2688 | | | | 615-344-1851 |
HCA HEALTHCARE ANNOUNCES OPERATIONAL REORGANIZATION
NASHVILLE, Tenn., October 25, 2022 – HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, today announced an organizational change that includes the creation of a third operating group.
The change, which will be effective January 1, 2023, is designed to enhance alignment with the company’s strategy, streamline areas that can improve long-term performance, and provide greater focus and better coordination to support the business.
The announcement includes the promotion of Jon Foster, currently President of HCA Healthcare’s American Group, to Executive Vice President & Chief Operating Officer. In this role, Foster will oversee all growth and operational support areas, including Development, Payer Contracting & Alignment, Strategy & Innovation, Service Lines, Ambulatory Surgery Division, Physician and Provider Relations, and the UK Division.
In addition, Mike Marks, currently Vice President Financial Operations Support, will be promoted to Senior Vice President-Finance and report to Foster. He will oversee Parallon, Case Management, and Performance Improvement areas as well as the company’s financial resiliency program.
“Jon and Mike are two of the most seasoned operations executives in the company, and I am confident they will provide tremendous leadership and support to the organization in these important areas,” said Sam Hazen, HCA Healthcare’s Chief Executive Officer. “They will also play an important role in assisting with other strategic initiatives, including the transition into three operations groups.”
The three groups will have five domestic divisions inside each. This change is designed to allow for more focused support for the company’s networks across the enterprise and more speed and agility in decision making and execution. The group presidents will report to Hazen.
Erol Akdamar, currently President of the North Texas Division, will be promoted to President – American Group. He will oversee the Gulf Coast, San Antonio, North Texas, Central West Texas, and Continental divisions. Ronnie Midgett, currently Chief Financial Officer of the North Texas Division, will be promoted to Chief Financial Officer of this group.
Tim McManus, currently President of the Capital Division, will be promoted to President – National Group following the retirement of Chuck Hall which was announced in August. He will oversee the Capital, North Carolina, TriStar, Mountain, and Far West divisions. Russ Young, currently Chief Financial Officer of the East Florida Division, will be promoted to Chief Financial Officer of this group.