Navigation Links
Industry Veterans Rash and Rutledge Launch RegionalCare Hospital Partners to Acquire and Operate Hospitals in Non-Urban Markets
Date:7/15/2009

NASHVILLE, Tenn., July 15 /PRNewswire/ -- Martin S. Rash and John M. Rutledge, hospital veterans with experience operating and managing more than 300 hospitals in 25 states, announced today the formation of RegionalCare Hospital Partners in partnership with Warburg Pincus, a leading global private equity firm. Mr. Rash will serve as Chairman and Chief Executive Officer with Mr. Rutledge as President and Chief Operating Officer. Sam H. Moody will be the senior vice president of operations. Warburg Pincus will invest up to $300 million to support RegionalCare Hospital Partners' strategy of acquiring and operating hospitals in non-urban markets as Warburg Pincus and the executive team find attractive opportunities.

(Photo:http://www.newscom.com/cgi-bin/prnh/20090715/CL47321-a)

(Photo:http://www.newscom.com/cgi-bin/prnh/20090715/CL47321-b)

(Photo:http://www.newscom.com/cgi-bin/prnh/20090715/CL47321-c)

(Photo:http://www.newscom.com/cgi-bin/prnh/20090715/CL47321LOGO-d)

Mr. Rash previously served as chairman and CEO of Province Healthcare, a NYSE hospital company. He has served as chairman of the Nashville Health Care Council and as Chairman of the Board for the Federation of American Hospitals. He currently serves on the board of HealthSpring, a NYSE company. Mr. Rutledge has spent 25 years in the hospital management field, most recently as President and COO of Province Healthcare.

According to Mr. Rash, "Healthcare in the U.S. is changing rapidly and putting unprecedented pressure on local hospitals. With the formation of RegionalCare Hospital Partners, we want to do just what our name says, partner with hospitals that serve a broad, regional population and help them meet the healthcare needs of their communities."

Rash went on to add, "I am grateful to have the opportunity to work with John and Sam again. John is an outstanding hospital operator, with a passion for creating organizations that make a difference in the local community. Sam's depth of experience and understanding of the intricacies of hospital operations and finances will be invaluable in these difficult times. We are also very honored to have Warburg Pincus as our equity partner in RegionalCare Hospital Partners. We recognize that these are trying economic times and it is gratifying to have the financial resources and industry perspective of Warburg Pincus supporting us."

Mr. Rutledge commented, "We believe the heart of healthcare is service to others. We want to build an organization, as we have in the past, which is focused on meeting the needs of patients, physicians, and employees, and being a good corporate citizen. The local hospital is a hub, a centerpiece of the local community; it is central to the growth and well-being of the community. We will work diligently to create a culture and an environment where every person at every hospital has the tools, resources, training, and leadership to make a difference in people's lives and in their community."

Rutledge says the market and landscape for possible acquisitions is strong. "We are seeking partnerships with community hospitals in stable markets across the country where we can provide management expertise and capital to expand medical services and facilities. We are very well capitalized and because of our strong financial foothold, we will be able to accelerate the strategic vision and work of the local hospital. We will work with trustees, physicians and administration to grow the range and depth of healthcare services available locally and enrich each hospital's regional influence and reputation."

Sean Carney, Managing Director, Warburg Pincus commented, "We are very excited to have this opportunity to partner with Marty and John in the formation of RegionalCare Hospital Partners, and we are looking forward to working with them to identify opportunities that will utilize their deep industry experience to support the delivery of quality healthcare services."

RBC Capital Markets served as exclusive financial adviser to the transaction.

About RegionalCare Hospital Partners

RegionalCare Hospital Partners is headquartered in Brentwood, TN. The phone number is (615) 376-7260. Website is www.regionalcarehospitalpartners.com.

About Warburg Pincus

Warburg Pincus is a leading global private equity firm. The firm has more than $25 billion in assets under management. Its active portfolio of more than 100 companies is highly diversified by stage, sector and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 12 private equity funds which have invested more than $29 billion in approximately 600 companies in 30 countries.

The firm has invested more than $6.5 billion in healthcare companies, including investments in Allos Therapeutics, American Medical Systems, Bausch & Lomb, Coventry Health Care, Eurand, Euromedic International (acquired by Merrill Lynch Global Private Equity and Ares Life Sciences in 2008), Harbin Pharmaceuticals, Kyphon Inc. (acquired by Medtronic in 2007), Tornier B.V., Wright Medical Group and Zentiva.

The firm has offices in Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, San Francisco, Shanghai and Tokyo. For more information, please visit www.warburgpincus.com.


'/>"/>
SOURCE RegionalCare Hospital Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. GPhAs 2007 Annual Policy Conference Features Top Generic Industry CEOs; FDA, Government Officials; Wall Street Analysts
2. Arena Pharmaceuticals to Present at the NewsMakers in the Biotech Industry Conference
3. The Pharma & Life Sciences Best Practice Database: an Industry Resource for Successful Techniques and Performance Benchmarks for Reaching the Top
4. Therap Services Continues to Hire Experienced Developmental Disability Industry Clinicians for its Customer Support Team
5. Retired NYPD Lieutenants William E. Keegan, Jr., Owen McCaffery and John Moran and Tom Thees, a former COO in the financial industry, announce today the formation of H.E.A.R.T (Healing Emergency Aid Response Team) 911.
6. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
7. UNH, state health agency, private industry and NASA to tackle Lyme disease
8. System Planning Corporation Launches New Asset Tracking and Monitoring System to Meet Pharmaceutical Industry Needs
9. Pro-Consumer Drug Safety Reforms Agreed to in Final FDA Bill; Should End Drug Industry Gaming of Safety System
10. AT&T Offers Network Industry-First RFID Solution for Health Care Organizations
11. Sentillion Positioned in Visionaries Quadrant in Leading Industry Analyst Firms User Provisioning Magic Quadrant
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... ... 2016 , ... This campaign aims to provide a path to improved education ... control and change. , As nearly 795,000 Americans suffering from a new or recurrent ... Plus, with an estimated 129,000 of these people dying from stroke, it’s become our ...
(Date:5/27/2016)... ... May 27, 2016 , ... Aimed at nurses and employees ... stories, courtesy of leaders in the nursing and health care industry. It also ... advocates and associations—namely Jones & Bartlett Learning. , Jones & Bartlett Learning is ...
(Date:5/26/2016)... ... May 26, 2016 , ... Despite last week’s media reports ... Yellen and company to wait until March 2017 for an interest rate increase, according ... Robinson College of Business. , “The Federal Open Market Committee (FOMC) dot charts are ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... ... and clinical outcomes, hosted members and suppliers for its inaugural Member Conference at ... on their mission of elevating the operational health of America’s healthcare providers. , ...
(Date:5/26/2016)... Florida (PRWEB) , ... May 26, 2016 , ... ... House® Project offering a new model of care for living and healing, celebrated ... core values: Meaningful Life in a Real Home provided by Empowered Staff. , “This ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... , May 26, 2016   ... software and analytics, network solutions and technology-enabled ... announced it entered into a strategic channel ... of outpatient software solutions and revenue cycle ... specialty hospitals and rehabilitation clinics to optimize ...
(Date:5/25/2016)... GERMANTOWN, Maryland , May 25, 2016 ... bedient dringenden Bedarf zur ... QIAGEN N.V. (NASDAQ: QGEN ; Frankfurt ... und Entwicklungsvereinbarung mit Therawis Diagnostics GmbH zur Entwicklung ... zu sein. Ein erstes Projekt wird die Entwicklung ...
(Date:5/25/2016)... 2016 According to market research ... and Demand Forecast to 2022 - Industry Insights by ... published by P&S Market Research, the global insulin delivery ... and it is expected to grow at a CAGR ... pump segment is expected to witness the fastest growth ...
Breaking Medicine Technology: