Capella Healthcare named in Modern Healthcare’s inaugural healthcare’s hottest recognition programJuly 27, 2012
Award Recognizes the Fastest Growing U.S. Healthcare Companies
FRANKLIN, Tenn.— Capella Healthcare has made Modern Healthcare’s list of fastest-growing healthcare companies as part of the magazine’s inaugural “Healthcare’s Hottest” recognition program. The program recognizes the 40 fastest-growing healthcare companies that are headquartered in the U.S., have at least $20 million in revenue for 2011, and have been in business for five years or more. Capella was honored as a top ten health system on the list.
“Being named to Modern Healthcare’s list of the Healthcare’s Hottest for 2012 demonstrates Capella’s ability to increase their financial health despite the economic downturn and tepid recovery,” said Fawn Lopez, Vice President and Publisher of Modern Healthcare.
“Since we founded Capella in 2005, our leadership has worked together with our hospitals and the communities we serve to grow smartly and deliberately,” said Dan Slipkovich, co-founder, chairman and CEO of Capella. “We have grown through both acquisitions and by expanding our services in existing markets through targeted investments and physician recruitment.”
“Being named to Modern Healthcare’s list of the fastest-growing hospital companies reflects the success of our strategy, with our net revenue having tripled from 2006 to 2011, as well as the hard work and dedication of our thousands of physicians and hospitals employees across the nation.”
Capella continues to grow through acquisitions and innovative partnerships with other healthcare providers in the communities it serves. In May, Capella and Saint Thomas Health, Nashville, completed a joint venture to operate four Capella hospitals in Middle Tennessee. The Capella-Saint Thomas system potentially could expand to additional sites over a 60-county area of Tennessee and Kentucky.
On July 1, Capella agreed to a long-term lease to operate Muskogee (Okla.) Community Hospital jointly with Capella’s Muskogee Regional Medical Center and form a comprehensive health system to better serve residents in the Muskogee region. Similarly, in Hot Springs, Ark., Capella has signed an Agreement in Principle with Mercy Health, Chesterfield, Mo., to form a sustainable, comprehensive health system consisting of Mercy in Hot Springs (formerly St. Joseph’s Mercy Health System) and Capella’s National Park Medical Center.
“We are continually seeking partners who recognize, as we do, that the future of healthcare is all about collaboration and innovation,” said Slipkovich.
The 2012 Healthcare’s Hottest program identified the “Fast 40” companies in the following sectors:
hospitals/hospital systems, physician group practices, payers/insurers, and suppliers. For more information and the full list of 40 companies, visit Modern Healthcare’s article.
About Capella Healthcare
Capella Healthcare partners with communities to build strong local healthcare systems that are known for quality patient care. Based in Franklin, Tenn., Capella owns and/or operates 15 acute care and specialty hospital facilities in seven states. With the philosophy that all healthcare is local, Capella collaborates with each hospital’s medical staff, board and community leadership to take care to the next level. The company has access to significant leadership and financial resources, investing in its family of hospitals to strengthen and expand services and facilities. For more information, visit the website, www.CapellaHealthcare.com.
About Modern Healthcare
Modern Healthcare is the industry’s most trusted, credible and relied-upon news source. Modern Healthcare examines the most pressing healthcare issues and provides executives with the information they need to make the most informed business decisions and lead their organizations to success. It’s for this reason Modern Healthcare is deemed a “must-read publication” by the who’s who in healthcare.
In addition to our weekly magazine, we provide news via our award-winning website, ModernHealthcare.com; four daily e-newsletters, Modern Healthcare A.M., Daily Dose, Health IT Strategist and Modern Physician; and breaking news email service, Modern Healthcare Alert. To subscribe, please call Modern Healthcare at 888-446-1422 or visit modernhealthcare.com/subscriptions.
All submitted financial documentation was tabulated and analyzed by Modern Healthcare. A sample of Modern Healthcare’s tabulations were independently assessed by the accounting and management consulting firm of Deloitte & Touche, a subsidiary of Deloitte LLP, which provides audit, tax, consulting, and financial advisory services to companies of all sizes including a practice dedicated to middle-market firms.