Province Healthcare; About Our Company

Corporate Overview | Key Company Facts | Our History
Our Philosophy | Our Mission | Our Leadership
Frequently Asked Questions

Corporate Overview

Headquartered in Brentwood, Tennessee, Province Healthcare owns and operates 20 acute-care hospitals in attractive non-urban markets throughout the United States. In addition, an affiliate to Province Healthcare manages 36 primarily non-urban hospitals.

We believe in the value of receiving quality care and compassion close to home. That is why we are singularly focused on developing community-based hospitals in attractive non-urban markets. Because many of these hospitals serve as the only acute care facility in a geographic area, we recognize a special obligation to work closely with the local physicians, healthcare professionals, patients, and community leaders to determine local needs and to work vigorously to insure that those needs are met.
Back to Top

Key Company Facts

The company currently owns or leases 20 general acute care hospitals in 13 states with a total of 2,262 licensed beds. In addition, the company provides management services to 36 primarily non-urban hospitals in 14 states with a total of 2,985 licensed beds.
Back to Top

Our Mission

We believe the heart of healthcare is service to others. Our single goal is to provide affordable, accessible, first-rate healthcare that improves the health and well-being of the people we serve and raises the quality of life for all concerned. Working in partnership with communities, we constantly seek to build healthcare systems that are locally focused and nationally recognized as the standard by which community hospitals are judged.
Back to Top

Our History

Province Healthcare Company was founded in February 1996 as Principal Hospital Company by Chicago-based equity investment firm Golder, Thoma, Cressey, Rauner, Inc. (GTCR) and Martin S. Rash to acquire and develop a nationwide system of hospitals in non-urban markets. The company saw the opportunity to consolidate non-urban healthcare across the country and improve the quality and types of healthcare services available in many communities.

February 1996, the company is founded by Martin S. Rash and GTCR.
July 1996, acquires first hospital, Memorial Mother Frances Hospital in Palestine, TX.
October 1996, acquires Starke Memorial Hospital in Knox, IN.
December 1996, merges with Brim, Inc., creating a new hospital management operation. Brim owned or leased five hospitals and managed about 50.
August 1997, company acquires Needles Desert Communities Hospital in Needles, CA.
February 1998, company makes their initial public offering, and changes its name to Province Healthcare Company.
May 1998, acquires Havasu Regional Medical Center in Lake Havasu City, AZ.
May 1998, Martin S. Rash is named Chairman of the Board of Province Healthcare.
June 1998, acquires Elko General Hospital in Elko, NV.
July 1998, company completes secondary public offering.
February 1999, acquires Eunice Community Medical Center in Eunice, LA.
April 1999, acquires Glades General Hospital in Belle Glade, FL.
June 1999, acquires Doctors Hospital of Opelousas in Opelousas, LA.
October 1999, acquires Trinity Valley Medical Center in Palestine, TX and Minden Medical Center in Minden, LA.
February 2000, acquires Ennis Regional Medical Center in Ennis, TX.
April 2000, acquires Bolivar Medical Center in Cleveland, MS.
July 2001, acquires Selma Regional Medical Center in Selma, AL.
August 2001, acquires Ashland Regional Medical Center in Ashland, PA.
October 2001, acquires Vaughan Regional Medical Center in Selma, AL and The Medical Center of Southern Indiana in Charlestown, IN.
December 2001, acquires Lakewood Medical Center in Morgan City, LA.
May 2002, acquires Memorial Hospital of Martinsville and Henry County in Martinsville, VA.
June 2002, acquires Los Alamos Medical Center in Los Alamos, NM.
October 2003, announces construction of Coastal Carolina Medical Center in Hardeeville, SC.

Back to Top

Our Philosophy
At Province Healthcare, we are solely committed to the development of hospitals and healthcare systems that serve the unique needs of attractive non-urban communities.
As the healthcare industry continues to develop new technologies and methods of treatment, we are confident that community hospitals, in tune with the demands of their patients, hold the key to the future. To meet the demands and challenges of the future, however, hospitals often find themselves in need of new leadership, greater capital resources, or enhanced medical expertise. Province Healthcare is able to offer all these resources, together with a genuine respect for the local autonomy and a sincere commitment to meeting the wider needs of the community.
Back to Top
Our Leadership
Martin S. Rash
Chairman and Chief Executive Officer
Mr. Rash founded Province Healthcare in February 1996 with Golder, Thoma, Cressey, Rauner Fund IV, L.P. Previously, Mr. Rash was Executive Vice President and Chief Operating Officer with Community Health Systems, a Brentwood, Tennessee-based healthcare company. With more than 24 years of experience in healthcare operations and management, Mr. Rash led the growth of Community Health Systems from 10 to 41 hospitals in 17 states while developing network-based delivery systems in each market. He supervised regional operations, information systems, physician recruitment, clinic operations, and managed care development.
Daniel S. Slipkovich
President and Chief Operating Officer
Mr. Slipkovich has 23 years experience in the hospital industry, both in operations and finance. He is a Certified Public Accountant (CPA) and began his career as the Chief Financial Officer at a HealthTrust, Inc./HCA hospital. He rapidly gained additional responsibility, moving to a Regional Officer, a Division Vice President and a Group Vice President while with Columbia/HCA. Prior to joining Province in February, 2004, Mr. Slipkovich was a Senior Vice President/Division President with LifePoint Hospitals, Inc. He holds a B.S. degree in Business Administration and Accounting.
Christopher T. Hannon
Senior Vice President and Chief Financial Officer
Mr. Hannon earned a BBA in finance from the University of Georgia and a MBA from Belmont University. He is a Certified Cash Manager (CCM) and a member of the Healthcare Financial Management Association. Before joining Province in 1996 as Vice President and Assistant Treasurer, Mr. Hannon was a member of the Healthcare Group at Sun Trust Bank for 12 years. Mr. Hannon has distinguished himself during his tenure with Province, having been central to the Company's successful public offerings and responsible for banking relationships and also served as interim CFO of the Company in 2001.
J. Thomas Anderson
Senior Vice President of Acquisitions and Development
Mr. Anderson has more than 20 years of operations and financial experience in the healthcare industry. He most recently served as Vice President and Group Director for Community Health Systems. Mr. Anderson has also held executive roles, including Administrator and Chief Financial Officer, at several major medical centers.
Howard T. Wall, III
Senior Vice President, General Counsel, and Secretary
Mr. Wall oversees the Company's legal affairs, including coordinating relationships with outside counsel and working closely with other members of management to achieve legal and regulatory compliance in all aspects of the Company's operations. Prior to joining Province Healthcare, he spent over fourteen years at the Nashville, Tennessee, law firm of Waller Lansden Dortch & Davis participating in the area of health care law.
Sam Moody
Senior Vice President, Operations
Mr. Moody oversees financial operations of the Province owned hospitals. His responsibilities include budgeting, performance monitoring, and capital planning. He has over 20 years experience with Columbia/HCA, beginning as a reimbursement consultant and culminating as a Group CFO. He also has seven years experience with an insurance company. Mr. Moody holds a Bachelor of Science degree from Georgia Institute of Technology.

Back to Top

Frequently Asked Questions
Where did the name Province Healthcare come from?
Among the definitions for the word "province" in Webster's Dictionary are "all of a country except the metropolis," and "a department of knowledge or activity." We think this clearly outlines our focus: to provide a specific service - quality healthcare - to areas of this country which are outside urban areas.
Why did you choose the rising sun as your logo?
Since the beginning of time, the rising sun has been a clear and evident symbol of possibility, opportunity, and security.
Why is there a resurgence in managing non-urban healthcare?
The health care delivery system has come full-circle since 1965 when Congress passed a Medicare bill intended to give Americans accessibility and availability to healthcare. It became costly for facilities to maintain accessibility and availability of services. To fulfill rather than constrict these services, investment is needed, especially in fast growing rural areas of the country, to bring technology and needed health services to these communities. The opportunity to deliver expanded services expressed by rural communities is one of the attractions for Province Healthcare in the rural hospital industry.
Back to Top

Home Page | About Our Company | Our Commitment to Communities
Our Hospitals | Investor Information | Physician Opportunities