Surgery Partners Announces Appointment of Wayne S. DeVeydt as Chief Executive Officer
05 Januar 2018 - 1:00PM
Surgery Partners, Inc. (NASDAQ:SGRY) (the “Company”), a leading
healthcare services company, today announced the appointment of
Wayne S. DeVeydt as Chief Executive Officer and member of the Board
of Directors, effective immediately. Mr. DeVeydt succeeds Clifford
Adlerz, who was named as Interim Chief Executive Officer in
September. Mr. Adlerz will maintain his position as a
Director on the Board.
Devin O’Reilly, Chairman of the Company’s Board of Directors,
said, “We are thrilled to welcome Wayne to the Surgery Partners
family. The Board of Directors and I are confident that he is the
right person to lead Surgery Partners into its next phase of
growth. His significant experience and positive track record in
overseeing and integrating large, diversified businesses, coupled
with his strategic vision and strong capital markets and M&A
experience, make Wayne the right leader for Surgery Partners.”
Mr. O’Reilly continued, “On behalf of the entire Board, I would
like to express our gratitude to Cliff for his leadership over the
past few months while we’ve worked diligently to find the best
long-term candidate for the job. His steady hand and commitment to
Surgery Partners and its patients, payors, and providers is
commendable, and we look forward to continuing to draw on his
strategic insights as a colleague on the Board.”
Mr. DeVeydt brings more than twenty years of operational and
strategic experience as well as strong financial oversight and
acumen. For nearly a decade, he served as the Executive Vice
President and Chief Financial Officer of Anthem, Inc., overseeing
the financial operations associated with the company’s over $82
billion in annual revenues. During his tenure at Anthem, he also
held numerous other leadership roles including Chief Strategy
Officer, Chief Accounting Officer, and Chief of Staff to the
Chairman and Chief Executive Officer. Prior to his work at Anthem,
Mr. DeVeydt was a partner with PricewaterhouseCoopers, the
multinational accounting and consulting firm, with a focus on the
managed care and healthcare sector across the United States.
He currently serves on the Board of Directors of NiSource, Inc. and
Myovant Sciences, Ltd. He received a B.S. in business
administration from the University of Missouri in St. Louis.
Mr. DeVeydt stated, “It is an exciting time to join such a
strong, high-growth business that is uniquely positioned to
capitalize on current favorable industry trends. As the
leading independent short stay surgical company, Surgery Partners
is on the right side of the health care equation: higher quality
and lower costs. Having worked on the payor side of the aisle for
over a decade, I look forward to incorporating my experiences and
deploying win-win strategies to benefit patients, physicians, and
payors. I believe there are numerous opportunities to create
meaningful shareholder value over the near and long term. I look
forward to working with the leadership team to achieve operational
improvements, accelerate same-facility case growth, and act on
accretive tuck-in acquisitions that leverage the true earnings
power of a larger, integrated organization.”
Mr. DeVeydt continued, “Furthermore, I’d like to thank Cliff for
his insight and stewardship these past few months, and look forward
to continuing to collaborate with him as a mentor and fellow member
of the Board. I am excited to learn from the entire talented
Surgery Partners team as we work together to capitalize on the many
growth opportunities ahead to create value for all of our
stakeholders.”
About Surgery Partners, Inc.
Headquartered in Brentwood, Tennessee, Surgery Partners is a
leading healthcare services company with a differentiated
outpatient delivery model focused on providing high quality, cost
effective solutions for surgical and related ancillary care in
support of both patients and physicians. Founded in 2004, Surgery
Partners is one of the largest and fastest growing surgical
services businesses in the country, with more than 150 locations in
29 states, including ambulatory surgery centers, surgical
hospitals, a diagnostic laboratory, multi-specialty physician
practices and urgent care facilities.
Forward-Looking Statements
This press release contains forward-looking statements,
including those regarding growth and value creating opportunities,
expectations regarding industry trends and our ability to
capitalize on those trends and other similar statements. These
statements can be identified by the use of words such as
“believes,” “anticipates,” “expects,” “intends,” “plans,”
“continues,” “estimates,” “predicts,” “projects,” “forecasts,” and
similar expressions. All forward looking statements are based
on current expectations and beliefs as of the date of this
release and are subject to risks, uncertainties and assumptions
that could cause actual results to differ materially from those
discussed in, or implied by, the forward-looking statements,
including but not limited to, the risks identified and discussed
from time to time in the Company’s reports filed with the SEC,
including the Company’s Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2017, filed on
November 9, 2017. Except as required by law, the Company
undertakes no obligation to revise or update publicly any
forward-looking statements to reflect events or circumstances after
the date of this report, or to reflect the occurrence of
unanticipated events or circumstances.
Investors:
FTI Consulting(615) 234-8940IR@surgerypartners.com
Media:
FTI Consulting(212)
850-5681surgerypartners@fticonsulting.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/23372238-6c08-4de0-a039-8972df0c6fde
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