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IASIS Healthcare Hires Senior Vice President Of Business Development.

FRANKLIN, Tenn. -- IASIS Healthcare[R] LLC ("IASIS") today named James "Jay" Hoffman as its senior vice president of business development, effective immediately.

Hoffman will oversee all activities related to mergers, acquisitions, divestures and other development transactions involving the 16-facility hospital company. He will report to IASIS President Carl Whitmer.

"Jay's knowledge of the healthcare industry and experience with a variety of transactions will be a tremendous asset as we execute our growth strategies," said Whitmer. "We are pleased with Jay's decision to join our team and look forward to his involvement with growing the company."

Hoffman has more than 28 years of healthcare development experience. Prior to joining IASIS, he served in similar roles for two other hospital companies - most recently as the senior vice president of development for Signature Hospital Corporation, headquartered in Houston, Texas, and previously as the vice president of acquisitions and divestures for Hospital Corporation of America, which operates 163 hospitals and 105 freestanding surgery centers. Hoffman also has experience as a general partner with three venture capital funds, where he managed and directed numerous healthcare investments and transactions.

Hoffman earned a master of business administration in finance from Vanderbilt University and a bachelor of arts in economics from Swarthmore College.

IASIS, located in Franklin, Tennessee, is a leading owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. The Company operates its hospitals with a strong community focus by offering and developing healthcare services targeted to the needs of the markets it serves, promoting strong relationships with physicians and working with local managed care plans. IASIS owns or leases 15 acute care hospital facilities and one behavioral health hospital facility with a total of 2,884 beds in service and has total annual net revenue of approximately $2.5 billion. These hospital facilities are located in six regions: Salt Lake City, Utah; Phoenix, Arizona; Tampa-St. Petersburg, Florida; three cities in Texas, including San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. IASIS also owns and operates a Medicaid and Medicare managed health plan in Phoenix that serves more than 199,000 members. For more information on IASIS, please visit the Company's Web site at www.iasishealthcare.com.
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Publication:Business Wire
Date:Jun 21, 2010
Words:366
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