LHP Hospital Group, which is backed by CCMP Capital Advisors, said Monday that it has named Mark Miller as executive vice president and CFO, effective July 29, 2013. In his new role, Miller will lead LHP’s corporate finance unit. Miller replaces William J. Hibbitt, who is retiring. Headquartered in Plano, Texas, LHP Hospital Group is a provider of resources to not-for-profit hospitals and health systems.
PLANO, Texas–(BUSINESS WIRE)–LHP Hospital Group, Inc. (“LHP”), a privately held healthcare leader established to provide essential capital and expertise to not-for-profit hospitals and health systems, today announced that Mark Miller has been appointed Executive Vice President and Chief Financial Officer (CFO) effective July 29, 2013. Mr. Miller will lead LHP’s corporate finance function, having responsibility for accounting, financial planning, and analysis; operating and capital budgets; tax matters; and banking and lender relationships. Mr. Miller replaces LHP’s former Executive Vice President and Chief Financial Officer, William J. Hibbitt, who is retiring.
“Mark brings a wealth of experience to our team and his leadership, knowledge and his proven track record with public and private companies alike will be invaluable as we expand our joint venture model across the country”
Miller most recently served as Executive Vice President and Chief Financial Officer of Sabre Holdings, where he had worked since 1995 in positions of increasing responsibility. Prior finance-related work experience included The Hertz Corporation, LTV Corporation, and Ernst & Young.
“Mark brings a wealth of experience to our team and his leadership, knowledge and his proven track record with public and private companies alike will be invaluable as we expand our joint venture model across the country,” said Dan Moen, LHP Chief Executive Officer. “Importantly as well, Mark is a strong and experienced financial leader who shares our culture and values. We look forward to his contributions.”
Moen concluded, “On behalf of the entire organization, I also want to thank Bill for his work over the years. We will miss him, but certainly understand his decision to retire and enjoy all his many years of hard work.”
Miller added, “I am honored to join LHP- a distinguished organization that possesses a unique strategy in partnering with not-for-profit-hospitals. The LHP management team has an excellent reputation for collaboration and innovation in the healthcare industry and is very well-positioned for future growth. I look forward to working with my new colleagues in the corporate office and at the hospitals to deliver the best possible patient care and safety to the communities we serve.”
Miller, a CPA, received an Accounting degree from Texas Tech University and an MBA in Finance from Rice University. He and his wife, Audrey, live in Southlake, TX with their two daughters.
About LHP Hospital Group, Inc.
LHP Hospital Group, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not-for-profit hospitals and hospital systems. In cooperation with local hospitals, LHP forms joint ventures to acquire, own, operate and manage acute care facilities in small cities and select urban markets throughout the United States. Headquartered in Plano, Texas, LHP is owned by affiliates of the private equity firm CCMP Capital Advisors, LLC and the CPP Investment Board as well as certain members of management and the board of directors. For more information, please go to www.lhphospitalgroup.com.
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