PE-backed LHP ups Ehrie to CFO: CORRECTION

LHP Hospital Group, which is backed by CCMP Capital Advisors, has promoted John W. Ehrie to executive vice president and chief financial officer. The appointment is effective immediately. Ehrie replaces Mark Miller who recently resigned as CFO. Headquartered in Plano, Texas, LHP is a provider of capital and services for not-for-profit hospitals and hospital systems.

PRESS RELEASE

PLANO, Texas, May 1, 2014 /PRNewswire/ — LHP Hospital Group, Inc. (“LHP”), a privately held company established to provide essential capital and expertise to not-for-profit hospitals and health systems, today announced that John W. Ehrie has been promoted to Executive Vice President and Chief Financial Officer (CFO), effective immediately. He succeeds Mark Miller, who recently resigned from that position.
As CFO, Ehrie will oversee LHP’s corporate finance functions including financial reporting, treasury, controller activities, internal and external audit, and tax. Ehrie will report to John Holland, LHP’s chief executive officer.
“John has demonstrated a deep understanding of both our industry and our company’s unique strategy of partnering with not-for-profit hospitals. He has succeeded in every assignment he has led for LHP and proven himself a sound leader and manager,” said Holland. “He is an outstanding example of the deep talent that exists within this organization, an element we consider critical to our ability to drive growth and efficiency across our business.”
Holland concluded, “We are delighted to promote John into this well-deserved and expanded role, and we look forward to his continued contributions.”
“This is an exciting time at LHP and in our industry,” said Ehrie. “Our unique strategy, coupled with our ability to deliver quality patient care, has positioned LHP for exceptional growth. I look forward to working with John and the entire leadership team to achieve our long term objectives.”
Ehrie joined LHP in November 2012 as vice president of financial planning and analysis, and most recently served as senior vice president of finance, during which time he supported the implementation of strategic financial projects, assisted with the annual budget process and oversaw financial planning and analysis activities. Prior to joining LHP, Ehrie served as senior vice president of accounting and shared services, and vice president and controller for 7-Eleven, Inc. He also served as vice president and controller of Wal-Mart International, chief financial officer of Recall Corporation and Zep, Inc. and was a partner with KPMG.
Ehrie is an attorney and CPA. He holds degrees from the University of Mississippi in Oxford, Miss. and Southern Methodist University in Dallas, Texas.
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 visit www.lhphospitalgroup.com.

(A previous version of this news report stated that Mark Miller recently resigned as CEO of LHP Hospital Group. This is incorrect. He was CFO.)