FRANKLIN, Tenn.--(BUSINESS WIRE)--IASIS Healthcare® LLC (“IASIS”), a leading provider and manager of high-quality, affordable healthcare services, today announced the appointment of Thomas C. Geiser to the Board of Directors of its parent company, IASIS Healthcare Corporation.
Geiser has served as a senior advisor to TPG, IASIS’ majority owner, since 2006. Prior to that, he was the executive vice president and general counsel for WellPoint Health Networks Inc., where he was responsible for the company’s legal, legislative and regulatory affairs in all 50 states and served as its principal contact with state and federal regulators. Before joining WellPoint, Geiser was an attorney with Brobeck, Phleger & Harrison LLP, a private law practice in San Francisco.
“We are pleased to have Tom join our Board of Directors,” said IASIS Healthcare President and Chief Executive Officer Carl Whitmer. “His extensive expertise in managed care will be a tremendous asset as we continue to evolve as an integrated healthcare services company that manages patient care.”
The appointment of Geiser expands the size of the IASIS board from 10 to 11 members. Mr. Geiser also serves on the Boards of Directors of Surgical Care Affiliates, Inc., Novasom, Inc., and the Library Foundation of Los Angeles.
IASIS Healthcare, located in Franklin, Tennessee, is a leading provider and manager of high-quality, affordable healthcare services in urban and suburban markets. With total annual net revenue of approximately $2.4 billion, IASIS owns and operates 16 acute care hospitals, one behavioral health hospital, several outpatient service facilities, more than 145 physician clinics, and Health Choice, a provider-owned, managed care organization and insurer delivering healthcare services to more than 179,000 members through multiple health plans, integrated delivery systems and managed care solutions. IASIS offers a variety of access points for convenient patient care in numerous regions across the U.S., including: Salt Lake City, Utah; Phoenix, Arizona; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.
Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2013, and other filings with the Securities and Exchange Commission.
Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that our objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.