NASHVILLE, Tenn.--(BUSINESS WIRE)--Ardent Health Services today announced the appointment of Alfred Lumsdaine as chief financial officer (CFO), effective August 30, 2021.
Lumsdaine is an experienced health care finance leader, having most recently served as executive vice president and CFO of Quorum Health Corporation. In this role, he oversaw financial operations for the company’s 22 acute care hospitals and led a major financial restructuring and other strategic initiatives that significantly reduced the company’s debt and improved its financial position.
“Alfred is a seasoned financial leader with a strong track record of creating value for patients, employees and shareholders alike,” said Ardent President and Chief Executive Officer Marty Bonick. “His experience leading health care organizations through significant financial events will be an asset to our future growth plans. We are delighted to welcome him to our leadership team.”
Prior to joining Quorum Health in 2018, Lumsdaine was president of Population Health for Sharecare and spent five years as CFO for Tivity Health (formerly known as Healthways) prior to its acquisition by Sharecare. He began his career at Ernst & Young where he spent more than eight years in the external audit practice with a focus on healthcare. A Certified Public Accountant (CPA), Lumsdaine earned both an undergraduate and a master’s degree in accounting from the University of Tennessee.
“Ardent is an outstanding organization that is well-positioned for continued growth and success and I’m honored to join the team at such an important time,” Lumsdaine said. “I look forward to working closely with Marty and other leaders to execute on Ardent’s growth goals and support continued reinvestment in the company’s hospitals, clinics and caregivers.”
Lumsdaine will succeed Clint Adams, who is stepping down after 18 years with Ardent, including a decade as CFO.
“We are grateful to Clint for his strong leadership and dedication to Ardent over the past two decades,” Bonick said. “He has played a key role in the company’s growth and created a strong financial foundation on which we will continue to build.”
About Ardent Health Services
Ardent Health Services invests in people, technology, facilities and communities, focusing on evidence-based practices to improve quality care and patient outcomes. Based in Nashville, Tennessee, Ardent’s subsidiaries operate 30 acute care hospitals, including one managed hospital, two rehabilitation hospitals and two surgical hospitals, in six states. Ardent is owned by an affiliate of Equity Group Investments (EGI), a Chicago-based private investment firm; Ventas, Inc. (NYSE: VTR), a publicly traded real estate investment trust; and current and former members of Ardent’s executive management team.