Ardent Health Services President & CEO Announces Retirement from Company
February 20 2020 - 5:30PM
Business Wire
David T. Vandewater, 30+ Year Healthcare
Veteran, Departing Ardent in 2020
David T. Vandewater, President and Chief Executive Officer (CEO)
of Ardent Health Services, has announced his plans to retire from
the company in 2020. He will remain as President and CEO until a
successor is named.
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Ardent Health Services President &
CEO David T. Vandewater announces retirement from company in 2020
(Photo: Business Wire)
Vandewater joined the company as chairman of Behavioral
Healthcare Corporation, Ardent’s predecessor company, in February
2001. Later that year, he was appointed president and chief
executive officer and expanded the company’s focus to include acute
care hospitals and healthcare systems. Ardent has become the third
largest private investor-owned healthcare company in the United
States with 30 hospitals in six states, 26,000 employees, nearly
1,400 employed providers and over $4.4 billion in revenue.
Russell Reynolds has been retained to support the search efforts
for a successor. “I look forward to a new beginning while remaining
committed to Ardent’s purpose of caring for others,” said David T.
Vandewater, President and CEO of Ardent Health Services. “Having
doubled the size of the company in a three-year period is a
testament to our unique partnership business model with leading
academic health centers and not-for-profit health systems.” Ardent
has successfully implemented joint ventures with the University of
Texas System, Seton Healthcare Family System, UNM Health System,
The University of Kansas Health System, Portneuf Health, and
Hackensack Meridian Health.
Mr. Vandewater added, “We have built a great team with
exceptional leadership and talent throughout the organization, and
we continue to foster a culture that enables our dedicated staff to
deliver compassionate and quality care to patients.”
Vandewater holds a Master’s degree in healthcare administration
and has served in a variety of executive healthcare positions. He
serves on the board of directors and is a past chairman of the
Federation of American Hospitals, which represents investor-owned
and managed community hospitals and health systems throughout the
U.S. He currently serves on the boards of Springstone, Inc., U.S.
Anesthesia Partners, Inc. (USAP), and The Harpeth Hall School.
Vandewater also served on the Health Care Systems Governing Council
of the American Hospital Association (AHA).
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 own and operate 30 hospitals in six states
with more than 26,000 employees including nearly 1,400 employed
providers. Twelve Ardent hospitals were recognized by Modern
Healthcare as "Best Places to Work" in 2019 - the twelfth
consecutive year an Ardent facility made this list. Ardent
facilities also exceed national averages in Overall Hospital
Quality Star Rating as ranked by the Centers for Medicare &
Medicaid Services; 88 percent of its hospitals received a
three-star rating or above in comparison with 71 percent of all
hospitals ranked.
Ardent operations are owned by an affiliate of Equity Group
Investments (EGI), a Chicago-based private investment firm; Ventas,
Inc., a leading real estate investment trust; and members of
Ardent's executive management team. For more information, visit
www.ardenthealth.com.
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Susan Hassell Ardent Health Services (615) 296.3392