BNET Industries

LifeCare Management Services LLC

is in the Business Services Industry

Last Fiscal Year Sales:$351.9M
  • Private
  • US
Dow Jones Description

We began operations in 1993 and have grown our business through developing and acquiring hospitals to become a leading operator of long-term acute care (LTAC) hospitals in the United States. As of March 31, 2009, we operated 20 hospitals located in 10 states, consisting of nine hospital within a hospital facilities (29% of beds) and 11 freestanding facilities (71% of beds). Through these 20 long-term acute care hospitals, we operate a total of 1,079 licensed beds and employ approximately 3,200 people, the majority of whom are registered or licensed nurses and respiratory therapists. We believe we have developed a reputation for excellence in providing treatment for patients with complex medical needs requiring extended treatment. Our patients have serious medical conditions such as respiratory failure, chronic pulmonary disease, nervous system disorders, infectious diseases and severe wounds. They generally require a high level of monitoring and specialized care, yet may not require the continued services of an intensive care unit. Due to their serious medical conditions, our patients are generally not clinically appropriate for admission to a skilled nursing facility or inpatient rehabilitation facility. By combining general acute care services with a focus on long-term treatment, we believe that our hospitals provide medically complex patients with better and more cost-effective outcomes.

Chairman & CEO
G Wayne McAlister
Number of Employees 3,100
Contact Information

5560 Tennyson Pkwy

Plano, Texas 75024-3532

www.lifecare-ho...

(469) 241-2100

NAICS Code Administrative Management and General Management Consulting Services: 541611

Recent Events

  • LifeCare Holdings, Inc. Announces Third Quarter Results

    11/13/09 - Financial Announcement - View Story

  • LifeCare Hospitals Appoints New Executive Vice President of Operations

    10/15/09 - Mgmt. Change Entering - Vice President - View Story

  • ALTHA Board of Directors Elects Phillip B. Douglas, President of LifeCare, As Next ALTHA President

    10/05/09 - Mgmt. Change Entering - President - View Story

Decision Makers

Name (plus bio) Position
Wayne McAlister President
Chris Walker CFO
Jim Shelton Executive Vice President and Chief Financial Officer
Mary Stephens Cco
Rick Stockton CFO
Catherine Conner Senior Vice President of Human Resources
Grant B. Asay Senior Vice President of Regional Hospital Operations
Judy Hogan Senior Vice President of Clinical Services
Chris Corrigan Corporate Counsel & Vice President Compliance
Diane H. Partridge Vice President, Marketing
Connie Hawley Director, HR
Daniel Crocker Director
Ellen Causey Director, HR
Kathryn Fite Director, HR
Kaylene Reeves Director, Development
Leslie Draper Director, Development
Lora Mangum Senior Director, Business Dev
Lynn Henry Director, Development
Marland Henderson Director, HR
Michael Troiano Director, HR
T. Brian Callister National Medical Director
David Tupper Administrator
Kevin Cooper Administrator

Board of Directors

Name (plus bio) Position
G Wayne McAlister Chairman & CEO
Eric J Edell Board of Directors
Karen H Bechtel Board of Directors
Stephen H. Wise Board of Directors
W Robert Dahl Board of Directors
Walter Jin Board of Directors
Wayne D. Smith Board of Directors
Wayne T. Smith Board of Directors
William H McMullan Jr Board of Directors
William P Johnston Board of Directors

Organization Position Status
LifeCare Management Services LLC Chairman & CEO Current

G. Wayne McAlister has served as Chairman and Chief Executive Officer since April 15, 2008. From January 14, 2008 until April 15, 2008, Mr. McAlister served as Director, President, and Chief Executive Officer. Prior to joining LifeCare, he was Senior Vice President of Triad Hospitals, Inc. and a Division President of a large group of its hospitals, where he was responsible for development, management and financial operations, since 1999.

Organization Position Status
LifeCare Management Services LLC President Current
LifeCare Management Services LLC Chairman & CEO Current
Charter Medical, Ltd. Vice President of Operations Former
Oklahoma University Bachelor of Science Degree In Pharmacy Former

Chris Walker has served as Senior Vice President - Chief Accounting Officer and Treasurer since 1997. Prior to joining LifeCare, he worked as a Certified Public Accountant with KPMG LLP from 1991 until 1997.

Organization Position Status
LifeCare Management Services LLC CFO Current
Lifecare, Inc. Current
LifeCare Management Services LLC Board of Directors Current
LifeCare Management Services LLC Senior Vice President Former

Organization Position Status
LifeCare Management Services LLC Executive Vice President and Chief Financial Officer Current
LifeCare Management Services LLC Controller Former

Organization Position Status
LifeCare Management Services LLC Cco Current

Organization Position Status
LifeCare Management Services LLC CFO Current

Organization Position Status
LifeCare Management Services LLC Senior Vice President of Human Resources Current
Lifecare, Inc. Current
Rehab Designs, Inc. Vice President of Human Resources Former
Applebee's International, Inc. Executive Director of Strategic Staffing Former
Applebees Executive Director Former
Applebee's International, Inc. Director Former

Organization Position Status
LifeCare Management Services LLC Senior Vice President of Regional Hospital Operations Current
Select Medical Corporation Regional Director Former

Organization Position Status
LifeCare Management Services LLC Senior Vice President of Clinical Services Current
Lifecare, Inc. Current
LifeCare Management Services LLC Vice President of Clinical Services Former
Kindred Healthcare, Inc. Regional Director of Clinical Operations Former
Kindred Hospital - Dallas Director of Quality Management Former

Organization Position Status
LifeCare Management Services LLC Corporate Counsel & Vice President Compliance Current
Indiana University School of Law Former

Organization Position Status
LifeCare Management Services LLC Vice President, Marketing Current
University of Kentucky Bachelor's Degree In Business and Marketing Former

Organization Position Status
LifeCare Management Services LLC Director, HR Current

Organization Position Status
LifeCare Management Services LLC Director Current
LifeCare Management Services LLC Director Former

Organization Position Status
LifeCare Management Services LLC Director, HR Current

Organization Position Status
LifeCare Management Services LLC Director, HR Current

Organization Position Status
LifeCare Management Services LLC Director, Development Current

Organization Position Status
LifeCare Management Services LLC Director, Development Current

Organization Position Status
LifeCare Management Services LLC Senior Director, Business Dev Current

Organization Position Status
LifeCare Management Services LLC Director, Development Current

Organization Position Status
LifeCare Management Services LLC Director, HR Current

Organization Position Status
LifeCare Management Services LLC Director, HR Current

Organization Position Status
LifeCare Management Services LLC National Medical Director Current
University of Nevada Assistant Professor of Medicine Current
Nevada State Medical Association Treasurer Current
St. Mary's Regional Medical Center Board Member Current
St. Mary's Regional Medical Center Chief of Staff Former
University of Utah School of Medicine M.D. Former
Stanford University Degree In Economics Former

Organization Position Status
LifeCare Management Services LLC Administrator Current

Organization Position Status
LifeCare Management Services LLC Administrator Current

Organization Position Status
Carlyle Holding Corporation Current
LifeCare Management Services LLC Board of Directors Current
University of Pennsylvania member of Phi Beta Kappa Former
The Goldman Sachs Group, Inc. Analyst Former
The Goldman Sachs Group, Inc. Analyst Former
Spectrum Equity Investors Associate Former
University of Pennsylvania B.A Former

Karen H. Bechtel has served as a director since August 2005 and Chairman from August 2007 until April 2008. Ms. Bechtel is a Managing Director of The Carlyle Group and head of the U.S. buyout group that focuses on opportunities in the healthcare sector. Previously, Ms. Bechtel was a Managing Director of Morgan Stanley s Private Equity Group, where she was a member of the investment committee. From 1993 to 1997, Ms. Bechtel was Co-head of the Strategic Finance Group. She was also a founder and head of Princes Gate Private Equity Investors, a $650.0 million bridge equity fund.

Organization Position Status
LifeCare Management Services LLC Board of Directors Current

Stephen H. Wise has served as a director since July 2006. Mr. Wise is a Principal of The Carlyle Group focused on U.S. buyout investments in the healthcare industry. Prior to joining Carlyle, Mr. Wise worked with JLL Partners where he focused on health care related investments. Previously he worked with J. W. Childs, a private equity firm, and prior to that worked in the leverage finance group of Credit Suisse First Boston.

Organization Position Status
LifeCare Management Services LLC Board of Directors Current
JLL Partners, Inc. Healthcare, Related Investments Former
J.W. Childs Associates, L.P. NA Former
Harvard Business School M.B.A. Former
Bucknell University B.A. in Economics and Finance Former

Organization Position Status
LifeCare Management Services LLC Board of Directors Current

Organization Position Status
InteliStaf Healthcare, Inc. Board Observer Current
MedPointe Pharmacuticals Board Observer Current
Reable Therapeutics, Inc. Director Current
LifeCare Management Services LLC Board of Directors Current
Salomon Brothers Investment Banking Division Former
Insight Health Services Holdings Corp. Board Observer Former
Connecticare, Inc. Board Observer Former
PRA International Inc. Board Observer Former
Empi, Inc. Board Observer Former
MediMedia USA, Inc. Investor Former
Vasca, Inc. Investor Former
InteliStaf Healthcare, Inc. Investor Former
LifeCare Management Services LLC Investor Former
Harvard University B.A. Former

Organization Position Status
Forstmann Little & Co. Partner Current
Americanhospitals.Com Chairman Current
Citadel Broadcasting Company Chairman Current
Nashville Health Care Council Chairman Current
Praxair Inc. Chair, Governance & Nominating Committee Current
Almost Family, Inc. Director Current
LifeCare Management Services LLC Board of Directors Current
Council Ventures, LP Board of Directors Current
Community Health Systems, Inc. Chief Executive Officer Former
Community Health Systems, Inc. President Former
Humana Inc. President Former
Humana Inc. Chief Operating Officer Former
Community Health Systems, Inc. Chairman Former
Citadel Broadcasting Company Director Former
Community Health Systems, Inc. Board Member Former
Nashville Health Care Council Director Former
Humana Inc. Board Member Former
Praxair Inc. Board of Directors Former
Trinity University Master of Science In Healthcare Administration Former
Auburn University Master of Science Former
Auburn University Bachelor of Science Former

Since Wayne Smith’s arrival in 1997, CHS has grown from $742 million in net revenue to over $10.8 billion in 2008 net revenue. This represents a compound annual growth rate of 28 percent— the strongest record of revenue growth in the industry. For the last six years, Mr. Smith has been selected by the readers of Modern Healthcare Magazine as one of the "100 Most Powerful People in Healthcare". When Mr. Smith was recruited as Community Health Systems, Inc.'s president and CEO, he brought more than 20 years of healthcare industry experience to the company. He was named Chairman of the Board of Community Health Systems, Inc. in February 2001. Prior to joining CHS, Smith was with Humana, Inc. for 23 years where held a variety of senior management positions including president and Chief Operating Officer. He also was a member of Humana, Inc.'s Board of Directors from 1993 to mid-1996. He currently serves on the Board of Directors of Praxair, Inc., Citadel Broadcasting Corporation, the Nashville Healthcare Council (2006 & 2007 Chairman) and the Federation of American Hospitals (2003 Chairman). Before joining Humana in 1973, Smith spent four years as a Captain in the U.S. Army Medical Services Corps. Mr. Smith holds both a bachelor of science and Master of Science from Auburn University and a master of science in healthcare administration from Trinity University. He studied at the King's Fund College of Hospital Administration in London, England.

Organization Position Status
Community Health Systems, Inc. Chairman Current
LifeCare Management Services LLC Board of Directors Current
Almost Family, Inc. Director Current
Spheris Inc. Board of Directors Former

Organization Position Status
LifeCare Management Services LLC Board of Directors Current

Organization Position Status
LifeCare Management Services LLC Board of Directors Current
Cogent Health Care, Inc. Interim Chief Executive Officer Former

Executive News

  • Nashville health care leaders among 'most powerful'

    Nashville Business Journal - 8/24/09 - View Story

  • Beware The Internet Snitch Brigade

    Daily News-Record - 8/12/09 - View Story

  • Who's Behind the Internet Snitch Brigade? (Michelle Malkin)

    Yahoo! News - 8/09/09 - View Story

  • MICHELLE MALKIN: Who's behind the Internet Snitch Brigade?

    Register Citizen - 8/08/09 - View Story

  • Who's Behind the Internet Snitch Brigade?

    Human Events Online - 8/08/09 - View Story

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