BNET Industries
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 McAlisterNumber of Employees 3,100
Peer Companies
NAICS Code Administrative Management and General Management Consulting Services: 541611
Recent Events
-
LifeCare Holdings, Inc. Announces Third Quarter Results
-
LifeCare Hospitals Appoints New Executive Vice President of Operations
-
ALTHA Board of Directors Elects Phillip B. Douglas, President of LifeCare, As Next ALTHA President
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'
-
Beware The Internet Snitch Brigade
-
Who's Behind the Internet Snitch Brigade? (Michelle Malkin)
-
MICHELLE MALKIN: Who's behind the Internet Snitch Brigade?
-
Who's Behind the Internet Snitch Brigade?
Industry Transcripts by Seeking Alpha
-
51jobs Q3 2009 Earnings Call Transcript
on Nov 23, 2009about JOBS
-
NetEase Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NTES
-
Franklin Covey Co. F4Q09 (Qtr End 08/31/09) Earnings Call Transcript
on Nov 16, 2009about FC
-
Cellcom Israel Ltd. Q3 2009 Earnings Call Transcript
on Nov 16, 2009about CEL
-
URS Corporation Q3 2009 Earnings Call Transcript
on Nov 13, 2009about URS


