CHS Announces Portacci's Retirement

Nov 17, 2017 at 03:12 pm by Staff


Franklin-based Community Health Systems, Inc. (NYSE: CYH) announced in late October that Division President Michael Portacci will retire Dec. 1, 2017. Portacci oversees Division II Operations, which include affiliated hospitals in Alaska, Arizona, Arkansas, Louisiana, Missouri, New Mexico and Texas. He joined the CHS in 1988 as a hospital CEO and was promoted to group director with oversight for multiple facilities in 1991. Four years later, he was promoted to vice president, and he was named senior vice president of group operations in 2001. Portacci was named to his current position in 2007.

During his nearly 30-year tenure with the company, Portacci has overseen the strategic acquisitions of several hospitals and large multi-specialty clinics, and he was a key member of the integration team in the acquisitions of Triad Hospitals, Inc. and Health Management Associates, Inc.

Commenting on the announcement, CHS Chairman and CEO Wayne T. Smith, said, "Michael has been an accomplished leader and an important member of our management team. His nearly 30-year tenure spans all of our company's major milestones, as well as dynamic changes within the healthcare industry. Michael has always recognized the importance of the local hospital in its community and has a strong record of advocating for quality, safety, and excellent patient care. His impact will continue on through the care provided by the hospitals that have benefitted from his leadership."

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