PLANO, Texas, June 15, 2016 /PRNewswire/ — LifeCare Holdings LLC, which operates LifeCare Hospitals, a leading post-acute healthcare company specializing in the treatment of chronically ill and medically complex patients, announces the retirement of Phillip B. Douglas. Effective August 1, 2016, Mr. Douglas will step down as chairman and chief executive officer of the company. Lew Little, a seasoned healthcare leader and entrepreneur recently named to the LifeCare board of directors, will serve as interim CEO while the company conducts a national search for a new chief executive.
“After 10 years of leading our company through tremendous change and growth, it is time for me to turn over this role to someone who is ready to lead LifeCare into the future,” said Douglas. “I am proud of the team at LifeCare and excited for the company as it continues to position itself to compete effectively in the value based healthcare system of tomorrow.”
Mr. Douglas oversaw LifeCare’s substantial growth over the last 10 years, acquiring several facilities and beginning the company’s diversification into a broader array of post acute care services. He is a former board president of the Acute Long Term Care Hospital Association and passionate champion of healthcare quality, best practices and clinical standards. He will remain a senior advisor to LifeCare’s board of directors.
LifeCare, based in Plano, Texas, is a nationally recognized healthcare provider dedicated to maximizing health, healing and recovery across the health care continuum. LifeCare operates long term acute care hospitals and provides non acute care services in nine states. For more information, visit www.lifecare-hospitals.com.
SOURCE LifeCare Holdings LLC