Vanguard Health Systems, Inc. (ticker: VHS, exchange: NYSE Archipelago Exchange (.N))
News Release -
Vanguard Health Systems Appoints Carol Burt to Board of Directors
NASHVILLE, TN, Oct 11, 2011 (MARKETWIRE via COMTEX) --
Vanguard Health Systems, Inc. (NYSE: VHS) announced that Carol J.
Burt has joined the Company's Board of Directors.
"We look forward to Carol's contributions as a member of Vanguard
Health Systems' Board of Directors," said Charlie Martin, Vanguard's
Chairman and CEO. "Vanguard is very focused on innovation and growth.
We believe Carol's insight and experience will be extremely valuable
in guiding us in the years ahead."
Ms. Burt is a principal of Burt-Hilliard Investments, a private
investment and consulting service to the health care industry, with
30 years of experience in operations, strategy, corporate finance,
and investment banking. She currently serves on the boards of
WellCare Health Plans, Inc. and Emergency Medical Services
Corporation and previously served on the board of directors of
Transitional Hospitals Corporation.
Prior to founding Burt-Hilliard Investments, from 1997 to 2007, Ms.
Burt served as a member of the executive team that built WellPoint,
Inc. into one of the country's leading health benefits companies. She
retired from WellPoint as Senior Vice President, Corporate Finance
and Development. Ms. Burt was also Senior Vice President Finance and
Treasurer at American Medical Response. Her responsibilities included
establishing the merger and acquisitions function, and overseeing the
insurance, finance, and treasury functions. Ms. Burt spent 16 years
at Chase Securities, Inc. (now JP Morgan), most recently as Managing
Director and head of the Health Care Investment Banking Group.
Ms. Burt graduated magna cum laude from the University of Houston
where she earned a Bachelor of Business Administration with a major
in finance and a minor in accounting. In addition, she has completed
advanced studies in business, finance, strategy, and leadership
through various universities, including Rutgers Graduate School of
Management, Darden Graduate School of Business, and the University of
Chicago Graduate School of Business.
About Vanguard Health Systems www.vanguardhealth.com
and operates 28 acute care and specialty hospitals and complementary
facilities and services in metropolitan Chicago, Illinois;
metropolitan Phoenix, Arizona; metropolitan Detroit, Michigan; San
Antonio, Texas; Harlingen and Brownsville, Texas; and Worcester and
metropolitan Boston, Massachusetts. Vanguard's strategy is to develop
locally branded, comprehensive healthcare delivery networks in urban
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that
are intended to qualify for the safe harbor protections from
liability provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those statements that are based
upon management's current plans and expectations as opposed to
historical and current facts and are often identified by use of words
including but not limited to "may," "believe," "will," "project,"
"expect," "estimate," "anticipate," and "plan." These statements are
based upon estimates and assumptions made by Vanguard's management
that, although believed to be reasonable, are subject to numerous
factors, risks and uncertainties that could cause actual outcomes and
results to be materially different from those expressed in any
forward-looking statements. These factors, risks and uncertainties
are more fully described in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for the
year ended June 30, 2011, our Quarterly Reports on Form 10-Q, and
periodic reports on Form 8-K. As a result of these factors, risks and
uncertainties, readers are cautioned not to place undue reliance on
any forward-looking statements. Vanguard undertakes no obligation to
revise or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
Chief Accounting Officer
Vanguard Health Systems
Phone: (615) 665-6098
SOURCE: Vanguard Health Systems, Inc.