CFO Jeffrey Sherman: Guiding the Financial Strategy of LifePoint Hospitals
For the past three-plus years, CFO Jeffrey Sherman has led the financial operations of Brentwood, Tenn.-based LifePoint Hospitals — the fourth-largest for-profit hospital operator in the country.
Mr. Sherman has led the executive team in fiscal strategy, which resulted in Fitch Ratings awarding LifePoint with a "BB" issuer default rating, one of the highest among the for-profit hospital companies.
Financial metrics have also remained very positive under Mr. Sherman's CFO tenure. As of June 30, 2012, LifePoint had total liquidity of $492.3 million, EBITDA of $557.4 million in the past 12 months and $3.46 billion of net revenue in the past 12 months.
Before joining LifePoint, Mr. Sherman was vice president and treasurer of Dallas-based Tenet Healthcare, another major for-profit hospital operator. While there, he oversaw all aspects of corporate finance, cash flow management, risk management and capital structure.
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