PIEDMONT HEALTHCARE - Key Persons

Since joining Piedmont Healthcare as president and chief executive officer in May 2013, Kevin Brown has established Piedmont as a leader in clinical and service quality. Through an operating model that places the patient at the center of the organization's decision-making, Piedmont has produced outcomes that rival some of the best in the country. Under Brown's watch, Piedmont has frequently earned more A grades from the Leapfrog Group, a nonprofit industry watch dog that rates hospitals on quality, than any other system in Georgia. Brown has been an advocate of transparency - both in clinical and service quality - helping to educate consumers to make informed healthcare decisions. Piedmont was the second hospital system in the nation to publish unedited patient reviews on physician profiles. Piedmont also has taken steps to improve access to care by expanding service offerings in our communities, including a low-cost virtual care option available anywhere and anytime in the state of Georgia. Since 2013, the Piedmont system has nearly quadrupled in size, now serving over 3.4 million Georgians in more than 1,400 locations across the state. Among other offerings, the system now operates the largest urgent care and retail network in the state of Georgia. The system has also grown from five to 22 hospitals serving markets that represent more than 80 percent of the state's population. During his tenure, net revenues have gone from $1.5 billion to an expected $6.5 billion in FY 2023. Brown brought to Piedmont a culture of stewardship that is now ingrained into the daily operations. As a result, the total cost of operating Piedmont, on a per unit basis, was less prior at the start of the pandemic than when he arrived in 2013. Much of this cost reduction is attributed to dramatic improvements in quality, getting value out of scale, and the elimination of waste through process standardization and re-engineering.

Larry Ebert

Job Titles:

Member of the Hospital Chief Executive Officers Team
CEO, Piedmont Eastside Medical Center

Leigh Hamby

Job Titles:

Chief Medical Officer
Member of the Hospital Chief Executive Officers Team

Len Sapera

Job Titles:

Member of the Piedmont Athens Regional Foundation Board

Levi W. Hill, IV

Job Titles:

Member of the Board of Directors

Lily Henson

Job Titles:

Member of the Hospital Chief Executive Officers Team
CEO, Piedmont Augusta

Lindsey Petrini

Job Titles:

Member of the Hospital Chief Executive Officers Team
CEO, Piedmont Newton

Lori Rakes

Job Titles:

Member of the Hospital Chief Executive Officers Team
CEO, Piedmont Cartersville

Martin Davis

Job Titles:

Member of the Board of Directors

Michael J. Mandl - EVP

Job Titles:

Executive Vice President
Member of the Board of Directors
Member of the Hospital Chief Executive Officers Team
Key Strategic Partner to the System

Michael J. Mandl joined Piedmont Healthcare in March 2018 as the system's executive vice president, responsible for executing Piedmont's strategic agenda and overseeing a broad range of system functions, including corporate development, finance, strategy and planning, real estate, supply chain, government and community affairs, and philanthropy. In this role, he serves as Piedmont's number two executive after the CEO. Mandl's deliberate approach and focus on Piedmont's growth strategy, including its approach to each component of the continuum of care has contributed to the company's delivery of care to communities in which 85% of Georgians reside. During his tenure at Piedmont, Mandl led the restructuring of Piedmont's urgent care partnership with Four Winds Health to create a new joint venture, Piedmont Urgent Care by WellStreet, with Piedmont holding both 50 percent equity and governance rights. Simultaneously, this new joint venture acquired the Summit Urgent Care network and is still growing, creating the largest urgent care network in Georgia. He also led the development of a new partnership with OrthoAtlanta, which includes a professional services agreement (PSA), partial ownership in two surgery centers, and full ownership of MRI and physical therapy services, as well as other strategically important features. In 2020, Mandl spearheaded the formation of a "50/50" joint venture with Encompass Health and currently serves as founding Chairman of the Board for Piedmont Encompass Rehabilitation Hospitals LLC, a statewide JV of comprehensive inpatient rehabilitation facilities. This JV has embarked on an ambitious expansion plan to provide much needed, high quality, comprehensive inpatient rehabilitation services to Piedmont communities across Georgia. Most recently, Mandl led the deal negotiation, due diligence, and bond financing teams for Piedmont's largest acquisition to date - 4 hospitals and associated healthcare clinics, surgery centers and practicing physicians - from HCA in 2021. This acquisition added over 800 beds and nearly 3,500 employees, expanding Piedmont's reach by adding a key Clinical Hub in Macon along with hospitals and healthcare facilities in Cartersville and Gwinnett County. Valued at approximately $950M, this deal was negotiated, financed, and closed within 8 months of the commencement of HCA's divestiture process. The Finance team led by Mandl brought the $1 billion-dollar taxable debt issuance to market in less than 145 days from signing the definitive agreement and 45 days subsequent to closing the purchase transaction. It was the single largest debt issuance in Piedmont's long history and was accomplished while maintaining Piedmont's A1 & AA- bond ratings by Moody's and S&P respectively and lowered Piedmont's overall full debt portfolio total cost of capital by approximately 50 basis points. In addition to leading strategic growth efforts, Mandl has strengthened the focus of the company's strategic planning and corporate development model by integrating the operating entities, physician organization and system offices into a unified team, which has demonstrated its value in expansion, integration, and effectiveness. In doing this, he has instilled a sense of respect and cooperation among the various organizational components of the company and fostered a very effective "operating company" balance between local market "autonomy" and corporate driven strategy and investment. Mandl has been a key strategic partner to the System CEO and entity CEOs in helping steer the company through the COVID crisis. He is currently working with the System CEO and Chief HR Officer to address the extraordinarily challenging labor market, including compensation and an out of balance supply and demand marketplace. Prior to joining Piedmont, Mandl co-founded and served as president and chief executive officer of Mandl & Co., an Atlanta-based business advisory firm dedicated to advancing the mission of universities and medical centers by unlocking asset equity to increase investable resources. He also served as the executive vice president and enterprise chief business officer for Emory University, including Emory Healthcare. At Emory, he oversaw major functions, including finance/investments, information technology, human resources, real estate, campus planning, audit, and business process improvement. Mandl led the executive team charged with re-positioning Emory Healthcare and served as its CEO during an interim period from March 2015 to September 2015. Earlier in his career, Mandl served in executive roles at Duke University, the University of Pennsylvania, Glaxo Pharmaceuticals and KPMG. In addition to his executive roles, Mandl's Board Governance roles have included chairing the Boards of Emory Healthcare, Emory Innovations, Inc., EmTech, and the captive insurance company, Clifton Casualty. Mandl has also served as a board member for The Midtown Alliance, YMCA of Metro Atlanta, Fernbank Museum of Natural History, Georgia State Properties Commission (which required an appointment from the governor) and ZOE International. Mandl earned a master's degree in liberal studies from Duke University and a bachelor's degree with distinction from George Washington University. He and his wife, Nancy, have been married for 36 years. When not in Atlanta, Mike and Nancy like to spend time at their farm in North Carolina and condo on Palm Beach. They are the parents of two adult children (a son and a daughter), who reside in Charlotte, NC and New York City, respectively.