Ex-CMS chief Tavenner joins LifePoint Hospitals board

April 17, 2015 at 08:48 AM
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(Bloomberg) — Marilyn Tavenner, who resigned as head of the Centers for Medicare & Medicaid Services (CMS) earlier this year, is returning to the hospital industry.

Tavenner is joining the board of LifePoint Hospitals Inc. (Nasdaq:LPNT), which operates more than 60 hospitals in 21 states. Before she began state government work in 2006, Tavenner had worked at the largest for-profit hospital chain, HCA Holdings Inc. (NYSE:HCA), for 25 years.

"Marilyn brings an unparalleled understanding of the health-care industry and the evolving regulatory environment," LifePoint Chief Executive Officer William F. Carpenter said in a statement.

Before joining CMS in 2010, Tavenner had been Virginia's Secretary of Health and Human Services since 2006. At CMS, Tavenner oversaw the difficult introduction of Obamacare as well as its recovery.

LifePoint paid its non-employee directors about $300,000 in cash and stock in 2013, according to the company's 2014 proxy filing.

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