Vice President of Development, USPI

Job Summary

COMPANY BACKGROUND:

Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Our care delivery network includes United Surgical Partners International, the largest ambulatory platform in the country, which operates ambulatory surgery centers and surgical hospitals. We also operate a national portfolio of acute care and specialty hospitals, other outpatient facilities, a network of leading employed physicians and a global business center in Manila, Philippines. Our Conifer Health Solutions subsidiary provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers, and other clients. Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve. For more information, please visit www.tenethealth.comand www.uspi.com.

JOB DESCRIPTION:

The Vice President of Development will be responsible for leading and executing transactions in the ambulatory surgery center space. As a part of this work, developing and cultivating physician practice and health system relationships is key.

The role will be focused on the Mid-Atlantic area; significant travel will be required in order to effectively execute on team initiatives. Creativity, innovation, self-reliance, and an intuitive sense of deal pace and momentum are keys to success in this position. Experience successfully driving small and large M&A transactions will be necessary, with a particular emphasis on familiarity in working within joint venture partnership models.

An understanding of the regulatory context of the Healthcare industry is also needed, as is a sound understanding of contracts and comfort level partnering with counsel to help drive opportunities to closure.

Responsibilities

RESPONSIBILITIES AND EXPECTATIONS

• Lead process for and execute on key strategic transactions; develop and guide due diligence and negotiations for new opportunities.
• Develop and maintain a robust M&A pipeline management process.
• Foster and maintain relationships with USPI's potential and existing health system and physician partners.
• Develop and prepare short-term and long-range development plans and budgets based on corporate goals and objectives and recommends their adoption to members of the Executive Team.
• Partner with business leaders before, during and after the M&A processes, to ensure the deals make strategic sense, fit with forward-looking business plans, and are integrated smoothly and fully optimized.
• Interface and communicate effectively with all company departments.
• Evaluate general and specific business conditions and keep executive team informed on these matters, as well as participate with other Executives in developing strategy and corporate objectives and plans for their achievement, including key investment criteria and thresholds.
• Direct and organize activities to achieve or exceed budgeted results and other financial criteria to enhance the growth and value of the company.
• Ensure post-acquisition synergies and expected performance targets are met during and after the business integration period.

Qualifications

REQUIRED SKILLS:

QUALIFICATIONS

• Bachelor's Degree from a top-tier university and an MBA or relevant graduate degree is preferred.
• Extensive experience investing in and working with healthcare services organizations whose recognition and reputation for excellence and quality place them at or near the top of the healthcare delivery system.
• Strong operational and negotiating skills with the ability to understand and define markets. Courage and openness in seeking input and counsel from various sources without abdicating responsibility for timely and forceful decision making.
• Represent the organization at all times. Be supportive of other managers and set an example of high personal and professional conduct and integrity for employees and others.
• Ability to identify strategic priorities and drive them to completion.
• Strong decision-making capabilities with the understanding of inherent risks and the implications of decisions and the courage to commit appropriate resources within the context of the strategy.
• Willingness to challenge the status quo by encouraging openness to new ideas and aggressively changing existing strategies, current structures, systems and processes to better utilize resources and take advantage of opportunities.
• Embrace collaborative leadership style; ability to seek input and counsel from a wide constituency, without losing decisiveness or the ability to take action and inspire others to action, as appropriate.
• Up to 50% travel required - Selected candidate will be required to pass a Motor Vehicle Records check.

Compensation

• Base pay: $160,576 - $256,256 annually. Compensation depends on location, qualifications, and experience.
• Position may be eligible for an Annual Incentive Plan bonus of 10%-50% depending on role level.
• Management level positions may be eligible for sign-on and relocation bonuses.

Benefits

The following benefits are available, subject to employment status:

• Medical, dental, vision, disability, AD&D, and life insurance
• Manager Time Off - 20 days per year
• Discretionary 401k match
• 10 paid holidays per year
• Health savings accounts, healthcare & dependent flexible spending accounts
• Voluntary benefits include pet insurance, legal insurance, accident and critical illness insurance, long term care, elder & childcare, auto & home insurance.
• For Colorado employees, paid leave in accordance with Colorado's Healthy Families and Workplaces Act is available.

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