Great Lakes Caring, National Home Health Care and Jordan Health Services have named a new chief financial officer for their freshly merged enterprise.
Eric Slusser is taking over as CFO of the newly combined company, it announced Monday, less than a week after Michigan-based Great Lakes Caring, Connecticut-based National Home Health Care and Texas-based Jordan Health Services officially completed their three-way power move to create one of the largest home-based providers in the country. Among his duties, Slusser will oversee all financial operations to ensure financial integration of the businesses.
The Great Lakes Caring, National Home Health Care and Jordan Health Services combination, first announced on April 10, brings together three market leaders in the personal care services, skilled home health care and hospices spaces. The merged enterprise serves more than 63,000 patients and employs more than 31,000 caregivers across 15 states. Its combined revenues exceed $1 billion annually.
Slusser’s long-term focus as CFO will be to identify and manage growth opportunities, while keeping the company “on sound financial footing,” CEO G. Scott Herman told Home Health Care News via email.
“Being in a position to bring together three award-winning companies, with complimentary geographic footprints and each having its own defined market differentiation, is a once in a lifetime career opportunity,” Herman said. “The entire management team is very pleased to have been able to execute on this transaction with very forward-looking partners, and we are very bullish on the post-integration outlook.”
Slusser most recently served as executive vice president and CFO of Express Scripts, the nation’s largest pharmacy benefit manager. Slusser also served as CFO at Gentiva Health Services, Inc., the home health and hospice business of Kindred Healthcare (NYSE: KND), and held executive roles at Centene Corporation (NYSE: CNC) and Cardinal Health, Inc. (NYSE: CAH).
“[Slusser] has deep health care financial management experience,” Herman said. “He has significant public and private experience, and has run large scale integrations and companies.”
Slusser, a certified public accountant, is an investor in the merged company as well.
The three-way merger shifted several roles in the C-suite of the new enterprise, which does not yet have a unified name. Herman, who was National Home Health Care’s CEO, has maintained that title, while Adam Nielsen, who was CEO of Great Lakes Caring, is now CEO of the merged company’s home health and hospice segment. Jeffrey Fisher, formerly CEO of Jordan Health Services, became chief development officer for the enterprise.
Written by Robert Holly