Community Healthcare CEO Tim Wallace dies

  • He has been in the position of CEO at Community Healthcare for nine years
  • Search for a successor

(exechange) — Franklin, Tennessee, March 6, 2023 — Tim Wallace, chief executive of Community Healthcare, has died. Community Healthcare announced his death on Friday, March 3, 2023. Timothy G. (Tim) Wallace has been in the role of Chief Executive Officer at Community Healthcare Trust Incorporated for nine years.

Community Healthcare will undertake a search for a successor.

“Passed away”

Community Healthcare stated: “Timothy G. Wallace, Chairman of the Board, Chief Executive Officer and President of the Company, passed away on March¬†3, 2023.”

In the position of CEO since 2014

Tim Wallace became CEO of the Company in 2014.

Wallace served as the Company’s Chairman, Chief Executive Officer and President since the formation of the Company in March 2014.

Prior to founding the Company, from 2003 to 2014, Wallace was co-founder, President and majority owner of Athena Funding Partners, LLC and related entities which were established in 2002 to provide financing solutions to the higher education industry for on-campus student housing facilities mostly in rural areas.

From 1993 to 2002, Wallace was a co-founder and Executive Vice President of Healthcare Realty Trust (NYSE: HR) (“HR”).

Between HR’s initial public offering in 1993 and his departure from HR in 2002, Wallace was integral in helping to grow HR from $2,000 to over $2 billion in asset value.

Wallace remained as a paid consultant to HR and was subject to a non-compete until 2008.

Wallace was a senior manager at Ernst & Young from 1988 to 1993.

Wallace began his career in 1980 with Arthur Andersen & Co.

Push-out Score not determined

When the reason for the departure is death, a Push-out Score is not determined.

Read the full story in the exechange report 11.2023 ($).