Even among the laundry list of Middle Tennessee executives 2014 insider trades, this one is a biggie.
Bill Carpenter, chairman and CEO of LifePoint Hospitals, last week slashed his stake in the company by almost 30 percent while exercising a boatload of stock options that would have expired next year and in 2016. In all, Carpenter exercised 125,000 options before selling the resulting shares as well as almost 156,000 others. His total profit on those transactions was more than $11.6 million.
Carpenter, who took the helm at Brentwood-based LifePoint in mid-2006, still owns more than $21 million worth of LifePoint stock, which has climbed (Ticker: LPNT) 8 percent this year.
SEE ALSO: Details of other LifePoint insiders' recent sales
Duke LifePoint Healthcare has turned to industry veteran Jerry Dooley to be interim CEO of Wilson Medical Center in North Carolina. Dooley, who has repeatedly filled a similar role for LifePoint in recent years, replaces Rick Hudson, who has retired following the completion of Duke LifePoint's acquisition of 80 percent of Wilson Medical. Wilson Medical has initiated a national search process for a permanent CEO.
"We are confident that Jerry can successfully lead the transition for Wilson Medical Center as it becomes part of Duke LifePoint's network of hospitals," Bill Carpenter, chairman and CEO of LifePoint, said in a release. "He is a seasoned hospital executive who will be a great addition to the Wilson team until a permanent CEO is named."
The Wilson Medical deal brings Duke LifePoint's North Carolina network of holdings to five. The joint venture has committed to a minimum of $120 million in capital investments at the hospital, east of Raleigh, over the next decade.