Senior Management and Board of Directors

Senior Management and Board of Directors

Senior Management

John W. McRoberts
Chief Executive Officer and Chairman
Mr. McRoberts has served as Chief Executive Officer and Chairman of MedEquities’ board of directors since the formation of the company. He has more than 30 years of experience in financing, acquiring, and disposing of healthcare-related, income producing real estate properties. He also has founded, acquired, expanded and monetized several healthcare service and related companies.

Mr. McRoberts was a co-founder, President and CEO of Capstone, a NYSE listed healthcare REIT. Subsequently, he was co-founder, President and CEO of MeadowBrook Healthcare, Inc., an inpatient rehabilitation and long term acute care provider, and later he acquired a controlling interest in Care First, Inc., a Birmingham, Alabama-based provider of home health and hospice services.

Prior to his affiliation with Capstone, Mr. McRoberts spent 16 years with AmSouth Bank (now Regions Corp), based in Birmingham, Alabama, where he served in several management and investment committee capacities related to commercial and healthcare lending.
William C. Harlan
President and Chief Operating Officer
Mr. Harlan has nearly 30 years of experience in directly managing the financing, acquisition, and disposition of healthcare-related, income-producing real estate properties and multi-property portfolios located across the United States. He also has been heavily involved in capital formation, corporate finance, and executive management with several healthcare-related service companies and healthcare REITs.

Mr. Harlan was a co-founder, executive vice president and head of acquisitions and finance of Capstone, a Birmingham, Alabama-based, healthcare REIT. In 2003, he founded Healthcare Capital Investors, LLC, a healthcare real estate advisory and investment company.

Mr. Harlan spent almost 20 years with SouthTrust Bank in Birmingham, where he was a member of senior management and sat on several loan committees. He founded SouthTrust’s Healthcare Finance Division and completed more than $2.5 billion in aggregate loan transactions, representing over 200 healthcare projects nationwide.
Jeffery C. Walraven
Executive Vice President and Chief Financial Officer
Mr. Walraven has a quarter-century of experience, including 22 years in public accounting, serving many public REIT clients since 1999. Before the establishment of MedEquities, he held several positions with BDO USA, LLP; most recently, he was an assurance managing partner of the Memphis, Tennessee, office, where his primary responsibilities included providing core and peripheral assurance services and business operational and tax consulting services. Mr. Walraven worked extensively with publicly traded companies on all aspects of compliance with Securities Act and Exchange Act filings. He has had engagement partner responsibility for numerous public and private securities offerings by REITs and other clients, including initial public offerings, secondary offerings and private placements. Mr. Walraven is a licensed Certified Public Accountant in Tennessee and Florida.
Forrest G. Gardner
Senior Vice President of Asset and Investment Management
Mr. Gardner, who has been part of MedEquities since 2014, is responsible for evaluating the daily asset management of the company’s investments, overseeing third-party property management and leasing, monitoring property performance and overseeing due diligence for investments.

Prior to joining the company, Mr. Gardner in 2006 co-founded Ambulatory Services of America, Inc. (ASA). During his tenure, he served as Vice President of Finance, Controller and Chief Financial Officer of a primary operating subsidiary of ASA. Previously he had served as Vice President, Finance for Renal Care Group, Inc., a specialized dialysis company serving 32,000 patients across a 34-state network.
Michael Hammill
Senior Vice President of Finance & Capital Markets
Mr. Hammill joined MedEquities in May 2015. In addition to leading our financing and capital markets efforts, his other responsibilities include financial modeling and forecasting, investor relations, due diligence, and underwriting. Prior to joining MedEquities, Mr. Hammill held various positions of increasing responsibility in the areas of real estate, finance, and credit.

Previously, he served as a Vice President in Investment Banking at FBR Capital Markets & Co. where he advised clients on a full range of capital markets and M&A advisory services within the Real Estate and Financial Institutions industries. Prior to investment banking, he held positions at the Federal Reserve Bank of Atlanta where he focused on credit risks within the financial industry.

Mr. Hammill holds a Master of Business Administration and Bachelor of Science degree in Economics from The Pennsylvania State University.
David L. Travis
Senior Vice President and Chief Accounting Officer
Mr. Travis has served as the company’s Senior Vice President and Chief Accounting Officer since August 2014. He has nearly two decades years of accounting experience and is a Certified Public Accountant. Before joining MedEquities, Mr. Travis served as the Senior Vice President and Chief Accounting Officer of Healthcare Realty Trust Incorporated. From 1996 through 2006, Mr. Travis was an accountant with Ernst & Young LLP, ultimately serving as Audit Senior Manager.

Board of Directors

Randall L. Churchey
Independent Director
Mr. Churchey has served as a director since the completion of the initial private placement in July 2014. He has served as President, Chief Executive Officer and chairman of the board of directors of Education Realty Trust, Inc.

Mr. Churchey is also the founder and Co-Chairman of the board of directors of MCR Development, LLC, a private hotel construction, ownership and management company. He has served as a member of the board of directors of Great Wolf Resorts, Inc., a public indoor water park resort company; as President and Chief Executive Officer and a member of the board of directors of Golden Gate National Senior Care (the successor to Beverly Enterprises); and as President and Chief Operating Officer and as a director of RFS Hotel Investors, Inc., a NYSE-listed hotel REIT. Earlier in his career, he served on the Board of Trustees of Innkeepers USA Trust, a publicly traded REIT, and as Senior Vice President and Chief Financial Officer of FelCor Lodging Trust, Inc., a NYSE-listed hotel REIT.

Mr. Churchey joined the board of governors of the National Association of Real Estate Investment Trusts in November 2013.
John N. Foy
Independent Director
Mr. Foy has served as a director since the completion of the initial private placement in July 2014. Previously, he served as Vice Chairman of the Board of Directors and Treasurer of CBL, a real estate investment trust.

Mr. Foy has been involved in the shopping center industry since 1968, when he joined the Lebovitz family’s shopping center development business. In 1970, he became affiliated with the shopping center division of Arlen Realty & Development Corp., and, in 1978, joined Charles B. Lebovitz in establishing CBL’s predecessor.

Upon his retirement from CBL in 2012, Mr. Foy formed a group of companies specializing in various industries, including business strategy and consulting, wealth management, capital investing, real estate development and healthcare. He is Chairman, Chief Executive Officer and owner of Noon LLC, and Chairman of Noon Management, LLC, a private equity company headquartered in Chattanooga.
Steven I. Geringer
Independent Director
Mr. Geringer has served as a director since August 2015. He is currently a Senior Advisor to Alvarez & Marsal, having previously served as Managing Director & Co-Practice Leader-Healthcare Industry Private Equity. Mr. Geringer has extensive experience on the boards of public companies, most notably with Amsurg, where he has been Chairman of the Board since June 2009 and a director since March 1997, and as a director of Addus HomeCare Corp. He is also Chairman of Imedex; a director of WoundCare Specialists and Stratasan; and has served as Chief Executive Officer and a director of InfuScience, Inc. He was a founder and Chairman of Qualifacts Systems until its sale in 2014, and Chairman and Operating Partner of CredenceHealth until its sale in 2011.

Mr. Geringer also serves on the Executives Council of Cressey & Co., a private equity firm investing exclusively in healthcare businesses.
Stephen L. Guillard
Independent Director
Mr. Guillard, a director since August 2015, is a consultant in the long-term care and post-acute sectors. Previously, Mr. Guillard served as an Executive Vice President, the Chief Operating Officer and a member of the board of directors of HCR ManorCare, an Ohio-based healthcare company. He also served as Chairman and Chief Executive Officer of Harborside Healthcare, a Boston-based, post-acute services firm.

Mr. Guillard was a founding member of the Alliance for Quality Nursing Home Care and has served as Chairman of this coalition at various times. He is a director of Trilogy Investors, LLC, a Louisville-based owner and operator of senior healthcare campuses, and previously served on the boards of naviHealth, Inc., and Health Management Associates.
William C. Harlan
President and Chief Operating Officer
Mr. Harlan has nearly 30 years of experience in directly managing the financing, acquisition, and disposition of healthcare-related, income-producing real estate properties and multi-property portfolios located across the United States. He also has been heavily involved in capital formation, corporate finance, and executive management with several healthcare-related service companies and healthcare REITs.

Mr. Harlan was a co-founder, executive vice president and head of acquisitions and finance of Capstone, a Birmingham, Alabama-based, healthcare REIT. In 2003, he founded Healthcare Capital Investors, LLC, a healthcare real estate advisory and investment company.

Mr. Harlan spent almost 20 years with SouthTrust Bank in Birmingham, where he was a member of senior management and sat on several loan committees. He founded SouthTrust’s Healthcare Finance Division and completed more than $2.5 billion in aggregate loan transactions, representing over 200 healthcare projects nationwide.
Elliott Mandelbaum
Independent Director
Mr. Mandelbaum has served as a director since July 2014. He manages certain BlueMountain joint ventures in healthcare related real estate investments. Prior to assuming responsibility for the healthcare facilities joint ventures, he was a portfolio manager at BlueMountain focused on structured corporate and commercial real estate strategies. Previously, he served as a Vice President in the Investment Banking Division of MESA Securities, Inc., where he led many of the firm’s structured financing transactions. He also has worked within the Investment Banking Division at Goldman, Sachs & Co., where he advised corporate clients on their financing needs with a particular focus on structured finance markets, originating securities and loans collateralized by insurance, real estate and intellectual property assets.
John W. McRoberts
Chief Executive Officer and Chairman
Mr. McRoberts has served as Chief Executive Officer and Chairman of MedEquities’ board of directors since the formation of the company. He has more than 30 years of experience in financing, acquiring, and disposing of healthcare-related, income producing real estate properties. He also has founded, acquired, expanded and monetized several healthcare service and related companies.

Mr. McRoberts was a co-founder, President and CEO of Capstone, a NYSE listed healthcare REIT. Subsequently, he was co-founder, President and CEO of MeadowBrook Healthcare, Inc., an inpatient rehabilitation and long term acute care provider, and later he acquired a controlling interest in Care First, Inc., a Birmingham, Alabama-based provider of home health and hospice services.

Prior to his affiliation with Capstone, Mr. McRoberts spent 16 years with AmSouth Bank (now Regions Corp), based in Birmingham, Alabama, where he served in several management and investment committee capacities related to commercial and healthcare lending.
Stuart C. McWhorter
Independent Director
Mr. McWhorter has served as a director since July 2014. He is Chairman and Chief Executive Officer of the Nashville Entrepreneur Center and co-founder of Clayton Associates, which invests in healthcare and technology companies. He also serves on the Investment Committee of Bullpen Ventures and Advisory Board of FCA Venture Partners and Rolling Hills Ventures.

Previously, Mr. McWhorter served as Chairman and Chief Executive Officer of Medical Reimbursements of America and was a founding member of OrthoLink Physicians Corporation, where he served as Vice President of Managed Care, and later as Vice President of Acquisitions. He also served in various operating roles with Brookwood Medical Center, a Tenet-owned hospital system in Birmingham, Alabama. Mr. McWhorter serves on the board of directors for Haven Behavioral Healthcare, FirstBank of Tennessee and Medical Reimbursements of America, where he also serves as Chairman.