Movers & Shakers: New CFOs for Health Dimensions Group, NHI

A pair of companies with presences in the skilled nursing space on Tuesday announced new chief financial officers — with a promotion at a real estate investment trust (REIT) and a retail-industry veteran for a Midwest operator.

The board of National Health Investors (NYSE: NHI) promoted John Spaid to the CFO spot effective this past Friday, the REIT revealed Tuesday; Spaid, who has worked at the Murfreesboro, Tenn.-based NHI since the spring of 2016, had previously served as the REIT’s executive vice president of finance.

Before joining NHI, Spaid had been the senior vice president of financial planning and analysis at Emeritus Senior Living, and also consulted for the REIT on acquisition issues.

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Spaid will retain his EVP title, and receive a salary bump to $250,000, according to a Securities and Exchange Commission (SEC) filing.

NHI also announced the appointment of former controller Ron Reel as the REIT’s new chief accounting officer in the same filing.

As of last December, NHI owned 76 skilled nursing facilities with a total of 9,612 beds, which accounted for 27% of the company’s annual revenue.

Health Dimensions Group adds first-ever CFO

Health Dimensions Group, a Minneapolis-based consulting firm and senior care operator, tapped Robert Specht as its first chief financial officer.

Specht joins the Minneapolis-based HDG from Victra, a chain of about 1,000 authorized Verizon Wireless retail locations where he served as vice president of finance; he had previously spent 12 years in a similar position at sporting goods retailer Gander Mountain.

“Bob is a proven, successful finance executive with the skills and experience to drive results as we expand Health Dimensions Group’s management and consulting services,” CEO Erin Shvetzoff Hennessey said in a statement announcing Specht’s hire. “His expertise, strategic approach and understanding of complex businesses make him a tremendous asset and welcome addition to our organization.”

In addition to providing consulting services, HDG operates senior living and care facilities throughout the country; the firm recently served as the temporary operator of 29 skilled nursing and assisted living properties in the Atrium Health & Senior Living receivership action, which wrapped earlier this month.

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