Former Province Healthcare execs Dan Slipkovich and Tom Anderson team with Chicago-based investment firm GTCR to launch Capella Healthcare as a rural hospital company.

The company’s cofounders have a vision to bring clinical, operational and financial expertise to community hospitals to make a positive difference in the local health care environment. Its first four acquisitions, completed in November 2005, show Capella’s plans for a broad geographical reach by including a hospital in Jasper, Tenn., as well as one in Olympia, Wash.