AdaptHealth Corp, a provider of healthcare-at-home solutions including CPAP and BiPAP equipment, has appointed Crispin Teufel as CEO. Teufel is expected to assume the role on Sept. 1.
Teufel, 47, has served as CEO of Lincare Holdings Inc, a provider of in-home respiratory care, since July 2017. Previously, Teufel served as chief financial officer of Lincare from 2013 to 2019 and as a finance director for Linde Engineering in Germany from 2011 to 2013. Prior to joining Linde in 2005, Teufel began his career with financial roles at PWC and Arthur Andersen.
Teufel currently serves on the board of directors of Bellerophon Therapeutics, a clinical-stage biotherapeutics company, and as chairman of the board of the German American Chamber of Commerce of the South. Teufel holds an MBA in economics from Ruhr University Bochum, Germany, and is a certified public accountant and German tax advisor.
“We are quite pleased to be announcing the appointment of Crispin Teufel as the next chief executive Officer of AdaptHealth,” says Richard Barasch, chairman of the board, in a release. “Crispin is the ideal candidate to lead AdaptHealth in its mission to transform care by keeping patients healthy in their homes. We are fortunate to have found such an experienced executive with deep industry understanding and a proven track record of success. The board and I are confident that he will lead this organization to future success.”
Teufel says in a release, “AdaptHealth has established itself as a leader in the industry, and I am honored to be assuming the role of CEO at this pivotal time as the company enters the next era of at-home care. Together with the entire Adapt team and board of directors, I look forward to leveraging my expertise in the space to foster innovation and deliver value to the company’s customers and stakeholders.”
As previously announced, current CEO Stephen Griggs will step down effective June 30, and Barasch will serve as interim CEO until Teufel joins the company. Barasch will remain chairman of the board for AdaptHealth and will provide support through the transition.
Photo caption: Crispin Teufel