Steven M. Cavanaugh (2022)
Steven Cavanaugh was appointed to the The University of Toledo Board by the governor in April 2014. He currently serves as Executive Vice President and Chief Operating Officer of HCR ManorCare. He also serves as a member of the company’s Board of Directors. HCR ManorCare is a post-acute health care services company that operates skilled nursing facilities, assisted living facilities, home health and hospice agencies and outpatient rehabilitation clinics with annual revenues in excess of $4 billion. The company does business in over 500 locations nationwide and employs nearly 60,000 employees who provide care to over 200,000 patients annually. In his capacity as Chief Operating Officer. Cavanaugh has oversight responsibility for all of the company’s day to day operations as well as the company’s public policy and government relations activities.
Prior to being named Chief Operating Officer in 2011, Cavanaugh served as Chief Financial
Officer for the company beginning in 2006. As Chief Financial Officer, he had responsibility
for accounting, financial services, tax, treasury, internal auditing, reimbursement,
purchasing, corporate communications, investor relations and information services.
Cavanaugh joined the company in 1993, advancing through a series of financial and strategic planning positions before being elected Vice President, Director of Corporate Development, in 1999. In this position, he provided executive leadership for all merger, acquisition and external development activities of the company, and also led the company’s strategic planning and budgeting functions. In addition, he was general manager of the company’s inpatient and outpatient rehabilitation operations for three years prior to being named Chief Financial Officer.
Cavanaugh earned a bachelor’s degree in finance, magna cum laude, from The University of Toledo and a master’s degree in business administration with honors from the University of Michigan. A native of Cuyahoga Falls, Ohio, he is Chairman of the Business Advisory Council for The University of Toledo College of Business and former Treasurer of The University of Toledo Foundation. Cavanaugh and his wife Tiffany reside in Holland, Ohio. They are the proud parents of daughter Claire and expect their second child in May.