President and Chief Executive Officer
Mark A, Wallace was appointed President and Chief Executive Officer of Texas Children’s Hospital in 1989 at the age of 36. Under his leadership, Texas Children’s has grown into one of the nation’s largest and most comprehensive pediatric and women’s heath care organizations, garnering more than 3.3 million patient encounters annually and achieving international recognition as a referral center. In 2014, Texas Children’s Hospital was ranked 4th among all children’s hospitals nationwide by U.S. News & World Report.
During Mr. Wallace’s 25-year tenure, he has led Texas Children's successful completion of numerous capital and expansion projects, representing a significant investment in the future of pediatric health care -- a $149 million facilities modernization and development program to add over 1 million square feet of space to the hospital’s campus, including a capital campaign that raised $69.2 million (1991); a $345 million major building expansion program to add an additional 1.2 million square feet and increase the hospital’s licensed bed capacity from 456 to 639 beds, including another capital campaign raising $80 million (2001); and Vision 2010, a $1.5 billion investment in the future of pediatric health care encompassing four ambitious strategic initiatives—expansion of the Feigin Center for pediatric research, The Jan and Dan Duncan Neurological Research Institute, Texas Children's Pavilion for Women, and Texas Children's Hospital West Campus—to add another 2 million square feet of space, including a very successful capital campaign, Heal Sick Children, which totaled $507.6 million, exceeding its $500 million goal (2012).
Most recently, Texas Children’s has embarked on a $475 million capital campaign, Promise: the Campaign for Texas Children’s Hospital, to ensure that the hospital continues to evolve to meet the needs of a growing population, who have a wider spectrum of complex needs and who come from farther away in search of advanced treatment and compassionate care. The Promise Project includes construction of Texas Children’s Hospital The Woodlands, a comprehensive community pediatric hospital, at a cost of $360 million, that will provide the highest quality pediatric care close to home for families in the growing communities north of Houston. It also includes expansion and renovation of the critical, surgical and emergency care services and facilities at Texas Children’s Main Campus, at a cost of $575 million, which will enable the hospital to provide enhanced care for even more of the nation’s sickest children who come to Texas Children’s for the specialized care not available elsewhere.
Mr. Wallace currently serves on the Board of Directors of the CHI St. Luke’s Baylor Medical Center. In May 2015, Mr. Wallace received an Honorary Doctorate of Humanities in Medicine from Baylor College of Medicine. He has also received many other honors and awards for his service to children in Houston, as well as for his leadership and contributions to health care management excellence. These awards include the American College of Healthcare Executives (ACHE) Robert S. Hudgens Memorial Award as the “Young Healthcare Executive of the Year” (1992); the Oklahoma Baptist University’s Alumni Achievement Award (1992); Earl M. Collier Award for Distinguished Healthcare Administration, the highest honor bestowed by the Texas Hospital Association (2005); the Washington University School of Medicine Health Administrations Program’s Distinguished Alumnus award (2006); Houston Leadership Award from the Jewish Institute for National Security Affairs (2009); the Robin Bush Award, recognition by Bo’s Place Houston for making a difference in the lives of children in the Houston Community (2011); and being honored at the Evelyn Rubenstein Jewish Community Center’s Annual Children’s Scholarship Ball (2015).
Prior to joining Texas Children’s Hospital, Mr. Wallace was a senior vice president at The Methodist Hospital in Houston. Mr. Wallace also holds the distinction of being one of the few executives in the country who advanced to fellowship status in the ACHE at the age of 35. He has served twice as president of the Houston chapter.
Mr. Wallace holds degrees from Oklahoma Baptist University and Washington University in St. Louis. He is married to Shannon Baronette Wallace and they have two children, five grandsons and one granddaughter.