Henry Amoroso, 50, president and CEO of St. Vincent's Catholic Medical Centers, the New York health system swamped in $700 million in debt, has resigned, effective immediately. Mark Toney, the system's chief restructuring officer, will continue as top executive for St. Vincent's, a spokesman said.
Last week, the system moved to close its
160-year-old Manhattan hospital and has put up for sale its acute-care behavioral health campus, nursing home and other assets.
Amoroso received roughly $1.06 million in compensation for the year that ended in December 2008, the most recent publicly available, and roughly $25,800 in additional compensation, yearly tax filings show. He was named St. Vincent's Catholic Medical Center's chief executive as it
emerged from bankruptcy in mid-2007.
Alfred Smith IV, board chairman for St Vincent's, praised Amoroso's dedication in a news release announcing the executive's departure. “We are grateful for his service and management of the organization over the past several years and truly appreciate the passion and dedication that he brought to the office every day,” he said.
Termination notices have also been issued to the hospital's 3,500 employees, according to a statement from the system.
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