Veteran hospital executive Arnold Kimmel became CEO of Franciscan Alliance's two hospitals south of Chicago today, tasked with turning around the fortunes of the struggling facilities as they continues to hunt for an acquisition partner.
Kimmel's most recent stint with a hospital was at Blue Island, Ill.-based MetroSouth Medical Center, where he was CEO until late 2009.
That hospital was sold to Nashville-based Community Health Systems in 2012 for about $40 million.
Kimmel, who had been working as a consultant, also has served as top executive at Oak Park Hospital and St. Joseph Hospital on Chicago's North Side.
Franciscan St. James "is a health system with a proud history," he said in a statement. "I am eager to roll up my sleeves and get busy. We have a great deal of work to do."
Kimmel started in his new post today, replacing Seth Warren. It was not immediately clear whether Warren remains with Franciscan St. James or its Mishawaka, Ind.-based parent.
St. James Chicago Heights, with 312 beds, posted $117.8 million in combined inpatient and outpatient revenue in 2012, down 9 percent from $129.8 million in 2011, according to the Illinois Department of Public Health (PDF).
Sister hospital St. James Olympia Fields, with 158 beds, recorded about $122.2 million in inpatient and outpatient revenue in the same year, down 7% from $130.9 million in 2011.
In September, the two hospitals cut about 125 employees. The reductions were announced about three months after Franciscan Alliance said it was putting the two facilities up for sale.
A spokesman confirmed today that the hospitals remained on the block.
The institutions are the only Illinois locations for Franciscan Alliance, which operates 11 hospitals in Indiana and in 2012 netted $79.8 million in operating income on $2.63 billion in revenue.Kimmel named CEO of St. James hospitals originally appeared on the Crain's Chicago Business website.