On the eve of an antitrust trial challenging its proposed merger with a competitor, Cape Coral (Fla.) Hospital trustees last week fired five top executives of the 201-bed hospital for undisclosed reasons.
Four of the executives also resigned from the hospital's board.
The hospital said it would provide more information in two to four weeks.
The hospital said it "terminated" J. Michael Ward, chief executive officer; Daniel Edgar, chief operating officer; Jay Murphy, chief financial officer; Harvey Rollings, general counsel; and James A. McDaniel, a facility administrator.
Earlier this year, Cape Coral agreed to merge with 602-bed Lee Memorial Hospital, Fort Myers. That merger, however, has been challenged by the FTC.
Last month, two national credit-rating agencies said they were reviewing Cape Coral's debt because of profitability declines (May 30, p. 15). In addition, the Fort Myers News Press recently reported possible impropriety among other board members from business deals in which the hospital lost more than $100,000.