* After an 11-month search, RehabCare Group, St. Louis, looked no further than its interim president and CEO-John Short-to be its permanent president and CEO, replacing Alan Henderson, who retired in June 2003.
Short, 59, has been pursuing an aggressive strategy of acquisitions and partnerships while trying to return the post-acute-care provider to its former profitability and growth.
Along with announcing Short's appointment, RehabCare says it had acquired for $5 million in cash a healthcare management consulting firm, Phase 2 Consulting, in which Short was a managing partner and majority shareholder.
Since the beginning of 2004, RehabCare has announced a $14 million deal to buy American VitalCare, a company that operates specialty recovery units; an agreement to buy the assets of the neurological rehabilitation and research unit of the University of California Los Angeles Medical Center; and the purchase for undisclosed terms of certain assets of a contract therapy provider.
RehabCare lost $13.7 million on operating revenue of $539 million in 2003.
* Hospital management company QHR has fired Richard Mikkelson from his post as CFO at 25-bed Shoshone Medical Center in Kellogg, Idaho, for allegedly stealing hospital funds.
Mikkelson confessed his involvement in the theft to Shosone County police, says county Sheriff Chuck Reynalds. Formal criminal charges were to be filed late last week. Reynalds said the investigation is ongoing but Mikkelson appears to have stolen about $50,000.
John Johnson, a regional vice president at Plano, Texas-based QHR who oversees the hospital, discovered financial irregularities during a routine audit and confronted Mikkelson. He says Mikkelson admitted taking the money but would not say why. "It was kind of a shock, I'm sure, when I brought it to his attention."
Mikkelson did not return calls for comment.
Bryan Brooks, an interim CFO at Shoshone several years ago, has been brought in again as interim CFO. He has been CFO at Defiance (Ohio) Medical Center.