In what officials at St. Vincent Catholic Medical Centers describe as part of the "natural evolution" of its bankruptcy reorganization, consultants David Speltz and Timothy Weis have left their corporate positions with the New York health system and returned to their healthcare practice at Huron Consulting Group. Richard Boyle, chairman of the St. Vincent board and retired vice chairman of Chase Manhattan Bank, will replace Speltz, serving as interim president and chief executive officer of the health system until a permanent replacement is named, a St. Vincent spokeswoman said. Thomas Allison, a managing director at Huron, is replacing Weis, serving as interim chief financial officer. Huron, which acquired hospital turnaround consultancy Speltz & Weis for $17 million in May, continues to have a consulting relationship with St. Vincent at least through October, the length of the current contract, she said. St. Vincent filed for Chapter 11 bankruptcy protection in July, reporting $1.1 billion in liabilities. -- by Cinda Becker
Restructuring compels leadership change at St. Vincent
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