St. Vincent Catholic Medical Centers, New York, named Guy Sansone, managing director at turnaround firm Alvarez & Marsal, as its CEO and chief restructuring officer. U.S. Bankruptcy Court approved Sansone's appointment Oct. 28 and the appointment of Martin McGahan, also from Alvarez & Marsal, as St. Vincent's CFO.
Sansone has served as CEO, chief restructuring officer and other positions at numerous hospitals and health systems, most notably as interim CFO at HealthSouth Corp.
McGahan has more than 15 years experience at publicly traded and private healthcare organizations.
Six-hospital St. Vincent filed for bankruptcy protection in July.
Martin Brotman, president and CEO of Sutter Health's California Pacific Medical Center, San Francisco, was appointed to head the turnaround of Sutter's financially struggling St. Luke's Hospital, also in San Francisco. The not-for-profit hospitals agreed to merge in September in an attempt to keep St. Luke's from closing amid mounting losses. Brotman is leaving one hospital in the midst of a strike for another threatened by a labor dispute by the Service Employees International Union. California Pacific workers walked out nearly two months ago. At St. Luke's, an SEIU strike is set for Nov. 14.
The merger will likely turn St. Luke's into a campus of California Pacific. Brotman, who led a successful turnaround at once-failing California Pacific a decade ago, will serve as interim CEO at St. Luke's until the merger is completed. He replaces John Williams, who is leaving St. Luke's for a separate division at Sutter, a St. Luke's spokesman said.
St. Luke's, which was acquired by Sutter Health in 2001, lost $21 million last year and is expected to lose about $26 million this year. California Pacific earned $113 million in 2003, the most recent year for which data are available.
Sutter has said the merger could take up to a year. It must first be approved by the state attorney general.
Two top administrators at Innovis Health are leaving, marking the fifth time in the hospital's five years that a onetime chief executive is departing, the Associated Press reports. Linda O'Halloran, vice president of patient care, and Stacie Heiden, CFO and former interim CEO, are resigning, says board chairman Tim Mahoney. He says the women are leaving for personal reasons and not because of tension at Innovis.