After six months without a chief executive officer, four-hospital Baptist Health System named Shane Spees as president and CEO.
Spees, who will start with Birmingham, Ala.-based Baptist on Feb. 1, will inherit a system that weathered tumultuous years under his predecessor, Beth OBrien, a former nurse.
During her 2½-year tenure, which ended in June, OBrien slashed Baptists operations with a string of divestures, including five hospitals, five medical office buildings, a fitness center and a skilled-nursing home.
The turnaround left Baptist smaller, but profitable, the systems most recent financial statements show.
Baptists losses mounted from 2002 to 2004, when the system lost $37.3 million in the year ended June 30. In 2005, Baptist posted a slight profit of $4.8 million. In 2006, net income soared to $63.5 million, according to statements.
For Spees, 36, the efficiency, focus and cash generated by the turnaround has positioned the system to invest in its core hospital business, he said. Baptist went through restructuring out of necessity, he said.
Spees joins Baptist from two-hospital Valley Baptist Hospital Holdings in Harlingen, Texas, where he was named president in November. Prior to that, he held a variety of administrative and executive jobs at six-hospital Memorial Hermann Healthcare System. Once at Baptist, Spees said his priorities will be to listen, to learn and to keep Baptists strategic plan on track.
OBrien announced her retirement from Baptist Health in February of last year, and stepped down in June. She was hired by Navigant Consulting and through that was assigned the role of interim CEO at 283-bed Enloe Medical Center, Chico, Calif.,
in late July.