The head of one of Chicago's largest safety net hospital networks is retiring.
Alan Channing, president and CEO of Sinai Health System, announced Wednesday that he will step down from his position, effective July 1.
During his 10 years as CEO, Channing oversaw the transformation of Sinai from a once struggling system on the brink of closing into one of the country's leading safety net health networks.
“It has been an honor and privilege to serve patients and the community,” Channing said in a written release. “Sinai has a strong leadership team and dedicated caregivers who will carry on our mission and vision. I am proud of what we have accomplished together in my time here and I know that Sinai is well positioned to be successful in the future.”
In 2013, Sinai, founded by Jewish immigrants in 1919, made headlines when it acquired historically Catholic institution Holy Cross Hospital to create a not-for-profit health network estimated to generate annual revenues of more than $500 million.