South suburban community hospital Little Company of Mary announced the retirements of its CEO and chief financial officer, weeks after a merger with Rush health system was called off.
According to a memo to staff from hospital board chair Sharon Walsh, CEO Dennis Reilly and CFO Randy Ruther will leave their positions on July 1 and Sept. 30, respectively.
Reilly has served as CEO of Little Company for 17 years. Ruther has been CFO of Little Company for 22 years.
"While the anticipated timeline for completing our hospital affiliation has now changed, Dennis' own retirement plans will remain as scheduled," Walsh wrote in the memo. The hospital now is seeking their successors, the memo said.
Rush, a three-hospital network, and Little Company, a small community hospital in south suburban Evergreen Park, announced their intention to combine in October. The plan was called off in April. It's not clear why the union fell apart.
Walsh, Reilly and Ruther were not available for comment.
"Little Company of Mary Hospital leaders are leaving" was originally published in Crain's Chicago Business.