Inspira Health CEO John DiAngelo will retire at the end of the year, the not-for-profit health system announced Monday.
DiAngelo, who joined what was then South Jersey Healthcare in 2000, has been Inspira's chief executive since 2014 and was chief financial officer prior. Inspira was formed in 2012 when South Jersey and Underwood-Memorial Health System merged.
The three-hospital system recently replaced its Woodbury medical center with a $356 million hospital in Mullica Hill, N.J., as well as an adjacent cancer center. Its network has grown from 60 to 150 access points under DiAngelo's tenure, who also helped establish a digitally enabled program for individuals with chronic conditions. Inspira has tasked Korn Ferry with finding a successor.
"It's rare to find an outstanding healthcare leader like John DiAngelo. His unwavering commitment to improving the health of the South Jersey community has positioned Inspira as a regional healthcare leader," Michael McLaughlin, chairman of Inspira's board, said in prepared remarks.
DiAngelo said that he will be forever be grateful to his colleagues and staff for their relentless dedication, support and hard work.
"It's been an honor to be a part of this organization, and I look forward to Inspira Health's continued growth and success," he said in prepared remarks.
Inspira reported $65.5 million in operating income on revenue of $806.8 million in 2018, up from $63.4 million in operating income on revenue of $760.5 million in 2017, according to Modern Healthcare's financial database.
Through the first nine months of 2019, the system reported operating income of $49.9 million on operating revenue of $560.2 million, up from a $49.4 million in operating income on operating revenue of $528.4 million over the prior-year period.