Tenet Healthcare Corp. named Sun Park as its next chief financial officer, effective Jan. 1.
Park will serve as executive vice president from July 11 through Dec. 31 before transitioning to the CFO role, the Dallas-based for-profit system said in a Friday news release. Since 2018, Park served as executive vice president and group CFO for pharmaceutical distribution and strategic global sourcing at AmerisourceBergen. He joined AmerisourceBergen in 2012 to lead the pharmaceutical giant's strategy and development.
Park replaces Daniel Cancelmi, who announced in January his retirement at the end of this year. Cancelmi, who became CFO in 2012, joined Tenet about 30 years ago.
In April, Tenet reported a strong start to the year with first-quarter net income of $143 million, or $1.32 per share, compared with $140 million, or $1.28 per share, in the year-ago period. The system raised its 2023 financial outlook for adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, by $50 million.
