St. Vincent Cuts 50 Positions As It Trims $12M From Budget

by Mark Friedman  on Tuesday, Nov. 20, 2012 5:59 pm  

St. Vincent Health System CEO Peter Banko said the labor costs would save St. Vincent about $2.5 million.

St. Vincent Health System laid off 29 employees last week and another 21 positions have been eliminated through attrition in an attempt to cut $12 million from its budget. St. Vincent CEO Peter Banko says the cuts won't affect partnership talks with the University of Arkansas for Medical Sciences.

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