Catholic Health Initiatives of Englewood, Colo., and its affiliate, St. Vincent Health System in Little Rock, says it will lay off 91 employees from its operations in Arkansas. Seventy-four employees will be laid off from its hospital in Hot Springs, 14 total in its hospitals in Little Rock and North Little Rock and three from its Morrilton location, Peter Banko, president and CEO, told Arkansas Business Thursday afternoon.
Seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.
The fifth annual UALR Fribourgh Award Fundraiser honored Peter Banko, president and CEO of St. Vincent Health System. Sponsored by the UALR College of Science, the event was held at the Governor’s Mansion and benefited the UALR College of Science Leadership Endowed Scholarship Fund.
The Conway Regional Health System Board of Directors says it plans to enter into "exclusive strategic affiliation discussions" with St. Vincent Health System of Little Rock, an affiliate of Catholic Health Initiatives.
Catholic Health Initiatives of Englewood, Colo., and its affiliate, St. Vincent Health System in Little Rock, say they have completed their purchase of Mercy Hot Springs' hospital and physician clinic.
Though Jeff and Christine Gardner have their hands full with three sons and 14,000 Windstream employees, they always make time to give back to their community. Jeff serves on the board of directors at Arkansas Children’s Hospital and the auxiliary board of the University of Arkansas for Medical Sciences. This year, the Gardners chair St. Vincent Foundation’s annual IV Party.
April 1 is the target date to officially announce that Mercy Hot Springs hospital and physician clinic has been sold to Catholic Health Initiatives and its affiliate, St. Vincent Health System in Little Rock.
Angie Longing will serve as the executive director of nursing at St. Vincent Infirmary Medical Center in Little Rock. Longing, a board-certified nurse executive, was previously executive director of nursing at St. Vincent North and St. Vincent Morrilton.
You may recall that back in January it was reported that Catholic Health Initiatives of Denver, the parent company of St. Vincent Health System of Little Rock, was in talks to buy some or all of QualChoice of Little Rock.
In this week's Arkansas Business/THV 11 News "Week in Review," we look back on what could be the largest Medicare fraud in Arkansas history, Wal-Mart's capital expenditure plans for the next fiscal year, a hospital deal in Hot Springs, new jobs in Forrest City and a pack of Arkansas public company earnings.
Mercy Health of Chesterfield, Mo., and Catholic Health Initiatives sign a non-binding letter of intent to sell Mercy Hot Springs hospital and physician clinic to CHI and its affiliate, St. Vincent Health System in Little Rock.
On the annual checkup of hospitals, 34 out of the 88 hospitals on this year’s list — 38 percent — reported losing money, which is slightly higher than last year’s list, which showed 35 percent of the hospitals losing money.