Trends in merger investigations related to the current COVID-19-induced downturn may be too new to fully assess, yet it seems likely that antitrust economists and counsel will reprise several of the challenges faced during the Great Recession. Looking to that period for guidance, this article considers likely developments in healthcare mergers as well as challenges particular to the current pandemic.
Per the 2019 Occupational Employment and Wages Summary, there are 58,310 people working as health care practitioners and in health care technical occupations in the metro area.
After emerging from bankruptcy at the end of last year with a new owner, St. Christopher's Hospital for Children has a new CEO who has been on the job for three months. Donald Mueller, previously CEO at Children's Hospital at Erlanger in Chattanooga, Tennessee, has been at the helm at the North Philadelphia pediatric medical center — now owned by Tower Health And Drexel University — since late July.
Noyes Health has named Mark Prunoske as the new chief financial officer (CFO) for the healthcare system. Prunoske replaces former CFO Jay Maslyn, who retired at the beginning of October after nearly two decades of service.
Stormont Vail Health has announced Peg Burnette as the new senior vice president and chief financial officer. Burnett brings over 16 years of experience as the Chief Financial Officer for Denver Health and Hospital Authority. While in Colorado Burnette was recognized as one of the Top 25 Most Powerful Women in Colorado by the Colorado Women’s Chamber of Commerce.
State health officials are expressing frustration about a lack of federal financial support as they face orders to prepare to receive and distribute the first doses of a coronavirus vaccine by Nov. 15, even though one is not likely to be approved until later this year. The officials say they don’t have enough money to pay for the enormous and complicated undertaking.