Children's Hospital and Touro Infirmary have finalized an agreement that creates a two-hospital system called the Louisiana Children's Medical Center, with Children's top administator Steve Worley serving as chief executive officer. The parent corporation's governing board, which includes members from the existing Children's and Touro boards, also announced the hiring of former Tulane Medical Center executive James Montgomery to lead the Touro campus, which has struggled financially since Hurricane Katrina.