Ken DeFurio, who served as president and CEO of Butler Health System, will lead the new organization formed by the merger of Butler and Excela Health in Pensylvania, Trib Live reports.
The merger was final as of Jan. 1.
John Sphon, who was CEO of Excela Health, plans to retire in March. He will remain in an advisory capacity for several months, and then serve as a trustee of the new health system.
The merger between the two systems, anticipated to bring in more than $1 billion in revenue, was announced June 1 with a letter of intent. The definitive agreement for the transaction was signed in November and sent with other documentation to the state and federal government for review.
The new system is projected to employ approximately 7,300 people, have more than 1,000 physicians and practitioners, and serve a population of 750,000. Read more.
