California Hospital Aims for Merger After CEO, CFO Resign

El Centro (Calif.) Regional Medical Center is looking to a merger to stay afloat after its acting CEO and CFO resigned, Becker’s reports. 

Two managing directors from Nashville, Tenn.-based consulting firm Healthcare Management Partners were serving as the hospital’s top executives — until the firm issued a termination notice on Jan. 14, and both leaders stepped down. 

The hospital has been struggling financially and recently cut its maternal and child health inpatient services. 

At a Jan. 24 county roundtable meeting, Tomás Oliva — chair of the hospital’s board of trustees and a councilmember for the city of El Centro — shared a plan to alleviate financial pressures at El Centro and the nearby Pioneer Memorial Hospital in Brawley, Calif. 

Mr. Oliva believes the hospitals should join together to create a single county healthcare district. Damon Sorensen, CEO of Pioneer Memorial Hospital, expressed interest but specified El Centro would have to solve its own financial woes. Read more.

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