Mercy to part ways with CEO Andrea PriceWritten by Staff Reports | | firstname.lastname@example.org
Mercy will part ways with CEO Andrea Price after eliminating her position during a reorganization of its parent company Catholic Health Partners, the health organization announced March 17. Her last day will be March 27.
“Due to the rapidly changing Toledo area market, Catholic Health Partners will be implementing a new leadership structure within Mercy,” said a written statement from Catholic Health Partners. Its efforts aim to “consolidate system-wide functions and services and to continue reorganizing the leadership structures.”
The company describes the changes as “transformational operational and reorganizational changes that address challenges in the healthcare environment nationally and locally.”
In a brief written statement, Price said:
“I understand the changes and challenges facing the healthcare environment and appreciate the kind words expressed by Catholic Health Partners describing my tenure as President and CEO of Mercy,” Price said. “The company and I have reached a mutually agreeable resolution of my employment and I look forward to new endeavors.”
Price came to Mercy in 2009 as chief operating officer and was named CEO in 2010. She has more than 25 years of experience in the health care industry. Before joining Mercy, she was executive vice president and chief operating officer for Sparrow Health System in Lansing. She has also held executive roles at Hurley Medical Center in Flint, Mich., and Children’s National Medical Center in Washington, D.C.
“Every day, the health care industry is on the frontier,” Price told Toledo Free Press in 2012. “I see something wonderful on the other side of reshaping health care.”
Last fall, Becker’s Hospital Review named Price one of its “130 Women Hospital and Health System Leaders to Know.” In 2008, Modern Healthcare Magazine named Price one of its “Top 25 Minority Executives in Healthcare.”
During her tenure at Mercy, Price oversaw many changes, including the construction and opening of the Mercy Willard Hospital replacement facility, the implementation of electronic health record system CarePath, the acquisition of the Defiance Clinic physician group and hospital, the opening of the Mercy Emergency and Diagnostic Center as the area’s first freestanding ER in Perrysburg, the rebranding of Mercy and the establishment of Mercy’s first northern region physician advisory council, according to the release.
“We sincerely thank Andrea for her service. We would like to express our gratitude for the outstanding work she has done for our mission, organization and our patients,” Catholic Health Partners stated in the release. “We are very appreciative of Andrea’s understanding and support during this challenging and changing period. We regret losing her expertise and commitment to our ministry due to our corporate restructuring.”
The seven-hospital Mercy system has more than 7,500 employees, 1,350 medical staff members and $900 million in net revenues, according to its website.