Take the money and run. Bon Secours Health System tries to cut its losses by clearing out of the Garden State altogether.
In 2000, Bon Secours Health System began a growth spurt that added eight hospitals, spreading its operations across nine states. But now it's a different story; since last November the system has announced plans or deals to sell facilities in Florida and Virginia, and leave New Jersey entirely. Incoming CEO Richard Statuto, left, faces a handful of challenges. "We need to determine how effective they've been at right-sizing their organization," a Standard & Poor's analyst says.
Evans
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D002410:Catholicism; D005377:Financial Management, Hospital; D005431:Florida; D005607:Fraud / Q000331:legislation & jurisprudence; D006271:Health Facility Closure / Q000191:economics*; D016519:Hospitals, Religious / Q000191:economics* / Q000458:organization & administration; D007182:Income / Q000639:trends; D009096:Multi-Institutional Systems / Q000191:economics* / Q000458:organization & administration; D009515:New Jersey; D014768:Virginia