Trinity Health CEO Swedish Resigns; Board Names Warren Interim CEO
LIVONIA, Mich., Feb. 12, 2013
LIVONIA, Mich., Feb. 12, 2013 /PRNewswire-USNewswire/ -- Trinity Health
announced today that President and Chief Executive Officer Joseph R. Swedish
will leave the organization next month to become the CEO of WellPoint in
Indianapolis, Indiana, and the Trinity Health Board of Directors named Board
member Larry Warren to be interim CEO.
Swedish is working with the Trinity Health Board and the executive team to
ensure a smooth transition. Warren, a Trinity Health Board member since July
2011, is the former CEO of Howard University Hospital and former CEO of
University of Michigan Hospital.
"Joe has been a visionary leader for Trinity Health and an unrelenting
advocate for our mission, and we wish him all the best in his new role," said
Sister Mary Mollison, CSA, Chair of the Trinity Health Board of Directors. "We
are fortunate to have an exemplary leadership team and a strong, engaged Board
to ensure we stay on our strategy – positioning Trinity Health for the future
through clinical excellence, community benefit and steadfast financial
stewardship. Trinity Health and Catholic Health East remain committed to our
consolidation, and we are continuing forward to integrate our organizations
and close the consolidation this year."
Swedish has been CEO since December 2004. Under his leadership, Trinity
Health revenues increased from $5.7 billion in 2005 to $8.9 billion in 2012,
and total assets increased from $7.5 billion to $11.7 billion. The
organization's community benefit ministry, which includes care for the poor
and community heath activity, increased from $265 million in 2005 to $615
million in 2012.
"Trinity Health is a progressive and dynamic ministry, and it has been my
honor to help pursue its mission for eight years," Swedish said. "I thank the
entire Trinity Health team for their tireless commitment to healing the body,
mind and spirit of people everywhere, and for working together to unify our
ministry for a stronger future."
About Trinity Health
Trinity Health is the 10th largest health system in the nation and the fourth
largest Catholic health care system in the country, by total number of
hospitals and total bed count, respectively. Based in Livonia, Mich., Trinity
Health operates 47 acute-care hospitals, 432 outpatient facilities, 32
long-term care facilities, and numerous home health offices and hospice
programs in 10 states. Employing about 56,000 full-time staff, Trinity Health
reports about $9.0 billion in unrestricted revenue. As a not-for-profit health
system, Trinity Health reinvests its profits back into the community through
programs to serve those who are poor and uninsured, manage chronic conditions
like diabetes, health education and promotion initiatives, and outreach for
the elderly. In fiscal 2012, this included more than $616 million in such
community benefits. For more information about Trinity Health, visit
www.trinity-health.org, follow @TrinityHealthMI on Twitter, or become a fan of
the Trinity Health Facebook page at www.facebook.com/trinityhealth.
SOURCE Trinity Health
Contact: Carol Tingwall, +1-734-343-1232 (office), email@example.com
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