Advertisement


Rent Increase Survey

Have you submitted your latest rent increase data to the rent increase survey?

Alameda Health System CEO Stepping Down

Alameda Health System CEO Wright Lassiter III is stepping down. (Alameda Health System)

Alameda Health System CEO Wright Lassiter III is stepping down. (Alameda Health System)

Update: Sept. 29th, 7:30pm – This story has been updated to include AHS CFO David Cox’s presentation on his debt restructuring plan, as presented to the Alameda County Board of Supervisors Health Committee on September 22nd, 2014

One week after Alameda Health System CFO David Cox told an Alameda County Supervisor’s Health Committee that the system’s cash flow is weak, and that it will need to restructure some $200 million in debt it owes the county, the publicly-funded health care system announced that CEO Wright Lassiter III is stepping down to take the position of President of Henry Ford Health System (HFHS) in Detroit, Michigan, beginning December 15th.

The Michigan-based system is a $4.5 billion organization with more than 23,000 employees; the Alameda Health System has roughly 4,500 employees and over $600 million in revenue.

Lassiter has said that he will stay on in Alameda County until December 12th.

An Alameda Health System press release touted Lassiter’s accomplishments since joining as CEO in 2005, but Action Alameda News reported last week that the system is having trouble collecting revenue and paying bills, and has gone back to the Alameda County Board of Supervisors to discuss a debt restructure.

AHS FC Debt Restructure Sep 22 2014 by bayfarm

Comments are closed.

  • Jean Sweeney Open Space Park Construction Just Moves Homeless Elsewhere https://t.co/Cy04YorWla ,
  • Jean Sweeney Open Space Park Construction Just Moves Homeless Elsewhere https://t.co/Cy04YoakWA ,
  • Jean Sweeney Open Space Park Construction Just Moves Homeless Elsewhere https://t.co/Cy04YorWla ,
  • https://t.co/CdsbV7Mfhq ,
  • Jean Sweeney Open Space Park Construction Just Moves Homeless Elsewhere https://t.co/Cy04YoakWA ,

Directories