Steiner will replace Joel Wernick who is retiring after 30 years as Phoebe’s top executive. Steiner currently serves as CEO of four Tenet Healthcare Corp. hospitals in Detroit.
Phoebe Putney operates four hospitals and employs 4,300 people across its network of family medicine clinics, specialty physician offices and rehabilitation centers.
It reported an operating income of $9.3 million on revenue of $704.1 million in 2018, down from $11 million of operating income on $691.2 million of revenue in 2017.
Phoebe Putney was in a protracted dispute with the Federal Trade Commission, which argued that its acquisition of the former Palmyra Medical Center, now called Phoebe North Campus, from hospital giant HCA gave the system a monopoly in the region. The state’s certificate-of-need law essentially blocked Phoebe Putney from unwinding the deal.
Source: ModernHealthCare.com
