Thursday, January 8, 2009
AGMC cuts four veeps
AKRON GENERAL Medical Center has slashed its top executive staff with the dismissal of four vice-presidents, with more staff cuts to come in February, I have learned from two sources familiar with the high-level shakeup. "The vice presidents are out the door," one source told me. The move was said to have been prompted by a study of the huge hospital's administrative structure by a New England consulting firm specializing in "turnaround" remedies for ailing companies. The AGMC indicated it was preparing a significant change in direction as early as last summer, when it reportedly offered to sell the hospital to Cleveland Clinic, a bid rejected by the clinic.