Compensation for executives of Atlanta-based SunLink Health Systems has not wavered much over the past three years as the for-profit hospital operator has treaded in financially dangerous waters, according to documents from the U.S. Securities and Exchange Commission.
Robert Thornton Jr., chairman, president and CEO of SunLink, earned $362,742 in 2011, a $23,000 increase from his 2010 compensation but still a generally low amount for the top executive of a for-profit hospital chain. Mr. Thornton's salary was $330,000, and the remaining compensation included a $25,000 bonus and nearly $8,000 in life and medical insurance premiums.
CFO Mark Stockslager's compensation increased 4.7 percent, from $184,224 in 2010 to $192,879 in 2011. His salary has been steady at $173,250 for each of the past three years.
SunLink currently owns and operates six small community hospitals in the Southeast and Midwest, although that number will dip to five by next year. In March, SunLink announced it signed an agreement to sell Memorial Hospital of Adel (Ga.) to the Hospital Authority of Tift County, which operates Tift Regional Medical Center in Tifton, Ga., for $8.3 million. The proceeds will go to pay down senior debt.
SunLink has recorded losses in each of its first two quarters of fiscal year 2012, and it reported negative earnings in several quarters of FY 2011 as well.
Robert Thornton Jr., chairman, president and CEO of SunLink, earned $362,742 in 2011, a $23,000 increase from his 2010 compensation but still a generally low amount for the top executive of a for-profit hospital chain. Mr. Thornton's salary was $330,000, and the remaining compensation included a $25,000 bonus and nearly $8,000 in life and medical insurance premiums.
CFO Mark Stockslager's compensation increased 4.7 percent, from $184,224 in 2010 to $192,879 in 2011. His salary has been steady at $173,250 for each of the past three years.
SunLink currently owns and operates six small community hospitals in the Southeast and Midwest, although that number will dip to five by next year. In March, SunLink announced it signed an agreement to sell Memorial Hospital of Adel (Ga.) to the Hospital Authority of Tift County, which operates Tift Regional Medical Center in Tifton, Ga., for $8.3 million. The proceeds will go to pay down senior debt.
SunLink has recorded losses in each of its first two quarters of fiscal year 2012, and it reported negative earnings in several quarters of FY 2011 as well.
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