Former CEO of New Smyrna, Fla.-based Bert Fish Medical Center Bob Williams is on pace to receive a $1-million buyout paid through the public hospital, according to a Daytona Beach News-Journal report.
Mr. Williams, who helped lead the hospital into an illegal merger with Adventist Health's Florida Hospital in Orlando in 2010 and left in Feb. 2011, will receive his $289,000 annual salary plus benefits through 2014 from a buyout clause in his contract, according to the report.
The merger between the public Bert Fish and private, non-profit Adventist was overturned in July 2011 after a judge ruled the 21-closed-door meetings to secure the merger violated the state's Sunshine Law. The Sunshine Law establishes a basic right of access to most meetings of boards, commissions and other governing bodies of state and local governmental agencies or authorities.
However, when the merger was announced, there was a three-year buyout clause in Mr. Williams' contract with Adventist, according to the report. Starting July 1, 2010, the agreement stated Adventist would pay Mr. Williams his salary for three years plus seven months and eight days, totaling around $1 million.
Mr. Williams, who helped lead the hospital into an illegal merger with Adventist Health's Florida Hospital in Orlando in 2010 and left in Feb. 2011, will receive his $289,000 annual salary plus benefits through 2014 from a buyout clause in his contract, according to the report.
The merger between the public Bert Fish and private, non-profit Adventist was overturned in July 2011 after a judge ruled the 21-closed-door meetings to secure the merger violated the state's Sunshine Law. The Sunshine Law establishes a basic right of access to most meetings of boards, commissions and other governing bodies of state and local governmental agencies or authorities.
However, when the merger was announced, there was a three-year buyout clause in Mr. Williams' contract with Adventist, according to the report. Starting July 1, 2010, the agreement stated Adventist would pay Mr. Williams his salary for three years plus seven months and eight days, totaling around $1 million.
Related Articles on Bert Fish Medical Center:
Florida's Bert Fish Medical Center Settles Suit Over Legal Fees
Florida's Bert Fish Medical Center Sues Former Attorney for $22.5M Over Failed Merger
Adventist Health, Bert Fish Officially End Merger