After the Nov. 2009 merger of Sioux Falls, S.D.-based Sanford Health and MeritCare in Fargo, N.D., MeritCare President and CEO Roger Gilbertson, MD, received a separation payment of $1 million, according to an Inforum report.
Kelby Krabbenhoft, who was CEO of Sanford Health before the merger, became CEO of the post-merger Sanford Health, which is now based in both Sioux Falls, S.D., and Fargo, N.D. His total compensation the year of the merger was $1.9 million and has since increased 17 percent. This year his base salary rose to $900,000 from his 2009-2010 base of $746,924. However, his current supplemental pay and bonuses are not yet publicly available.
Read the Inforum report on compensation for former MeritCare CEO Roger Gilbertson, MD, and Sanford Health CEO Kelby Krabbenhoft.
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Kelby Krabbenhoft, who was CEO of Sanford Health before the merger, became CEO of the post-merger Sanford Health, which is now based in both Sioux Falls, S.D., and Fargo, N.D. His total compensation the year of the merger was $1.9 million and has since increased 17 percent. This year his base salary rose to $900,000 from his 2009-2010 base of $746,924. However, his current supplemental pay and bonuses are not yet publicly available.
Read the Inforum report on compensation for former MeritCare CEO Roger Gilbertson, MD, and Sanford Health CEO Kelby Krabbenhoft.
Related Articles on Healthcare Compensation:
Almost 20 Oregon Hospital Executives Earned More Than $1M in 2009
Physicians Still Paid for Volume, Not Quality, Survey Finds
California's SVMH Board Member Says Former CEO Sam Downing Earned Retirement Pay