Big things are happening at Elmhurst (Ill.) Memorial Healthcare, which signed a letter of intent last month to merge with Edward Hospital & Health Services based in Naperville, Ill., expected to be completed mid-2013. That's likely to make Elmhurst Executive Vice President and CFO James Doyle's job get a bit more hectic in the coming months.
Moody's Investors Service praised the system's 218 days cash on hand as of Sept. 30, 2012, when it affirmed its "Baa2" rating on $495 million of outstanding debt and upgraded its outlook to stable. Operating cash flow margins grew substantially between fiscal years 2011 and 2012, from 3.8 percent to 7.4 percent.
Mr. Doyle, a 35-year veteran in healthcare finance, has been CFO of Elmhurst since 1986. He was formerly the controller at Hartford (Conn.) Hospital and earned his master's degree from the University of Connecticut.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at ldunn@beckershealthcare.com.
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Moody's Investors Service praised the system's 218 days cash on hand as of Sept. 30, 2012, when it affirmed its "Baa2" rating on $495 million of outstanding debt and upgraded its outlook to stable. Operating cash flow margins grew substantially between fiscal years 2011 and 2012, from 3.8 percent to 7.4 percent.Mr. Doyle, a 35-year veteran in healthcare finance, has been CFO of Elmhurst since 1986. He was formerly the controller at Hartford (Conn.) Hospital and earned his master's degree from the University of Connecticut.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at ldunn@beckershealthcare.com.
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