Pascagoula, Miss.-based Singing River Health System CEO Kevin Holland is stepping down, effective Oct. 31, according to a Sun Herald report.
Mr. Holland assumed the hospital's top leadership role in 2014. The board of trustees thanked Mr. Holland for his service to the health system, which spans 20 years.
Mr. Holland led the health system during a period of upheaval and financial instability. In the 2016, the health system reached a proposed settlement and agreed to pay $150 million to release it from liability over its failed pension plan. However, in July of this year, the Fifth Circuit Court of Appeals failed to approve the proposed settlement, sending it back to back to U.S. District Court Judge Louis Guirola. Earlier this year, Singing River terminated its neurosurgery services, stating it could "no longer afford the two surgeons required to continue neurological services at its facilities."
According to the report, Mr. Holland said he and his team achieved "significant financial turnaround without ever compromising the hallmark of our organization, our exceptional clinical quality."
However, the health system's financial troubles have not ended as yet. The Jackson County's board of supervisors is looking to engage a turnaround-focused firm to help Singing River overcome these difficulties, according to the report.