Frank V. Sacco, president and CEO of Hollywood, Fla.-based Memorial Healthcare System, is retiring, effective Feb. 29, 2016.
Here are four things to know about Mr. Sacco.
1. Mr. Sacco has dedicated 41 years of service to MHS, the third-largest public healthcare system in the country, and 28 years as president and CEO.
2. He is credited for leading the growth of the system from one hospital to six in South Broward County and building the financial strength of the system with a current net worth of over $1.8 billion.
3. As Mr. Sacco's retirement approaches, MHS, by all industry standards, "remains in strong shape and with a remarkable executive team in place," system officials said. Officials went on to note a number of the system's successes, including eliminating the use of tax dollars to cover uncompensated care.
4. Mr. Sacco also touted the system's achievements, saying, "I leave with the joy of knowing that I have used every fiber in my DNA to make Memorial Healthcare System successful now and well into the future. As I embark in the next phase of my life, I am leaving the organization in superior condition and in good hands with our board of commissioners and our outstanding teams of executives, physicians and staff."
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