Nine former Wuesthoff Health System executives will receive $10.6 million in separation pay following the $145 million sale of the local non-profit hospital corporation to HMA of Naples, according to a Florida Today report.
Former Wuesthoff CEO Emil Miller will receive 60 percent of the separation pay, or $6.25 million. Of that money, $2.2 million was severance pay and $3.2 million was retirement pay. The information was released Thursday afternoon, following negotiations between the Florida Attorney General and former Wuesthoff board members and their lawyers.
The Florida AG is required to review all proposed sales of this type, according to the report.
Read the Florida Today report on Wuesthoff Health System.
Read more on compensation:
-Former Aurora Health Care COO Gets $82M Retirement Package
-Highest-Earning Healthcare Industry CEO's Compensation Tops $30M
Former Wuesthoff CEO Emil Miller will receive 60 percent of the separation pay, or $6.25 million. Of that money, $2.2 million was severance pay and $3.2 million was retirement pay. The information was released Thursday afternoon, following negotiations between the Florida Attorney General and former Wuesthoff board members and their lawyers.
The Florida AG is required to review all proposed sales of this type, according to the report.
Read the Florida Today report on Wuesthoff Health System.
Read more on compensation:
-Former Aurora Health Care COO Gets $82M Retirement Package
-Highest-Earning Healthcare Industry CEO's Compensation Tops $30M