Phelps Memorial Hospital Center, located in Sleepy Hollow, N.Y., has announced the retirement of Keith F. Safian, the hospital's CEO effective Nov. 30, according to a recent report.
Daniel Blum, who has served as senior vice president at Phelps since 2009, will succeed Mr. Safian as president.
Mr. Safian's retirement comes as the hospital prepares to affiliate this year with the metropolitan North Shore-LIJ Health System as its parent organization.
Mr. Safian has served Phelps Memorial Hospital Center for the past 25 years. He is credited for growing the hospital's workforce and improving finances. According to hospital officials, the Phelps operating budget increased from $40 million to $240 million during Mr. Safian's administration, while the number of physicians on staff increased from 200 to 500 and hospital employees grew from 800 to 1,700.
"Keith rescued Phelps from the verge of bankruptcy in 1989," Richard Sinni, Phelps' board chairman said, "and the fiscal performance he achieved thereafter has enabled the hospital to provide the highest level of medical care to the communities it serves."