Ken Krakaur, president of Third Core and long-time executive with Norfolk, Va.-based Sentara Healthcare, will retire Jan. 1, 2016, according to a Daily Press report.
Here are five things to know about Mr. Krakaur, as stated in the report.
1. He most recently has worked to grow the Sentara Third Core, which focuses on investing, developing and operating standalone businesses or products that complement other Sentara lines of business. The revenues from businesses and products under Third Core are not dependent on insurance reimbursement or healthcare benefit payments.
2. While serving as president of Third Core, Mr. Krakaur led investments in new product, and he also helped implement the world's largest trial now in progress to study the effectiveness of copper-infused linens and hard surfaces in combating hospital-acquired infections, the report notes.
3. His expansion efforts are also well-known. From 1999 to 2012, during his time as president of the Peninsula Region, Mr. Krakaur's vision culminated in the establishment of Sentara CarePlex Hospital in Hampton, Va., the Sentara Port Warwick medical campus in Newport News, Va., and the Dorothy G. Hoefer Comprehensive Breast Center in Newport News.
4. Additionally, his successful negotiation to acquire the remaining 51 percent ownership in Williamsburg Community Hospital resulted in a new location and a full merger of what is now Sentara Williamsburg (Va.) Regional Medical Center.
5. Mr. Krakaur is not the only Sentara executive who will leave next year. CEO David L. Bernd will retire March 3, 2016.
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