CEO Larry Anderson: Turning Around Tri-City Medical Center
Larry Anderson, JD, has been CEO of 397-bed Tri-City Medical Center in Oceanside, Calif., since January 2009, and in those three years, he has already helped the hospital reach several major achievements.
When Mr. Anderson inherited his current position, Tri-City reported an $18 million loss on its balance sheet. By the end of the 2011 fiscal year, the hospital reported a $15.2 million profit.
Most notably, Mr. Anderson spurred the hospital to refinance several of its high interest rate securities. Refinancing brought Tri-City interest rates from an aggregate 17.5 percent to roughly 5 percent.
Since he started, Tri-City has also received seismic clearance from the state of California until 2030 and obtained national certifications in pulmonary rehabilitation and chest pain.
Before joining Tri-City, Mr. Anderson worked at Integrated Healthcare Holdings, a hospital company that owns and operates four hospitals in Orange County, Calif., and seven-hospital chain Alta Healthcare System in Los Angeles. Mr. Anderson also spent most of his professional career as in-house counsel for the U.S. Postal Service.
Larry Anderson will be a featured panelist at the Becker’s Hospital Review Annual Chief Executive Officer Strategy Roundtable, taking place Nov. 1, 2012, at the Ritz Carlton Chicago. Please join us for the Roundtable from 4 p.m. to 6 p.m. Dinner and a reception to follow. Registration limited to 100 attendees. To register or learn more about the event, click here.
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