CFO Phil Roe: Vanguard Health System's Charter CFO
The company brought in $1.51 billion in total revenue in its second quarter ended Dec. 31, 2012, up 2.6 percent from its previous second quarter. Despite increased interest payments on debt and capital investments at Detroit Medical Center, Vanguard's profit for the first six months of FY 2013 totaled $26.1 million, up more than $30 million from the same period in FY 2012 when the company took a $6 million dollar loss.
Mr. Roe took his CFO role at Vanguard in November 2007, having previously served as the company's first controller and chief accounting officer when Vanguard launched in July 1997. Before that, he'd worked as senior vice president, controller and chief accounting officer at OrNda HealthCorp before it was acquired by Dallas-based Tenet Healthcare in 1997 for $3.22 billion.
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at email@example.com.
More Articles on Hospital CFO Profiles:CFO Troy Parker: Straight 'A's at UNM Sandoval Regional Medical Center
CFO Nathan VanLaningham: Moving St. Elizabeth Healthcare Forward
CFO William Robinson: Showing Success at UF&Shands
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.