CFO Randy Combs: More Than a Quarter Century at Mercy
Randy Combs, CFO of Chesterfield, Mo.-based Mercy, has been with the 31-hospital system for more than 25 years, making his mark as a forward-thinking financial planner in the Midwest.
He officially became senior vice president and CFO of Mercy — the sixth-largest Catholic health system in the country — in March 2009, and he's also held the roles of CFO and COO for Mercy's operations in Washington, Mo., and St. Louis.
Moody's Investors Service recently assigned an "Aa3" rating on Mercy's $250 million of fixed-rate revenue bonds, indicating the health system is among the top investment-grade healthcare organizations in the country.
Moody's analysts cited many strengths within Mercy, including "steady profitability" and solid pro forma debt ratios. For example, Mr. Combs oversaw a 9.7 percent adjusted operating cash flow margin in fiscal year 2012, and Mercy also posted a 170 percent cash-to-debt ratio and 263 percent monthly liquidity-to-demand-debt ratio last year.
Prior to his tenure at Mercy, Mr. Combs served as vice president of finance at Barnes-Jewish Hospital in St. Louis. He also was a senior accountant with Peat, Marwick, Mitchell & Co., which is now KPMG.
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