CFO Randy Combs: More Than a Quarter Century at Mercy
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.
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 firstname.lastname@example.org.
More Articles on Hospital CFO Profiles:
© 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.