CFO Sean Barden: Making Strides at Mary Washington Healthcare
When a new hospital began to encroach on Fredericksburg, Va.-based Mary Washington Healthcare's service area, the management team began to distribute its ambulatory services more widely and expanded the scope of care to cut costs. With those measures and others, CFO Sean Barden and the rest of the executive team are making a stand to maintain their dominant market share just south of Washington, D.C.
Moody's Investors Service affirmed its "Baa1" ratings on $259.8 million of debt for Mary Washington, formerly known as MediCorp Health System. The two-hospital system's cash-to-debt ratio was 52 percent as of Sept. 30, 2012.
Mr. Barden joined Mary Washington in 2007, having held a previous CFO role at Lake Forest (Ill.) Hospital Foundation and other healthcare financial leadership positions since 2001. He has a bachelor's degree in business administration from Old Dominion University and an MBA from West Virginia University.
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