Apurv Gupta, MD, Quincy Medical Center’s former CMO, and Victor Munger, former senior vice president of human resources, filed the claims as part of the hospital’s bankruptcy case.
Dr. Gupta and Mr. Munger argued Steward, which is owned by for-profit private equity firm Cerberus Capital Management, released statements that it would keep all employees during the transition. They were notified of their terminations Oct. 7, 2011, and the terminations were effective retroactively on Oct. 1, 2011, which was when Steward acquired Quincy Medical Center. Steward did not comment on why the two executives were fired.
Dr. Gupta is asking for $468,000, and Mr. Munger is seeking $135,000. Steward has until Feb. 28 to a file a response to their claims.
Related Articles on Hospital Executive Severance:
Erlanger Health System in Tennessee Awards Severance to Third Exec
Hoboken University Hospital’s CEO Received $600K Severance as Hospital Filed for Bankruptcy
10 Predictions on the Future of Hospital Executive Compensation
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
