Recently, Fitch Ratings affirmed the “AA-” long-term ratings on Allina Health’s $660.8 million of outstanding debt. Fitch analysts said the health system’s main credit strength was its “comprehensive delivery model and geographic reach in the Twin Cities metropolitan area,” which has led to strong financial results the past five years.
In fiscal year 2011, Mr. Gallagher reported Allina Health had an operating profit margin of 5.3 percent, and in 2010, the margin stood at 6.1 percent. Mr. Gallagher also helped the health system acquire $26 million in meaningful use funds last year.
Before joining Allina Health, Mr. Gallagher served as COO and CFO of Iowa Health System in Des Moines for 10 years. He also was a partner with KPMG Peat Marwick, working with hospital systems and their finances.
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 ldunn@beckershealthcare.com.
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