CFO Weldon Gage: High Liquidity at Children's Hospital of Wisconsin

In 2012 Milwaukee-based Children's Hospital of Wisconsin named Weldon Gage CFO of its two-hospital system, which includes Children's Hospital of Wisconsin in Milwaukee and Children's Hospital of Wisconsin in Fox Valley.

Weldon Gage is CFO of Children's Hospital of Wisconsin.Mr. Gage previously served in healthcare financial leadership roles in Texas, including at Texas Children's Hospital in Houston, the University of Texas MD Anderson Cancer Center in Houston and Hendrick Medical Center in Abilene.

Moody's Investors Service affirmed Children's Hospital of Wisconsin's "Aa3" rating on $284 million in bond debt in June 2012, citing the system's strong 6.2 percent operating margin and 14 percent cash flow margin in fiscal year 2011. At the time of the report, the system controlled 85 percent of southeastern Wisconsin's pediatric market and 46 percent of the statewide children's market. Liquidity was strong with 332 days cash on hand, bubbling above $589 million.

Mr. Gage earned his bachelor's degree in finance from Hardin-Simmons University and his MBA from Texas A&M University.

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.

More Articles on Hospital CFO Profiles:

CFO Michael Burke: Transformative Leadership at NYU Langone Medical Center
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CFO J. Britton Tabor: A Wide Reach at Erlanger Health System

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