CEO of Meadowlands Hospital seeks exit after 3 months

Tom Considine, president and CEO of Meadowlands Hospital Medical Center in Secaucus, N.J., has asked for relief from his responsibilities after three months on the job, according to an NJBIZ report.

The hospital board has agreed to replace Mr. Considine, who sought joined the hospital in May. Sources close to Mr. Considine, speaking under anonymity, said he is leaving the hospital to become a consultant to TruPlan, the Meadowlands-sponsored health plan spun off as a separate, independent entity.

A spokesperson from the New Jersey Department of Health also said the department is aware of a potential change in leadership at Meadowlands, according to the NJBIZ report.

A source quoted in the NJBIZ report said Meadowland's owners "were still involved in the day-to-day operations," which Mr. Considine tried to work through before realizing "it was best to sever his ties with them."

Meadowlands is a for-profit hospital owned by MHA, LLC, an entity comprised of an anesthesiologist (with an inactive license) who owns three surgery centers and two other individuals. The company has seen problems lately, including conflict with its largest labor union, citations from the IRS for not turning over payroll taxes and state fines for withholding financial reports, according to a Star-Ledger report.  
 
In July, Mr. Considine announced layoffs affecting approximately 100 employees, or 20 percent of its workforce. At the time, the 230-bed hospital's daily census ranged from 30 to 40 patients.

Mr. Considine most recently served as COO of New York-based MagnaCare. Prior, he served as the New Jersey commissioner of banking and insurance under Gov. Chris Christie.

More Articles on Meadowlands Hospital:
Meadowlands Hospital to Cut 102 Jobs
Meadowlands Hospital Medical Center Selects Thomas Considine as CEO
Meadowlands Hospital, Travelers Insurance Tied in Lawsuit

 

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