4 hospital execs delaying retirement

In February, several executives reported delays to their retirement, caused either by pandemic fluctuations, difficulty finding a successor or ensuring a smooth transition.

Here are the four executives delaying retirement as reported by Becker's.

  1. Debbie Osteen, Franklin, Tenn.-based Acadia CEO and director was paid $900,000 to stay on in her position for another two months in order to "assist with and ensure a smooth transition of leadership," according to a Feb. 8 SEC filing.

  2. Owensboro (Ky.) Health President and CEO Greg Strahan is delaying his retirement as the initial six-month search for his successor is taking longer than expected, the system announced Feb. 2.

  3. John Hackbarth, the ​​CFO also at Owensboro Health, has also delayed his retirement, stating that he will remain in his position until the board, the same Feb. 2 release stated.

  4. Timothy Charles, president and CEO of Cedar Rapids, Iowa-based Mercy Medical Center, is set to retire at the end of 2022 after delaying his retirement from 2021 to create stability at the hospital during the pandemic, according to a Feb. 3 release.

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