Martha's Vineyard Hospital files complaint against former CEO: 8 things to know

Oaks Bluff, Mass.-based Martha's Vineyard Hospital filed a legal complaint against former President and CEO Joe Woodin, who was ousted from the role in June 2017, according to a MV Times report.

Here are eight things to know:

1. The complaint, filed in the Dukes County Superior Court, alleges Mr. Woodin defaulted on a $250,000 promissory note he signed Jan. 5, 2017.

2. Per the note, Mr. Woodin was meant to pay the hospital $50,000 per year as well as accrued and unpaid interest at 1.95 percent. However, Mr. Woodin has not paid the hospital any amount in relation to the note, according to the complaint.

3. The complaint also notes the hospital can call back the full promissory note amount if "the borrower ceases (voluntarily or involuntarily) to be an employee of the lender," according to the report.

4. Mr. Woodin's abrupt ouster in June 2017 drew criticism from the community. Many rallied around him and voiced their concerns on Facebook and at local meetings.

5. Although Timothy Sweet, the hospital board chairman, took responsibility for the confusing way Mr. Woodin's departure was handled, the board firmly stood by its decision to fire Mr. Woodin.

6. Mr. Woodin was recently named CEO of South Peninsula Hospital in Homer, Alaska.

7. Mr. Woodin filed for arbitration in relation to his ouster in October 2017. The hospital filed counterclaims, which included "the claim of breach over the promissory note, on Dec. 14, 2017," the MV Times reports.

8. Judicial Arbitration and Mediation Services is mediating the negotiations. The case is set to go before a judge, however hearing dates have not been set.

Martha's Vineyard Hospital had not yet returned Becker's Hospital Review's request for comment at the time of publication.

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