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Former Florida System CEO Dies – Becker’s Hospital Review

by Dr. Michael Lee – Health Editor
written by Dr. Michael Lee – Health Editor

G.Duncan Finlay, MD, former Sarasota Memorial Health Care system CEO, Dies at 85

G. Duncan Finlay, MD, a former physician and the esteemed CEO of Sarasota Memorial Health Care System, has died at the age of 85. his extensive career left a significant mark on the healthcare institution and the community it serves.

G. Duncan Finlay, MD, a former physician and the esteemed CEO of Sarasota Memorial Health Care System, has died at the age of 85.His extensive career left a significant mark on the healthcare institution and the community it serves.

Dr. finlay began his tenure at Sarasota Memorial Health Care System in 1972, joining as a pulmonologist. His dedication and leadership quickly became apparent, leading him to serve as chief of staff during the 1980s.

he later advanced to hold positions such as vice president of medical affairs and chief medical officer. In 2000, Dr. Finlay assumed the role of president and CEO, a period marked by significant “turmoil and change” for the health system, according to a July 25 news release.

Sarasota Memorial CEO David Verinder expressed profound gratitude for Dr. Finlay’s contributions. “Dr. Finlay was a brilliant

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Health

Vatican Approval Needed for Altru’s Devils Lake Hospital Acquisition

by Dr. Michael Lee – Health Editor
written by Dr. Michael Lee – Health Editor

Altru Health System Awaits Vatican Approval for Devils Lake Hospital acquisition

Table of Contents

Grand Forks, N.D.-based altru Health System is nearing the completion of its acquisition of Devils Lake Hospital in North Dakota. The critical access hospital is currently owned by Chicago-based CommonSpirit Health. However, the finalization of the deal hinges on one crucial step: approval from the Vatican.

Derek Goebel, Chief Financial Officer for Altru health System, shared in a recent Becker’s CFO+Revenue Cycle Podcast episode that all transactional documents between Altru and CommonSpirit have been finalized. The delay in execution is due to CommonSpirit health’s Catholic affiliation, which requires Vatican approval for such transactions.

“We’re eagerly awaiting the result from the Vatican to execute the transaction, and both sides are anxious to see that come to fruition,” Mr. Goebel stated. “It’s going to be a realy great thing for the community.”

Altru Health System signed a nonbinding letter of intent to acquire Devils Lake Hospital from commonspirit Health in late June 2024. If the acquisition is approved, Tanner White is slated to serve as the CEO of the 25-bed facility. Altru already operates a clinic adjacent to the hospital, offering primary care and outpatient services, including renal dialysis. This acquisition is expected to facilitate more streamlined care across both entities.

“The next step is actually the transition of the staff and the providers from devils Lake onto the Ultra team,” Mr. Goebel explained. “We’ve got some onboarding planned. We’ve got [an] Epic implementation expected [at the hospital] basically the next moment we have that acquisition done.… We’ve worked through the transaction documents and details, and [are] ultimately waiting for that final piece. It should be a very quick transition.”

This strategic move aligns with Altru’s overarching objective to maintain local healthcare services and preserve its operational independence. The health system recently became part of the Rough Rider Network, a collective of 23 rural hospitals located across North Dakota, as indicated on its website.

“We’ve explored a lot of different avenues to cut cost from healthcare, but continue to keep independence and to serve the population that we need,” Mr. Goebel added.

Evergreen Insights

The acquisition of Devils Lake Hospital by Altru Health System highlights the complex regulatory and organizational structures within healthcare, particularly for faith-based institutions. CommonSpirit Health, as one of the largest catholic health systems in the United States, operates under specific governance protocols that can influence its strategic decisions, including hospital sales.The involvement of the Vatican in approving such transactions underscores the deep integration of religious mission and operational management within these organizations. This process can introduce unique timelines and considerations compared to secular healthcare acquisitions. furthermore, Altru’s stated goal of preserving local healthcare and independence, coupled with its recent integration into the Rough Rider Network, reflects a broader trend of rural healthcare systems seeking collaborative models to ensure sustainability and continued service delivery in underserved areas.

Frequently Asked Questions

Q: Why does the Vatican need to approve the acquisition?
A: CommonSpirit Health is a Catholic health system, and its affiliation requires Vatican approval for meaningful transactions like the sale of a hospital.

Q: what services does Altru Health System currently offer in the Devils Lake area?
A: Altru operates a clinic with primary care and outpatient services,including renal dialysis,connected to the Devils Lake Hospital.

Q: who will be the CEO of Devils Lake Hospital if the deal is approved?
A: Tanner White is expected to serve as the CEO of the 25-bed hospital.

Compliance & Disclaimers

This article provides information on a healthcare business transaction and does not constitute financial, legal, or health advice. Readers should consult with qualified professionals for advice specific to their situations.

What are your thoughts on this unique acquisition process? Share your insights in the comments below and subscribe to World Today News for more updates on the healthcare industry!

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World

Why Did South Korea Declare Martial Law?

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

South Korea Reeling After President’s Shock Martial Law Declaration

South Korea found itself in turbulent waters after President Yoon Suk Yeol, citing escalating threats from North Korea, declared martial law on Tuesday afternoon. The move sent shockwaves through the nation, triggering waves of protest and criticism from opposition parties who view the action as a power grab.

Hours after its imposition, Yoon rescinded the order, facing massive pressure from both political rivals and a terrified populace. South Korea hadn’t experienced martial law since its transition to democracy in 1987; the last time it was invoked was in the aftermath of President Park Chung-hee’s assassination in 1979.

While the immediate crisis seemed contained, the damage is already evident. South Korea’s primary stock index, the Kospi, plunged nearly 1.5%, signaling worry among investors. Concern about the nation’s economic stability escalated, prompting assurances from South Korean Finance Ministry officials who vowed to inject liquidity into the market.

The sudden declaration explained as a necessity to quash what the president termed "anti-state forces" quickly analysts point to underlying political motivations. Yoon’s approval ratings have plummeted in recent months, and his conservative People Power Party suffered a crushing defeat in April’s parliamentary elections, granting control to the rival leftist Democratic Party.

Adding fuel to the fire, opposition lawmakers initiated impeachment actions against three top prosecutors, attempts to curtail Yoon’s power by slashing nearly $3 billion from his proposed budget for 2025. This appears to have pushed Yoon, already frustrated by U.S. national security concerns surrounding President Biden’s visit, past a breaking point.

This shocking development stunned the nation and international observers alike. The U.S. Department of State expressed, "We continue to expect political disagreements to be resolved peacefully and in accordance with the rule of law."

The situation underscores the deep political stagnation currently gripping South Korea and serves as a stark reminder of the country’s shaky peace with the North. In the aftermath, Yoon, despite losing this public battle, doubled down, urging parliament to cease "reckless actions" and "paralyzing the functions of the state."

What happens next:

  • The legal fallout continues, with the opposition demanding accountability for the declaration.

  • Investors keenly watching for signs of instability, even as the finance ministry promises immediate market stabilization.

  • The ruling party blamed the opposition’s inaction on national security concerns, further escalating tensions.

  • U.S. authorities caught off guard, scrambling to assess the situation, worried this weakens their key regional ally.

The long-term implications of this unprecedented action on South Korea’s democracy and international standing remain unclear. This tumultuous episode adds a dark chapter to South Korea’s fragile political landscape, raising concerns not only within the Ailailian the

.**

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News

High school students in Guangxi sent a letter to Carrie Lam to “get a big gift” and received as a result a self-written selection of the first publication of the chief executive｜Ray Online

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

A Hong Kong High School Student Receives a Personal Birthday Greeting from Former Chief Executive Carrie Lam

A high school student in Guangxi, China was surprised and delighted to receive a personal birthday greeting from former Hong Kong Chief Executive Carrie Lam. Seventeen-year-old Li Can, a senior at No. 1 Middle School in Guilin, wrote to Lam in anticipation of his upcoming 18th birthday. To Li Can’s astonishment, he received a reply from Lam via the Office of the President, complete with a personalized note and a postcard showcasing Tang Gong Temple in Songling, Fanling.

The postcard showcasedke included an image of the Temple and was accompanied by a handwritten message from Lam, who praised Li Can’s awareness of current events.

Lam wrote: "I haven’t been selected as onths…" Lam wrote: "I

"I visited Guilin twice this year. The culture and landscape are so beautiful. I wish you a bright future."

Li Can was overjoyed to receive the response:

"I was so surprised and very surprised," Li Can wrote on Xiaohongshu, "Carrie Lam is one of my most respected heroes."

He wasn’t the only one to garner a response from China’s former leader. Li Can shared that he sent the former chief executive, Chanel. Lam’s personalized note included a fascinating detail – she mentioned visiting Guilin twice that very year.

Lam also sent a copy of her biographical publication, while Lam Cheng Yuen-ngor. It was published during her successful 2006 campaign for Chief Executive.

The unexpected birthday card sparked delighted chatter online. While some complimented Lam’s thoughtful gesture and admired her beautiful handwriting. Others reflected on the varying nature of Lam’s replies, noting that while some received personalized letters while others simply got polite signatures.

Lam’s message toL guided by your comments."

For young Li Can, though:

Lam’s heartfelt message marked a special birthday surprise.

This heartwarming exchange highlights the multifaceted nature of political figures and the small but significant impact they can have on individuals. It also shows how even those in positions of power can

the reply.",

The original article can be found at https://www.am730.com.hk/Local/Guangxi High

2024-12-02 09:26:00
#High #school #students #Guangxi #letter #Carrie #Lam #big #gift #received #result #selfwritten #selection #publication #chief #executiveRay #Online

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