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HealthSouth facilities worldwide saw more than 120,000 patients daily, and with earnings around $106 million in 1997, Scrushy was the third-highest-paid CEO in the U.S. [26] [27] Legal battles [ edit ]
The board of directors acted quickly after the fraud was revealed. The entire executive management team, including Scrushy, was fired or replaced, with directors Joel Gordon and Robert P. May stepping in as interim chairman and interim CEO, respectively. HealthSouth was delisted from the New York Stock Exchange and removed from the S&P 500. [38]
Jay F. Grinney (born March 20, 1951) is an American health care executive. He is the former president and chief executive officer of Birmingham, Alabama-based HealthSouth Corporation, now known as Encompass Health Corporation.
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[1] HealthSouth, New Enterprise Associates, and Richard M. Scrushy stepped in to provide the company with early financial backing. [1] [2] Larry House, an executive at HealthSouth, was brought on to serve as the company's first CEO. MedPartners went public in February 1995 and began buying up other PPM business around the country. [3]
John Walker Chidsey (born June 11, 1962) [1] is an American businessman and attorney who has been CEO of Subway since November 2019. He was formerly the executive chairman and CEO of Burger King Corporation. [2] [3] [4] He is a director and member of the audit committee for HealthSouth Corporation.
For health system executives, the rise was even higher, with the highest at 6.5%. In 2021, the median base salary for a health system president was $1.15 million.
Several executives and administrators have been laid off from MUSC Health University Medical Center’s Midlands division after a budget shortfall of $40 million in the first half of the fiscal year.