IBJNews

Caponi to step down as St. Vincent system CEO

Back to TopCommentsE-mailPrintBookmark and Share

Vince Caponi will step down as CEO of the St. Vincent Health hospital system to take a new role within St. Vincent’s parent organization, Ascension Health Alliance.

On July 1, Caponi will become senior vice president of St. Louis-based Ascension Health Alliance, which is the largest Catholic hospital system in the nation. He will also be executive chairman of the board for St. Vincent Health.

CaponiCaponi

In Caponi's asbence, Ian Worden will serve as interim CEO. Worden has since 2008 has been chief operating officer of the 22-hospital system, the second largest in Indiana. Worden previously served as St. Vincent’s chief financial officer for eight years.

Worden will lead St. Vincent at a time when it is cutting jobs and other expenses—as are all hospitals—in response to financial pressures from the federal government and private health insurers.

Since Caponi arrived in 1998, St. Vincent has engineered a flurry of mergers around the state. The hospital system expanded from locations in Carmel, Elwood and Indianapolis and now operates in 15 cities, stretching from Evansville to Kokomo.

St. Vincent expanded from about 5,200 full-time equivalent employees when Caponi arrived to 17,500 now. In its most recent fiscal year, St. Vincent’s sprawling operations pulled in $2.3 billion in revenue.

Caponi also took a leading role in the launch of the Indiana Health Information Exchange Inc., in which the largest hospital systems in Indianapolis took the unusual step of jointly funding a digital network for swapping patient records when needed.

The changes at St. Vincent Health come after Ascension promoted Patricia Maryland in April to be president of health care operations, overseeing Ascension’s vast network of 1,500 health care facilities. Maryland worked under Caponi as president of St. Vincent Indianapolis Hospital, before leaving in 2007 to head up an Ascension hospital system in Michigan.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

ADVERTISEMENT