Silverton Health

Silverton CEO Steps Down

Just as Silverton announced its merger with Legacy Health, its CEO is retiring.

It’s barely been two weeks since Silverton Health announced its affiliation with Legacy Health.

Now Rick Cagen, its president and CEO has announced his retirement effective July 1. Sarah Fronza will take over as interim CEO and continue the negotiations for the proposed partnership between Legacy Health and Silverton Health.

Silverton Health Could Be Acquired by Providence

The hospital’s financial performance in 2012 was rocky, according to the latest 990 returns filed with the Oregon Department of Justice.

Following a national trend of independent hospitals selling to large corporate medical organizations, Silverton Health is considering an acquisition by Providence Health & Services.

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