Livonia, Mich.-based Trinity Health, whose Connecticut holdings include St. Francis Hospital and Medical Center in Hartford, is teaming with four other health systems to create a not-for-profit generic drug company to improve the availability and lower the cost of essential generic drugs.
Behavioral health and primary care provider Wheeler Clinic is absorbing about 2,000 patients from the St. Francis Gengras Pediatric Primary Care practice in Hartford, which has closed.
Chad Wable, who has served as president and CEO at St. Mary's Hospital in Waterbury since 2008, has been named senior vice president and chief operating officer for parent Trinity Health Of New England and Dr. Steve Schneider has been named president of St. Mary's.
Trinity Health Corp. of Livonia, Mich., which has a nationwide network of 93 hospitals that includes St. Francis Hospital and Medical Center and two others in Connecticut, reported 7.9 percent revenue growth in its fiscal year ended June 30 and 76 percent growth in operating income.
Forty-five Connecticut hospital or hospital system executives earned combined salary and fringe benefits exceeding $1 million last fiscal year, according to new state data showing the 10 highest-paid officials in each category.
Trinity Health's recently acquired Connecticut hospitals helped the Michigan company return to a surplus in the latter half of 2016, Trinity reported recently.