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May 17, 2019

Around the nation: Amazon-JPMorgan-Berkshire venture exec steps down

Daily Briefing

    Haven COO Jack Stoddard cited personal reasons, including the long commute from Philadelphia to the company's Boston headquarters, for stepping down, in today's bite-sized hospital and health industry news from District of Columbia, Massachusetts, and Virginia.

    • District of Columbia: The Washington, D.C. City Council has voted to close the United Medical Center (UMC) by January 2023. UMC is the only full-service public hospital located near the Anacostia River in a predominantly low-income, black neighborhood. The city has given the hospital millions in bailouts in recent years (AP/Modern Healthcare, 5/15).

    • Massachusetts: Jack Stoddard has stepped down from his role as COO at Haven, the health care venture launched by Amazon, Berkshire Hathaway, and JPMorgan Chase last year, according to a statement from Haven. Stoddard is departing for personal reasons, one of which is the commute from his home in Philadelphia to the Haven office in Boston. "Jack played an important role in the early stages of Haven, but we understand his decision to leave the company for family reasons," a Haven spokesperson said. "We want to thank him for all of his contributions." A replacement has not yet been named, according to CNBC (Farr, CNBC, 5/16).

    • Virginia: Carilion Clinic is planning a more than $500 million expansion at Roanoke Memorial Hospital. The expansion will include a 550-space parking garage, a tower for emergency and heart patients, and a behavioral health hospital. The expansion is expected to begin later this year and be completed within five years (Paavola, Becker's Hospital Review, 5/15).

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