ST. VINCENT NEWS RELEASE
St. Vincent Health System and its parent organization, Catholic Health Initiatives, today announced the appointment of Peter D. Banko as president and chief executive officer of St. Vincent Health System. Banko will assume the leadership post on Monday, April 2, 2007. The announcement was made by Lunsford Bridges, chairman of the St. Vincent board of directors and of the executive search committee and Gary Campbell, senior vice president, operations for Catholic Health Initiatives.
Banko currently serves as vice president and chief operating officer at CHRISTUS Spohn Health System in Corpus Christi, Texas
Ranked among the top ten Catholic health systems in the United States, the CHRISTUS Health System includes more than 40 hospitals and facilities in six American states and Mexico, with assets of more than $3.4 billion.
Joining CHRISTUS Spohn in 2003, Banko is most recently responsible for leading two hospital campuses, residency and teaching programs affiliated with Texas A&M in College Station, cancer center affiliated with M.D. Anderson in Houston, regional outpatient care network, and physician network.
He previously served as senior vice president for PhyAmerica Physician Group in Durham, North Carolina.
Over a six-year period, he formerly served in leadership roles in ambulatory operations, organizational design, and strategic planning at Saint Clare’s Health Services in northwestern New Jersey.
In making the announcement, Bridges said Banko brings a wealth of knowledge and expertise that will greatly benefit St. Vincent, its patients, employees, physicians, staff and the community. “We’re excited that he has agreed to take on this vital leadership role. We are looking forward to benefiting from Peter’s experience as a proven strategic leader in the areas of growth and development,” Bridges said. Banko is credited with leading a major financial turn-around, from an $8.5 million operating loss to an $11.9 million operating profit, in three years at CHRISTUS Spohn.
Campbell said Banko has clearly demonstrated his strong leadership abilities throughout the course of his career.
Campbell noted that his appointment comes at an opportune time as St. Vincent begins a nearly $40 million expansion and renovation project including significant additions to the hospital emergency, surgery and cardiovascular intensive care areas. St. Vincent is also committed to active growth and development of its primary care network.
“Peter’s skills and experience will serve St. Vincent well during this period of strategic expansion.
His most recent responsibilities included leadership roles in areas of growth and development similar to those underway at St. Vincent,” Campbell said.