OHSU CFO Brad King Accepts Offer to Return to Consulting
12/10/08 Portland, Ore.
King will remain at OHSU through February 27, 2009
OHSU President Joe Robertson today announced that CFO Brad King had accepted an offer to return to the health care consulting practice at LarsonAllen Weishair & Company,the accounting firm King was with before joining OHSU in 2005.
“Brad has been a tremendous source of stability and innovative thinking during some very challenging times at OHSU,” Dr. Robertson said. “He will be sorely missed, but I know that Brad and his wife, Susan, want to return home. He’s agreed to stay through the end of February to help us address the challenges of the economic downturn as well as to bring the integration of the OHSU Medical Group and the School of Medicine to a successful conclusion.”
King has over 32 years of experience in financial management of health care and higher education institutions and was named Oregon CFO of the Year by the Portland Business Journal in 2007. “I have enjoyed my time at OHSU immensely,” King said. “I’m grateful to have had the opportunity towork with Joe, the other members of the leadership team, and the board of directors. We’ve made considerable progress in accounting and financial controls, which was amajor goal we established when I took the position.”
As a consultant at Larson Allen, King often took on the role of interim CFO for client hospitals to help them through challenging periods. From 2001-2005, King served stints as interim CFO at hospitals in Kentucky, Ohio, Washington, DC, and Minnesota, as well as OHSU Hospital, before joining OHSU full-time in 2005 as the Chief Financial Officer for the entire institution. “He committed to stay at OHSU for three years when he took the position, and he ended up staying for four years,” Dr. Robertson noted. “We are grateful for his extended service.”
Dr. Robertson also announced that Human Resources VP Rick Bentzinger is leading the search for an interim CFO who can step in quickly while a national search is conducted to fill the position on a permanent basis. During the next few months, King will work closely with the interim CFO to ensure a smooth transition and continuity of leadership for OHSU’s financial team.
Brad and Susan King plan to split their time between New Orleans, where they own a home now restored after significant damage by Hurricane Katrina, and their lake house in Tega Cay, SC, just south of Charlotte. Over the past few years, Brad and Susan have made frequent trips to Louisiana to repair and restore their home. “The time is right to move back downsouth,” King said, “but I look on my time at OHSU as one ofthe most productive and rewarding periods of my career.”
Oregon Health & Science University is the state’s only health and research university and Oregon’s only academic health center. OHSU is Portland's largest employer and the fourth largest in Oregon (excluding government), with 12,400 employees. OHSU's size contributes to its ability to provide many services and community support activities not found anywhere else in the state. It serves patients from every corner of the state, and is a conduit for learning for more than 3,400 students and trainees. OHSU is the source of more than 200 community outreach programs that bring health and education services to every county in the state.