CEO of Randolph Health steps down
Angela Orth, CEO of Randolph Health, is stepping down from her post on April 15. She will be replaced by Tim Ford from American Health Systems, LLC.
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During Orth’s tenure, she navigated the health system through a bankruptcy, financial performance improvements which led to profitability and through the sale of the system to American Health Systems, LLC.
In a statement, Orth said she appreciated American Healthcare Systems’ offer for her to stay, but she decided against it.
“When I accepted the role as CEO of Randolph Health three years ago, my number one priority was to secure local access to health care. While the journey has taken longer than expected, Randolph Health has successfully emerged with a new operator that has a plan to advance and grow health care in our region. I have the utmost gratitude to the Board of Directors, staff, physicians, volunteers and this community for trusting me to lead this organization.”
The purchase of Randolph Health by American Healthcare Systems is set to be finalized this month. The health system worked closely with leaders at Randolph County and the City of Asheboro to secure the future of the hospital. The county was able to access funds through the Rural Health Care Stabilization Act, which establishes a dedicated fund for eligible financially distressed hospitals to transition to a more sustainable model. The fund provided $20 million for capital improvements and operational needs.
The health system announced it had entered into a purchase agreement with buyer American Healthcare Systems in October. The agreement ensured continued local access to health care. The agreement included the following items:
- Ensure ongoing local access to high-quality health care services in Randolph County, including a sustainable acute-care hospital with an appropriate number of licensed inpatient beds and other services that are essential to the community’s health.
- Provide important services that are currently offered at Randolph Health, including labor and delivery, emergency care, inpatient services, outpatient services, imaging, surgical care, home health, primary care, specialty care, services provided at Randolph Cancer Center and StayWell Senior Care.
- Provide a smooth transition to help ensure patients continue to experience the same great care from the same providers and caregivers they have today.
- Protect jobs and continue to invest in the development of our employees and providers. All current Randolph Health employees and employed physicians would be offered the opportunity to be employed by the new organization.
- Provide the ability to keep local input and oversight. The proposed agreement assures that a new Randolph Health Board of Directors would include representatives from Randolph County government.
- Ensure the long-term viability of Randolph Health by financially investing in improving resources and equipment.