Lifespan CEO to leave at end of 2012

Providence, RI – The President and CEO of the Lifespan Hospital network is stepping down at the end of 2012. George Vecchione has been the leader of the state's largest health care system for more than 13 years.

Daniel Wall, the president and CEO of Bradley Hospital, says Vecchione somehow managed to offer member hospitals the benefits of being in a larger system without taking away their individual identities.

"George was able to maximize the benefit of lifespan but also make sure that individual hospitals were able to continue with their individual cultures where real ownership resides," he says.

Vecchione is largely credited with improving Lifespan's financial situation and expanding its operations. According to an investigation by the Providence Phoenix, Vecchione was the highest paid health care executive in New England in 2007. Lifespan has maintained that its CEO is fairly compensated for his work.

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