Robert Martin, CEO of UPHS, has decided to leave the institution,
effective June 30, 2003. "Robert has been the driving force
behind the Health System's remarkable recovery from its financial
straits of FY 1998 and FY 1999, when operating losses totaled about
$290 million," said Dr. Arthur H. Rubenstein, EVP for UPHS
and dean of the School of Medicine. "Since I arrived at Penn
in September 2001, Robert has been an excellent partner. I have
no doubt that the Health System's turnaround, which has been closely
followed by both local and national observers, will be Robert's
legacy," he added.
and I have discussed the transition in depth, and we are committed
to working closely together for the next eight months. Both of us
understand that maintaining our financial performance and implementing
the Strategic Plan for Penn Medicine are essential for our institution
to flourish. In addition, the time before Robert leaves will allow
us to search carefully for the most qualified candidate to replace
CEO of Penn's Health System, Robert assembled a strong management
team, and we expect this team to continue its fine work. During
this transition period and beyond, our focus will continue to be
on excellence in patient care, education, and research. With the
help of Robert, his management team, and our faculty, we are confident
that Penn Medicine will remain well positioned for the future,"
added Dr. Rubenstein.
Martin joined the Health System in 1997 as executive director of
Clinical Care Associates, Penn's primary-care network. He then became
chief operating officer and chief financial officer of UPHS in 1999.
He was appointed CEO in spring of 2001 (Almanac
coming to UPHS, he was chief administrative officer and treasurer
to the board of governors at the Mayo Clinic in Scottsdale, Arizona.
From 1989 to 1995 he served as senior vice president for finance
and administration and chief financial officer for Scottsdale Memorial
graduate of the University of North Texas, Dr. Martin holds master's
and doctoral degrees in economics and finance from Southern Methodist
departure will be an enormous loss for our institution. His accomplishments
at Penn over the last five years are outstanding," said Dr.