Trinity Health Mid-Atlantic CEO James L. Woodward Retires Amid Financial Challenges and Hospital Sales

Trinity Health Mid-Atlantic CEO James L. Woodward is set to retire in January, according to the health system. Woodward first joined the Philadelphia region in 2016 as the CEO of St. Mary Medical Center in Langhorne. Two years later, he took on the role of CEO for a five-hospital group formed by their common owner, Trinity Health, based in Livonia, Michigan. This group was known as Trinity Health Mid-Atlantic and included hospitals such as St. Mary, Nazareth, Mercy Fitzgerald, Mercy Philadelphia, and St. Francis.

However, in 2020, Trinity Health had originally planned to close Mercy Philadelphia but the hospital was kept open in a modified form by the University of Pennsylvania Health System. Despite this setback, Trinity Health reported $1.1 billion in revenue from its nonprofit, Philadelphia-area hospitals for the fiscal year ending June 30, 2023. This was a decrease from $2.2 billion in revenue reported for fiscal 2018 due to several factors including the sale of Lourdes Health System in South Jersey to Virtua Health in 2019 and St Francis Medical Center Trenton that was sold to Capital Health later closed it down

One of the reasons for this decline in revenue was due to these sales which were significant events that affected Trinity’s financial stability greatly but despite it Becker’s Hospital Review had previously reported on Woodward’s upcoming retirement