PROVIDENCE – Mark Marcantano is stepping down as president and chief operating officer of Women & Infants Hospital on Friday.
Senior management at the hospital was informed of the decision on Thursday, with Marcantano’s resignation set to take effect on Friday.
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“Mark’s contributions to CNE and Women & Infants during his tenure have been far-reaching and brought about significant results that have strengthened Women & Infants’ leadership role both in New England and across the country,” said Care New England President and CEO Dennis D. Keefe in an internal memo. “Earlier this year Mark was instrumental in securing an important new contract with the union. Just this week the Department of Health gave its final approval to the certificate of need application paving the way for much-needed birth center renovations. Mark orchestrated this effort to great success. Additionally, it is important to highlight Women & Infants’ regular presence on the U.S. News Best Hospitals rankings.”
Marcantano began his tenure with Women & Infants in April 2014 after serving as acting president for six months. He previously served as the hospital’s executive vice president and chief operating officer. His departure comes during a time of financial challenges for CNE, which lost $40 million from Oct. 1 to March 31, including a $14.1 million operating loss at Women & Infants. In April, CNE announced that it would merge with Massachusetts-based hospital group Partners HealthCare.
“The past seven and a half years at Women & Infants have been extraordinary for me – both personally and professionally. I have had the opportunity to work alongside and lead one of the finest teams of health care professionals,” said Marcantano in the memo. “Together we have made great strides in our commitment to clinical excellence, patient safety, and the patient experience – and I look to all of you to continue that great work. The caring that you all demonstrate each and every day is awe-inspiring. It has been a true honor to lead this great team.”
Diane Rafferty and Arnie Schaffer, consultants from Alvarez & Marsal, will oversee operations until an interim president is selected. They will report to Dr. Jim Fanale, CNE’s chief clinical officer.
Nicole Dotzenrod is a PBN staff writer.
