FORT WAYNE, Ind. (WOWO): The fallout continues at Lutheran Medical Network after a local physician group’s failed takeover bid.
Dr. Geoff Randolph has been fired as the network’s Chief Medical Officer, according to the News-Sentinel. Meanwhile, two other physicians have resigned: Chairman of Anesthesiology Dr. Kevin Stockmaster and Lutheran Hospital Chief Medical Officer Dr. Matthew Sutter are both walking away.
This comes after former CEO Brian Bauer was fired earlier this month.
A group of local physicians submitted a $2.4 billion buyout bid, but Tennessee-based Community Health Systems rejected that offer, saying it was a billion dollars too low. The doctors argued that CHS wasn’t doing enough to support the local network and was instead funneling its profits elsewhere to handle financial problems.
CHS recently announced a $500 million capital improvement plan for Lutheran.