St. Michael’s Medical Center’s chief financial officer, John S. Grywalski Jr., will retire in mid-July from the Newark hospital, which is running a deficit and laid off 150 staffers in March, yet said it remains on track with its $25 million emergency room expansion and a $250 million hospital redevelopment plan.
Grywalski was appointed CFO in 2008 when St. Michael’s, then part of Cathedral Healthcare System, was acquired by Catholic Health East, of Newtown Square, Pa. Grywalski previously served as executive vice president and CFO of Catholic Health and Human Services, managing its financial operations, including Cathedral Healthcare System, Catholic Charities of the Archdiocese of Newark and Mount Carmel Guild Behavioral Health System.
Spokesman Brendan Middleton said Grywalski “has decided to retire after a long and distinguished career,” and said the transition is not related to the steps St. Michael’s has taken to align costs with revenues. “The hospital is firmly committed to plans for growth and expansion.”
According to a statement from St. Michael’s, Grywalski lives in Bayonne with his wife, Dr. Catherine Quinn, a career educator in the city’s school system. He has five children and six grandchildren, and “plans to spend a lot of time with his grandchildren in his retirement.”
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