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October 18, 2021 POWER 25 HEALTHCARE

2021 Power 25 Health Care: Vincent Capece Jr.

Late this summer Vincent Capece Jr. joined the growing list of local hospital CEOs to mandate vaccines for employees.

Vincent Capece Jr., CEO, Middlesex Health

“As an organization, we believe this is the right thing to do,” said Capcece, who is the president and CEO of Middlesex Health. “The COVID-19 vaccines are safe and effective, and the decision to mandate vaccinations was made with the health and safety of our patients, staff and visitors in mind.”

Capece has been on the frontlines of shepherding his hospital through the pandemic. And in some ways his job has been harder than others because he leads one of the few standalone hospitals left in Connecticut.

That means he doesn’t have the financial resources available to major health systems like Hartford HealthCare or Yale New Haven Health.

But that hasn’t stopped Middlesex Health from traditionally recording healthy profit margins.

For example, in fiscal 2019, the most recent data available from the Office of Health Strategy, Middlesex Health recorded a $26 million surplus on $473.5 million in total operating revenue.

Capece has also continued to invest in Middlesex, building a $28-million medical center in Westbrook in 2014 and expanding it in recent years.

Capece was also a driving force behind the creation of a partnership with other independent hospitals called the Value Care Alliance, whose members have formed an accountable care organization and used their combined leverage to purchase discounted supplies.

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