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April 24, 2015

CT Children's CEO Gavin to retire

PHOTO | Pablo Robles Connecticut Children's Medical Center CEO Marty Gavin will retire by the end of 2015.

Connecticut Children’s Medical Center CEO Martin J. Gavin will retire by year’s end, the hospital announced Friday.

Gavin, 65, will continue in his position until the hospital chooses a successor. The Connecticut Children’s board of directors has formed a search committee and said it is conducting a national search for Gavin’s replacement.

In a statement, the hospital credited Gavin with a 60 percent increase in patient visits since 2006 — the result of adding facilities in Farmington, Glastonbury, Waterbury and Fairfield County during his tenure.

Connecticut Children’s posted an $18.1 million deficit for the fiscal year ended Sept. 30, 2014. That was up from a $17.5 million deficit the year before.

Connecticut Children’s is the only freestanding children’s hospital in the state.

In January, the state’s Finance Advisory Committee approved a special transfer of $10 million to the hospital to help shore up its finances, which have suffered from a growing Medicaid patient population.

Gavin, a former board chair at Connecticut Children’s, previously worked for the Phoenix Cos. for 16 years.

“I’ve always said that I have the best job in the world; it’s truly been a gift,” Gavin said in a statement. “But after nine years, it’s time for me to move on and let a new generation of leadership continue to advance our mission of caring for children and families.”

U.S. Sen. Richard Blumenthal released released a statement Friday saying Gavin has provided him with valuable guidance on children's health-related matters.

"His leadership and expertise have helped establish CCMC has one of the leading children’s hospitals in the nation — saving and bettering the lives of countless Connecticut children,” Blumenthal said.

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