HBJ PHOTO | Steve Laschever
ECHN CEO Michael Collins in his Manchester office in 2017.
August 20, 2019
ECHN CEO Collins to retire
PHOTO | Contributed
By Matt Pilon
Michael Collins, CEO of Eastern Connecticut Health Network since the two-hospital system was acquired in 2016 by for-profit operator Prospect Medical Holdings in 2016, will retire later this year.
Drew Crandall, a member of ECHN’s advisory board who operates a marketing firm in Vernon, slipped the news into a column in the Journal Inquirer on Monday, reporting that Collins will retire to Maine in October.
ECHN on Tuesday morning confirmed the pending retirement to HBJ, news of which has been shared internally within the system, and said it was working on an official announcement about Collins’ departure and naming his successor.
Prospect acquired ECHN, which includes Manchester Memorial Hospital and Rockville General Hospital in Vernon, in Oct. 2016 for $105 million.
Collins, who had been chief integration officer since March 2016, was named interim CEO that October, and permanent CEO in July 2017.
He previously worked for more than 30 years at various Massachusetts hospitals and health systems, including, most recently, St. Elizabeth’s Medical Center in Boston.
ECHN reported net patient service revenue of $290.1 million for the year ended Sept. 30, 2018, down from $310.1 million the year prior. It reported a net loss of $4 million for the recent year, compared to a profit of $11.8 million in 2017.
Prospect, which also owns Waterbury Hospital, announced this month that it is in affiliation talks with Day Kimball Healthcare in Putnam.
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