Trinity Health Mid-Atlantic CEO James L. Woodward Set to Retire Amid Financial Challenges in Region

Trinity Health Mid-Atlantic CEO James L. Woodward is set to retire in January, according to the health system. Woodward began his career with Trinity Health in 2016 as the CEO of St. Mary Medical Center in Langhorne, Pennsylvania. In 2018, he became CEO of a five-hospital group formed by their common owner, Trinity Health, based in Livonia, Michigan. This group was known as Trinity Health Mid-Atlantic and included hospitals such as St. Mary, Nazareth, Mercy Fitzgerald, Mercy Philadelphia, and St. Francis.

In 2020, Trinity Health had originally planned to close Mercy Philadelphia but the hospital was kept open in a modified form by the University of Pennsylvania Health System. Despite this setback, Trinity Health reported $1.1 billion in revenue from its nonprofit, Philadelphia-area hospitals for the fiscal year ending June 30, 2023. However, this was a decrease from $2.2 billion in revenue reported for fiscal 2018 due to several factors including the sale of Lourdes Health System in South Jersey to Virtua Health in 2019 and the sale of St. Francis Medical Center in Trenton to Capital Health later closed that facility. These losses greatly impacted Trinity’s revenue and financial stability