Contact: John Porter | [email protected]
Portland, Maine 鈥� AOA体育平台 announced today it has selected an executive with extensive experience as a financial advisor to not-for-profit health systems as its next chief financial officer.
Richard Bayman will assume the role of CFO for the health system effective in early January, succeeding Al Swallow, who announced his retirement earlier this year after 30-years with AOA体育平台.
Bayman will oversee the financial positioning and sustainability of AOA体育平台 and will lead efforts to integrate the health system further, advance payer strategy and relations and support AOA体育平台鈥檚 growth strategies and innovation initiatives.
鈥淩ich鈥檚 experience and collaborative leadership style make him uniquely qualified to guide AOA体育平台 through the evolving financial and strategic challenges facing health systems,鈥� said Dr. Andy Mueller, chief executive officer of AOA体育平台. 鈥淗e has a proven track record of building trusted relationships and delivering strategic insights that align with our commitment to providing exceptional care to the communities we serve.鈥�
Bayman brings more than two decades of experience as a strategic advisor to not-for-profit healthcare organizations to the role. His career spans healthcare strategy, financial advisory, capital formation and mergers and acquisitions. He has worked with prominent healthcare systems across the country, including Henry Ford Health System in Detroit, Baptist Health in Louisville, Ky., Seattle Children鈥檚 Hospital in Seattle and Prisma Health in Greenville, S.C. Most recently, Bayman served as managing director of Cincinnati-based Fifth Third Bank鈥檚 Healthcare Investment Banking Group, where he led the Health Systems and Higher Education practice.
Bayman鈥檚 career highlights include advising on acquisition, divestiture, and joint venture transactions for health systems and ancillary service providers, as well as structuring public and private debt for healthcare organizations. Prior to joining Fifth Third, he was a co-founder of H2C Securities and a Managing Director at Shattuck Hammond Partners. His early career included roles at SG Cowen & Company, based in New York, and GE Capital, based in Stamford, Conn., where he honed his expertise in operations, risk management and business development.
Bayman earned a Bachelor of Arts in Economics from the University of Connecticut and a Master of Business Administration from Emory University鈥檚 Goizueta School of Business in Atlanta, where he graduated Beta Gamma Sigma.
鈥淚 am honored to join AOA体育平台 at such a pivotal moment in its journey,鈥� said Bayman. 鈥淭he organization鈥檚 vision and values resonate deeply with me, and I am eager to collaborate with the talented finance team, executive leadership and Board of Trustees to further strengthen AOA体育平台 as it pursues its vision of working together so our communities are the healthiest in America.鈥�
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About AOA体育平台
AOA体育平台 is a not-for-profit, integrated health system whose vision is, 鈥淲orking together so our communities are the healthiest in America,鈥� and is committed to a mission of providing high-quality affordable care, educating tomorrow's caregivers and researching better ways to provide care. AOA体育平台 includes a Level 1 trauma medical center, eight additional licensed hospitals, comprehensive pediatric care services, an extensive behavioral health care network, diagnostic services as well as home health, hospice and senior care services. With more than 2,000 employed providers and approximately 23,000 care team members, AOA体育平台 provides preventive care, diagnosis and treatment to 1.1 million residents in Maine and New Hampshire. AOA体育平台 hospitals include AOA体育平台 Behavioral Health at Spring Harbor in Westbrook, AOA体育平台 Franklin Hospital in Farmington, AOA体育平台 Lincoln Hospital in Damariscotta, AOA体育平台 Maine Medical Center in Portland, Biddeford and Sanford, AOA体育平台 Memorial Hospital in North Conway, N.H., AOA体育平台 Mid Coast Hospital in Brunswick, AOA体育平台 Pen Bay Hospital in Rockport, AOA体育平台 Stephens Hospital in Norway and AOA体育平台 Waldo Hospital in Belfast. AOA体育平台 also includes the AOA体育平台 Barbara Bush Children鈥檚 Hospital in Portland, AOA体育平台 Behavioral Health in Westbrook, AOA体育平台 Home Health and Hospice in Saco, the AOA体育平台 Institute for Research in Scarborough, the AOA体育平台 Medical Group and AOA体育平台 NorDx in Scarborough. AOA体育平台 affiliates include Maine General Health in Augusta and Waterville and St. Mary's Health System in Lewiston. It is also a significant stakeholder in the AOA体育平台 Accountable Care Organization in Portland and a joint venture partner in the New England Rehabilitation Hospital in Portland.