PHOENIX (April 9, 2024) — Peter S. Fine, who led Banner Health through 24 years of unprecedented growth and a rise to national prominence, will retire on June 30 and be succeeded by Banner’s president, Amy Perry, who will become the president and chief executive officer, the health system’s Board of Directors announced today.
Fine became president and chief executive officer of Banner in 2000, shortly after its formation and led Banner from its roots as a hospital system to its identity today as a fully integrated health care enterprise. Banner’s position as a national leader is a testament to Fine’s vision and the Board of Directors’ relentless pursuit of excellence. Fine will also resign from the Board and serve as CEO Emeritus through January 2025, providing advisory assistance to the Board and Perry.
Perry is a nationally recognized, proven leader who joined Banner as its president and chief operating officer in November 2021, and played a critical role in leading Banner through the last significant wave of COVID-19 and subsequent organizational recovery. Perry’s focus on a team-based and people-first culture, best-in-class services, expanding access and improving affordability has had an immediate and meaningful impact, driving Banner’s current clinical, academic, team engagement and financial performance.
“Amy is the ideal leader who embodies Banner’s mission to make health care easier, so life can be better. She has crafted an exciting plan for Banner,” said Anne Mariucci, chair of the Banner Board of Directors. “We are confident that Amy will propel Banner to further success with a technology-forward, people-centered approach to serve our patients, caregivers and diverse communities.”
“I am honored and deeply grateful for the opportunity to lead this remarkable health system and outstanding team who sincerely care about advancing health for the communities we serve,” Perry said. “With Banner’s One Team culture, we are transforming health care access and affordability. Leaning into technology and innovation, Banner will define safety, trusted relationships, best-in-class care and affordable coverage. I would like to recognize Peter for his tremendous accomplishments and thank the entire Banner Board for their support and partnership.”
Mariucci added, “The Banner Board of Directors expresses its sincere gratitude to Peter for his iconic leadership over the last 24 years, and we are appreciative that we will continue to benefit from his wisdom in his role as CEO Emeritus.”
“I look forward to continuing to work with Amy to ensure a smooth transition,” Fine said. “It has been a pleasure over the last two years to partner with her and our team to realize our current success.”
About Banner Health
Banner Health ($14.1 Billion, AA-) is one of the largest, secular, mission driven nonprofit health care systems in the country, providing more than $760 million in community benefits in 2023. Banner’s dedicated and caring team of more than 55,000 people provide outstanding services in six states. In addition to 30 acute-care hospitals and three rehab hospitals, Banner delivers academic medicine through Banner – University Medicine in partnership with the University of Arizona, training more than 1,100 residents and fellows each year. Banner’s destination programs provide disease prevention to the highest level of quaternary care, including Banner heart care services delivering lifesaving heart transplantation, Banner Brain & Spine centers delivering leading edge interventions, and Banner’s Alzheimer’s Institute publishing internationally recognized research. Banner’s comprehensive care and coverage includes clinically integrated services such as Banner Plans & Network with more than 1.2 million covered lives, thousands of compassionate and talented employed physicians, outpatient surgery centers, urgent care locations, home care and hospice services, retail and specialty pharmacies, stand-alone imaging centers, physical therapy and rehabilitation, behavioral health services, a research division and Banner MD Anderson Cancer Center, a partnership with one of the world’s leading cancer programs, MD Anderson Cancer Center. Headquartered in Arizona, Banner Health also has locations in California, Colorado, Nebraska, Nevada and Wyoming. For more information, visit bannerhealth.com.
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