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Orsini named CFO at Cadence

Published: Saturday, March 9, 2013 5:30 a.m. CDT

WINFIELD – Cadence Health has selected a finance professional from a rival health system to become its new CFO.

This week, Cadence, which operates Delnor Hospital in Geneva and Central DuPage Hospital in Winfield, announced that it had hired John Orsini as its next CFO and executive vice president.

Orsini, 49, had served in a similar position at Presence Health, a health care system formed from the merger of Provena Health and Resurrection Health Care in 2011. Presence operates 12 hospitals.

Orsini had worked at Chicago-based Resurrection from May 2010 until he resigned in November.

Cadence had been seeking a CFO since July 2012 to replace former CFO and executive vice president Jim Spear, who had retired last summer.

In a prepared statement, Cadence President and CEO Michael Vivoda said Orsini was selected “because of his proven expertise in the strategic financial management of multi-hospital systems.”

Vivoda said that experience “will be vital to the system’s long-term success and stability.”

Before joining Resurrection, Orsini, a licensed CPA, had held corporate finance positions at Scripps Health in San Diego and Catholic Healthcare West in the southwest United States.

Orsini’s hiring marks the latest executive hire at Cadence. Last spring, Cadence hired Vivoda as president and CEO, replacing former CEO Luke McGuinness.

And in fall, Cadence hired Robert Friedberg as president of Delnor and Brian Lemon as president at CDH.

Those executive selections represented promotions from within the organization, which was formed after CDH and Delnor merged in 2011.

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