Jefferson Announces New Chief Financial Officer, Peter L. DeAngelis, Jr., CPA, MBA, FHFMA
(PHILADELPHIA)- Thomas Jefferson University and Jefferson Health welcomes Peter L. DeAngelis Jr. as Executive Vice President, Chief Financial Officer. In his new role, DeAngelis will serve as a key member of the Executive Leadership Team reporting to Jefferson President and CEO Dr. Stephen K. Klasko and will be responsible for overseeing all financial functions throughout Jefferson. He will also work closely with the Finance Committee of the Board of Trustees to maintain Jefferson’s current financial stability and provide a platform for continued growth and adaption to the changes affecting healthcare and higher education institutions like Jefferson. DeAngelis replaces Kirk Gorman who is retiring after leading the integration of Thomas Jefferson University and Thomas Jefferson University Hospitals and the integration between Jefferson and Abington Health System.
With over three decades of experience and executive-level leadership in the healthcare industry as well as a strong background in academic medicine, DeAngelis comes to Jefferson from IMA Consulting, a leading national healthcare consulting Firm. During his tenure with IMA DeAngelis was a Partner in their Strategic Execution practice.
Before joining IMA, DeAngelis worked as both the Executive Vice President and CFO, and then Chief Operating Officer of Catholic Health East. Under his leadership, Catholic Health East merged with Trinity Health creating one of the nation’s largest multi-institutional Catholic health care delivery systems. In that role, he helped lead a complex integration of the two multi-state healthcare systems with total assets of approximately $19 billion, and directed the system-wide strategic repositioning processes prior to and post implementation of the Affordable Care Act.
DeAngelis also previously held the position of Senior Vice President and CFO at the University of Pennsylvania Health System (UPHS). As CFO, DeAngelis led the financial planning and execution of one of the most dramatic, sustained financial turnarounds ever seen among academic medical centers nationwide. DeAngelis was influential in restructuring the financial services division and helping direct the overall improvement of UPHS operating performance from a $198M operating loss in FY 1999 to a $27M operating surplus in FY 2002.
DeAngelis earned both his Bachelor of Science in Accounting and his MBA in Accounting and Healthcare Administration from LaSalle University.
Media Contact: Colleen Cordaro