Saint Vincent asks court to okay new CEO

By Reshmi Basu

New York, June 25 - Saint Vincent Catholic Medical Centers asked for approval of the appointment of Henry J. Amoroso as chief executive officer to head the financially strapped New York metropolitan healthcare provider, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Previously, Amoroso was the president and CEO of Catholic Health and Human Resources, a New Jersey-based health care service provider.

He will be paid a base salary of $925,000 as well as an annual performance bonus.

In addition, the company has asked for the approval of Martin McGahan as chief restructuring officer, Domenic Segalla as chief financial officer and Guy Sansone as a consultant.

Saint Vincent's also requested a hearing for June 29 to approve the motion.

Saint Vincent filed for bankruptcy on July 5, 2005. Its Chapter 11 case number is 05-14945.

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