Bankruptcy looks like it has struck another organization in Riverside County, this time in the health care industry.
Members of the Valley Health System board of directors on Monday tried to assure employees and constituents that the district is headed in the right direction, despite losses of nearly $3 million since the end of last year.
The board met for its first meeting since the health care district, which includes two hospitals, announced the reassignment of Hugh King, its chief financial officer and administrator at Hemet Valley Medical Center.
The district’s other hospital is Menifee Valley Medical Center.
King’s departure comes as the health care district, which declared bankruptcy in December 2007, fails to meet financial projections, according to records.
The district was projected to earn almost $2.1 million between December and February.
